Paybis, a worldwide crypto change platform with over 1,five mln registered customers from 180+ international locations, is prepared to percentage the consequences and destiny possibilities in their partnership with Sumsub, an identification verification and KYC/AML compliance provider.

Paybis have become Sumsub’s client in August 2020. The integration technique took 2.five months. Now, their complete verification technique takes approximately 2.five mins for a unmarried consumer, and as much as 150K assessments are finished each month. Their first test approval fee is round 80%, at the same time as their very last conversion fee is above 85%—despite the fact that those figures can also additionally range in exceptional markets.

As Paybis gives each B2C & B2B products, there are exceptional compliance necessities that the agency has to stick to. Thus, one of the vital functions Sumsub gives Paybis is the capacity to adjust verification tiers on a case-by-case foundation and construct separate verification flows for exceptional clients. “Customized verification flows are critical for us as we’ve got exceptional consumer groups, and Sumsub’s flexibility shall we us control them in line with our needs”. – says Andrei Ialama, COO at Paybis.

Notably, Paybis became one of the first corporations to apply Sumsub’s custom questionnaire feature, that is designed to assist seize scammers withinside the act. More specifically, customers are requested to fill in a unique shape that’s blended with a liveness test, making sure that they’re without a doubt gift for the duration of verification. Based at the facts collected, Paybis’s specialists compare customers’ crook intentions and whether or not there are any affordable grounds for suspicion.

“Now, we’re exploring a few greater Sumsub functions and are making plans to enforce them. Going forward, we accept as true with that Sumsub will permit us to boom our client go with the drift and offer a continually excessive first-class of service” – provides Andrei Ialama.

You can analyze greater approximately Paybis’ consequences and their implementation of Sumsub’s answer here.

About Paybis

Founded in 2014, Paybis is a worldwide platform that facilitates corporations and people from 180+ international locations to shop for and promote cryptocurrencies the usage of plenty of exceptional price methods.

About Sumsub

Founded in 2015, Sumsub is a main identification verification platform offering an all-in-one technical and felony toolkit to cowl KYC/AML needs. Sumsub facilitates groups convert greater customers, accelerate verification, lessen costs, and combat virtual fraud. Relying on system studying and synthetic intelligence, its answer works globally, with help for 6,500 record sorts from over 220 international locations and territories.