KoreConX and Trulioo Join Forces to Reduce Money Laundering and Fraud in Equity Crowdfunding#May 31, 2016

TORONTO, ON–(Marketwired – May 31, 2016) – Trulioo‘s industry leading global ID verification capabilities are now available through the KoreConX platform. Companies can now achieve frictionless ID verification to help reduce fraud and satisfy Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.

KoreConX was created to make compliance and transparency easier, and reduce the likelihood of fraud for the equity crowdfunding industry as a whole, and partnering with Trulioo brings this much closer. Companies and equity crowdfunding portals are required to adhere to the highest possible standards for due diligence, and fraudulent campaigns put the entire industry at risk.

“Building strong relationships with industry leaders like Trulioo is a key component of KoreConX’s mandate. We’re working together to integrate the tools and expertise companies need to stay compliant, transparent, and reduce risk,” said Oscar Jofre, President and CEO of KoreConX.

Trulioo offers the ability to verify more than 4 billion people in over 45 countries, and the service is available in every market KoreConX operates in. For more information, click here.

“We are pleased to support KoreConX’s efforts to enable companies to more easily and effectively raise capital with transparency back to shareholders,” said Keir Breitenfeld, Head of Partnerships and Channel Sales. “We always seek partners that share our same values of inclusion, enablement, and trust, and are looking forward to delivering best-in-class KYC checks that are foundational to KoreConX’s innovative suite of services.”

About Trulioo

Trulioo is a global ID verification company that provides advanced analytics from cyber and traditional data sources to verify online identities. The company’s mission is to solve global problems associated with verifying identities online by powering fraud prevention and compliance systems for hundreds of clients worldwide in an effort to increase trust and safety online. Trulioo’s GlobalGateway product enables businesses to perform frictionless, on-demand instant ID Verification for more than 4 billion people in over 45 countries via 145 data sources — the widest coverage in the market. GlobalGateway helps businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) identity verification needs, enabling businesses across the world to evaluate new and existing users through one, single portal. For more information, visit www.trulioo.com.

About KoreConX

KoreConX is a free all-in-one solution that helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk. The KoreConX ecosystem empowers stakeholders (regulated crowdfunding portals, shareholders, board directors, CEO, CFO, corporate secretary, lawyers, auditors, investor relations, members and 3rd party providers) to manage corporate information from a Single Point of Entry within a secure, hosted application that results in efficient and transparent corporate governance. More information is available at www.koreconx.com.