Sumsub’s Non-Document verification

With the help of official bank records, Sumsub’s full-cycle verification platform, clients from a range of industries can onboard new users. Sumsub’s Non-Document Verification solution, which complies with legislation in the UK, Nigeria, Brazil, Argentina, Indonesia, Ghana, Bangladesh, India, and the Netherlands, has made this possible.

Thanks to a Sumsub agreement with OneID, a UK Government-certified identity supplier, the UK is the most recent jurisdiction to use the feature. Ninety-five percent of adults can receive document-free verification with Sumsub’s OneID, which is certain to comply with personal data regulations.

Paula Sussex, CEO of OneID, states, “We are thrilled that Sumsub has selected us as their partner to provide their document-free identity solution.” “We take great pride in enabling Sumsub to guarantee a prompt and seamless experience to over 50 million people in the UK.”

Customer identification verification will be made easier by the solution using information from significant institutions. This comprises:

• Barclays
• Bank of Scotland
• Chase, First Direct
• Halifax
• HSBC
• Lloyds
• MBNA
• Monzo
• Nationwide
• NatWest
• RBS
• Santander
• Starling
• TSB
• Ulster
• Virgin Money

Redefining the user verification landscape, the Non-Document Verification solution provides a multitude of benefits for clients. Sumsub can give verification in less than five seconds thanks to OneID. Compared to the industry average onboarding time of two minutes, this is far faster. Users will be verified through the process without having to share photos of their identity credentials.

The procedure for Non-Document Verification

Users choose their bank throughout the onboarding process, and within the same session window, they are taken to its page or app. They grant permission for the sharing of personal data after logging into their bank account, which is necessary for the verification. Ultimately, Sumsub successfully onboards the new customer without the need for any paperwork by retrieving and verifying the necessary data in real time.

Because the user experience is seamless, document-free verification results in little drop-off and high conversion rates. Moreover, Sumsub uses a user-friendly, code-free method to streamline the procedure. Consequently, this eliminates the need for in-house developers by enabling client compliance teams to easily adjust to a variety of regulatory and nation-specific requirements with its Workflow Builder and Web software development kit (SDK) interface.

Teams at Sumsub’s clients are able to integrate its solution into their own user flow. They are still able to brand the SDK and end-user interface with their own business logo.

A new era for verification in the UK

One of our portfolio’s initial European markets for Non-Document Verification is the UK. We have no doubt that this will revolutionize the way users interact with ID verification. According to Andrew Sever, co-founder and CEO of Sumsub, “We are replacing complicated authentication procedures for UK-based clients with a unique online banking log-in eliminating identity fraud, duplicate accounts, and bot-based verification attempts.”

“We are committed to giving users a safe, effective, and seamless onboarding experience while enabling businesses to easily comply with regulatory requirements.”

Document-free solutions are permissible under UK AML requirements as long as they include extra security features. According to Tony Petrov, chief legal officer of Sumsub, “these are crucial for creating a link between a user and their claimed identity, which has been independently verified by an external data source.”

“We make sure that fraud and abuse cannot occur in the Non-Document Verification process. We guarantee that individuals claiming a specific identity are, in fact, the owner of that identity. Our sophisticated electronic identification technology is to blame for this.