Case Study: The Money Factory achieves faster, compliant user verification with Sumsub

The Money Factory Secures Prize Redemptions at Scale with Sumsub

The Money Factory, an online social casino operating across the U.S., needed a scalable solution to automate identity verification and meet strict regulatory compliance. Their challenge was to prevent fraud and ensure secure prize redemptions for a high volume of users without creating friction during onboarding. They turned to the vendor Sumsub for its comprehensive verification suite.

By implementing Sumsub's solutions, including ID verification, liveness checks, and non-document verification like SSN checks, the casino streamlined its processes. The results were significant, with Sumsub helping to reduce the median verification time to just 12 seconds and increase the pass rate to 88%. This led to a more efficient user experience, improved fraud prevention, and optimized revenue through higher conversion rates and reduced chargebacks.

The Money Factory