<p>Sumsub, considered the top all-in-one verification company, is partnering up with Coinfirm (the well-known platform providing compliance and AML-related services for digital assets). The collaboration is aimed at developing a secure <a href="https://blockchainreporter.net/glossary/blockchain-3-0/" rel="noopener noreferrer nofollow">blockchain</a> economy. In the respective deal, the customizable AML, KYT, KYB, and <a href="https://blockchainreporter.net/glossary/know-your-customer-kyc/" rel="noopener noreferrer nofollow">KYC</a>-related solutions of Coinfirm will be united along with the proprietary blockchain analytics of Coinfirm to establish a safer <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">digital ecosystem</a>.</p><h2 id="header-0">Sumsub Starts a Strategic Collaboration with Coinfirm for Improved KYC and Other Security Checks</h2><p>The CEO and co-founder of Sumsub, Andrew Sever, remarked on the exclusive partnership, saying that the move will assist them in thoroughly assisting the <a href="https://blockchainreporter.net/tag/crypto/" rel="noopener noreferrer nofollow">crypto</a> space with new solutions. As per him, the collaboration reinforces that both entities are operating in keen harmony. With this, he added, they would endeavor to reach the common objective dealing with the creation of a well-protected blockchain economy working in the world of <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> technology.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7d61d8dc0f9e49a29b4ad3752caa03b9.png" /></p><p>According to the executive, they are hopeful that the all-in-one verification solution thereof will play a significant role in making improved infrastructure to cope with the <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">crypto market</a>. The forum of <a href="https://sumsub.com/" rel="noopener noreferrer nofollow">Sumsub</a> lets its customers perform the entirety of the identity requirements in one place by offering modifiable parameters. The respective customizable parameters permit users to adjust their onboarding procedure to fulfil their requirements.</p><h2 id="header-1">Coinfirm and Sumsub Aim at Advancing Blockchain Security</h2><p>Coinfirm’s Director of Global Strategic Partnerships, Monika Godek, additionally spoke in this regard. She expressed that they were thrilled to witness the strategic collaboration with Sumsub. In Monika’s words, this bonding will take the consumers to a position where they would be able to carry out risk management more effectively with a variety of crypto compliance instruments. She disclosed that Sumsub possesses a considerably resilient team and <a href="https://www.coinfirm.com/" rel="noopener noreferrer nofollow">Coinfirm</a> intends to operate with them to turn the blockchain into a safer space.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bf0b5f55c0174eb39223d832a04cdf80.png" /></p><p>The AML Risk Reports developed by Coinfirm have been integrated by Sumsub into its ecosystem. The respective report is specified to offer a thorough overview of the hazards related to an entity or individual. It operates on the exclusive data provided by multiple sources taking into account sanctions lists and open blockchain networks. Sumsub’s modifiable AML, KYT, KYB, and KYC solutions cater the consumers across the globe with providing swift onboarding and other services for minimum charges and prevent digital fraud.</p>

Sumsub and CoinFirm Enter a Strategic Collaboration for AML, KYT, KYB, and KYC Solutions

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