George Georgiades
Chief Strategy and Risk Officer
NoOnes, a financial communication super app, connecting people from underbanked regions to the global financial system. Their comprehensive marketplace facilitates trading with various payment forms, integrating a Bitcoin wallet as a store of value.
The Challenge
Recognizing the need for robust Know Your Customer (KYC) processes, NoOnes sought a solution that aligns with their commitment to user empowerment and time efficiency.
Why Sumsub?
NoOnes selected Sumsub for several key reasons:
- Unwavering trust: Sumsub's verification checks ensure the legitimacy of NoOnes' users, instilling confidence and peace of mind.
- Actionable insights: Sumsub's analytics provide valuable data, optimize user experience, and inform strategic decisions.
- Swift support: Sumsub's responsive online support team minimizes disruptions by addressing issues promptly.
- Tailored user journeys: Sumsub's flexibility allows the company to configure user flows that match their unique needs.
The Solution
Sumsub's AML Screening and Ongoing Monitoring form the cornerstone of NoOnes' user verification procedure.
Verifying customer identities is crucial, and Sumsub's solutions perfectly address these requirements, providing the confidence and security NoOnes needs to empower their users.
George Georgiades
Chief Strategy and Risk Officer at NoOnes
As we continue to expand our services, we believe that Sumsub's robust verification solution will stand as a key enabler for our success.
Implementation
Integrating Sumsub was a seamless process facilitated by the support of Sumsub's engineers and NoOnes' prior experience with the platform.
The Results
NoOnes has seen impressive results since implementing Sumsub. A significant 95% of the company’s revenue comes from customers who have successfully completed identity verification.
Future plans
NoOnes has ambitious plans for the future:
- Document-free verification in Ghana: The company is excited about enabling Sumsub's document-free verification in Ghana, revolutionizing access to financial services.
- Navigating regulatory challenges: As NoOnes expands into new markets, they anticipate navigating complex regulatory requirements. They are optimistic that Sumsub's expertise will ensure seamless compliance wherever they go.
George Georgiades
Chief Strategy and Risk Officer at NoOnes
The success of document-free verification has the potential to broaden our reach, particularly in regions where access to traditional identification documents is limited.
