Sumsub launches reusable digital identity that facilitates authentication in online services

The repetition of identity verification processes in different services, such as financial or transportation applications, is one of the factors that lead users to lose interest and even give up completing an access Sumsub, Global end-to-end verification platform, announced the launch of its Reusable Digital Identity, developed for companies and users. The solution optimizes the Know Your Customer (KYC) phase, which helps in the prevention of fraud and illegal activities, by rescuing documentation already verified by the platform, thus reducing the repetition of the same uploads. 

The Reusable Digital Identity package has two main features Sumsub ID it allows users to store and reuse their verification documents for new access within the Sumsub ecosystem, which has more than 4,000 companies KYC Reusable it enables corporations to share user verification information with each other upon consent. According to Sumsub data, one in three people who perform a verification process had previously been authenticated by the company.  

This facility can reduce the average onboarding time by 50%, improving the user experience. For businesses, joining the features increases conversion rates by 30% on new accesses, while performing all necessary compliance checks.In addition, personal data stored or shared with third parties for verification are fully protected, being compliant with the LGPD standards.

The adoption of technologies for a more integrated and secure identification has been gaining strength in Brazil, as demonstrated by the broad issuance of the new National Identity Card (CIN) 21.5 Million documents of this type, they modernize the identification process by integrating facial biometrics and fingerprints, as well as a QR Code for instant validation via gov.br. 

A study by Serasa Experian also revealed that CIN has a percentage of only 0.08% to be used in scams, a rate almost 98% lower compared to the old RG and CNH. With the new cross-documentation based on Sumsub, Brazilian users ensure even more security, fraud reduction and improvement in the user experience.

“With a decade of experience in the market, our vision remains clear: to offer digital identity checks to global companies as quickly and conveniently as payments, without compromising on” 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.”