The Reusable Digital Identity Product Suite enables secure identity verification across Sumsub’s client platforms while protecting user data.
Sumsub launched its Reusable Digital Identity product suite, which mitigates repetitive verification and redundant Know Your Customer (KYC) checks that negatively impact user experience and conversion rates for businesses.
The Reusable Digital Identity product suite includes two products: Sumsub ID, which enables users to securely store and re-use their documents for multiple verifications, and Reusable KYC, which allows companies in the Sumsub ecosystem to agree to share applicants’ data upon receiving their consent.
The new offerings are expectedto reduce applicant onboarding times by 50% and boost conversion rates by 30%, on average.
“With a decade of experience in the market, our vision remains clear – to provide global businesses digital identity checks with the speed and convenience of payments, without sacrificing on compliance and security”, said Vyacheslav Zholudev, CTO and co- founder of Sumsub.
“With Sumsub ID and Reusable KYC, we are redefining digital ID verification by helping businesses improve onboarding efficiency and also giving users full control over their documents and data, respectively. This marks a significant milestone in our mission to make identity verification faster, safer, and more reliable for everyone.”
