Sends signs with an advanced AML screening provider Sumsub 



Electronic Money Institution Sends now partners with Sumsub, the leading verification platform for monitoring fraud. This cooperation reduces fraud and verification hurdles and makes Sends secure and stress-free for clients.

Like every financial institution, Sends seeks to onboard new clients easily, perform AML screening, verify businesses and stay compliant with all the regulations. KYC/AML for financial services is mandatory, as such businesses likely face risks associated with illicit funds and transactions. Sends chose the SumSub platform, which is an award-winning player with successful business cases.
“Now we can balance between compliance, fraud prevention and user experience,” said Anastasiia Pervushyna, Director/MLRO in Sends. “Our partner Sumsub works with documents from 220+ countries and territories with the opportunity to onboard 2B+ users document-free. Sends clients can trust us because we detect suspicious activity with Sumsub’s convenient rule system. We monitor risk signals throughout the user journey, from onboarding to transactions.”

Sends undertakes to secure every step of the customer journey and provides the compliance team with an effective instrument for AML screening against global watchlists, PEPs, sanctions and adverse media. Working with Sumsub, Sends integrates AI technologies, verification experts and data into the KYC process.

Sends provides Internet acquiring, multicurrency personal and business accounts. Opening a SEPA/SWIFT/Faster Payments bank account is available within 48 hours after submitting the necessary documents. Sends is available in the web and app versions.

Sends is a trade name of SMARTFLOW PAYMENTS LIMITED, a company established in England and Wales (registration number 11070048). One of the shareholders (owners) of this company is Alona Shevtsova, a Ukrainian businesswoman, philanthropist, and active participant in the Ukrainian fintech community.

 





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