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Cabital chooses Sumsub for its identity verification toolkit

Wednesday 8 September 2021 10:21 CET | News

Cabital, a wealth management platform that offers crypto-based savings products, has chosen Sumsub’s KYC/AML toolkit.

This integration aims to conduct secure checks of potential crypto investors in just two minutes.

Cabital offers crypto-based savings products that promise interest rates as high as 12%. To stay in line with European AML/CTF principles and Lithuania’s domestic requirements, Cabital needed to find a solution for customer verification and due diligence.

Sumsub will provide Cabital with identity checks, adjustable to the requirements of 220+ countries and territories. Users pass Sumsub’s verification routine in two steps: first, they submit a photo of their passport; then, they go through biometric video identification. 


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Keywords: cryptocurrency, wealth management, KYC, AML, identity verification
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Singapore
This article is part of category

Securing Transactions