Sumsub is to help secure the process of fundraising and private placement

Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, today announces its partnership with VALK, a white-label end-to-end digital solution for private markets built on Corda. Sumsub has been tasked with automating KYC checks and ensuring compliance for VALK’s users.

VALK’s solution is built for investment banks, asset managers and fund managers and allows its users to onboard prospective investors, get them to sign documents, provides instant on-chain settlements, store data and documents, and enables communication, all through a single tool that cuts 50% of costs and reduces up to 80% of time that would otherwise be spent on manual processes. The VALK solution is built on two strong banking technological infrastructures : Corda and BT Radianz, giving our clients access to a wide network of financial institutions they can connect and trade with. 

KYC is an essential part of digital investing and fundraising; both of which businesses use the VALK system for. To provide these businesses with a reliable tool and to verify the legitimacy and history of funds, VALK has partnered up with Sumsub. Sumsub’s solution will help to onboard new investors, verify those investors across multiple channels and screen them for suspicious patterns. Sumsub was able to provide their KYC/AML ecosystem and ensure all-round safety for those using the VALK platform, making sure their verification routine falls perfectly within the regulatory demands.

”We are delighted to seal this partnership with Sumsub. Their solution perfectly fits our clients’ needs and has already greatly reduced the time spent on KYC processes while giving them a second to none digital experience. We are looking forward to working together for the long term and highly recommend their solution and services to any player in the market that wants to combine digital efficiency with excellence in compliance.” state VALK founders Antoine Loth and Elie Azzi. 

‘We see the incredible results that VALK has achieved in terms of customer experience, cost reduction and time optimization and so we are naturally delighted to provide a secure and compliant environment for many of the businesses that use VALK for the more efficient management of unlisted assets.’ Jacob Sever, Co-founder of Sumsub.

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Antoine Loth Elie Azzi Jacob Sever Valk

Author: Lauren Towner

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