Global verification provider Sumsub today announced the launch of Non-Doc Verification in the US.
This solution reduces fraud-related attacks by 75%, covering over 292 million active mobile users, and can also be applied to international customers looking for US-based applicants, including those in the UK, Hong Kong, Singapore and the United Arab Emirates.
Documentless verification provides frictionless customer onboarding that is six times faster compared to document-based KYC. It eliminates the need for users to manually enter their data, reducing errors and improving data quality. Paperless verification is safer and more secure for US applicants as they do not need to share their SSN (Social Security Number) or upload ID scans.
“Paperless verification is Sumsub’s flagship product, poised to set the future standard for digital verification, surpassing traditional document-based checks. Similar to how electronic payments revolutionized money transfers, paperless verification is at the forefront of innovation in the digital verification landscape,” comments Vyacheslav Zholudev, CTO and co-founder of Sumsub.
“This user-friendly and comprehensive solution eliminates the need for users to share their documents, catering to applicants with poor quality cameras or those with old or damaged documents that are usually rejected during KYC processes. By popularizing paperless onboarding practices, we are making digital services more accessible globally, aligning with Sumsub’s mission in the digital world.”
Paperless verification helps businesses guarantee the authenticity of user identification with the same level of security as traditional KYC. It also ensures a quick, smooth onboarding process with just a few clicks.
This is how it works:
- The applicant begins the onboarding process by providing a phone number and date of birth
- The user performs a quick mobile authentication with a one-time password (OTP) check.
- Sumsub extracts pre-verified user information using mobile phone data from US telecom providers
- The applicant sees the verification confirmation on their screen
- The client company can check whether the user’s data is authentic and up-to-date and determine the trustworthiness of the users
Paperless verification provides a secure, reliable and user-friendly onboarding experience for applicants, while successfully preventing fraud during key transactions: Account opening, depositing, transferring and withdrawing money. For digital payment providers, e-wallets and iGaming platforms, it reduces promotion and bonus abuse – as it prevents duplicate accounts, bot traffic or payments to fake users. In financial services, paperless verification ensures an improved digital credit card onboarding experience.
Sumsub’s Non-Doc Verification solution is already available to onboard over 2 billion users worldwide, including countries such as the UK, Netherlands, India, Brazil, Indonesia, South Africa, Nigeria and more.