Oobit Partners With Sumsub To Streamline Their KYC Process
Oobit crypto platform that facilitates smooth and easy access to the cryptocurrency industry has recently announced its partnership with an identity verification industry leader, Sumsub. Sumsub’s identity verification engine allows users to efficiently complete the necessary KYC requirements while giving companies peace of mind that all the information has been properly vetted. KYC (or Know Your Customer) is an essential requirement for the buying and selling of cryptocurrencies. By incorporating Sumsub’s software, Oobit has just made this process that much simpler. Through the Sumsub technology, users can easily and quickly access an end-to-end solution for buying, selling, storing, and swapping a wide range of cryptocurrencies.
Sumsub caters to users in over 220 countries and territories, streamlining identity and document verification, AML screening, and age verification. The process supports fast onboarding for users, cutting the identity verification time down to around 3 minutes, while not compromising on security. Sumsub‘s software validates IDs, verifies the ownership through facial biometrics, screens documents for traces of photo editing, and performs thorough background checks. In just over 5 years since launching, Sumsub has acquired over 1000 customers, spanning across several industries, distributing their regulated services around the world.
The partnership allows Oobit to take the reins when it comes to important matters like compliance and self-regulation, protecting both its users and the platform. It also provides the Oobit clientele with a streamlined and secure service to ensure that they can safely, securely, and efficiently complete the necessary regulatory requirements.
“For new users entering the cryptocurrency market, as well as seasoned traders, we created Oobit to allow users to use cryptocurrencies with the same ease as traditional money. While our platform provides seamless methods with which to buy, sell, trade and store cryptocurrencies, the KYC (identity verification) process was an equally important aspect. Since discovering Sumsub’s technical toolkit, we knew that this would substantially increase the flow, convenience, and accuracy of what could otherwise be an arduous task. Since integrating the leading technology, we provide our clients with the best compliance and verification measures available, and the feedback has confirmed this.” — Aharon Miller, Founder and COO of Oobit.
“As the crypto market is gaining more and more attention, together with it come new challenges, such as the need for quality automation and accurate compliance. Sumsub is excited to help Oobit work more effectively, reduce the time spent on manual routines, and verify users more thoroughly across jurisdictions worldwide.” — Jacob Sever, Founder of Sumsub.
