Sumsub’s Services
Sumsub offers customized solutions for Know Your Customer (KYC), Know Your Business (KYB), Transaction Monitoring, and Fraud Prevention. These services simplify the verification process for clients across a wide range of industries including fintech, cryptocurrency, transportation, trading, e-commerce, education, and gaming.
Collaboration with Data Zoo
This strategic partnership combines Sumsub’s suite of compliance solutions—focusing on verification and anti-fraud measures—with Data Zoo’s extensive global data capabilities. Data Zoo specializes in identity verification for financial institutions, payment platforms, and fintech companies, allowing them to verify identities across more than 170 jurisdictions using multiple authoritative sources.
Addressing Regulatory Demands
As financial institutions face increasing regulatory pressures and sophisticated fraud tactics, easy access to reliable data is crucial. Companies in various industries must navigate stringent requirements while managing fragmented data systems. Together, Sumsub and Data Zoo aim to offer an end-to-end solution.
Enhancing Data Capabilities
Sumsub helps customers efficiently onboard new users, conduct AML screenings, verify business clients, and monitor for fraud and suspicious transactions through a single platform. Data Zoo will boost Sumsub’s data capabilities by providing checks that identify authentic customer behavior and prevent malicious actors from accessing customer systems.
By improving their data security and verification processes, this collaboration supports financial institutions in meeting industry regulations and helps maintain reputation, protect against security threats, and reduce operational inefficiencies. This partnership ensures efficiency in customer onboarding while Sumsub’s solutions support mitigating potential fraud-related expenses that could impact financial performance.
