Sumsub Teams Up With VALK to Help Secure the Process of Fundraising and Private Placement

Sumsub Teams Up With VALK to Help Secure the Process of Fundraising and Private Placement
10.09.2020 02:06 pm

Sumsub Teams Up With VALK to Help Secure the Process of Fundraising and Private Placement

Compliance , AML and KYC

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,’ adds Jacob Sever, Co-founder of Sumsub.


Related News

Shield Joins IBM Cloud for Financial Services Ecosystem

Specialist RegTech provider... Read more »

Sysnet Adds New Features to its Revolutionary Proactive Data Security Solution

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions, is... Read more »

UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research

New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open... Read more »

Hong Kong’s livi bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting Solution

Wolters Kluwer has been selected by livi bank for its award winning ... Read more »

Ideal Prediction Awarded ‘Best Surveillance Provider’ By FX Markets

Ideal Prediction (Ideal), the independent trading analysis and data science company for capital markets, has won the FX Markets award for ‘Best Surveillance... Read more »

Smith & Williamson Selects Broadridge’s Industry Leading SRD II Compliance Solution

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced an agreement to provide Smith & Williamson Group, a leading... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel