Case Study: Orenda Financial Services boosts user verification with Sumsub

Orenda Boosts User Verification with Sumsub

Orenda Financial Services, a UK fintech providing embedded financial services, needed a better way to automate user verification and reduce the errors, limited reporting, and difficult integrations they had experienced with previous providers. They were looking for a comprehensive solution that could handle KYC and KYB in one streamlined process, with stronger checks and better visibility.

Orenda Financial Services chose Sumsub and fully integrated Sumsub’s platform into its onboarding flow, using ID, email and phone verification, liveness, proof of address, business verification, and AML screening for PEPs, sanctions, and adverse media. With Sumsub, Orenda achieved a 70% approval rate and a median verification time of 2 minutes 40 seconds, while also completing integration in just one month and improving revenue growth through a smoother user experience.

Orenda Financial Services