KYC/eKYC solution provider for Malaysia
Full-cycle verification
platform for Malaysia
Get one verification platform to cover all your verification needs, including KYC/AML, KYB (Know your Business), Transaction Monitoring, Fraud Prevention, and Travel Rule solutions for virtual asset providers. Simplify verification for you and your users.
Comply with Malaysian regulations
Easily meet legal requirements inclusing those imposed by Central Bank of Malaysia (BNM).
Safeguard your revenue
Get multilayered protection to prevent all types of synthetic identity fraud, identity theft, and document forgery.
Get more paying users globally
Offer seamless user onboarding to get a 96.59% pass rate in Malaysia and top rates worldwide.
Secure every step of the customer journey
Orchestrate verification checks, code-free. Place checks at any stage of the customer journey for top anti-fraud protection and pass rates worldwide
User Verification
Verify customers fast and in compliance with local regulations. Perform ID and address verification, liveness checks, AML screening, and more. Streamline the user journey with interfaces in Malay and 40+ Asian and other languages.
Business Verification
Get the full KYB done within minimum 3 hours. Run automated AML and registry screening and get assistance from our compliance experts for a more thorough ownership and control structure analysis. As a plus, assess the AML risk and the economic profiles of clients using customizable questionnaires.
Transaction Monitoring
Automatically detect suspicious activity and transactions in real-time and generate ready-to-file Suspicious Activity Reports (SAR/STRs). Sumsub’s AI technology actively uses a pattern analysis that can uncover even the most well-hidden money laundering schemes and criminal groups.
Fraud Prevention
Ensure multilayered fraud protection throughout the whole user journey. Our AI-powered solution detects red flags and acts on them with extra checks in real-time, so you stay protected from all kinds of fraud including account takeover, multi-accounting, and unauthorized payments.
Let the numbers do the talking: get 240% ROI
Сompanies that work with Sumsub identity verification software save costs and increase revenue, according to the “Total Economic Impact™ Of Sumsub’s Verification Platform study by Forrester Consulting. Let’s see what results you can get
240%
ROI
3.21M
NPV
4.55M
Benefits PV
< 6
months payback
Easily integrate your tech stack with Sumsub
Use Sumsub to integrate the services you need via Web SDK, Mobile SDK, or our RESTful API. Alternatively, you can use Unilink to onboard users via a QR code or a link to the verification form without integrating Sumsub at all. Don’t worry about interruptions with 99.996% uptime.
Don’t take our word for it.
Here’s what our clients have to say
CEO at ChainUp
As a strategic partner, we have recommended Sumsub’s KYC/AML solutions to our clients for deployment alongside our white-label solutions. Our clients have provided positive feedback on Sumsub’s extensive database, automated systems, and robust compliance and risk management features.
Product owner at Mercuryo
Working with Sumsub, we value responsive support, fast and easy integration, flexibility and willingness to provide customized features. For us it’s a turnkey solution that allows us to focus on the most critical tasks using their ready-made product.
COO at Exness
competence in this area complement our existing compliance routines very well. They have been able to customize client due diligence process to fit our specific flows and need.
Choosing Your Ideal Solution?
Sumsub is G2's Top Pick. See how we excel beyond our competitors in key areas,
as validated by user reviews on G2
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.
FAQ
What is e-KYC in Malaysia?
e-KYC (electronic Know Your Customer) is a process that uses digital technology for identity verification. Usually, companies use e-KYC solution providers that allow online submission of electronic copies of documents and personal information as well as the use of biometric data or AI technology for verification. Furthermore, it can also involve accessing digital official databases. e-KYC in Malaysia enables quicker, more convenient, and more efficient identity verification compared to traditional KYC methods due to its automation aspect.
Is KYC mandatory in Malaysia?
KYC is one of the many procedures that make up Anti-Money Laundering (AML) compliance, which covers all the measures used by financial institutions and governments to combat financial crimes. Since KYC falls within AML requirements, any AML-obligated business must perform KYC procedures. Typically, these are financial institutions, crypto businesses, and gambling platforms that offer their services on a constant and unlimited basis.
What is the Malaysian digital identity?
The Malaysian national digital identity, known as MyKad, is a government-issued smart identity card. MyKad contains biometric data, such as fingerprints and a photograph, making it a reliable form of identification for online transactions and accessing digital services. Hence, KYC in Malaysia often involves verifying MyKad. Also, verification processes may include cross-referencing the information on the MyKad with other databases to confirm the individual's identity.
What is the verification of digital identity?
Digital identity verification is the process of confirming that an online entity is who they claim to be. This often involves validating a person's identity using various methods such as government-issued IDs, biometric data, or personal information. By verifying digital identities, businesses and organizations can ensure the security of online transactions, prevent fraud, and comply with AML regulations. In Malaysia, identity card check is the main form of digital identity verification.