Global verification provider Sumsub today announced the release of its Non-Doc Verification in the US.
This solution reduces fraud-related attacks by 75%, covering over 292M active mobile users and can also apply to international clients looking to onboard US-based applicants, including those in the United Kingdom, Hong Kong, Singapore, and the United Arab Emirates.
Non-Doc Verification provides frictionless customer onboarding that is six times faster when compared to document-based KYC. It eliminates the need for users to manually input their data, reducing errors and improving data quality. Non-Doc verification is safer and more secure for US applicants, as they don’t need to share their SSN (Social Security Number) or upload any ID scans.
“Non-Doc Verification stands as the flagship product of Sumsub, poised to set the future standard for digital verification, surpassing traditional document-based checks. Similar to how e-payments have revolutionized money transfers, Non-Doc Verification is at the forefront of innovation in the digital verification landscape,” comments Vyacheslav Zholudev, CTO and co-founder of Sumsub.
“This user-friendly and inclusive solution eliminates the need for users to share their documents, catering to applicants with poor-quality cameras or those possessing old or damaged documents typically rejected during KYC processes. By popularizing document-free onboarding practices, we are making digital services more accessible worldwide, aligning with Sumsub’s mission in the digital world.”
Document-free verification helps businesses guarantee the authenticity of user identification with the same level of security as traditional KYC. It also ensures a fast, smooth onboarding process in just a few clicks.
Here’s how it works:
- The applicant initiates their onboarding process by providing a phone number and date of birth
- The user runs a quick mobile authentication with One-Time Passcode (OTP) check
- Sumsub extracts pre-verified user information using mobile phone data from Telecom providers in the U.S.
- The applicant sees the verification confirmation on their screen
- The customer company can check if the user’s data is authentic and up to date and determine the users’ trustworthiness
Non-Doc Verification provides a secure, trusted and user-friendly onboarding experience for the applicants while successfully preventing fraud during key transactions: Opening an account, depositing, transferring and withdrawing funds. For digital payments providers, e-wallets and iGaming platforms, it diminishes promo and bonus abuse – as it prevents duplicate accounts, bot traffic, or payouts to fake users. For financial services, Non-Doc Verification secures an improved credit card digital onboarding experience.
Sumsub’s Non-Doc Verification solution is already available for onboarding over 2 billion users in the world including countries like the UK, the Netherlands, India, Brazil, Indonesia, South Africa, Nigeria, and more.
