Plumery partners with Sumsub
Through this collaboration, Plumery received the ability to integrate Sumsub’s features into its Headless digital banking engagement platform
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Plumery has entered a technological partnership with Sumsub, integrating the latter’s capabilities into its digital banking engagement platform. Through this collaboration, Plumery received the ability to integrate Sumsub’s features into its Headless digital banking engagement platform, launching with the latter’s Know Your Customer (KYC) suite. Merging their capabilities within the solution allows both traditional and challenger banks to develop customisable onboarding flows leveraging Plumery’s serverless onboarding orchestration, as well as Sumsub’s compliant KYC flows. This intends to enable them to save up to 80% on implementation costs and time and over 50% on onboarding costs for each customer.
The representatives from Sumsub highlighted that, by leveraging its APIs, Plumery can create a simplified end-to-end onboarding journey for its users. The collaboration allows the two companies to merge their digital experience building with increased levels of compliance and fraud protection, offered by Sumsub’s platform. By working together, Plumery and Sumsub plan to advance their development strategies and continue to improve the digital banking landscape, while increasing its security.
According to Plumery’s officials, Sumsub focuses on efficient and compliant customer experiences, while the enhanced developer experience supports the delivery of applications. Considering that digital and mobile onboarding has become an integral part of the digital banking experience, the two companies plan to allow joint customers to incorporate this capability faster and cost-effectively while launching new propositions and banks more time-efficiently.
The first release was focused on onboarding natural individuals, however, Sumsub and Plumery intend to add Know Your Business (KYB) and wider SME-based functionality in the upcoming period. Plumery also underlined that customers can leverage both the two companies’ technologies, as well as their knowledge in building digital banking platforms and compliance onboarding.
