Greetings to Sumsub Video Ident, a video-based KYC solution in harmony with the regulatory standards of Estonia, the DACH region, and Liechtenstein for identity verification in the video realm.
In the ever-evolving digital landscape, ensuring secure and compliant user onboarding is paramount. Sumsub Video Identification, a cutting-edge tool, offers a comprehensive solution for businesses seeking to tailor their Know Your Customer (KYC) and Anti-Money Laundering (AML) checks according to different user groups.
The process begins with customizing verification flows, designed to cater to specific user risk profiles. By defining what types of checks are required for each user segment, businesses can create distinct KYC/AML check scenarios. For instance, basic users may undergo automated document and selfie checks, while high-risk users might require live video KYC involving a compliance officer for real-time verification.
Video identification, a human layer of verification, adds significance to the process, especially in jurisdictions with regulatory mandates for video KYC, such as Germany and Estonia. Sumsub seamlessly integrates this option into its verification flow, enhancing its multi-channel approach.
Leveraging automation and AI, Sumsub speeds up onboarding and reduces manual workload while maintaining compliance standards. Many KYC steps, including document checking, fraud detection, and liveness verification, are automated using AI and machine learning within Sumsub’s platform.
Sumsub's Reusable Identity feature allows users to store verified documents and personal data securely. This prevents redundant verification steps, streamlines user experience, and enhances compliance efficiency.
Integration with third-party compliance tools and workflow platforms further automates workflows, real-time monitoring, document management, and reporting. This ensures regulatory adherence and smooth user onboarding worldwide.
Operators in Sumsub Video Identification collect documents for AML compliance. They have access to all necessary information before the call starts, including the applicant's status log, a list of user actions, and profile data. The quality of the images is assessed immediately, and re-takes are possible if necessary.
The video identification tool is accessible on the dashboard and appears on the applicant's page when a pending application is opened. Interviews can be conducted, documents collected, and enhanced investigations initiated from one place with ease. Sumsub Video Ident offers an end-to-end video identification solution with operators trained according to jurisdiction's legal requirements.
In the near future, Sumsub will introduce custom questionnaires for operators during interviews and scheduled calls for later convenience when all operators are available. With these advancements, Sumsub continues to redefine the boundaries of secure and efficient user verification.
Technology plays a crucial role in streamlining user onboarding processes, as demonstrated by Sumsub's use of AI and automation to speed up verification and reduce manual workload, while maintaining compliance standards. Additionally, Sumsub's Video Identification tool, a human layer of verification, is an innovative technology that offers an end-to-end video KYC solution, tailored to various jurisdictions and user groups, contributing to secure and compliant user onboarding.
