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

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Along with cryptocurrency marketplace construction and strengthening the criminal framework of the entire blockchain business, Changelly non-custodial cryptocurrency alternate provider frequently optimizes its product line to make it extra faithful. Like all large marketplace gamers, Changelly assists in keeping an eye fixed on the most productive marketplace practices on the subject 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 satisfy regulatory necessities, save you fraud and fortify buyer self assurance.

The New KYC Working Principles

The Sumsub KYC test might be carried out without delay within the alternate procedure in order that Changelly customers gained’t want to go away the acquainted interface and interrupt the switch.

The device will recommended the consumer for a photograph of his ID and a selfie with it. All the pegged paperwork might be scanned mechanically and the entire screening procedure will take from five to 10 mins. Changelly customers will handiest want to go KYC as soon as to be frequently in a position to switch any crypto quantities someday.

“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.”

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

About Sum&Substance

Sumsub is a bank-grade KYC / AML multi-account ecosystem. The corporate has been operating with banks, fintech and blockchain initiatives since 2015. Sumsub AI-based device supplies its industry purchasers with seamless KYC / AML assessments that agree to all of the marketplace regulators necessities together with global necessities together with The Financial Action Task Force (FATF) suggestions. All information is transmitted over protected communique channels with a prime stage of encryption. Sumsub has the vital infrastructure for protected information garage and is totally compliant with information privateness (GDPR) necessities. The corporate is now some of the marketplace leaders in on-line verification and KYC/AML in Central, Eastern Europe, and Asia. The Sumsub 350+ portfolio of B2B purchasers contains such outstanding corporations as BlaBlaCar, Cryptopay, Philip Bank, Mail.ru Group, Gett, Exness, FX Open, and so forth.

About Changelly

Changelly is a non-custodial fast cryptocurrency alternate. We act as an middleman between crypto exchanges and customers, providing get entry to to 130+ cryptocurrencies. The corporate venture is making an alternate procedure easy for everybody who desires to spend money on cryptocurrency. Operating since 2015, the platform and its cell app draw in over 1,000,000 guests per thirty days who experience prime limits, speedy transactions, and 24/7 reside reinforce.
Changelly provides its API and a customizable widget to any crypto provider that wants to increase its target audience and put in force new alternate choices. Changelly companions with MyEtherWallet, Exodus, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, Coinpayments, Huobi Wallet and different well known gamers within the crypto business.

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