With fraud on the rise and regulations tightening, Hifi is integrating Sumsub’s tools directly into its stablecoin and banking rails, ensuring security and scalability for cross-border money movement at global scale.
Hifi, the programmable payments and stablecoin infrastructure built for the next chapter of the money movement, has adopted Sumsub’s solutions. Hifi now uses Sumsub for identity checks, business verification, fraud prevention, and AML screening. The collaboration helps Hifi clients onboard instantly, stay compliant seamlessly, and scale confidently.
Demand for stablecoin-based infrastructure is accelerating, with an estimated $1 trillion adoption by 2030. At the same time, regulators are tightening oversight of digital assets and cross-border payments. Financial institutions need systems that match the speed of modern finance while staying aligned with evolving compliance requirements. Hifi’s use of Sumsub helps meet that need.
Hifi brings together U.S. banking, stablecoins, and custody services in one streamlined platform. As more institutions moved money across both traditional and digital rails, the company needed a compliance solution that could keep pace. With Sumsub, Hifi delivers fast onboarding, risk reduction, and real-time verification, giving clients the control to operate securely across markets.
“Hifi is tackling one of the biggest challenges in finance today: moving money seamlessly between banks, stablecoins, and custody,” said Anastasia Shvechkova, Business Development Director, Americas at Sumsub. “That only works if compliance and security keep up. Fraudsters are using AI to probe every gap, which means we have to fight AI with AI. By integrating our verification and fraud controls into Hifi’s platform, institutions get speed without losing trust. They can expand across markets knowing every transaction is protected in real time.”
The threat landscape is sharpening. According to internal Sumsub data, in Q1 2025, synthetic identity document fraud in North America rose by 311 percent, while deepfake-driven attacks spiked by 1,100 percent. Also, synthetic identity fraud in North America surged 311 percent in Q1 2025. Across crypto, lawmakers are moving quickly in response. In July, the U.S. passed its first federal stablecoin law––the GENIUS Act––which requires issuers to hold one-to-one reserves in dollars or Treasurys, bans yield-bearing stablecoins, and designates issuers as financial institutions under the Bank Secrecy Act, subjecting them to strict AML and KYC requirements.
The momentum goes beyond stablecoins. Congress also advanced the CLARITY Act, giving the CFTC clearer authority over crypto markets, and the Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from issuing a central bank digital assets is maturing––raising the bar for compliance and underscoring the need for systems like Sumsub’s to help institutions adapt.
Where Banking Meets Blockchain
Hifi platform provides institutions with unified access to traditional banking rails, stablecoin, such as USDC issued by Circle, infrastructure, and enterprise-grade treasury management system. Sumsub’s technology is embedded directly into these systems, helping clients stay compliant and protected from fraud from day one, wherever they operate.
“Our mission at Hifi is to make programmable money movement as seamless as sending an email,” said Zach Walsh, CEO and co-founder of Hifi. “Institutions don’t just want faster rails, they want assurance that every transaction meets the highest standards of trust. With Sumsub built directly into our platform, clients get compliance without friction, and they can focus on building the next generation of financial services instead of fighting fraud. The future of finance depends on bridging traditional banking with digital assets.”
