Fintech firm Reap partners with Sumsub to automate compliance and identity verification for international expansion.
Financial technology infrastructure provider Reap has partnered with Sumsub to automate user verification checks and streamline compliant onboarding for business customers and cardholders.
This collaboration allows the fintech firm to accelerate its international expansion beyond the Asia-Pacific region by maintaining consistent global compliance standards while adapting to varied regional jurisdictions.
The integration directly addresses the operational challenge of navigating fragmented global anti-money laundering regulations and reducing the user friction caused by repetitive identity verification processes.
The modular, API-first platform enables the configuration of verification flows by customer type and risk profile, utilising reusable digital identity data to verify individuals within seconds.
Darryl Wan, Head of Legal, Risk and Compliance at Reap, said: “With the right infrastructure in place, we can scale into new markets and give businesses seamless access to stablecoin-powered cards, payments and financial tools. We are delighted to partner with Sumsub to enhance our verification and KYC processes.”
Penny Chai, Vice President, APAC at Sumsub, said: “By verifying users once and extending that trust across the ecosystem, we help fast-growing fintechs like Reap reduce unnecessary onboarding friction without compromising on compliance.”
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