Sumsub

2024 APAC Partners Spotlight ✨ This year, we celebrated remarkable milestones with our valued partners across #APAC. Together, we: ✅ Shined at 10+ events across the region ✅ Strengthened 6+ new markets ✅ Hosted 3 roadshows, bringing together 200+ C-level and industry leaders ✅ Collaborated digitally through impactful webinars A huge thank-you to our partners for making 2024 extraordinary. Here’s to reaching even greater heights in 2025!

⏰ EU Travel Rule compliance deadline approaching On December 30, 2024, the EU’s Regulation 2023/1113 (TFR) will apply, requiring CASPs and ICASPs to comply with the Travel Rule. What should we pay attention to? 1️⃣ EBA transition period is not an excuse for delay The EBA has introduced a transition period until July 31, 2025, but it’s critical to understand that this doesn't postpone the compliance deadline. During this period, CASPs and ICASPs may exceptionally leverage infrastructures or services with technical limitations, but mitigating measures must be in place, including alternative mechanisms to collect, store, and make required information available to the receiving CASP or ICASP. 2️⃣ MiCA grandfathering period is not a loophole for Travel Rule compliance While MiCA offers a grandfathering period for authorization purposes, this doesn't delay Travel Rule obligations. The EBA’s "Preventing Money Laundering and Terrorism Financing in the EU’s Crypto-Assets Sector" document states that Regulation (EU) 2023/1113 applies to grandfathered CASPs just as it does to other credit and financial institutions. ❗ CASPs and ICASPs should ensure their systems, processes, and procedures are ready to meet the obligations of Regulation (EU) 2023/1113 by December 30, 2024. #EU #TravelRule #CASP

What will be the verification trends in 2025? 🤔 This week in #AskSumsubers, Jacob Sever, our Chief Innovation Officer, shares key verification trends for 2025 driven by the main emerging types of fraud 🔗 https://lnkd.in/dFw8QEnR

Revolutionizing onboarding with RedotPay 🔗 https://sumsub.link/gzq RedotPay partnered with Sumsub to transform their #KYC process, improve #compliance, and streamline user onboarding—achieving a 90% pass rate and 7-second median #verification time. Round of applause to Michael Gao, CEO and Co-Founder of RedotPay, and Jackee W., Marketing Director, for a valuable partnership and collaboration. Together, we’re building trust, security, and accessibility in the digital asset space 🚀

New #WhatTheFraudPodcast episode alert! 🚨 In the latest episode we welcome Claire Maillet, an award-winning leader in financial crime prevention and passionate advocate for disability and mental health awareness, to discuss digital equality. 🎧 Tune in https://lnkd.in/e7PzqpSa to hear about the intersection of #fraud, discrimination, and digital #inclusion—and learn actionable steps we can all take to build a more inclusive digital world.

2024 was incredible. Yes, we say this every year, but in 2024, the Sumsub team launched countless new projects and reached heights we never even dreamed of. 🔥 2.5 million verifications in a single day, the Global Fraud Index, Identity Fraud and iGaming Fraud reports, new free courses, #GreenflagNation, dozens of webinars and events, the #WhatTheFraudPodcast, AI Time Machine, new products for new markets, and so much more! We work tirelessly to raise fraud awareness, and it’s paying off. Even more projects and plans lie ahead—thank you for being with us!

People after reading Sumsub's Identity Fraud Report and realizing that fraud is actually something serious, not Frodo's cousin from The Lord of the Rings.

A fantastic wrap-up to the final quarter of the year 🎊 The APAC Insider Business Awards celebrate the vibrant growth and innovation across the Asia-Pacific region, and we're proud to be recognized for leveraging #AI to drive innovation in #IdentityVerification and #FraudPrevention. We thank our team for their dedication and our clients for their continued trust in us. We're also incredibly grateful to the APAC Insider for this acknowledgment. Together, we're setting new benchmarks for excellence! #APACInsider #BusinessAwards2024

Deepfakes and the 2024 election: what’s at stake? 🔗 https://lnkd.in/dpgJgE6n In our latest video, AI compliance specialist Natália Fritzen interviews tech lawyer and developer Raymond Sun about the rise of deepfakes and their impact on the 2024 election cycle. They explore how different countries are approaching regulation towards deepfakes and the challenges of balancing free speech with tackling misinformation. Watch now for insights on #AI, #deepfakes, and the regulatory future ⬇️

HATA, Malaysia's first dual-licensed #crypto exchange, partnered with Sumsub to automate its manual verification process—and the results are remarkable: ✔️ Verification in just 0.27 seconds ✔️ Onboarding in 5 minutes ✔️ 30x revenue growth David Low, CEO at Hata: "Thanks to Sumsub, we were able to onboard a large number of users quickly and efficiently, driving exponential growth in our trading volume to millions of dollars." Sumsub has become a key partner in Hata's incredible growth journey by automating #verification, ensuring regulatory #compliance, and scaling seamlessly.