How Exness Consolidated AML Compliance With KYC and Fraud Protection, Slashing Costs in Half

With Maria Fedorova, COO


Hit rate

5-10 mins

Onboarding time


document recognition coverage (including specific Asian IDs)

Enhanced efficiency

of ongoing compliance tasks


Exness was founded in 2008 by a group of like-minded professionals in the area of finance and information technology. It soon became one of the world’s leading online forex brokers and today is known for some of the best trading conditions in the industry. Exness’ mission is to deliver a reliable, trustworthy and customer-focused trading experience in a transparent and secure environment. Thousands of trading accounts each month.

300 billion+ monthly trading volume

500+ employees


Limassol, Cyprus

Products used


Trading market giant, Exness, regulated by the FCA, FSA and CySEC, wanted to acquire a single scalable automated solution with a robust environment to meet compliance demands.

Since Exness is a global company with offices in Cyprus, UK and the Seychelles, their international coverage required an automated KYC solution suitable for multiple-country use.

The Challenge

Exness conducted market research to find KYC/AML providers that could match their extensive international coverage. The main criterion was a unified solution with a single flow that had to:


Work across regulated jurisdictional coverage with different requirements, with completely different flows and documents, that users have to submit;


Manage user flow masses;


Be a powerful technological product that is GDPR compliant, backed by the support of experienced compliance advisors;


Elevate conversion rates to a new level while perfectly aligning with each regulation.

“We researched the market for KYC platforms and considered subscribing to many different databases. The project took on an immense scale with separate technical flows for each jurisdiction, which made KYC very challenging.” – Maria Fedorova COO at Exness

Why Sumsub?

It took Exness a lot of research and meetings before finally choosing Sumsub. The main criteria that drove their decision:

Established presence in Cyprus and the trading industry


Compliance proficiency and legal expertise in FCA, CySEC and MFSA


Custom-made product for trading


Powerful dashboard with broad functionality


24/7 client support

The Solution

“Sumsub’s specific competence in this area complement our existing compliance routines very well. They have been able to customize KYC document screening to fit our specific flows and needs.” – Maria Fedorova (COO) – Exness.


Dashboard – all-in-one compliance office workplace

The Sumsub dashboard allows Exness to choose their workflow out of fully automated, semi-automated and agent-assisted verifications. It’s also possible to manage and control bulks of applicants: their status, history, reasons for being approved or declined. The solution documents each decision’s history and produces reports following FATF guidelines used in AML/CFT reporting worldwide.

KYC/AML & onboarding

The solution provided all jurisdictions with a risk-based approach to verification, compliant with respective rules and regulations, with corresponding support for each region. Monitoring across jurisdictions and multiple databases including PEP, sanction lists and adverse media, enabled Exness to better single out non-compliant users.

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