Sumsub: Expands to the US, bringing new services to local customers
- Sumsub, a regtech company that helps businesses stay compliant and fight digital fraud, establishes its first US office in Miami
- Now local clients can add Social Security Number (SSN) checks to verify users through Social Security records
- SSN verification also enables background checks, which can immediately spot customer red flags, including bankruptcies, liens
- The global identity verification market is expected to see year-on-year growth of 24% over the next four years
- On top of this, many US businesses already operate globally or plan to expand to foreign markets
- Developed a product that allows companies to stay compliant with varying KYC, KYB and AML regulations