back Back

Sumsub & GreenBond Meter team up for KYC, crypto monitoring services

By Megha Bhattacharya

April 05, 2021

  • Sumsub
  • UK
Share

Sumsub has teamed up with GreenBond Meter, an eco-friendly initiative that allows people to save native forests with the purchase of cryptocurrency, for KYC, KYB, crypto monitoring, and video verification. According to the companies, by purchasing GreenBond Meter Coin (GBM Coin), investors will be protecting 1m² of jungles and native forests. This project pursues to reach the sum of 100.000 hectares of protected land in ten countries in the five continents. GBM investors will be granted access to a carbon credit (GBM Bond) which further showcases the coin holder’s carbon footprint reduction.

“GreenBond Meter Coin is our passion project that brings together the world of virtual currency and the environment. To run the project properly, we needed to make sure that our service is secure and friendly when it comes to user verification before the purchase of our crypto assets. For that, we chose Sumsub and are very happy with their solution. Our initiative has started protecting forests in Argentina, but soon plan to expand to other countries in the five continents to reach our goal of 1.000.000 hectares of protected land and we are feeling more confident doing so with the Sumsub’s support,” said Juan Nuñez, CEO at GreenBond Meter.

The collaboration will see Sumsub provide accurate, and secure verification of individuals and businesses, ensuring quick onboarding while providing sophisticated fraud defences. Sumsub will also offer GreenBond Meter with video identification technology as well as crypto monitoring for detecting risky buyers.

“We felt very inspired by GreenBond Meter’s efforts to link fintech and ecology. Dealing with crypto investments, it’s important to verify the purchaser very carefully and in accordance with local regulations to avoid non-compliance and related fines. We are happy to ensure GreenBond Meter’s compliance with worldwide verification guidelines, so that they can focus on protecting native forests and natural biodiversity,” said Jacob Sever, Founder of Sumsub.

Recently, global cryptocurrency payments network Mercuryo teamed up with Sumsub for speeding up onboarding for around 350,000 users in the former’s ecosystem and helping the company achieve regulatory compliance. Sumsub has helped Mercuryo by incorporating AML data screening and ongoing monitoring across international watchlists, sanctions, and PEP lists. It has also provided graphic editor detection and metadata analysis, further consolidating Mercuryo’s protection against forgery and scams.

Previous Article

April 05, 2021

OpenSys unveils X-Kiosk, a new digital payment solution

Read More
Next Article

April 05, 2021

Digital Alliance AB and QIWI roll out SoftPOS contactless payment service

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

Today

Abacus Group & Zero Networks to boost security across Financial Services

Read More

December 09, 2024

4 FinTech Innovators reinforcing Payment Security in India

Read More

December 06, 2024

Nuvei unveils comprehensive blockchain payment solution across LATAM

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More