Sumsub has announced a new partnership with Polymath, a leading platform for the creation, issuance, and management of security tokens. This collaboration brings Sumsub’s advanced verification and compliance technology directly into the Polymath platform, offering users a seamless, in-platform compliance solution tailored specifically for the security token market.
A Major Step Forward in Security Token Compliance
This integration marks a significant enhancement for issuers and investors alike. By embedding Sumsub’s robust Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) capabilities, Polymath can now deliver a comprehensive, all-in-one solution. The platform simplifies identity verification, streamlines due diligence, and ensures regulatory compliance, making the entire issuance process more efficient and secure.
“We are excited to partner with Sumsub to enhance our platform’s compliance capabilities,” said Tony Lauriola, Head of Product at Polymath. “This integration allows us to offer our clients a more streamlined and efficient way to manage compliance, ultimately making it easier for issuers to launch and manage security tokens.”
“We are thrilled to start our collaboration with Polymath, a comprehensive platform for the creation, issuance, and management of security tokens,” commented Jacob Sever, co-founder and Chief Innovation Officer at Sumsub. “Sumsub shares Polymath’s mission of making investment in tokenized securities accessible and inclusive to all types of investors, and we’re happy to support Polymath in building innovative and compliant security token technology powered by our KYC, KYB and AML compliance solutions”.
Global Reach and Efficiency Gains
Sumsub’s technology supports regulatory compliance in over 220 countries and territories. With automated KYC, KYB, and AML checks now integrated into Polymath, issuers can onboard investors and businesses faster, without compromising compliance standards. The need for multiple third-party providers is eliminated, reducing complexity, saving time, and cutting costs for all parties involved.
About Polymath
Polymath simplifies the complexities of creating and managing security tokens. With a strong focus on regulatory compliance, the platform enables issuers to launch, distribute, and maintain security tokens in a secure and compliant way.
About Sumsub
Sumsub is a global full-cycle verification platform that helps businesses across industries meet compliance requirements, prevent fraud, and efficiently onboard users. Offering a comprehensive suite of KYC, KYB, transaction monitoring, and AML screening solutions, Sumsub supports compliance in over 220 countries and territories. With a strong focus on user conversion and regulatory adherence, Sumsub empowers companies to build trust with their customers while streamlining verification processes through advanced technology and automation.