Case Study: Ndax achieves faster, compliant user onboarding with Sumsub

Sumsub Powers Ndax's Growth with Advanced Verification Solutions

Ndax, a Canadian cryptocurrency trading platform, faced challenges with scaling its user onboarding and ensuring regulatory compliance as its business grew. Its existing verification provider could not meet the demand for a fast and smooth process, prompting the need for a new solution. Ndax turned to vendor Sumsub for its comprehensive, AI-powered AML screening and ongoing monitoring services.

Sumsub implemented a suite of verification tools including ID verification, liveness checks, and AML screening. This solution streamlined the onboarding process for Ndax, reducing the median verification time to just 54 seconds and achieving a 94% pass rate. The partnership with Sumsub significantly enhanced operational efficiency, user satisfaction, and trustworthiness for the platform.

Ndax