Sumsub has launched its Australia DVS (Document Verification Service) Verification product. The solution provides real-time, government-backed validation of identity documents — including passports, driving licenses, and visas — ensuring compliance with local AML and KYC regulations while reducing fraud and streamlining onboarding processes through automation.
Used by over 2,600 organizations, the DVS is a trusted system powered by government-authorized services. For Australian businesses in need of secure and compliant document and personal data validation, Sumsub’s DVS Verification streamlines user onboarding, ensuring real-time verification. By integrating with DVS, Sumsub will enable new and existing clients to verify Australian users with greater ease and enhanced security.
Key benefits of Sumsub’s DVS Verification include:
- Compliance with Australian regulatory requirements: Helps businesses meet identity verification obligations by providing a reliable, government-backed document validation solution
- Broad document support: Verifies a wide range of Australian identity documents, including Passports, Driving Licenses, and Foreign Passports containing a Visa
- Cost-effective solution: Reduces operational costs by automating document validation, minimizing the need for manual checks, and helping businesses avoid potential penalties for non-compliance
- Quick and accurate results: Instantly provides clear, actionable verification results
- Improved fraud prevention: Detects data inconsistencies and fraud, reducing the risk of identity theft or fraudulent account creation
Australia has emerged as a significant hotspot for identity fraud in the Asia-Pacific (APAC) region. According to Sumsub’s Identity Fraud Report 2024, the country saw a staggering 138% increase in identity fraud from 2023 to 2024, making it the sixth-highest in the region for fraud growth. To combat this alarming trend, the Australian government has been actively driving for enhanced privacy and security in identity verification, urging companies to implement more robust systems to protect consumers. In a decisive move, the government recently introduced the Scam Prevention Framework, which will include penalties of up to $50 million for non-compliance.
“While Australia has been proactive in implementing measures to combat fraud, the fraud landscape in the country remains complex and dynamic, driven by the challenges of a sophisticated, interconnected digital economy,” said Penny Chai, Vice President of Business Development, APAC at Sumsub. “As we deepen our commitment to Australia, the integration of DVS verification into our database validation solution reflects our strategic focus on supporting Australian clients with a secure, government-backed process to stay ahead of evolving threats. Our goal is to help businesses achieve compliance with AML and Know-Your-Customer (KYC) standards while optimizing customer due diligence procedures.”
Sumsub’s growing focus on Australia aligns with its broader efforts to strengthen its presence across the Asia-Pacific region. In 2023, the company established its first APAC headquarters in Singapore, leveraging the nation’s status as a fintech hub and the country’s growing ecosystem of digital assets and fintech businesses. To drive growth in the region, Sumsub appointed Penny Chai as its Vice President of Business Development, leading operations and development in Asia from Singapore. Since then, Sumsub has collaborated with leading firms, including INGOT Brokers, an Australian multi-asset brokerage company, and dtcpay, a leading Singapore-based payment service provider.
Australia DVS Verification is recognized as a reliable electronic data verification method by the Australian Transaction Reports and Analysis Centre (AUSTRAC) under the national AML/CTF framework.
To learn more about Sumsub’s Database Validation solution, please visit: https://sumsub.com/global-database-verification
