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Jeudi 17 Juin 2021

Major crypto solutions provider, B2Broker, chooses Sumsub to help 400+ businesses steer clear of regulatory fines


Disclaimer: The text below is a press release that was not written by Finyear.com.
Avertissement : Le texte ci-dessous est un communiqué de presse qui n'a pas été rédigé par Finyear.com.



B2Broker, a leading technology and liquidity provider for the forex and crypto industries, chooses Sumsub to help 450 businesses across 40+ countries stay compliant by adjusting verification routines to international requirements—all in a few clicks.

B2Broker offers a full range of Forex, CFD, and cryptocurrency solutions for institutional customers worldwide. Since B2Broker’s customers onboard users in many different jurisdictions, it can be quite difficult and time-consuming to keep up with all the changing and tightening regulations around crypto. It can also be exhausting to shop around for a suitable provider. That's why B2Broker opted for Sumsub's AI-powered solution.

Sumsub’s solution will assure that B2Broker’s customers comply with international regulatory demands and avoid hefty fines. Through this partnership, SumSub and B2Broker aim to provide businesses with secure and easily-customizable KYC and video verification checks that take around 3 minutes to complete. Sumsub will also be providing crypto transaction monitoring, ensuring that the sources of commercial crypto transactions are legitimate and free of money laundering.

The cryptocurrency market has received a lot of attention since it’s value topped $2 trillion this year, driving even more new investors to the industry across the world. This has led to stricter regulatory regimes that, if violated, could cost businesses millions of dollars or their ability to operate on the market.

“With ever-increasing regulations, and as an industry-leading provider of crypto-related services, we take stringent steps to ensure our clients’ onboarding process fulfills all their obligations. Sumsub’s solution will ensure that our clients are able to comply with international regulatory demands and avoid the possibility of substantial fines.”—Arthur Azizov, Founder and CEO of B2Broker.

“The crypto industry has been generating a lot of interest recently. This means that crypto platforms need to be increasingly careful about who they onboard and how. We are excited to be partnered with B2Broker, helping hundreds of businesses tackle security and regulatory compliance through time-saving automation”,—Jacob Sever, Co-founder of Sumsub.

About B2Broker
B2Broker is a liquidity and technology solutions provider for the crypto and foreign exchange (FX) industries. The company specialises in B2B services and products, catering for a wide range of clients including large licensed brokers, crypto exchanges, crypto brokers, forex brokers, hedge & crypto funds, and professional managers. B2Broker’s advanced base of ready-to-use technical solutions enables brokers to save time and money on consumer infrastructure projects and focus on enlarging their client base and increasing their revenues.
b2broker.net

About Sumsub
Sumsub is an all-in-one technical and legal toolkit to cover KYC/AML needs. The company provides a powerful platform for converting customers, speeding up verification, reducing costs, and detecting digital fraud. Sumsub’s global clientele, based in over 200 different jurisdictions, are able to meet financial requirements (FCA, CySec, MAS, FINMA, BAFIN, etc.) and expand to new regions thanks to top-notch technology and legal support. Sumsub clients include BlaBlaCar, Gett, ESL Gaming, JobToday, Wheely, Vk.com, Decta, Exness, WebPay, FXOpen, Maxi Partners, Bank Dobrobyt, and others. In 2020, Sumsub entered a series A funding round led by MetaQuotes.

Awards: Benzinga Global Fintech Awards 2018, The UK Startups 100 2020, PwC nomination for ‘The best use of tech award’.
sumsub.com



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