Ibanly, a fintech specialising in cross border payments, has partnered with verification platform SumSub to enhance its user onboarding process.
The agreement will see Sumsub provide its identity verification, AML screening, KYC and KYB checks for Ibanly, with the collaboration aiming to improve the efficiency of onboarding new users while prioritising adherence to regulatory standards.
Currently, Ibanly is providing its cross border payments service to over 100 corporate clients and is pursuing licences in Hong Kong and Europe to expand its global footprint.
Pavel Mihhalevski, Executive Director at Ibanly, commented: “We are excited by the potential of our partnership with Sumsub, a global leader in the regtech industry, to deliver clients with the utmost professional onboarding user experience.
“Moreover, this partnership enables peace of mind, understanding that our platform and onboarding is fully compliant with the dynamic regulatory environment, and that our platform is protected from fraudulent transactions.
“By implementing Proof of Address verification, Liveness and Deepfake detector technology our company is ready for further international expansion.”
Headquartered in London, Sumsub will utilise its AI powered technology to ensure Ibanly maintains its high customer acquisition rate. To further engage witht he rest of the sector, the London-based fintech became a member of The Payments Association last year.
Peter Sever, Co-Founder and Chief Strategy Officer of Sumsub, said: “We are deeply grateful for our collaboration with Ibanly, a rapidly growing e-payments provider. At Sumsub, our mission is to offer cutting-edge verification solutions, and we are proud to support Ibanly in their commitment to creating a secure and seamless experience for their global clients.”
