Sumsub, a leading provider of identity verification and compliance solutions, has announced a strategic partnership with Merkle Science, a blockchain analytics company. This collaboration aims to enhance the security and reliability of Sumsub’s services by integrating Merkle Science’s forensic risk monitoring tools.
Merkle Science specializes in tracking and analyzing blockchain transactions to identify risks associated with money laundering, terrorist financing, and other illicit activities. Their powerful data analytics and machine learning algorithms provide valuable insights to governments, financial institutions, and businesses worldwide.
By partnering with Merkle Science, Sumsub aims to strengthen its anti-fraud measures and increase the accuracy of its risk assessment processes. The integration of Merkle Science’s tools will allow Sumsub’s clients to benefit from real-time blockchain analytics, enabling them to identify suspicious activities more effectively and minimize potential threats.
Enhanced security through collaboration
This partnership represents a significant milestone for the compliance and security sectors. It combines Sumsub’s advanced identity verification technology with Merkle Science’s expertise in blockchain analytics to create a comprehensive solution that meets the ever-evolving regulatory requirements.
“We are excited to collaborate with Merkle Science,” said Jacob Sever, CEO of Sumsub. “Their cutting-edge technology will augment our existing tools, enabling us to deliver an even higher level of security to our clients. Together, we aim to provide robust fraud prevention and compliance solutions.”
Sumsub’s identity verification services are widely adopted across various industries, including fintech, sharing economy, digital banking, and cryptocurrency. With this new partnership, Sumsub strengthens its position as a trusted provider of compliance solutions that ensure the security and trustworthiness of online transactions.
Both Sumsub and Merkle Science share a common vision of making the digital world safer and more transparent. Through this partnership, they strive to stay at the forefront of innovation and provide cutting-edge solutions that address the evolving challenges of the global compliance landscape.