Transferra has partnered with Sumsub to create an easy, safe and secure onboarding experience for their clients.
Sumsub is a global tech company on a mission to eliminate online fraud and help businesses meet compliance requirements. Transferra is a UK-registered payments company offering a variety of financial services for business owners, including individual UK IBANs and sort codes, a variety of EUR and GBP payment options, and a responsive online platform. The company offers modern and simple solutions for business owners who want to control their finances on the go.
“We are a UK-based, Fintech company for business owners, and we need a straightforward user verification process. 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”, shares Alexey Reshko, Head of Products of Transferra.
“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 endeavors. We are glad that our identity verification and compliance solutions will contribute to reaching this goal,” says Jacob Sever, Co-founder and Chief Compliance Officer of Sumsub.
Transferra is a regulated payment provider for business owners offering a wide range of financial services, such as GB IBAN in EUR and GBP currencies, GBP incoming payments via Faster Payments, Bacs, Chaps, outgoing payments via Faster Payments, incoming and outgoing SEPA and SEPA Instant payments. Transferra also ensures every client has a dedicated account manager to support clients and resolve their questions.
Sumsub is an all-in-one verification platform that secures every step of the customer journey. With Sumsub’s customizable KYC, KYB, KYT, and AML solutions, you can orchestrate your verification process, welcome more customers worldwide, speed up onboarding, reduce costs and steer clear of digital fraud.
Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.
Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). As the first regulated compliance-as-a-service provider, Sumsub has a team of compliance experts ready to consult on regulatory specifics worldwide.
With over 2,000 clients across the fintech, crypto, transportation, trading and gaming industries, Sumsub partners with the likes of Binance, Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy and TransferGo.