Noah, the financial infrastructure company, has partnered with Sumsub, a global leader in identity verification and fraud prevention, to bring faster, borderlessNoah, the financial infrastructure company, has partnered with Sumsub, a global leader in identity verification and fraud prevention, to bring faster, borderless

Noah and Sumsub partner to deliver the fastest, most scalable compliance and verification engine for modern money

4 min read

Noah, the financial infrastructure company, has partnered with Sumsub, a global leader in identity verification and fraud prevention, to bring faster, borderless and scalable onboarding to thousands of financial firms worldwide.

Through the partnership, any client using Noah’s high-speed rails and accounts to power wallets, exchanges and payment platforms can now onboard users in seconds – with greater accuracy, fraud protection and success rates – thanks to Sumsub’s automated verification, screening and Reusable KYC identity framework.

If a user has already been verified across any of Sumsub’s 4,000+ institutions, they no longer have to repeatedly submit documents or re-take liveness checks when using any Noah-powered platform. With user consent, verified identity data can be securely reused, reducing friction for end users while helping Noah clients avoid repeated verification processes across jurisdictions and use cases.

The partnership supports Noah’s long term intention of making reusable identity a default layer of modern financial infrastructure – meeting default expectations as government-grade digital identity wallets begin rolling out across Europe. Sumsub is the first building block in enabling trusted identity to move across platforms, markets, and use cases.

Trust once, verify everywhere: The power of Reusable KYC

Since launch, successful verifications for Noah’s clients have increased by more than 220% year-on-year. Firms now onboard users, on average, 63% faster, while abandonment rates have fallen by 56%. Screening review times are now completed in less than half the time through Sumsub’s integration with the ComplyAdvantage tool, and reusable identity alone has reduced time-to-verify by up to 70%.

The partnership has nearly doubled Noah’s monthly KYC capacity while helping its clients scale faster into new markets and future-proof themselves for the new era of digital identity.

The partnership strengthens compliance standards across Noah’s infrastructure. Even when reusable identity is used, Noah maintains full regulatory oversight, including risk-based assessments and fresh sanctions and PEP screening. Reusable identity still triggers fresh sanctions and PEP screening at the point of onboarding, consistent with a risk-based approach. Users have to give consent for their verified profile to be securely reused and while Sumsub provides the validated identity information, Noah still performs its own risk-based assessment. This guarantees regulatory requirements are met without having to sacrifice any of the efficiency gains of shared data.

Verification built for modern money

This is the latest partnership in Noah’s mission to Set Money Free and unlock the future of modern money. Through regulated entities in the US, Canada and the EU, powers virtual accounts, first party and third party payins and payouts, and instant stablecoin settlement across 50+ countries and currencies for partners including MiniPay, Ledger, Opera and more.

“Noah’s customers are building the next generation of global finance,” said Evelina Hoque, Chief Compliance Officer at Noah. “To support them, we needed verification that could scale as fast as their products. By working with Sumsub we’ve achieved just that – an end-to-end onboarding and compliance engine built for global scale. With automated verification, reusable identity profiles, strong fraud detection, and unified compliance coverage, our combined stack delivers a faster, safer, and more user friendly onboarding experience while keeping regulatory standards high.”

“What makes this partnership special is the ambition behind it,” said Thomas Taraniuk, Head of Partnerships UK/Europe at Sumsub. “Noah wasn’t looking for a tool, they were looking for a compliance architecture capable of supporting high-velocity, multi-jurisdiction growth. With this partnership, compliance has become a growth engine  and together we’re raising the standard for what onboarding and verification should look like in the modern financial ecosystem.”

The post Noah and Sumsub partner to deliver the fastest, most scalable compliance and verification engine for modern money appeared first on Crypto Reporter.

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