Case Study: Alteway achieves 85%+ approval rates and faster verification with Sumsub

85%+ Approval Rate and Robust Fraud Controls with Sumsub

Alteway, a Lithuania-based crypto VASP founded in 2021, needed a more scalable way to handle AML, fraud prevention, and KYC as its customer base grew across the EU/EEA. Before working with Sumsub, the company relied on multiple tools and semi-automated processes that lacked workflow automation, reliable sanctions/PEP and adverse media screening, advanced liveness checks, and stronger anti-fraud controls.

With Sumsub, Alteway implemented user verification, AML screening, business verification, and Workflow Builder to automate questionnaires and internal processes. The result was a median verification time of 8 seconds, an approval rate above 85%, and stronger fraud detection, helping Alteway scale efficiently while maintaining compliance.

Alteway