Full-cycle verification platform Sumsub has introduced its Non-Document Verification solution in the UK. Through this integration, customers across the fintech, crypto, ecommerce, online gaming, and transportation industries can securely onboard their users via official bank records.

This enables a near-instant identity verification process while remaining compliant with UK regulations. Non-Document Verification is also currently available in Nigeria, Brazil, Argentina, Indonesia, Ghana, Bangladesh, India, and the Netherlands. Non-Document Verification’s features The solution has been developed through a strategic partnership with OneID, a UK Government-certified identity provider.

OneID supports users during their verification process, ensuring compliance with personal data regulations. Through this, Sumsub can provide document-free verification for 95% of the adult population, facilitating customer identity verification via data from major financial institutions. These include Barclay, Bank of Scotland, Chase, First Direct, Halifax, HSBC, Lloyds, MBNA, Monzo, Nationwide, NatWest, RBS, Santander, Starling, TSB, Ulster, and Virgin Money. The Non-Document Verification solution offers several benefits for clients, including a fast verification process, without the need to upload their identity documents.

During the onboarding process, users need to select their bank and are directed to its page to log in to their bank account. After they provide consent for personal data sharing, Sumsub instantly retrieves and verifies the required data. Document-free verification may lead to a minimised drop-off rate and to increased conversion rates due to the enhanced user experience. Sumsub simplifies the process with a user-friendly, code-free approach, enabling customer compliance teams to adapt to diverse regulatory and country-specific needs.

This is done through its Workflow Builder and web software development kit (SDK) integration, eliminating the need for in-house developers. Sumsub allows its costumers’ teams to integrate its solutions into their own user flow while incorporating their own corporate branding into the SDK and interface for end-users. Moreover, Sumsub ensures that the non-document verification process is secure from fraud and misuse, due to its electronic identification technology. About Sumsub With Sumsub’s customisable KYC, KYB, transaction monitoring, and fraud prevention solution, companies can organise their verification process, while meeting compliance requirements and reducing costs.

Recently, the company entered multiple partnerships, including one with dtcpay. The collaboration’s objective is to improve the security and reliability of digital currency payments in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe. Moreover, at the beginning of September 2023, Sumsub partnered with AML Incubator, a regulatory compliance outsourcing company, to simplify identity verification. Through this alliance, Sumsub provides AML Incubator with onboarding and monitoring products as integration within its platform, offering the latter’s fintech clients enhanced user and legal entity verification capabilities.

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