Sumsub and TELUS Digital: A Powerful Partnership
In today's rapidly evolving digital landscape, securing the workforce has never been more critical. With companies expanding their reach globally, the need for streamlined processes in employee verification and onboarding has risen to the forefront. Sumsub, a renowned full-cycle verification platform, has joined forces with TELUS Digital, a leader in global technology, to provide outstanding remote employee verification services.
Revolutionizing Employment Processes
Sumsub is set to enhance TELUS Digital's employee lifecycle, bringing forth a suite of advanced digital tools. These tools will be used throughout various phases of the employment journey—from recruitment through onboarding and routine logins during the workday. Solutions like Phone and Email Verification, IP Risk Assessment, and ID Verification are now at TELUS Digital's disposal to ensure a secure workforce.
Advanced Technologies at Work
Sumsub's Optical Character Recognition (OCR) technology dramatically enhances the verification process. This AI-based system converts a variety of document types—including PDFs and images—into machine-readable formats. It supports numerous languages and special characters, making it a powerful tool for verifying employees, no matter what documents they submit.
Identity Security in Focus
As identity fraud becomes a pressing issue for businesses worldwide, the partnership between Sumsub and TELUS Digital comes at a crucial time. Recent statistics show alarming growth in identity fraud attacks, increasing from 1.1% to 2.6% over recent years. Such data highlights the need for effective verification systems to prevent both external and internal threats.
The Cost of Internal Fraud
The financial impact of internal fraud can be staggering. Organizations with over 10,000 employees can expect to face median losses averaging $200,000 from such incidents. As remote work options expand, the risk of occupational fraud rises, making it essential for businesses to enforce robust verification systems throughout the employment lifecycle.
A Commitment to Security
Andrew Sever, co-founder and CEO of Sumsub, shared insights on the partnership, emphasizing its commitment to ensuring secure onboarding for remote teams globally. Both Sumsub and TELUS Digital are focused on providing top-notch customer experience without sacrificing security, showcasing a shared vision that pushes for excellence.
Building a Safer Digital Future
With innovative technologies and custom solutions, the alliance aims to bolster market growth while ensuring compliance with safety regulations. This strategic partnership not only aims to enhance security protocols but also nurtures a digital future that is accessible and protected for all users.
Exploring Further Opportunities
Sumsub provides a complete verification platform that navigates the complexities of onboarding while maintaining compliance with anti-money laundering (AML) regulations. Its customizable offerings extend to KYC, KYB, and Fraud Prevention solutions, enabling companies to embrace a broader customer base while minimizing risks.
About the Partners
TELUS Digital boasts over 20 years of experience in customer experience (CX), ensuring that their clients benefit from secure and leading-edge digital interactions. By integrating artificial intelligence and forming critical industry partnerships, TELUS Digital enhances capabilities to combat fraud and maintain regulatory compliance, thus safeguarding the interests of the businesses they serve.
Frequently Asked Questions
What does the partnership between Sumsub and TELUS Digital entail?
The partnership focuses on enhancing remote employee verification and onboarding processes using advanced digital tools.
How does Sumsub's technology improve the verification process?
It utilizes Optical Character Recognition (OCR) technology to convert various documents into machine-readable formats, supporting numerous languages.
Why is identity fraud a growing concern for businesses?
Data shows a significant increase in identity fraud attacks, emphasizing the need for robust verification systems.
What are the risks associated with internal fraud?
Internal fraud can lead to substantial financial losses, especially in large organizations, making security checks critical.
What solutions does Sumsub provide for businesses?
Sumsub offers a complete verification and monitoring platform, including KYC, KYB, and fraud prevention solutions to help businesses comply with regulations and reduce risk.
