Case Study: Kriptomat strengthens fraud defense and compliance with Sumsub

Kriptomat Regains Reliability in a Compliance Service That Cares

Kriptomat, a licensed international cryptocurrency exchange based in Estonia, needed a more reliable KYC/AML compliance solution after a previous provider left them exposed to fraud, imposters, and money laundering risks. The company also struggled with poor support, limited control over verification decisions, and declining conversion rates, so it turned to Sumsub for a better identity verification and compliance service.

Sumsub implemented a flexible KYC/AML flow with 24/7 support, stronger control over applicant decisions, detailed verification history, and automatically generated reports for regulatory review. As a result, Kriptomat rebuilt its fraud defenses, gained better visibility into compliance performance, and achieved a 97% hit rate, with no fraud slipping through the screening mechanisms.

Kriptomat