back Back

Ibanly taps Sumsub for enhanced identity verification & compliance

By Delisha Fernandes

March 18, 2024

  • AML Compliance
  • Fintech news
  • FinTech US

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.”

Previous Article

March 18, 2024

Aditya Birla Sun Life AMC rolls out MyMutualFundGPT

Read More
Next Article

March 18, 2024

Federal Bank & WaveBL team to deliver trade finance solutions

Read More

IBSi Daily News Analysis

payment check out, Open Banking

April 23, 2024

AML Compliance

UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 22, 2024

Nium taps Trulioo to enhance payment compliance in the UK

Read More

April 19, 2024

Decentro elevates its DigiLocker Stack to secure KYC processes in India

Read More

April 18, 2024

5 RegTech platforms streamlining finance compliance in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023