Fintech partnership Monese
Banks North America Partnerships

Sumsub and TrueNorth Partner to Digitise Financial Institutions

Global all-in-one verification platform Sumsub has partnered with fintech software development company TrueNorth to assist banks in the US and other countries to expand their services globally and digitise their operations.

The partnership aims to provide innovative digital solutions that meet regulatory requirements, improve operational efficiency, and promote growth for fintech platforms, payment providers, neobanks and banks.

Sumsub’s platform allows businesses to manage the verification process, onboard more users worldwide, prevent digital fraud, and comply with regulations through its customisable KYC, KYB, KYT, and AML solutions.

TrueNorth, on the other hand, provides architectural frameworks to accelerate the development of customised solutions, including strategic planning, product launch, and modern customer experiences tailored to clients’ unique requirements.

“We are excited to partner with Sumsub to further strengthen our ecosystem with top-notch verification, anti-money laundering, and transaction monitoring tools,” says Alex Gonikman, CEO and co-founder of TrueNorth. “This partnership allows us to continue providing our clients in financial services with secure, reliable, and sustainable solutions at scale,” says

Andrew Sever, co-founder and CEO of Sumsub, adds: “We are glad to join forces with TrueNorth in our common mission of bringing digital transformation to the financial industry. Sumsub’s advanced KYC, KYB, and transaction monitoring solutions will assist businesses in expanding internationally while complying with regulations.

“TrueNorth, meanwhile, will develop enhanced fintech products and solutions for companies ready for digitalised global growth.”

Onboarding guide for crypto businesses

Earlier in March, Sumsub partnered with global payments infrastructure platform Mercuryo to publish a guide covering everything the crypto industry needs to know about KYC checks, AML compliance and verification based on the current regulatory landscape.

The guide aims to help crypto businesses resolve compliance issues and build effective user verification in the Web3 space.


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