Case Study: Bullwaves achieves faster, lower-cost onboarding with Sumsub

Bullwaves Scales Efficiently, Cutting Onboarding Costs by 30%

Bullwaves, a regulated multi-asset brokerage firm, needed a verification solution to support its rapid global growth without compromising efficiency or cost. Their challenges included a high rate of document rejections and limited customization in their onboarding flow. They turned to Sumsub for its automated identity verification and KYC services to address these scalability and compliance needs.

By implementing Sumsub's solution, Bullwaves automated its KYC checks, including ID and address verification and AML screening. This resulted in a 50% month-over-month increase in registration rates and reduced onboarding costs by 30%. The automation provided by Sumsub allowed the company to scale efficiently without increasing headcount and accelerated client activation.

Bullwaves