Transferra taps Sumsub for added anti-fraud measures


Verification platform Sumsub has announced that it will provide its fraud protection infrastructure to UK payments company Transferra

With a focus on customer onboarding, the partnership is key to Transferra’s ambitions to be at the forefront of financial services for business owners looking to gain more control over cash flows. 

The company currently offers business clients a multitude of services, including UK IBAN and sort codes, payments in both EUR and GBP, as well as a one-stop online platform to manage all financial dealings. 

Alexey Reshko, Head of Products of Transferra, said: “We partnered with Sumsub as they are the only company providing a full KYB solution fully integrated with our company’s AML/KYC policies. 

“Sumsub also enables us to build complete onboarding of corporate entities, which includes questionnaires, company registry checks, and establishing corporate structure. 

“Plus, we can perform AML checks on each individual in the process including all sanctions lists and adverse media. Thanks to Sumsub’s solution, we have up-to-date data about our clients and quick notifications about changes.”

Further expanding on the partnership between both companies, Sumsub Co-Founder and CCO Jacob Sever commented: Transferra aims to make business payments secure and simple while considering every client’s individual requirements. 

“We believe this is another step toward an inclusive financial future for people, where payment companies are trustworthy partners in business endeavours. We are glad that our identity verification and compliance solutions will contribute to reaching this goal.”