{"id":12945,"date":"2024-10-15T13:18:00","date_gmt":"2024-10-15T05:18:00","guid":{"rendered":"https:\/\/group.hashkeydev.com\/?p=12945"},"modified":"2026-07-22T13:22:55","modified_gmt":"2026-07-22T05:22:55","slug":"hashkey-global-partners-with-sumsub-to-reduce-verification-time","status":"publish","type":"post","link":"https:\/\/group.hashkey.com\/zh\/hashkey-global-partners-with-sumsub-to-reduce-verification-time\/","title":{"rendered":"HashKey Global Partners with Sumsub to Reduce Verification Time"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"12945\" class=\"elementor elementor-12945\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-283b01db e-flex e-con-boxed e-con e-parent\" data-id=\"283b01db\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-44da104 elementor-widget elementor-widget-text-editor\" data-id=\"44da104\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"ATqq4\"><em>Leading digital asset exchange HashKey Global teams up with Sumsub to accelerate user onboarding and meet evolving crypto regulations.<\/em><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36e60aae elementor-widget elementor-widget-image\" data-id=\"36e60aae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/group-oss.hashkey.com\/wp-content\/uploads\/2024\/10\/Slide-16_9-36-1024x576.jpg\" class=\"attachment-large size-large wp-image-12947\" alt=\"\" srcset=\"https:\/\/group-oss.hashkey.com\/wp-content\/uploads\/2024\/10\/Slide-16_9-36-1024x576.jpg 1024w, https:\/\/group-oss.hashkey.com\/wp-content\/uploads\/2024\/10\/Slide-16_9-36-300x169.jpg 300w, https:\/\/group-oss.hashkey.com\/wp-content\/uploads\/2024\/10\/Slide-16_9-36-768x432.jpg 768w, https:\/\/group-oss.hashkey.com\/wp-content\/uploads\/2024\/10\/Slide-16_9-36.jpg 1281w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a7f81c3 elementor-widget elementor-widget-text-editor\" data-id=\"2a7f81c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"ATqq4\"><strong>Oct. 15, 2024<\/strong>\u00a0\u2013 <strong>HashKey Global,<\/strong> a licensed digital asset exchange under HashKey Group teams up with <a class=\"dtqu- Cnx4-\" href=\"http:\/\/sumsub.com\/?utm_source=newswire&amp;utm_medium=press-release&amp;utm_campaign=finastra-partnership\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>Sumsub<\/u><\/a>, a global full-cycle verification platform, to provide KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions. Over the past three months, Sumsub has significantly enhanced HashKey Global\u2019s user verification processes, ensuring faster onboarding times and improved compliance for its vast base of nearly 600,000 registered users.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-81e9236 e-flex e-con-boxed e-con e-parent\" data-id=\"81e9236\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cefe439 elementor-widget elementor-widget-text-editor\" data-id=\"cefe439\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Overcoming onboarding inefficiencies<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a15b336 elementor-widget elementor-widget-text-editor\" data-id=\"a15b336\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div data-breakout=\"normal\"><p id=\"viewer-6ixag2482\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">With the rapid growth of the cryptocurrency industry and increasing regulatory demands, HashKey required a solution to replace its manual verification processes, which generally can be prone to delays and human error. Sumsub was selected for its renowned expertise in the crypto industry and its ability to provide scalable, automated solutions.<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-gms7k2486\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Sumsub\u2019s Q1 2024 verification and identity fraud data* saw a 245% year-on-year (YoY) increase in deepfakes worldwide. As a regulated crypto exchange, ensuring swift yet comprehensive anti-fraud onboarding processes is crucial for HashKey to meet legislative requirements and compliance standards. Sumsub\u2019s solutions have enabled HashKey to significantly enhance verification speed and accuracy while maintaining the high standards required by regulators.<\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c04b62f elementor-widget elementor-widget-text-editor\" data-id=\"c04b62f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Key achievement: speed and precision<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-591e5c9 elementor-widget elementor-widget-text-editor\" data-id=\"591e5c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div data-breakout=\"normal\"><div data-breakout=\"normal\"><p id=\"viewer-t89292492\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Since implementing Sumsub\u2019s suite of solutions\u2014such as identity document verification, face matching, Liveness and deepfake detection, and Proof of Address checks\u2014HashKey has seen substantial improvements. Key benefits include (on case by case circumstances):<\/span><\/p><\/div><div data-breakout=\"normal\"><ul><li id=\"viewer-e1a4k2494\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Average verification time potentially reduced to<strong>\u00a0as low as 20 seconds<\/strong><\/span><\/li><\/ul><\/div><div data-breakout=\"normal\"><ul><li id=\"viewer-90kvw2498\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Streamlined entire onboarding process to approximately <strong>3 minutes<\/strong>, from uploading the documents and submitting the application to completing verification<\/span><\/li><\/ul><\/div><div data-breakout=\"normal\"><ul><li id=\"viewer-9499o2503\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Average pass rate <strong>exceeds 70%<\/strong>\u00a0across all regions<\/span><\/li><\/ul><\/div><div data-breakout=\"normal\"><ul><li id=\"viewer-jxa8t2508\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Delivering efficiency without HashKey compromising on regulatory commitments.<\/span><\/li><\/ul><\/div><div data-breakout=\"normal\"><p dir=\"auto\">\u00a0<\/p><p id=\"viewer-ihqea2517\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Increased efficiency has allowed the HashKey to better serve its global user base while continuing to meet regulatory requirements.<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-ihqea2517\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\"><em>&#8220;<\/em>Since our integration with Sumsub, we have processed hundreds of thousands of identity documents, with significantly quicker verification speeds and higher pass rates. We are excited to continue working closely with Sumsub to provide great experiences for our users,\u201d\u00a0said <strong>Ben El-Baz, Managing Director of HashKey Global<\/strong>. As a regulated exchange, ensuring swift yet comprehensive onboarding is paramount to meeting compliance standards. Sumsub\u2019s advanced verification capabilities have allowed us to scale our operations, reiterating our position as one of the more foremost compliant exchanges.\u201d<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-fxk1u2525\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">\u201cWe are proud to work with HashKey, one of the leading names in the digital asset space. \u00a0We have a strong track record within the industry and we\u2019re pleased that this reassured HashKey of our ability to help them navigate evolving regulatory challenges within the sector,\u201d said<strong>\u00a0Inna Lyubashevskaya, Chief Customer Officer at Sumsub.<\/strong> \u201cWe have always been committed to ensuring seamless, secure, and compliant verification solutions, and we are thrilled to be working together. We are aware that HashKey is actively expanding across global markets, therefore we\u2019ll continue to support consumer safety on a regulated level, worldwide.\u201d<\/span><\/p><p dir=\"auto\">* Note on the source: The data is based on detailed statistics and analysis of millions of verification checks performed by the Sumsub platform from Q1 2023 to Q1 2024, accurately highlighting current fraud incidence rates. This includes analysis of thousands of detected deepfake cases. All internal data was aggregated and anonymized for the purpose of publishing these findings.<\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7730c472 elementor-widget elementor-widget-text-editor\" data-id=\"7730c472\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong><span class=\"ATqq4\">About HashKey Global<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a581d93 elementor-widget elementor-widget-text-editor\" data-id=\"1a581d93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div data-breakout=\"normal\"><p id=\"viewer-cu0x82551\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">HashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide, and becomes one of the fastest-growing crypto exchanges in 2024. HashKey Global has obtained a license from the Bermuda Monetary Authority providing mainstream trading and service products such as LaunchPad, contracts, leverage, etc.<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-fbn9y2553\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Please read our latest <a class=\"dtqu- Cnx4-\" href=\"https:\/\/support.global.hashkey.com\/hc\/en-us\/articles\/14658364949276-HashKey-Global-News-Release-Standard-Terms-and-Disclaimers\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>\u514d\u8cac\u8072\u660e<\/u><\/a>.<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-j0hu72557\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">For more details, please visit <a class=\"dtqu- Cnx4-\" href=\"http:\/\/global.hashkey.com\/\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>global.hashkey.com<\/u><\/a>\u00a0 \u00a0\u00a0<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-khorq2561\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Follow HashKey on \u00a0<a class=\"dtqu- Cnx4-\" href=\"https:\/\/x.com\/HashKey_Global\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>X<\/u><\/a>, <a class=\"dtqu- Cnx4-\" href=\"https:\/\/t.me\/HashKey_Global\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>Telegram<\/u><\/a>, and <a class=\"dtqu- Cnx4-\" href=\"https:\/\/discord.gg\/hashkeyglobal\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>Discord<\/u><\/a><\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-x0s082568\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">For media inquiries, please contact <a href=\"mailto:pr@hashkey.com\">pr@hashkey.com<\/a><\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22d20cde elementor-widget elementor-widget-text-editor\" data-id=\"22d20cde\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>About Sumsub<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8cd872 elementor-widget elementor-widget-text-editor\" data-id=\"d8cd872\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div data-breakout=\"normal\"><p id=\"viewer-pb86y2576\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\"><a class=\"dtqu- Cnx4-\" href=\"https:\/\/sumsub.com\/?utm_source=newswire&amp;utm_medium=press-release&amp;utm_campaign=gdic-certification\" target=\"_blank\" rel=\"noopener\" data-hook=\"web-link\"><u>Sumsub<\/u><\/a> is a full-cycle verification platform that secures the whole user journey. With Sumsub\u2019s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.<\/span><\/p><\/div><div data-breakout=\"normal\"><p id=\"viewer-csawo2581\" class=\"-Q4aO hw1z8 DcaPr o-zp-\" dir=\"auto\"><span class=\"ATqq4\">Sumsub has over 2,500 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.<\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-971d7eb e-flex e-con-boxed e-con e-parent\" data-id=\"971d7eb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Leading digital asset exchange HashKey Global teams up with Sumsub to accelerate user onboarding and meet evolving crypto regulations. Oct. 15, 2024\u00a0\u2013 HashKey Global, a licensed digital asset exchange under HashKey Group teams up with Sumsub, a global full-cycle verification platform, to provide KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions. Over the past [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-12945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/posts\/12945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/comments?post=12945"}],"version-history":[{"count":4,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/posts\/12945\/revisions"}],"predecessor-version":[{"id":12950,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/posts\/12945\/revisions\/12950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/media\/12947"}],"wp:attachment":[{"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/media?parent=12945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/categories?post=12945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/group.hashkey.com\/zh\/wp-json\/wp\/v2\/tags?post=12945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}