Sumsub unveils LPD infrastructure for businesses in APAC

By Gloria Mathias

Sumsub has announced that Local Data Processing (LDP) capabilities are available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines.

The data privacy landscape in APAC is rapidly evolving as economies grow and digital transformation accelerates. According to a study by Ipsos, 81% of APAC end-users believe that the loss of privacy is inevitable due to technological advancements. Countries such as Singapore and Hong Kong have introduced stringent local data processing requirements, while Indonesia and the Philippines are also advancing their regulatory frameworks.

Sumsub’s LDP solution is designed to help firms overcome data storage and compliance challenges as many APAC economies continue to develop rapidly. As technology developments and data privacy become more complex, Sumsub’s advanced data management solution ensures secure, compliant, and user-friendly personal data storage for regulated businesses across APAC.

Regulated companies that are required to store and process personal data domestically will be able to protect themselves and end-users by leveraging Sumsub’s full suite of verification, anti-fraud and compliance products. Firms will be able to secure users and clients throughout their entire compliance journey with AML (anti-money laundering) screening, KYC and KYB processes, as well as ongoing Transaction Monitoring and Fraud prevention capabilities.

The benefits of using the LDP infrastructure include:

• Regional Compliance: LDP simplifies compliance with local data privacy regulations across APAC, such as Singapore’s requirement for vendors to store and process data locally.
• Seamless User Experience: Automatic domain redirection eliminates the need for manual navigation, ensuring data is stored and processed locally, regardless of the company’s headquarters.
• Centralised Access: Firms can access all their applicant-related analytics, statistics, and billing information from any region.
• Global Reach: LDP instills confidence to expand business operations to new markets in full compliance.

“This launch showcases our unwavering commitment to data privacy and regional compliance across APAC as we continue our global expansion. With the dynamic growth of digital businesses throughout APAC, we believe it is crucial to support regional companies throughout their compliance processes. LDP offers a secure and user-friendly experience for businesses seeking compliant verification and fraud prevention solutions,” shared Vyacheslav Zholudev, Co-founder and CTO of Sumsub.