Sumsub teams up with Exmo to improve customer onboarding and swift KYC

The crypto exchange for traders, EXMO, just announced that it has teamed up with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients.

Sumsub’s AI-based solution automates identity verification and antifraud, providing compliance to relevant regulations and AML screening. New verification procedure enables a hassle-free online experience by asking users to submit a couple of pictures, reducing the check time to 2 minutes.

Sumsub solution comes with a dashboard, an all-in-one CRM system for compliance officers to manage, monitor and make the final decisions for each applicant. The dashboard will enable EXMO to generate automatic reports for their financial authorities, applicable laws and regulations.

Integrating Sumsub will optimize the overall verification costs and improve our relationships with clients. The onboarding process time will be decreased to a couple of minutes while the security will become more robust. With Sumsub solution our compliance officers will manage their time effectively, brainstorming over important issues that conquer new heights in terms of company development. Not to forget about automatic reporting that will save us the nerves of worrying to miss out on regulatory demands,” commented Sergey Zhdanov, CEO at EXMO.

EXMO will also integrate theTelegram Passport with the identity verification support from Sumsub. The idea is that with the Telegram Passport you can register in any service that requests your ID data for verification with only one touch of the screen. It allows to save passport data and other documents to Telegram while the service itself will not have access to the data — they will be encrypted on the user’s device.

We are thrilled to announce our partnership with EXMO. Sumsub swift, engaging identity verification and legal expertise perfectly corresponds with the EXMO exchange platform needs in absolute security and lightning fast onboarding that drives conversion rates up, fostering the clients’ loyalty,” explained Jacob Sever, Co-founder at Sumsub.

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