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Cryptocurrency exchange EXMO has entered into a partnership with Sumsub, a provider of one gate to all onboarding and compliance challenges and legal expertise, to achieve smooth onboarding while seamlessly fighting against fast-growing identity fraud.

EXMO Enhances Digital ID Verification with New Partnership

According to the official announcement, the Sumsub solutions will enable EXMO to generate automatic reports for their financial authorities, applicable laws and regulations.

Sergey Zhdanov, CEO at EXMO, claims the integration of Sumsub "will optimize the overall verification costs" and improve the exchange's relationships with clients.

"...With Sumsub solution our compliance officers will manage their time effectively, brainstorming over important issues that conquer new heights in terms of company development," he added.

The announcement highlights the exchange will also integrate the Telegram Passport with the identity verification support from Sumsub.

Back in February, iHodl reported that EXMO officially launched a subsidiary in Turkey as a part of the launch on the Turkish market

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