Sumsub and Kriptomat Won the 2023 ICA Compliance Awards Europe

  • Compliance
  • 28.04.2023 12:15 pm

Sumsub today announced it has been chosen winner in the  “Technology Partner of the Year” category at the 2023 ICA Compliance Awards Europe. The company got recognition for its outstanding work ensuring regulatory compliance and fraud prevention for its long-term partner, Kriptomat.

Kriptomat is a fully licensed European cryptocurrency platform where anyone can buy, store, sell, and use cryptocurrencies. The company is fiercely committed to security and compliance with government regulators. 

Since 2018, Kriptomat has partnered with Sumsub, which provides a single platform for crypto compliance, fraud protection, automation, and a smooth and people-friendly verification flow—all while ensuring a streamlined user experience and excellent pass rates. Together with Sumsub, Kriptomat has built industry-leading fraud defences while protecting the personal data of its 500K+ users across 57 countries. Sumsub also helps Kriptomat keep up with evolving crypto regulations with backup from an experienced in-house team of compliance experts. 

“We are proud to be recognized as a leader in compliance and customer protection. The use of innovative and reliable technologies play an important role in our AML/CFT program. It's amazing to see how much of a difference Kriptomat is making in the industry to make customers more safe. Winning awards like these helps us on our company goal of becoming a regulatory white knight in Europe,” said Dejan Davidovic, co-founder and Chief Operating and Integrity Officer at Kriptomat.

Having won the ICA Awards 2023 validates Sumsub’s hard work and commitment to compliance practices, benchmarking the company’s achievements with peers across the UK and Europe.

The ICA Compliance Awards are the UK's only awards recognising teams and individuals across the financial crime prevention and regulatory compliance community. Building on their tremendous success in 2022, the Awards are back by popular demand, featuring 19 categories designed to recognise the initiatives and achievements of the compliance community over the past 12-18 months. The categories are split across four key themes, including celebrating teams, recognising individuals, praising collaboration, and showcasing innovation. The award entries were reviewed and assessed by a judging panel comprising senior compliance and financial crime prevention leaders who were looking for outstanding achievements, innovation, collaboration, and excellence across individual submissions, team projects and business initiatives.

Winners for the ICA Compliance Awards 2023 were announced during a private awards ceremony at Hilton Bankside, London on 27 April 2023. Sumsub representatives attended the ceremony with colleagues from Kriptomat. This award is the result of joint efforts of both partners aiming to achieve excellence in the products and service they offer their customers.

“We are honoured to be named “Technology Partner of the Year” by the International Compliance Association. Winning the ICA awards is a prestigious recognition brought by top international compliance experts. We are thankful for this moment of celebrating our shared success with Kriptomat, our long-term partner. Sumsub’s tech and compliance teams will continue their hard work to exceed expectations and bring the best results to our global clients, partners and the whole fintech compliance community,” commented Andrew Sever, co-founder and CEO of Sumsub.

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