KYC software for Philippines
Full-cycle verification
platform for the Philippines
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 Philippine regulations
Meet local AML requirements and guidelines including Republic Act no. 9160.
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 an 87.19% pass rate in the Philippines 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 Filipino 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.
Local Data Processing
Ready to unlock your growth potential beyond the Philippines? Confidently penetrate new APAC markets, even those with the most stringent regulations, when you integrate Sumsub’s LDP. Our comprehensive AML, KYC, and KYB solutions suite processes and stores localized data with automated domain redirecting to give your compliance team a simplistic and intelligent flow. With one centralized hub, accessing analytics, statistics, and billing details is easy, while client data across APAC is safeguarded to keep you compliant.
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 are KYC solutions?
KYC (Know Your Customer) solutions are third-party software that offers identity verification and due diligence processes to businesses. KYC solutions typically include identity verification services, document verification software, biometric authentication tools, risk assessment algorithms, ongoing monitoring systems, and more. KYC solutions are designed to help companies streamline customer onboarding, reduce fraud, and ensure compliance with regulatory standards.
What are the 3 components of KYC?
The three components of KYC (Know Your Customer) are customer identification, customer due diligence (including enhanced due diligence), and ongoing monitoring. Customer identification involves verifying the identity of customers using valid government-issued IDs or reliable documents. Customer due diligence (CDD) assesses the risk associated with a customer to prevent financial crimes. Ongoing monitoring involves updating information regularly to comply with regulations and identify suspicious activities.
What is eKYC?
eKYC (electronic Know Your Customer) is a process that uses digital technology for identity verification. Usually, eKYC allows online submission of electronic copies of documents and personal information as well as the use of biometric data or AI technology for verification. eKYC in the Philippines plays a crucial role in streamlining the process of Philippine ID verification by allowing individuals to digitally verify their identities through online platforms.
What is the best KYC/AML software?
The “best” KYC/AML software to pick depends greatly on the requirements of your business. A proper KYC/AML service offers a range of automated verification and authentication checks, integration options, and high pass rates globally. When choosing, evaluate the onboarding experience, verification accuracy, and compliance standards.
Is there a data privacy law in the Philippines?
Yes. The Data Privacy Act (DPA), also known as Republic Act No. 10173, has been in effect since September 2012.
What is the difference between GDPR and the DPA?
The GDPR applies to the processing of personal data of natural persons, regardless of their nationality or location. By contrast, the DPA applies only to the processing of data within the Philippines or data relating to a citizen or resident of the Philippines.