HashKey Global Teams Up with Sumsub to Streamline KYC and AML Processes

HashKey Global, a regulated digital asset exchange under HashKey Group, has partnered with Sumsub, a global leader in verification services, to streamline its KYC and AML processes. Over the past three months, Sumsub’s solutions have significantly improved HashKey’s user verification, cutting onboarding times and bolstering compliance for nearly 600,000 registered users.

With cryptocurrency’s growth and rising regulatory demands, HashKey sought to replace its manual verification processes. Sumsub’s expertise in automation and anti-fraud solutions, including identity document verification, face matching, liveness detection, and deepfake prevention, has accelerated HashKey’s processes, reducing verification times to as little as 20 seconds and cutting onboarding to three minutes.

The partnership has resulted in a 70%+ pass rate globally, with enhanced verification speed and accuracy, allowing HashKey to maintain its compliance standards while scaling operations efficiently. Both companies expressed excitement over the partnership, emphasizing a shared commitment to navigating regulatory challenges and ensuring user safety worldwide.