HashKey Global, a licensed digital asset exchanger, Sumsubis a global verification platform to improve know-your-customer (KYC) and anti-money laundering (AML) processes.
This partnership aims to reduce onboarding time and strengthen compliance with evolving cryptocurrency regulations.
Sumsub technology has helped me over the past 3 months hash key Address onboarding delays by automating verification steps for 600,000 registered users.
By moving from manual verification to an automated system, HashKey is now able to handle user verification more efficiently.
Sumsub’s solutions also help reduce the risk of identity fraud, which is on the rise globally.
HashKey has increased verification speed while maintaining compliance with regulatory standards by incorporating features such as document verification, face matching, and fraud detection.
This integration reportedly reduces HashKey’s average verification time to just 20 seconds, and the entire onboarding process now takes about 3 minutes.
This allows HashKey to enhance its user verification process without compromising regulatory requirements.
“Since our integration with Sumsub, we have processed hundreds of thousands of identity documents and have seen much faster verification speeds and higher pass rates. We will continue to work closely with Sumsub to support our users. We want to provide you with a great experience.
As a regulated exchange, ensuring fast and comprehensive onboarding is paramount to meeting compliance standards. Sumsub’s advanced verification capabilities have enabled us to scale our operations, reiterating our position as one of the most advanced compliant exchanges. ”
Ben Elbaz, Managing Director of HashKey Global, said:
“We are proud to work with HashKey, one of the leading companies in the digital assets space. We are pleased to reaffirm our ability to meet the above challenges.
We are always committed to ensuring seamless, secure and compliant verification solutions, and we are thrilled to be working with you. As we see HashKey aggressively expanding into global markets, we will continue to support consumer safety at a regulatory level around the world. ”
Inna Lyubashevskaya, Chief Customer Officer at Sumsub, said:
