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Sumsub: Expands to the US, bringing new services to local customers | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Sumsub: Expands to the US, bringing new services to local customers

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

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