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Changelly Partners Sum&Substance: Bringing the Smoothest User Experience through the Best Market Practices

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Along with cryptocurrency marketplace building and strengthening the criminal framework of the entire blockchain business, Changelly non-custodial cryptocurrency change provider frequently optimizes its product line to make it extra devoted. Like all large marketplace avid gamers, Changelly assists in keeping an eye fixed on the most efficient marketplace practices in the case of AML&KYC coverage and use top-of-the-line products and services to counter fraud. Following intensive criminal box analysis, Changelly partnered Sum&Substance (Sumsub) – an AI-based ecosystem, which permits on-line products and services all over the world to fulfill regulatory necessities, save you fraud and support buyer self assurance.

The New KYC Working Principles

The Sumsub KYC take a look at shall be carried out without delay within the change procedure in order that Changelly customers gained’t wish to depart the acquainted interface and interrupt the switch.

The machine will steered the person for a photograph of his ID and a selfie with it. All the pegged paperwork shall be scanned mechanically and the entire screening procedure will take from five to 10 mins. Changelly customers will best wish to go KYC as soon as to be frequently ready to switch any crypto quantities at some point.

“It’s crucial not only to be fully compliant with the requirements but also to provide the most convenient user experience. That is the challenge that Sumsub ecosystem meets perfectly. Changelly users will only need to pass KYC once through our system to access hundreds of partner services at the touch of a button. At the same time, the system will ensure the full compliance with the EU regulations,” – stressed out Jacob Sever, Co-founder at Sumsub.

“As operations with virtual assets steadily become a part of our daily routines we at Changelly make a new step forward making crypto swaps more handy and safe. We introduce our partner – Sumsub which turns up a user verification on our service so quick, easy and reliable. Sumsub brings top technologies, high expertise and full law compliance into AML/KYC process, I’m sure that together we can make the crypto world a cozy place to live in,” – COO Changelly, Dmitry Burin admits.

About Sum&Substance

Sumsub is a bank-grade KYC / AML multi-account ecosystem. The corporate has been operating with banks, fintech and blockchain tasks since 2015. Sumsub AI-based machine supplies its trade shoppers with seamless KYC / AML exams that agree to all of the marketplace regulators necessities along side world necessities together with The Financial Action Task Force (FATF) suggestions. All knowledge is transmitted over safe verbal exchange channels with a top stage of encryption. Sumsub has the important infrastructure for safe knowledge garage and is absolutely compliant with knowledge privateness (GDPR) necessities. The corporate is now probably the most marketplace leaders in on-line verification and KYC/AML in Central, Eastern Europe, and Asia. The Sumsub 350+ portfolio of B2B shoppers comprises such distinguished firms as BlaBlaCar, Cryptopay, Philip Bank, Mail.ru Group, Gett, Exness, FX Open, and so on.

About Changelly

Changelly is a non-custodial fast cryptocurrency change. We act as an middleman between crypto exchanges and customers, providing get admission to to 130+ cryptocurrencies. The corporate venture is making an change procedure easy for everybody who needs to spend money on cryptocurrency. Operating since 2015, the platform and its cellular app draw in over one million guests per month who revel in top limits, rapid transactions, and 24/7 reside reinforce.
Changelly gives its API and a customizable widget to any crypto provider that desires to develop its target audience and put in force new change choices. Changelly companions with MyEtherWallet, Exodus, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, Coinpayments, Huobi Wallet and different well known avid gamers within the crypto business.

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