{"id":549155,"date":"2023-07-24T12:26:49","date_gmt":"2023-07-24T11:26:49","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=549155"},"modified":"2023-07-25T05:38:08","modified_gmt":"2023-07-25T04:38:08","slug":"sumsub-set-to-establish-its-apac-headquarters-in-singapore","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/sumsub-set-to-establish-its-apac-headquarters-in-singapore\/","title":{"rendered":"Sumsub opens new APAC headquarters in Singapore"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-549165 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/Sumsum.jpg\" alt=\"Sumsub, verification, Fraud Management, Singapore, APAC, Hong kong\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/Sumsum.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/Sumsum-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/07\/Sumsum-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Sumsub, a Cypress-based verification <a href=\"https:\/\/sumsub.com\/\">provider<\/a>, has announced making Singapore its APAC headquarters, forging vital partnerships, and serving new clients in Singapore, Hong Kong and beyond.<\/p>\n<p>This strategic move comes in response to the escalating threat of identity fraud in the region with the rise in digital startups.<\/p>\n<p>Singapore has seen a sharp rise in digital assets and FinTech businesses. By capitalizing on Singapore\u2019s global financial stature and tapping into its startup space, Sumsub aims to establish partnerships and extend its reach in the wider region.<\/p>\n<p>\u201cThe Asia-Pacific region is one of our top priorities for global expansion. Here, digital startups, especially FinTechs, are booming, and we see huge business opportunities in the APAC market since instant user onboarding and strong fraud protection are in high demand. Sumsub has already helped thousands of global Western and Eastern companies build high-conversion verification flows while keeping fraud at bay and ensuring regulatory compliance\u2014and we\u2019re ready to serve more customers and partners in the APAC region,\u201d said <strong>Andrew Sever, Co-founder &amp; CEO of Sumsub.<\/strong><\/p>\n<p>With years of international experience and Asian clients in its portfolio, Sumsub has developed a product that allows companies to maintain high fraud protection and stay compliant with various KYC, KYB and AML regulations.<\/p>\n<p>Sumsub breaks down borders for businesses by offering the best customer experiences customized to different jurisdictions, all while providing the highest pass rates across both emerging and developed markets.<\/p>\n<p>The platform has appointed Penny Chai as its leading representative in Singapore, responsible for business development and operations in the APAC region.<\/p>\n<p>\u201cWe are thrilled to announce the opening of our new regional headquarters in Singapore, marking an exciting milestone for our company in the APAC region. With our extensive experience and best practices worldwide, we are excited to work closely with our partners and businesses to foster a more secure business environment in the region,\u201d shared <strong>Penny Chai, VP of Business Development, APAC at Sumsub.<\/strong><\/p>\n","protected":false},"author":35800,"featured_media":549165,"parent":0,"template":"","categories":[11372],"tags":[11864,37128,13692,37127,11992,11853,23626,37130,12466,11762,23920,37129,13643,11884,11478,13812,20904],"class_list":["post-549155","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-risktech","tag-apac","tag-apac-headquarters","tag-binance","tag-bitwallet","tag-collateral-management","tag-credit-risk","tag-cyber-security-solution","tag-digital-startups","tag-financial-risk-management","tag-fraud-management","tag-fraud-protection-solution","tag-full-cycle-verification","tag-hong-kong","tag-liquidity-risk","tag-singapore","tag-sumsub","tag-verification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sumsub set to establish its APAC headquarters in Singapore<\/title>\n<meta name=\"description\" content=\"Sumsub, a verification provider, has announced to make Singapore its APAC headquarters, forging vital partnerships...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/sumsub-set-to-establish-its-apac-headquarters-in-singapore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sumsub opens new APAC headquarters in Singapore\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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