Case Study: Xace cuts onboarding costs by 50% with Sumsub

Xace Cuts Onboarding Costs by 50% with Sumsub

Xace, a Malta-based alternative banking and payment account provider serving iGaming businesses across the UK and Europe, needed a better way to manage compliance as it grew past 1,200 active B2B clients. Although it had automated KYC in place, its KYB checks were still handled manually, and KYC and KYB were split across different systems, creating inefficiencies, bandwidth issues for the compliance team, and slow reporting.

With Sumsub, Xace centralized KYB, KYC, and Transaction Monitoring into a single compliance platform using Business Verification, User Verification, and ongoing Transaction Monitoring. The implementation was fast, with sandbox and production access in 24 hours, and after integration and team training, Xace reduced onboarding costs by 50% while improving compliance efficiency and gaining a complete view of customer and counterparty screening through Sumsub.

Xace