Transferra Teams up with Sumsub to Streamline Customer Onboarding

UK-based payments company Transferra has partnered with all-in-one verification platform Sumsub to streamline customer onboarding for their clients.

Transferra officials have revealed in the official press release that they partnered with Sumsub because they needed a straightforward user verification process. According to the same officials, Sumsub offers a full KYB solution fully integrated with their company's AML/KYC policies. By collaborating with Sumsub, they can create a complete onboarding of corporate entities, which includes questionnaires and company registry checks. 

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By leveraging Sumsub's solutions, they can also perform AML checks on each individual in the process including all sanctions lists and adverse media. Sumsub's methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). 

Transferra offers a selection of financial services for business owners such as individual UK IBANs and sort codes, as well as a variety of EUR and GBP payment options, and a responsive online platform. 

(Source: The Paypers)