What happened
Identity verification firm Trulioo launched an AI agent to fill gaps in ultimate beneficial ownership coverage. Ultimate beneficial ownership refers to the real people who own or control a company. The agent automates data collection across international corporate registries. Specific details on pricing were not provided in the report.
The context
Verifying business owners across different countries is traditionally manual and slow. Automated AI agents can scan fragmented registry data much faster than human analysts, helping firms meet strict anti-money laundering laws.
Sources
- FF News ↗ via Google News Reported