Exploring Possibilities: Which Industries Could Incorporate Non-Document Verification for Advantage and Under what Circumstances?
In an exciting development, Sumsub, a leading provider of data intelligence solutions, has announced a new bi-weekly Q&A series. This interactive event will bring together experts from various fields, including legal and technology, to discuss a range of topics.
Leading the discussion this week is Vainius Fedotovas, the Head of Data Intelligence at Sumsub. Vainius will delve into the applications and benefits of Sumsub's Non-Doc Verification solutions, a groundbreaking technology that is revolutionising identity verification across multiple industries.
Sumsub's Non-Doc Verification solutions are designed to enable identity verification without the need for traditional document uploads. This innovation is particularly beneficial in both regulated and unregulated industries, offering solutions for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, decentralised identity verification in Web3 and crypto, age verification, and risk-based identity verification in unregulated environments like non-custodial crypto exchanges.
The benefits of these solutions are manifold. They offer reduced user friction by allowing the reuse of documents from previous successful KYC checks. They also provide flexible integration and customisation, with white-label customisation, SDKs, dashboards, and iFrame integration, all adaptable to client branding and workflow needs.
Moreover, Sumsub's Non-Doc Verification solutions automate compliance processes for mid-sized companies, combining identity verification with continuous monitoring and a case management system. They employ techniques such as facial liveness and facematch with privacy-preserving methods to verify identity without storing sensitive images, enhancing privacy and compliance in both regulated and decentralised scenarios.
The solutions are competitively priced and offer global database coverage, with ongoing improvements in AI capabilities and geographic reach. They also incorporate automatic identity verification and fraud detection mechanisms to ensure reliability for age checks and other identity verifications without manual supervision.
Audience members are encouraged to submit their own questions for the series, making it a truly interactive and engaging event. New answers will be posted every other Thursday, ensuring a steady stream of insights and information.
The Q&A series can be followed on Instagram and LinkedIn, making it easily accessible for all interested parties. So, mark your calendars for the upcoming discussion with Vainius Fedotovas and stay tuned for more insights into Sumsub's Non-Doc Verification solutions.
Finance professionals in multiple industries can explore the applications and benefits of Sumsub's Non-Doc Verification solutions, which are designed to streamline identity verification processes and provide solutions for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. These solutions are particularly beneficial in finance-related industries due to their competitive pricing, global database coverage, and ongoing improvements in AI capabilities.
