Sumsub
The Sumsuber

Best practices for KYC/AML

2019-04-15
< 1 min read

Document Verification

Document verification is the procedure of checking that an ID or a supporting document, provided by a user is genuine and truly belongs to him/her. 

Document verification helps to reduce the risks related to identity theft and fraud, comply with local regulations, and avoid financial and reputational losses. 

Fields of Application

  • KYC/AML Compliance
  • Proof of Address
  • KYC/AML Account Opening
  • Corporate clients check

The Sumsub document verification service is able to capture and validate over 4 500 documents from 150+ countries, including utility bills, driving licenses, residence permits, government-issued IDs, etc.


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How it works

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Capture

The document is scanned with a smartphone of any model

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Data Extraction

The system accurately extracts the data in all major languages, including Chineese, Korean and Japanese

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Security features

Matching the identity information against various databases, sanctions registers, and blacklists

Let’s do it the Sumsub way!

  • Competently: Choose fully automated or human-assisted verification, depending on your risk criteria 
  • Quickly: 97% hit rate in around 60 seconds 
  • Safely and securely: All customer and related data is encrypted and protected, in accordance with GDPR, PDPA, and CIS (FZ-152) 

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