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HomeBankingSumsub: Releases GPS-based Proof of Address verification

Sumsub: Releases GPS-based Proof of Address verification

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Sumsub: Releases GPS-based Proof of Address verification

  • Sumsub is an all-in-one suite for identity verification, fraud prevention, and KYC/AML compliance
  • Recently added GPS-based verification to its Proof of Address solution
  • This new feature is primarily aimed at the fintech market, where companies are often obliged to verify user residence
  • By opting for GPS-based technology, rather than combing through physical documents
  • Traditionally, PoA is confirmed by submitting documents such as bank statements, utility bills, voter registration
  • Using geolocation for PoA verification dramatically increases conversion rates since this step can be passed in just a few clicks

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