Industry Expert Brings Decades of Experience as an Innovator in Fraud Prevention

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced the appointment of David Liu as senior vice president of fraud & risk.

Liu will lead the Fraud & Risk team at Trulioo with the charge of cementing the company’s position as a fraud-prevention innovator for organizations across industries and around the world. Liu, who has decades of experience in fraud mitigation, will drive best practices to help Trulioo customers navigate the landscape of digital risk and AI-generated threats.

During his 15-year tenure at American Express, Liu rose to vice president with a focus on fraud and risk. In that role, he was responsible for implementing the company’s global fraud-prevention infrastructure. His efforts helped contribute to a more than 65% reduction in fraud losses, a 75% drop in false fraud declines and a 35% decrease in false Know Your Customer declines.

“We are thrilled to welcome David to Trulioo, where his extensive background in applying cutting-edge technology to combat digital fraud will play a pivotal role in advancing our strategic objectives,” said Hal Lonas, Trulioo chief technology officer. “David’s insights and expertise in fraud and risk, particularly in automated fraud resolution and merchant data exchange, will be invaluable in delivering enhanced services to our global clientele.”

Trulioo empowers global enterprises to optimize the cost of onboarding good, verified customers while defending against fraud and maintaining regulatory compliance. Trulioo is trusted by the world's largest financial, payments and marketplace organizations to navigate complex identity and business verification challenges.

“Fraud attack vectors never stop evolving, so it’s imperative that organizations fortify their customer base with state-of-the-art technology, onboarding insights and a layered, AI-driven approach to identity verification,” Liu said. “Trulioo is a forward-thinking organization, and I’m excited to add my expertise to the company’s innovative verification capabilities.”

To learn more about Trulioo, visit trulioo.com.

About Trulioo

​​Trulioo is the world’s identity platform, trusted by leading companies for their verification needs. Offering business and person verification across the globe, Trulioo covers 195 countries and can verify more than 13,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists. 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 expert verification knowledge across diverse markets, Trulioo enables the highest verification assurance levels, optimizing onboarding costs and fostering trust in the global digital economy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514718864/en/