Sumsub, a global full-cycle verification provider, today announced that its paperless identity verification solution is available in Norway and Denmark, making it now accessible to over 2.9 billion people across four continents – Africa, Eurasia, North and South America.
Paperless verification allows companies to onboard users in just 4.5 seconds on average, while effectively keeping fraudsters at bay and remaining fully compliant with local and international regulations.
Sumsub’s Non-Doc Identity Verification solution is designed to serve online businesses across a range of industries, including fintech, crypto, commerce, traditional finance, gaming, EdTech, mobility and shopping. By leveraging authoritative sources such as government databases and bank-provided credit account information, the solution ensures secure and compliant integration across jurisdictions, including developing economies where some people have been unable to access digital services due to the absence or poor quality of services their. paper documents.
Key points of the upgraded solution include:
- No documents required: The solution enables user verification without requiring applicants to upload or display physical documents such as IDs or driver’s licenses, offering a faster and more user-friendly experience for customers with minimal authentication steps.
- Speed and Conversion: The solution’s ability to perform instant data enrichment with minimal user input enables fast and user-friendly verification that ultimately benefits businesses. With an average 53% reduction in user onboarding time and a 35% increase in applicant conversion rates, companies can quickly scale and gain access to new market segments.
- Global Coverage: Sumsub’s Non-Doc solution currently supports 13 countries including USA, Argentina, Bangladesh, Brazil, India, Indonesia, Kenya, Nigeria, South Africa, Netherlands, Norway, Denmark and the United Kingdom. Upcoming additions include Hong Kong and Ivory Coast. Direct links to government databases allow Sumsub Non-Doc to cover over 95% of the population in these countries.
- Digital Inclusion: The Non-Doc solution provides legitimate users from developing economies who have historically had low-quality paper documents access to a wide range of digital products and services that they would not otherwise have, under standard verification. This revolutionary KYC method helps reduce social and economic inequality in a world where 850 million people do not have IDs.
- Regulatory compliance and security: The solution meets legal requirements, including AML (Anti-Money Laundering) and CDD (Customer Due Diligence) regulations, in regions such as Australia, Canada, Cyprus, Hong Kong, Malta, Seychelles , South Africa, the British Virgin Islands, the United Kingdom and the United States. Trusted data sources (government databases, eID, open banking) guarantee the security of documentless verification.
The documentless incorporation process is simple and fast:
- First, the user provides relevant identity data, such as their CPF number in Brazil.
- Second, Sumsub extracts a pre-authenticated user record and confirms it via biometric or device authentication.
- Finally, the applicant quickly goes through the verification process, while the client company receives an enriched user profile.
- Finally, in less than five seconds, businesses get a complete applicant profile enriched with reliable data. The solution can be implemented at various points in the user journey, from standard onboarding to post-KYC verification and continuous monitoring.
In addition, the new solution includes Undocumented Address Verification for applicants in 37 countries. This feature extracts and verifies users’ address data, i.e. their officially confirmed residency, from secure databases in seconds.
“Non-Doc is the future of global identity verification simply because it enables businesses to securely board legitimate users regardless of their country of origin – making lightning-fast, barrier-free verification a reality,” comments Vyacheslav Zholudev, co-founder and CTO. on Sumsub. “By continuously upgrading our Non-Doc Verification solution and expanding the list of countries in which it is available, Sumsub is leading the way in creating a more digitally inclusive future for all where users from any corner of the world have access to the same services and products our customers provide.”
Sumsub’s Non-Doc Verification solution offers a country-based approach to documentless identity verification, and customers can also combine it with regular KYC checks. The company also offers Database Validation in more than 50 countries as part of traditional document-based verification, which enables additional validation of applicant input data for improved fraud prevention.