Sumsub
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Case Study: El Dorado achieves faster, higher-pass-rate onboarding with Sumsub
A Sumsub Case Study
El Dorado Gateway to Financial Freedom in Latin America
El Dorado, a leading payments super-app in Latin America, needed to automate and scale thousands of daily P2P payments while improving cost predictability and API capabilities. To support faster onboarding and stronger fraud prevention, the company turned to Sumsub for KYC and identity verification.
Sumsub implemented ID Verification and Liveness through its WebSDK, later adding AML Screening and Ongoing Monitoring, Address Verification, Email & Phone Verification, Questionnaires, IP Analysis and Phone Risk Scoring, plus Ownership Verification and Corporate AML screening. The integration was seamless and took just a few days, reducing onboarding time to 18 seconds and increasing the approval rate to 99%, while improving platform security and trustworthiness.
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