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Ibanly taps Sumsub for enhanced identity verification & compliance

By Delisha Fernandes

March 18, 2024

  • AML Compliance
  • Fintech news
  • FinTech US
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Ibanly,  Sumsub, Identity Verification, Fraud Prevention, KYC, AML compliance,  Ibanly, a FinTech specialising in cross-border payments has chosen Sumsub to streamline user onboarding and stay fully compliant with AML regulations.

Ibanly has chosen Sumsub for identity verification, AML screening, KYC and KYB checks because of the highest quality standards both companies adhere to. This collaboration will allow Ibanly to enhance user onboarding process while ensuring AML compliance with regulatory requirements.

“We are excited by the potential of our partnership with Sumsub, a global leader in the regtech industry, to deliver clients with the utmost professional onboarding user experience. Moreover, this partnership enables peace of mind, understanding that our platform and onboarding is fully compliant with the dynamic regulatory environment, and that our platform is protected from fraudulent transactions. By implementing Proof of Address verification, Liveness and Deepfake detector technology our company is ready for further international expansion”, says Pavel Mihhalevski, Executive Director at Ibanly.

Currently, the FinTech is servicing over 100 corporate clients, and is rapidly expanding pursuing further licences in Hong Kong and Europe to expand its footprint in the financial services industry. Through Sumsub’s AI powered verification technology, Ibanly remains at the forefront of fintech innovation fueling growth and maintaining a high customer acquisition rate.

“We are deeply grateful for our collaboration with Ibanly, a rapidly growing e-payments provider,” said Peter Sever, co-founder and Chief Strategy Officer of Sumsub. “At Sumsub, our mission is to offer cutting-edge verification solutions, and we are proud to support Ibanly in their commitment to creating a secure and seamless experience for their global clients.”

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