Cryptocurrency exchange Exmo have joined forces with KYC-specialists firm Sumsub to improve their identification processes on their platform. The new deal with Sumsub will see Exmo battle two issues at once, provide smooth onboarding and battle the growing risk of identity fraud. Subsum will help EXMO do this by providing them with what they describe as “cutting-edge AI-based solution” which helps to quickly and easily confirm a customer’s identity. Overall, the partnership with Sumsub is expected to shave 2 minutes of the currency account creation time. EXMO will also begin to include Telegram Passport. This allows you to save your identification details which will be encrypted on Telegram for quick and easy access at a later date. Sumsub are also ahead of the pack when it comes to compliance and legal knowledge surrounding identity procedures too, which they will also be assisting EXMO with. As such, all elements of new traders joining Exmo will be more streamlined and above board than ever before, allowing for an all-around better customer experience. Speaking on the partnership, CEO at EXMO, Sergey Zhdanov, explained the hopes for the new deal, “Integrating Sumsub will optimize the overall verification costs and improve our relationships with clients. The onboarding process time will be decreased to a couple of minutes while the security will become more robust. With Sumsub solution our compliance officers will manage their time effectively, brainstorming over important issues that conquer new heights in terms of company development. Not to forget about automatic reporting that will save us the nerves of worrying to miss out on regulatory demands.” Head over to EXMO and set up your account quicker than ever now.