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Sumsub Joins The Payments Association

Monday, 10 July 2023

Global verification provider, Sumsub, became a member of the most influential community in payments, The Payments Association.

Sumsub is honored to announce its membership in The Payments Association. This milestone highlights Sumsub’s ongoing commitment to enhancing compliance measures and offering best-in-class solutions in the vibrant payments ecosystem.

As an industry-leading verification provider, Sumsub offers a suite of Know Your Customer (KYC), Know Your Business (KYB), Transaction Monitoring and Fraud Prevention solutions designed to meet the needs of modern businesses. The platform utilizes cutting-edge technologies such as artificial intelligence, machine learning, and biometric recognition to deliver robust onboarding and compliance procedures.

By joining The Payments Association, Sumsub reinforces its position as a trusted partner for businesses in the fintech and payments industries. The association serves as a forum for industry collaboration, sharing best practices, and shaping the future of payments in the United Kingdom and beyond. Sumsub’s membership will enable the company to work closely with payments industry leaders and drive progress in compliance and digital security.

“We are delighted to join The Payments Association,” said Peter Sever, co-founder and Chief Strategy Officer of Sumsub. “This membership signifies our unwavering commitment to enriching the fintech landscape with top-notch verification and compliance solutions. We look forward to collaborating with other esteemed members of the association to further enhance payments industry standards and drive game-changing innovations together.”

The Payments Association operates in the UK, EU and Asia, bringing  together a diverse range of industry stakeholders, including banks, payment service providers, technology companies, and regulators. Through its collaborative efforts, the association aims to promote secure, efficient, and innovative payment solutions while safeguarding the interests of consumers and businesses alike.

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