Case Study: Indacoin boosts order volume and strengthens fraud prevention with Sumsub

Indacoin Beats Fraud and Boosts Number of Orders with Sumsub

Indacoin, a UK-based fiat-to-cryptocurrency exchange, faced significant challenges with fraud and scaling its internal security system to meet growing B2B and B2C client demand while ensuring regulatory compliance. They turned to the vendor Sumsub to implement an advanced KYC/AML and KYB verification solution to address these issues.

By integrating Sumsub's automated verification, which includes biometric liveness checks and fraud detection, Indacoin drastically improved its onboarding process. The results included a faster 3.6-minute average verification time, an 80% pass rate, and the ability to handle up to 3,000 checks monthly, all while saving resources on legal support and enhancing security.

Indacoin