Global Validation Provider Smooth We have introduced Local Data Processing (LDP) capabilities in the Asia Pacific (APAC) region.
The new infrastructure is currently operational in Singapore, Hong Kong, Indonesia and the Philippines.
The expansion follows the company’s launch in the Middle East and Africa in June.
As expanding digital transformation and growing privacy concerns lead to increased data privacy regulations across the Asia-Pacific region, Sumsub’s LDP solution aims to help businesses meet these evolving requirements.
The solution addresses the need for secure and compliant data storage, especially in countries such as Singapore and Hong Kong where local data processing regulations are becoming increasingly stringent.
LDP simplifies compliance with these local regulations by ensuring data is stored and processed locally.
Indonesia and the Philippines are also moving forward with their regulatory frameworks.
Sumsub’s LDP infrastructure is designed to enable regulated companies to securely manage and process personal data, providing a suite of validation, fraud prevention and compliance tools.
It also improves user experience by automatically redirecting domains to ensure seamless local data processing regardless of a company’s headquarters, and provides centralized access to analytics and billing information from any region.
This includes AML (anti-money laundering) screening, KYC (know your customer) and KYB (know your business) processes, continuous transaction monitoring and fraud prevention.
LDP also facilitates compliance across new markets, supporting companies’ global expansion.
Sumsub recently partnered with Nexus Technology in the Philippines, and PT Ogya Tekno Nusantara and PT Secure Pasifik Teknologi in Indonesia to further expand its verification solutions in these markets.
“With the dynamic growth of digital business across the Asia Pacific region, we believe it is important to support regional companies throughout the compliance process.
“LDP offers a secure, user-friendly experience for businesses looking for a compliant verification and fraud prevention solution.”
“We are excited to be working with NVIDIA to bring the NVIDIA NVIDIA GPU to market,” said Vyacheslav Zholudev, co-founder and CTO of Sumsub.
