Sumsub, a global verification platform, Mastercard Engage Partner Program.
The collaboration will focus on delivering digital-first solutions that will enhance customer onboarding and compliance processes.
By joining the Engage program, Sumsub aims to streamline customer onboarding, reduce fraud risk, foster trust and ultimately improve the digital experience for end-users.
The program helps partners develop and scale payment solutions for Mastercard’s global customer base, accelerate product innovation and facilitate seamless payment experiences.
Sumsub’s Know Your Customer (KYC) product is available to Mastercard customers, ensuring a secure and compliant onboarding experience.
These tools also monitor user activity to prevent fraudulent activity from sign-up to completing a transaction.
Sumsub’s platform includes features such as chargeback prevention and fraud detection, allowing businesses to effectively combat fraudulent activities and unauthorized transactions.
Martin ten Houten
“We are excited to join the Mastercard Engage Partner Program,” said David S. Brock, President and CEO of Mastercard. “It’s essential for businesses, especially those with high volumes of transactions, to provide their partners with the tools they need to protect themselves and their customers and improve user experience.
“Continuous fraud prevention measures are required that go beyond the user onboarding stage. This reaffirms our commitment to simplify and facilitate the verification process for FinTech companies while ensuring the highest levels of compliance with our comprehensive solution.”
Martin ten Houten, vice president of business development for Europe, said: Smooth.
