The future of verification is non-documentary.
This means streamlining onboarding solutions that enhance your user’s experience and boost your pass rates – all while staying compliant.
Regulatory support, such as AML legislation (FATF Recommendation 10), encourages non-documentary verification, creating opportunities beyond traditional norms. gu
Download this guide to learn which jurisdictions allow non-documentary verification. Plus, check where you can onboard users with Sumsub’s Non-Doc Verification product, whose compliance is confirmed by an independent audit from FINTRAIL.
In this guide you will learn:
- How Non-Doc Verification works
- Which countries consider document-free verification to be compliant, and the results of the FINTRAIL audit of Non-Doc ID Verification
- How to apply Non-Doc Verification: Real-world cases
- How document-based verification compares with non-documentary alternatives
Highlights: The financial sector is leading the digitalization wave, accepting document-free procedures for Customer Identification Programs (CIP) in compliance with the Bank Security Act (BSA). Even in gaming, FinCEN grants regulatory relief, allowing “non-documentary” identification verification for casinos.
In regions like Africa, document-free verification proves indispensable, combating rampant fraud and overcoming challenges posed by poor-quality documents. Globally, this innovative approach is gaining momentum, ensuring compliance and driving business growth. Experience the future of verification with proven results.
Happy reading.
