Identity verification firm Sumsub has introduced its Non-Document Verification solution to the UK market.
Non-Document Verification will be facilitated by a partnership with OneID, a UK Government-certified identity provider, ensuring compliance with data regulations.
Sumsub claims its partnership with OneID allows the firm to offer document-free verification for 95 per cent of the UK’s adult population.
The firm says this process uses data from leading UK financial institutions to onboard end-users in less than five seconds, compared with an industry average of two minutes.
These institutions include Barclays, Bank of Scotland, Chase, First Direct, Halifax, HSBC, Lloyds, MBNA, Monzo, Nationwide, NatWest, RBS, Santander, Starling, TSB, Ulster and Virgin Money.
In the onboarding process, users select their bank and navigate through its page or app within the same session window. When logged in, users provide consent for personal data sharing, after which Sumsub retrieves the required information and completes the process.
The firm will offer Non-Document Verification to clients to various industries including fintech and crypto investment.
Sumsub will distribute Non-Document Verification with a code-free approach, allowing customer compliance teams to adapt to regional and country-specific regulation with a proprietary Workflow Builder and Web software development kit (SDK), which the firm says do not require in-house developers to implement.
Clients will also be able to include their corporate branding when implementing the SDK.
Andrew Sever, co-founder and CEO of Sumsub, says: “The UK is one of the first European markets in our portfolio for Non-Document Verification, and we’re confident this will take the ID verification user experience to the next level. We are replacing complex authentication procedures for UK-based clients with a unique online banking log-in eliminating identity fraud, duplicate accounts and bot-based verification attempts.”
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