FINTRAC-compliant document-free onboarding solution enables businesses to verify Canadian users in seconds.

Sumsub has introduced its Non-Doc Identity Verification solution to Canada, designed to streamline customer onboarding while ensuring compliance with FINTRAC’s AML/ATF regulations. This innovative solution eliminates the need for document uploads, offering businesses in traditional finance, gaming, fintech, and more a frictionless way to verify user identities.

Non-Doc Identity Verification in Canada allows businesses to onboard users swiftly and securely by leveraging both the Credit file and Dual-process methods. Verification of the customer identity includes matching their name, address, and date of birth against recognized credit-reporting banking and telecommunication sources. With seamless integration and compliance at its core, the solution enables Canadian businesses to reduce operational costs, improve conversion rates, and mitigate fraud risks.

Sumsub’s solution covers more than 80% of Canada’s adult population and aligns with FINTRAC’s stringent requirements, making it ideal for compliance officers, operations managers, and risk managers seeking efficient, secure onboarding processes. By automating the verification and removing the need for document uploads, businesses can enhance their user experience while adhering to regulatory demands.

Key benefits of the integration include:

• Fully compliant with FINTRAC AML/ATF regulatory guidelines.
• Coverage of over 80% of Canada’s adult population with a single solution.
• Document-free onboarding that maximizes customer conversion rates.
• Prevention of fraud through the use of verified data records from credit, banking, and telecommunication sources.
• Simplified integration via user-friendly API and SDK for rapid deployment.

“This is a game-changing solution that will empower businesses to confidently navigate Canada’s regulatory landscape. By removing the friction of document uploads, we’re enabling companies to streamline their onboarding processes, improve conversion rates, and enhance fraud protection,” said Andrew Novoselsky, Chief Product Officer at Sumsub. “This launch reflects our ongoing commitment to providing innovative, trusted solutions that not only drive efficiency but also ensure the highest standards of compliance. With this, businesses serving Canadian users can scale with confidence, stay ahead of evolving regulations, and strengthen trust with their users.”

With its automated workflow, the solution not only speeds up onboarding but also reduces drop-offs and ensures compliance with minimal effort from compliance teams.

Additional key benefits of document-free VS document-based verification include:

• Faster and more convenient user onboarding: verification time is reduced from 30 seconds to 4.5 seconds on average;
• Enhanced productivity and simplified case management with automated user data extraction and immediate updates, resulting in 53% reduction in verification processing time.
• As a result, companies see +35% growth in customer pass rates (with as high as x2 increase in some cases);
• Opportunities for business growth and scaling to emerging markets thanks to over 95% population coverage in each country.

For more information about Sumsub’s Non-Doc Identity Verification product, visit https://sumsub.com/non-doc-verification.