Polymath adds Sumsub to Service Provider Marketplace
Compliance as a service supplier is to provide Polymath clients with bank-grade KYC/AML and accredited/qualified investor checks aligned with jurisdictional laws of a chosen STO
TORONTO - June 12, 2019 (Investorideas.com Newswire) As a global leader in software solutions, Polymath makes it easy to create and manage security tokens. Through partnerships and a community, the platform gives organizations, issuers, and investors the opportunity to create digital securities through a simple and transparent process.
Sumsub is a trusted provider of compliance as a service, with years of legal experience that assures full compliance to STO regulations, including routine KYC/AML checks for individual and corporate clients together with accredited investor cheks.
To ensure efficient and effective identity verification along with accredited investor checks, Polymath was looking for a simple procedure for security token issuers to determine who can access their token.
Sumsub became a preferred KYC provider in the Polymath Service Provider Marketplace, where companies using Polymath can choose a KYC provider among other providers for their security token offerings. A new ally in Sumsub elevates mandatory bank-grade KYC/AML procedure to the high standards of local and international regulations, helping in automated KYC for individuals and verification of accredited and qualified investor status.
"Ongoing compliance across multiple jurisdictions is vital for security tokens," said Graeme Moore, Head of Tokenization at Polymath. "With professional legal expertise and bank-grade procedures, we are proud to be collaborating with a company on the front lines of this effort like Sumsub."
"We are thrilled by the security tokenization market and see great potential in the industry. Polymath is the leading player on the market and we are very pleased to see how our accumulated expertise, experience and technology will assist in the development of such a project and the wider security token sector." - Jakob Sever, co-founder of Sumsub.
About Polymath (polymath.network)
Polymath Network (Polymath) is a decentralized platform that makes it easy to create and manage security tokens. The platform simplifies the complex challenges of creating a security tokens and aims to bring the multi-trillion dollar financial securities market to the blockchain.
About Sumsub (sumsub.com)
Sumsub is one answer to all onboarding and compliance challenges. Sumsub AI-based solution automates identity verification and antifraud, as well as provides bank-grade KYC (including STOs), KYB, KYT compliance, AML screening, customer data storage to protect and enable regulated businesses online. 97% hit rate and strong legal expertise put Sumsub among the leading players of the market. The company was founded in 2015 with the headquartered in London, United Kingdom.
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