How Exness Consolidated AML Compliance With KYC and Fraud Protection, Slashing Costs in Half
document recognition coverage (including specific Asian IDs)
of ongoing compliance tasks
300 billion+ monthly trading volume
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.
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.
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
“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
KYC/AML & onboarding