- Sumsub launches Local Data Processing infrastructure in MEA for secure storage and processing of applicant data.
- Sumsub integrates with Chainalysis to provide enhanced blockchain analytics and regulatory compliance solutions.
Sumsub, a prominent player in identity verification solutions, has expanded its services with the introduction of Local Data Processing (LDP) capabilities in the Middle East and Africa (MEA).
LDP offers an advanced infrastructure for secure storage and processing of applicant data and transactions, ensuring compliance with local data privacy regulations.
Vyacheslav Zholudev, Co-founder and CTO of Sumsub, expressed the company’s commitment to providing compliant solutions for digital businesses in rapidly growing regions like MEA. He further stated, “The Middle East and Africa, with their rapid growth of digital businesses, was chosen as the forefront region to help our customers accelerate their business growth.”
In addition to this milestone, Sumsub recently announced its integration with Chainalysis, a leading blockchain data platform.
This partnership combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ extensive blockchain analytics platform, enabling client companies to achieve regulatory compliance, enhance data security, and streamline the monitoring of cryptocurrency transactions.