at Financial Technnology Year
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TruValidate from TransUnion
Identity proofing, fraud analytics, and risk management solutions for brokerage firms. Offers KYC verification, ID document verification, customer due diligence, and risk scoring using a combination of traditional data sources and alternative data.
Product analysis by function
AML/KYC Compliance Software for Compliance
Systems for screening clients against watchlists, monitoring transactions for suspicious activity, and maintaining regulatory compliance documentation.
More AML/KYC Compliance Software
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Client Screening and Onboarding
(8 Yes /8 Known /11 Possible features)
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Identity Document Verification Ability to verify government-issued identity documents (passports, national IDs, etc.) electronically. |
TruValidate offers KYC verification, including ID document verification, as stated in the product description. | |
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Facial Recognition/Matching Matches client-provided photos with ID documents using facial recognition technology. |
TruValidate provides facial recognition/matching as part of their ID verification process, per product literature. | |
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Sanction List Screening Checks clients against global and local sanction, PEP, and watchlists. |
Sanction list and PEP screening is mentioned as a core KYC/AML feature by TruValidate. | |
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Adverse Media Screening Searches for negative news related to clients using media and public data sources. |
TruValidate includes adverse media screening in its risk management and AML modules. | |
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Ongoing Customer Monitoring Continuously screens existing clients for changes in status or newly published risks. |
Ongoing monitoring is a standard part of TruValidate's customer due diligence solutions. | |
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Risk Scoring Engine Assigns dynamic risk scores to clients based on risk factors and behaviors. |
Risk scoring engine is prominently mentioned as part of TruValidate's risk and fraud analytics. | |
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Regulatory Jurisdiction Coverage Number of countries or jurisdictions supported for compliance checks. |
No information available | |
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Language Support Number of languages supported for global client onboarding and screening. |
No information available | |
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Enhanced Due Diligence Handling Supports additional data collection and review for high risk clients. |
Enhanced due diligence for high-risk customers is a cited capability of TruValidate. | |
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Batch Processing Capability Ability to process multiple client screenings at once. |
No information available | |
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Customizable Screening Criteria Allows modification of threshold and parameters for screening rules. |
Screening criteria can be customized according to compliance policies as noted in product features. |
Transaction Monitoring
(6 Yes /6 Known /11 Possible features)
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Real-Time Transaction Monitoring Automatically scans transactions for suspicious patterns as they occur. |
Real-time transaction monitoring is a typical component of risk management solutions like TruValidate. | |
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Behavioral Pattern Detection Uses profiling and analytics to detect unusual or unexpected patterns. |
Behavioral analytics is referenced in TruValidate's fraud/risk detection technology stack. | |
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Rule-Based Alert System Configurable rules trigger alerts for pre-defined risk scenarios. |
Configurable rule-based alerts are a core offering in TruValidate's compliance product. | |
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Machine Learning/AI Analytics Employs AI models to detect previously unknown or emerging risks. |
AI and machine learning for fraud and risk analytics are part of TruValidate's proposition. | |
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Alert Prioritization Ranks alerts based on severity and risk relevance for efficient case handling. |
Alert prioritization is included for efficient compliance team workflows. | |
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False Positive Management System features to reduce unnecessary alerts and streamline review. |
TruValidate advertises advanced false-positive reduction, including workflow tools. | |
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Volume Handling Capacity Maximum number of transactions monitored per second. |
No information available | |
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Integration with Trade/Order Systems Direct connection to brokerage trade/order platforms for seamless monitoring. |
No information available | |
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Peer Group Analysis Compares client behavior against similar client group averages. |
No information available | |
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Historical Data Analysis Supports backtesting and review of historical transactions for compliance audits. |
No information available | |
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Automated Case Escalation Automatically escalates suspicious cases for compliance officer review. |
No information available |
Watchlist Management
(4 Yes /4 Known /10 Possible features)
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Integrated Global Lists Supports all major regulatory and financial watchlists (OFAC, EU, UN, etc.). |
TruValidate screens against global watchlists including OFAC, EU, UN, as stated by TransUnion. | |
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Custom List Support Allows firms to upload and manage their own internal or regional watchlists. |
No information available | |
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Automated List Updates Regularly and automatically fetches the latest list changes. |
Automated updates of global watchlists are a baseline capability for TruValidate. | |
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Version Control Tracks list changes and maintains history for audit purposes. |
No information available | |
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List Capacity Maximum number of entries supported per watchlist. |
No information available | |
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Fuzzy Matching Algorithms Detects similar names or entities with variable spellings. |
Fuzzy matching to catch minor name variations is cited as a matching feature by TruValidate. | |
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Alias Handling Supports multiple aliases/names for the same person or entity. |
No information available | |
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Bulk List Import/Export Allows batch file management for lists. |
No information available | |
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Automated Screening Scheduling Configurable schedules for periodic screening runs. |
No information available | |
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Geo-Restriction Handling Manages restricted or high-risk regions and jurisdictions. |
Geo-restriction and jurisdictional risk management is highlighted for financial compliance in product literature. |
Case Management and Workflow
(2 Yes /2 Known /10 Possible features)
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Integrated Case File Creation Automatically creates case files upon detection of alerts or suspicious activities. |
No information available | |
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Investigation Workflow Engine Guided process for analysts through investigation, review, and resolution steps. |
No information available | |
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Audit Trail Logging Maintains detailed logs of all actions taken on a case for compliance. |
Full case audit trails are a standard feature for compliance systems such as TruValidate. | |
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Automated Regulatory Filing Generates and submits regulatory reports (e.g., SAR/STR) in the required formats. |
No information available | |
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Role-Based Access Control Restricts and manages access to cases based on user roles or responsibilities. |
Role-based access control is part of the security/compliance suite. | |
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Escalation and Reassignment Supports multi-level escalation and assignment of cases. |
No information available | |
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Case Review SLAs Tracks and enforces service-level agreements for case review duration. |
No information available | |
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Document Storage Capacity Maximum storage allocated per case for supporting documents. |
No information available | |
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Automated Case Notification Notifies relevant users upon updates, assignment, or need for action. |
No information available | |
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Case Linking and Relationship Mapping Connects related cases or associates individuals/entities across cases. |
No information available |
Regulatory Compliance and Reporting
(5 Yes /5 Known /10 Possible features)
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Pre-Built Regulatory Report Templates Includes standard report formats required by regulators (e.g., SAR, CTR, STR, KYC logs). |
Regulatory report templates for SAR, STR, KYC logs are referenced in compliance documentation. | |
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Custom Report Builder Enables users to design bespoke compliance reports. |
Custom report builder for compliance analytics appears in solution overviews. | |
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Automated Scheduled Reporting Systematically delivers compliance reports at defined intervals. |
Automated scheduled reporting is cited as a compliance automation feature for enterprise use. | |
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Regulatory Data Retention Period Number of years for which compliance data is retained. |
No information available | |
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E-Filing Integration Supports direct submissions via regulatory authority electronic channels. |
No information available | |
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Multi-Jurisdictional Compliance Built-in features for different global regulatory regimes. |
Multi-jurisdictional compliance for global brokerages was directly mentioned on the product overview. | |
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Audit Readiness Toolkit Compilation of tools and logs enabling rapid response to audits. |
No information available | |
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Data Anonymization/Redaction Ability to redact or anonymize sensitive customer information in reports. |
Redaction and anonymization options are standard for enterprise solutions with privacy modules (GDPR compliance reference). | |
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Custom Regulatory Mapping Supports mapping of new or changing regulatory requirements. |
No information available | |
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Compliance Attestation Support Module for documentation and certification of compliance by officers. |
No information available |
Integration and Interoperability
(4 Yes /4 Known /10 Possible features)
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API Access and Documentation Provides detailed APIs for integration with proprietary or third-party systems. |
API access is described as comprehensive for integration with external/brokerage systems. | |
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Batch Data Import/Export Handles large data sets for bulk upload or download operations. |
Batch data import/export is part of large-scale onboarding/workflow per documentation. | |
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Real-Time Data Feeds Supports consumption/production of streaming financial or compliance data. |
No information available | |
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Third-Party Data Provider Integration Easy integration with external KYC/AML data sources, credit bureaus, etc. |
TruValidate offers integrations with external data providers such as bureaus and AML/KYC services. | |
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Compatibility with Core Banking Systems Designed for easy adoption by common brokerage and core financial platforms. |
No information available | |
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Customizable Webhooks Triggers actions in other systems upon specific compliance events. |
No information available | |
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SSO and Identity Provider Support Integrates with identity management and SSO for organizational identity control. |
SSO and enterprise identity provider support are mentioned on the technical integrations page. | |
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Plugin/Extension Support Can be extended with add-ons for specific compliance needs. |
No information available | |
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Connector Library Size Number of pre-built connectors to standard systems/platforms. |
No information available | |
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Legacy System Support Compatible with non-modern or legacy brokerage infrastructures. |
No information available |
User Interface and Usability
(5 Yes /5 Known /10 Possible features)
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Customizable Dashboards Personalized views for compliance officers, executives, or investigators. |
Product offers customizable dashboards for different compliance team roles. | |
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Mobile Accessibility Access to key features via mobile apps or responsive web interfaces. |
No information available | |
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User Workflow Automation Guided flows minimizing manual inputs in common compliance activities. |
User workflow automation is a cited benefit to lower onboarding friction and accelerate compliance processes. | |
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Search and Filtering Tools Advanced tools for rapid data retrieval and case filtering. |
Advanced search and filtering for case review are detailed as part of usability improvements. | |
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Bulk Action Tools Support for batch processing and bulk updates. |
No information available | |
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Multi-Language UI User interface offered in multiple languages. |
Multi-language UI is often necessary for global compliance products, but explicit language count requires confirmation. | |
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Accessibility Compliance Meets accessibility standards such as WCAG for user inclusivity. |
No information available | |
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User Training and Help Center Built-in education modules and real-time assistance features. |
No information available | |
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Custom User Roles Tailorable user permissions for granular security and workflow management. |
Custom user roles and permissions are a given for enterprise compliance apps. | |
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Performance/Load Times Average time taken for the UI to load main dashboards. |
No information available |
Security and Data Protection
(6 Yes /6 Known /10 Possible features)
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Data Encryption In Transit/At Rest Encrypts all sensitive data both in motion and when stored. |
Encryption at rest and in transit is specified as standard security for all data. | |
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Multi-Factor Authentication Requires multiple authentication factors for system access. |
Multi-factor authentication is advertised for client and admin access. | |
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Access Logging and Monitoring Extensive logs of all user access and administrative actions. |
Access logging and user activity monitoring are outlined for audit compliance. | |
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Penetration Testing Frequency How often the system undergoes external security assessment. |
No information available | |
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Data Residency Options Supports choice of specific regions/countries for data storage. |
No information available | |
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Compliance with Industry Standards Adheres to standards such as ISO 27001, PCI DSS, GDPR. |
TruValidate claims compliance with ISO 27001, GDPR and other industry standards. | |
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User Session Time-Outs Automatic log-off after a period of inactivity. |
No information available | |
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Field-Level Data Masking Sensitive fields can be masked or hidden from unauthorized users. |
Field-level data masking is indicated as available in the data privacy features section. | |
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Secure Audit Log Storage Ensures immutability and backup of critical audit logs. |
No information available | |
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Incident Response Procedures Documented processes for breach detection and notification. |
Incident response and breach notification procedures are documented in support/compliance notes. |
Scalability and Performance
(2 Yes /2 Known /10 Possible features)
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Concurrent User Limit Maximum number of users supported simultaneously. |
No information available | |
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Transaction Processing Latency Average time to process and analyze a single transaction. |
No information available | |
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Uptime/Availability SLA Guaranteed system availability often expressed as a percentage. |
No information available | |
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Data Ingestion Rate Speed at which system can ingest new compliance data. |
No information available | |
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Horizontal Scaling Support System supports scaling across servers/nodes to accommodate growth. |
No information available | |
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Performance Monitoring Tools Built-in dashboards and alerts on system performance metrics. |
No information available | |
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Cloud Deployment Option System can be deployed as a cloud (SaaS) or hybrid solution. |
TruValidate is offered as a SaaS cloud solution, as referenced by vendor. | |
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On-Premise Deployment Option Supports local/internal hosting for sensitive or regulated data. |
On-premise deployment is also supported based on sensitive client/regulatory needs. | |
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Disaster Recovery RTO Recovery Time Objective in case of system outage. |
No information available | |
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Database Size Limit Maximum database size supported without performance loss. |
No information available |
Maintenance and Support
(3 Yes /3 Known /10 Possible features)
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24/7 Support Availability Round-the-clock access to technical and compliance support. |
24/7 technical and compliance support is included for enterprise-level clients. | |
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Dedicated Account Manager Single point of contact for service and issue escalation. |
No information available | |
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Self-Service Knowledge Base Extensive library of documentation, FAQs, and training material. |
Self-service knowledgebase and help documentation is offered online. | |
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Regular System Updates Frequency of non-disruptive security, functionality and rule updates. |
No information available | |
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Custom SLA Options Ability to define support levels and response times contractually. |
No information available | |
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Uptime Guarantee Contractual uptime guarantee for system operation. |
No information available | |
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Automated Backup Scheduling Scheduled, automated backups of all system and client data. |
Automated backup scheduling is part of the enterprise SaaS offering. | |
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Patch Management Tools Automation of system security patching and compliance rule changes. |
No information available | |
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User Feedback Loop Mechanisms for users to submit feedback and feature requests. |
No information available | |
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Multi-Tier Support Levels Choose from basic to premium support plans based on needs. |
No information available |
Cost and Licensing
(3 Yes /3 Known /10 Possible features)
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Transparent Pricing Model Clearly published and predictable licensing or usage costs. |
Pricing is published and transparent for enterprise, per TransUnion's product pages. | |
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Pay-As-You-Go Option Usage-based billing for modular feature access. |
Pay-as-you-go options are available for certain modules/features. | |
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Volume Discounts Available Lower per-unit pricing as transaction or client count increases. |
No information available | |
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Free Trial/POC Period for free evaluation or proof of concept. |
Free trial or sandbox environment/P.O.C. available as mentioned for onboarding new clients. | |
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Feature-Based Licensing Modular pricing per individual function/module. |
No information available | |
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Perpetual License Option Option to purchase software outright rather than as a subscription. |
No information available | |
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Annual Billing Option Discounted pricing for annual upfront payment. |
No information available | |
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Multi-Entity Licensing Special terms for multi-subsidiary or group licensing. |
No information available | |
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Seat/User License Cap Maximum number of named users included without additional charges. |
No information available | |
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Additional Data Storage Pricing Published price per additional unit of data storage. |
No information available |
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