Sumsub, a global verification platform, has partnered with OneID, a UK Government-certified identity provider, to introduce Non-Document Verification in the UK. This solution enables businesses in various industries, including fintech, crypto, ecommerce, online gaming, and transportation, to securely onboard users using official bank records while ensuring compliance with UK regulatory standards.
Key points about Sumsub’s Non-Document Verification solution:
- Global Availability: Sumsub’s Non-Document Verification is already available in several countries, and this partnership extends its reach to the UK.
- Document-Free Verification: Users can complete the identity verification process without uploading identity documents, streamlining the onboarding process.
- Bank Data Collaboration: The solution relies on collaboration with major UK financial institutions, such as Barclays, HSBC, Lloyds, Santander, and more, to provide the necessary data for identity verification.
- Lightning-Fast Verification: Verification typically takes less than five seconds, significantly faster than the industry’s average onboarding time.
- User-Friendly Process: Users select their bank and provide consent for data sharing during onboarding. Sumsub retrieves and verifies the required data, eliminating the need for physical documents.
- Benefits for Clients: The solution offers high conversion rates, simplifies compliance processes, and is customizable to fit each client’s user flow and branding.
Sumsub’s Non-Document Verification aims to set new standards in user onboarding by combining speed, security, and regulatory compliance to create a seamless experience for businesses and customers.
By FCCT Editorial Team