New Innovations in Ultimate Beneficial Owner (UBO) Discovery Drive 51% Growth in APAC Business Verification Volume for Trulioo

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Leading Social Media Platform Sees up to 40% Increase in UBO Coverage Across APAC, Powered by Next-Generation UBO Discovery

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BANGKOK — Trulioo, a leading global platform for identity verification, fraud prevention and credit decisioning, today announced that new innovations in Ultimate Beneficial Owner (UBO) entity resolution drove 51% year-over-year growth in Asia-Pacific (APAC) business verification volume in 2025. These advancements in Know Your Business (KYB) capabilities from Trulioo are enabling organizations to achieve greater ownership visibility and scale verification more effectively across complex markets.

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Across APAC, demand for reliable business verification is increasing as fragmented and inconsistent ownership data continues to challenge traditional KYB approaches. As organizations in APAC scale, the ability to identify and verify UBOs becomes critical to onboarding, compliance and risk management. This is driving demand for more advanced approaches that go beyond registry filings to reconstruct ownership and deliver deeper visibility.

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Trulioo is redefining UBO discovery to deliver clearer ownership visibility across complex markets. Its next-generation, AI-governed and assisted engine combines global data sources to resolve incomplete or inconsistent ownership information and deliver a more accurate and complete view of business ownership at scale.

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With this approach, Trulioo drove a 40% improvement in UBO coverage for one of the world’s largest social media platforms operating in APAC. Specifically, in markets where fragmented or incomplete data has traditionally limited visibility, Trulioo achieved up to 98% UBO coverage in Vietnam, 70% in the Philippines (+69% uplift), and 81% in Singapore (+24% uplift), with overall coverage reaching 85% across tested markets.

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These gains translate directly into operational and productivity gains, enabling organizations to onboard more businesses faster, reduce reliance on manual review and strengthen compliance outcomes. With more complete and consistent ownership visibility, organizations can scale verification with greater confidence, particularly in SME-heavy and cross-border environments where legacy approaches often fall short.

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“Across APAC, the challenge isn’t just verifying businesses, it’s understanding who ultimately owns and controls them,” said Zac Cohen, chief product officer at Trulioo. “With obscure and unreliable ownership data across SMEs, traditional KYB approaches simply don’t work at scale. We’ve built a fundamentally different way to solve this for our APAC customers. As a result, customers see higher onboarding acceptance rates, reduced manual review and the ability to scale into new markets with greater confidence. That’s what sets Trulioo apart as a global KYB provider.”

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To explore how Trulioo helps organizations verify businesses and uncover ownership at scale, contact Trulioo today. For more information, visit trulioo.comAbout Trulioo: Trulioo is an industry-leading onboarding platform, trusted by global enterprises for their identity verification, fraud prevention and credit decisioning needs. Offering business and person verification across the globe, Trulioo covers 195 countries and can verify more than 14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists. Trulioo enables global companies to prevent fraud and inform credit decisioning through hundreds of predictive risk signals, consortium data and industry-specific machine learning models. Its comprehensive suite of in-house capabilities, integrated across a single automated platform, powers customizable onboarding workflows tailored to meet any market requirement. Combining its state-of-the-art technology with deep expertise across diverse regions, Trulioo enables the highest assurance levels across verification and decisioning, optimizing onboarding costs and fostering trust in the global digital economy.

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