KYC Compliance Solution for Hong Kong

Welcome more verified users worldwide

Stay compliant with Hong Kong Monetary Authority’s guidelines using KYC, Business Verification, Ongoing AML, Transaction Monitoring, and Travel Rule solutions to make verification easy for your users.

Get high pass rates and comply with laws in Hong Kong

With an average pass rate of 97.89%, secure all your verification needs while staying compliant with HKMA guidelines.

  • Fintech: Achieve 240% ROI and <6 months payback; get handy case management tools for sophisticated frauds.
  • Crypto: Find the perfect balance between compliance and pass rates with a secure and global verification solution.
  • Trading: Onboard more traders in <30 secs with automated user verification flows and reduce KYC/AML costs by 40%.
  • Ecommerce: Convert more users with biometrics, get a 97% hit rate, encourage repeat transactions with a friendly UX.
Get high pass rates and comply with laws in Hong Kong

Onboard more honest users

With short and clear user journeys, drop-off rates are minimized.

  • Localize user journeys with 38+ languages, including Chinese, Malay, Korean, Japanese, Thai, Vietnamese, and more.
  • Build the verification steps you need. We’ll help you pick the right conditions, levels, triggers, actions—free of charge.
  • Enhance your verification process with KYC, AML, Liveness, Face Match, and proof of address checks to ensure verification that yields top results.
  • Download data and logs to prepare for audits and report to regulators; solve all compliance tasks in a single dashboard.
Onboard more honest users

Stop losing money on fraud

Provide your compliance and risk teams with a powerful tool to secure every transaction. Deter financial fraud, identify suspicious activity instantly, and maintain impeccable compliance.

  • Reveal risky clients by assigning behavioral risk scores and checking an internal list of 1m+ fraudsters.
  • Don’t lose money on undetected money laundering and fraud. Detect all red flags in real time.
  • Reduce false positives without compromising on compliance. Honest users in, money launderers out.
  • Combine KYC/AML, transaction monitoring, and fraud prevention to detect and report suspicious activity.
Stop losing money on fraud

Need the Ideal Solution?
Choose G2's Top Pick

Compare and see how we excel beyond our competitors in key areas, as
validated by user reviews on G2

Secure every step of the customer journey

Easily orchestrate the verification flow to suit your onboarding optimization efforts, risk levels, internal policies, and compliance requirements, code-free.

Automate verification steps
to fit your AML policy

Build verification flows according to user risk profiles, automatically run extra checks based on applicant actions, and set up triggers for manual case review. All without writing a single line of code.

img

Easy integration with your stack

Integration via web SDK, mobile SDK, or our RESTful API, with an uptime of over 99.5%. Connect Sumsub to all of your tools.

iOSAndroidFlutterCordovaReact
title

See Sumsub in action

Tell us about your business goals and we’ll come back with a tailored solution. That's how we build solid compliance.

By clicking the button you agree with ourPrivacy Notice

FAQ

  • What is KYC in Hong Kong?

    Hong Kong’s financial institutions are required to conduct KYC checks when onboarding customers. The guidelines detailing the KYC procedure are issued by the Securities and Futures Commission (SFC). For individual customers onboarded remotely, businesses typically must verify their full name, date of birth, nationality and unique ID number.

  • What is a KYC/AML service?

    KYC stands for Know Your Customer. KYC is a process that allows financial organizations to verify the identity of individuals and businesses they work with. KYC is required in order to comply with AML (anti-money laundering) rules. A KYC/AML service is designed to perform identity verification, thus allowing your business to meet compliance requirements and prevent fraud.

  • How does AML software work?

    AML software filters and analyzes customer data to assign an appropriate level of suspicion. In other words, AML software allows financial institutions to screen their users for suspicious activity that could indicate money laundering.

  • What is transaction monitoring?

    AML transaction monitoring is the process of screening customer transactions for signs of money laundering activity. This process involves the assessment of current and historical customer data, including transfers, withdrawals, and deposits, for discrepancies. Suspicious activity involves income from undeclared sources, the use of false social security numbers, and a large number of transactions under $10,000, among others.

Sumsub logo

© Sum and Substance Ltd (UK), 2015-2024. All rights reserved.
Privacy NoticeCookie PolicyTerms & ConditionsTerms Of UseCCPA NotificationData Disposal And Destruction

Data Protection Registration Number: ZA222205. Company Registration Number: 09688671. Address: 30 St. Mary Axe, London, England, EC3A 8BF