Case Study: The Kingdom Bank achieves faster onboarding and 48% revenue growth with Sumsub

The Kingdom Bank Grows Revenue by 48% after Onboarding Sumsub

The Kingdom Bank, a provider of next-generation digital banking services, needed a robust KYC/KYB solution to automate and secure its customer onboarding. After previous tools failed to meet expectations for interface and speed, they implemented Sumsub's identity verification platform to streamline operations and ensure global compliance.

Sumsub provided a comprehensive API-first solution featuring document verification, facial recognition, and liveness checks. This integration reduced the bank's onboarding time from three days to under two minutes and achieved a 92% pass rate. The enhanced process and security led to a remarkable 48% revenue growth for The Kingdom Bank.

The Kingdom Bank