Trulioo, a global risk intelligence platform, has announced the UBO Discovery Agent, a new AI-powered capability designed to resolve the persistent challenge of determining ultimate beneficial ownership (UBO) where global registries fall short. The agent automates business ownership discovery using governed AI to reconstruct ownership across jurisdictions and fragmented sources, filling critical data gaps.
The UBO Discovery Agent uses governed AI and Trulioo's proprietary Business Graph, built from 15+ years of global ownership records, to reconstruct ownership chains.
In early deployments, the agent boosted UBO coverage by 20-80% compared to registry-only research.
In the hardest markets where registry-only lookups yield data on well under 5% of businesses, the Agent lifted coverage above 90%.
One of the world's largest social commerce platforms is the first customer to deploy the Agent across Malaysia, Vietnam and the U.K.
The Agent provides a transparent, evidence-based audit trail from four source categories: official registries, commercial data providers, legally mandated disclosures, and open-source intelligence.
The launch is the first in a planned series of AI agents Trulioo is building across its identity, fraud, and business risk platform.
Trulioo, a global risk intelligence platform, today announced the UBO Discovery Agent, the newest layer in Trulioo's UBO Discovery capability inside its business risk and Know Your Business (KYB) verification workflow.
AI is reshaping fraud, making it easier for bad actors to hide, and harder for companies to catch them. This makes the already tough job of verifying who actually owns a business even more difficult. Determining a business's ultimate beneficial owner is an ongoing, acute challenge for companies: registry coverage is inconsistent across countries, and even where registries exist, they typically record shareholders and directors of record rather than the people actually in control. That data isn't simply outdated, it reflects a structural lag: ownership changes and time passes before the filing is made and processed, so a lookup often shows who owned a business months or years ago, not who owns it today. Further, ownership chains that cross borders can break entirely once they reach a country that doesn't share the data.
Until now, compliance teams attempted to rely on either a slow, manual mix of analysts and research portals, or unverified customer self-certifications. Ultimately, both approaches are highly inefficient and fail to ensure regulatory compliance.
The UBO Discovery Agent offers teams a better alternative, extending Trulioo's existing UBO discovery capability, which is based on authoritative registry data, as well as Trulioo's proprietary Business Graph, built from more than 15 years of matching ownership records across global markets. The agent automates business ownership discovery, using governed AI to intelligently reconstruct ownership across jurisdictions and fragmented sources, filling the gaps left by registries.
In early deployments, the UBO Discovery Agent has boosted UBO coverage by 20-80% compared with registry-only research, meaning it identified at least one owner. In the hardest markets, where registry-only lookups return usable ownership data on well under 5% percent of businesses, the Agent has lifted coverage above 90%.
For Trulioo customers, that means fewer stalled onboarding cases, lower cost per case, and the ability to expand into markets like the U.S., Latin America and Asia Pacific — where registries are weakest — without adding a new vendor relationship or additional headcount.
"Registries capture who owns a company on paper. They don't keep up with how fast that ownership actually changes, and in plenty of markets, they were never built to name a person at all, just the next company in the chain," said Zac Cohen, Chief Product Officer at Trulioo. "The UBO Discovery Agent exists for the moment a registry runs out of answers. It isn't a general model pointed at the open web: it's built with jurisdiction-specific logic for how ownership actually gets recorded, market by market. It researches ownership the way a skilled analyst would, at a scale no analyst team can match. And when it can't find a defensible answer, it says so instead of guessing. That's the difference between an answer compliance teams can defend and one they just got quickly."
One of the world's largest social commerce platforms is the first enterprise customer to deploy the UBO Discovery Agent, rolling out across Malaysia, Vietnam and the U.K. starting in July 2026. All three are difficult markets for ownership research, and in a head-to-head evaluation, Trulioo led every one of the customer's priority markets on coverage. The Agent was the deciding factor: the sole viable solution in one market and the top-performing source in the other two.
With a compliance-first architecture, the Agent is built to deliver results that regulators can trust. Every finding is anchored in verifiable, cited evidence from four rigorous source categories: official registries, commercial data providers, legally mandated disclosures, and open-source intelligence, and never relies on inferred guesswork. By providing a transparent, evidence-based audit trail for every ownership determination, the Agent empowers teams to maintain ongoing regulation readiness.
The UBO Discovery Agent is the latest expansion of Trulioo's UBO Discovery capability, and the first in a planned series of AI agents Trulioo is building across its identity, fraud, and business risk platform, aimed at doing the investigative work compliance teams have historically had to do by hand.
About Trulioo
Trulioo is the connected risk intelligence platform for fraud and financial crime, trusted by global enterprises to verify identities, prevent fraud and manage business risk. 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 combat fraud and reduce business risk exposure through hundreds of predictive risk signals, consortium data and industry-specific machine learning models. Trulioo combines proprietary technology with regional expertise to deliver verification and risk decisions on one platform, in any market globally.
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