Sumsub opens Miami office to expand to US and LATAM

Rick Steves

According to the firm, it achieves high conversion rates in the US market, with an average user verification speed of 87.05 seconds and a pass rate of 91.64%.

Sumsub has expanded to the United States, establishing its first office in Miami, Florida, and launching new services available for US customers.

The goal of such move is to target fintech, gaming, trading, transportation, and crypto industries, where the company already processes millions of verifications annually for its 2000+ global clientbase.

Sumsub is an international tech company providing an all-in-one verification platform for detecting fraud and ensuring compliance with KYC requirements worldwide, including identity verification, AML screening, and ongoing monitoring.

The firm has expertise in more than 220 jurisdictions, which makes it a good choice when fighting digital fraud.

Sumsub adds Social Security checks for US clients

The US expansion will include allowing local clients to add Social Security Number (SSN) checks to verify users through Social Security records. The firm explained that SSN verification also enables background checks, which can immediately spot customer red flags, including bankruptcies, liens, criminal records, etc.

Setting up an office in Miami, Florida will not only establish a presence in the United States but also serve as a base for the company’s operation in Latin America as the region has seen more demand for KYC providers due to new regulatory requirements in finance, insurance, banking, healthcare, and others.

Sumsub acknowledges the US is a hard market to navigate, with each state proposing a unique set of compliance laws and many US businesses already operate globally or plan to expand to foreign markets, which brings additional regulatory complications.

According to the firm, which addresses varying KYC, KYB, and AML regulations, Sumsub achieves high conversion rates in the US market, with an average user verification speed of 87.05 seconds and a pass rate of 91.64%.

Andrew Sever, co-founder and CEO of Sumsub, said: “We are thrilled to establish a strong presence in the Americas and provide tailored services to our local clients. Our unique experience of working with complicated markets in 220+ countries and territories differentiates us from other industry players. With our mission to empower verification, we aim to help both regulated and non-regulated businesses in the Americas easily scale to international markets by delivering end-to-end identity orchestration solutions.”

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