The repetition of identity verification processes across different services, such as financial or transportation apps, is one of the factors that cause users to lose interest and even give up on completing access. To address this issue, theSumsub, end-to-end global verification platform, announced the launch of its package ofReusable Digital Identity, developed for companies and users. The solution optimizes the Know Your Customer (KYC) phase, which helps prevent fraud and illegal activities, by retrieving documentation already verified by the platform, thus reducing the repetition of the same uploads.
The Reusable Digital Identity package includes two main features. THESumsub IDAllows users to store and reuse their verification documents for new accesses within the Sumsub ecosystem, which has over 4,000 companies. Already theReusable KYCEnables corporations to share user verification information among themselves with consent. According to Sumsub data, one in three people undergoing a verification process had previously been authenticated by the company.
This ease can reduce the average onboarding time by 50%, improving the user experience. For companies, adopting resources increases conversion rates by 30% in new accesses, while performing all necessary compliance checks. Furthermore, the personal data stored or shared with third parties for verification are fully protected and compliant with LGPD regulations.
The adoption of technologies for a more integrated and secure identification is gaining strength in Brazil, as demonstrated by the widespread issuance of the new National Identity Card (CIN). So far, more than have been issued21.5 million documentsof this type, which modernizes the identification process by integrating facial biometrics and fingerprints, in addition to a QR Code for instant validation viagov.br.
A study by Serasa Experian also revealed that the CIN has a usage rate of only 0.08% in scams, nearly 98% lower compared to the old RG and CNH. With the new Sumsub-based cross-referenced documentation, Brazilian users ensure even greater security, reduced fraud, and an improved user experience.
"With a decade of experience in the market, our vision remains clear: to provide digital identity verification for global companies with the same speed and convenience as payments, without compromising compliance and security," says Vyacheslav Zholudev, CTO and co-founder of Sumsub. With Sumsub ID and Reusable KYC, we are redefining digital identity verification, helping companies make their onboarding more efficient while giving users full control over their documents and data. This is an important milestone in our mission to make identity verification faster, safer, and more reliable for everyone.
