Sumsub Announces New Partnership with AML Incubator to Streamline Identity Verification

AML Incubator selects Sumsub as their strategic partner for effective customer onboarding

Today Sumsub announces a strategic partnership with AML Incubator, one of the leading anti-money laundering (AML) and regulatory compliance outsourcing companies in Canada providing solutions and consulting services across various countries including the U.S., EU and Canada.

The partnership enables Sumsub to offer AML Incubator onboarding and monitoring products as a seamless integration within its platform, providing AML Incubator Fintech clients with enhanced user and legal entity verification capabilities. This allows them to streamline onboarding processes and make verification flows more efficient, while ensuring AML compliance with regulatory requirements.

Under the terms of the partnership, AML Incubator will integrate Sumsub’s verification platform into its existing systems, providing customers with a comprehensive onboarding solution including KYB (Know Your Business), KYC (Know Your Customer) and AML checks, transaction monitoring, and more. Sumsub will leverage AML Incubator’s expertise in regulatory compliance to improve its platform’s functionality and deliver additional value to customers.

“Strategic partnership with Sumsub brings a synergy of our expertise and Sumsub’s industry-leading verification platform. We are highly optimistic about streamlining the onboarding process for our esteemed clients, ensuring compliance with evolving regulations, and effectively mitigating risks,” stated Tigran Rostomyan, Founder of AML Incubator.

“Becoming strategic partners with AML Incubator is a great milestone for Sumsub,” added Andrew Sever, co-founder and CEO of Sumsub. “Our platform is designed to simplify and streamline the onboarding process for businesses while ensuring the highest level of compliance. Partnering with AML Incubator enables us to further enhance our product offering and enrich our compliance expertise in North America and beyond.”

About AML Incubator

AML Incubator is a fractional compliance outsourcing company, specialising in delivering compliance outsourcing services to Fintech, MSBs, VASPs and various other industries. With a proven track record of success, AML Incubator assists in overcoming any regulatory compliance challenges that may arise, allowing companies to focus on their core business.

About Sumsub

Sumsub is a full-cycle verification platform securing the whole user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Binance, Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy, and TransferGo.

  • September 7, 2023
  • Corporate

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