Now, more than ever businesses are subject to the pressures of fraud and compliance in our constantly changing digital world. Defending sensitive and proprietary data while maintaining vigorous and secure operations are greater than ever, particularly as remote workers and digital investments continue to surmount. TELUS Digital has partnered with Sumsub, one of the leading identity verification platforms. Collectively, they are addressing these hurdles by offering improved security and compliance assurance. Calloutcoin.com details how this collaboration can significantly help businesses. It’s particularly useful for global corporations who just can’t get ahead of fraud prevention efforts or regulatory enforcement demands.
Benefits of the TELUS & Sumsub Partnership
TELUS Digital and Sumsub have maintained a productive and effective collaboration. Symbolically combined, they give businesses powerful tools to address identity verification and fraud prevention respectively, often at odds with one another. This collaboration brings together TELUS Digital's comprehensive digital solutions and Sumsub's advanced identity verification technology, creating a powerful combination for businesses seeking to enhance their security posture. The ultimate goal is to equip businesses to do so safely and effectively amid a growingly perilous digital landscape.
Perhaps the biggest advantage from this collaboration is increased remote employee verification and onboarding efficiency and security. As companies adopt more remote work, it’s become increasingly important for employers to work with remote teams that are well vetted and compliant. With Sumsub’s smart tech, onboarding of remote global task forces becomes quick, smooth and safe, minimizing the risk of any danger to missions. Sumsub provides a unique tool stack to TELUS Digital. All of these tools in this stack will be implemented at every stage of the employee lifecycle like recruitment, onboarding and daily logins during the workday.
Additionally, the seamless adoption of Sumsub’s solutions helps companies advance security, regulatory compliance, and identity fraud prevention. This provides certainty for businesses to make decisions with confidence. They have the confidence that they are doing everything they can to minimize risks and maintain compliance with robust measures in place. Sumsub provides a complete technology stack that includes phone and email verifications. It features IP risk assessment and ID verification, fueled by the company’s proprietary OCR technology.
Streamlined Onboarding and Cost Savings
Sumsub’s suite helps you fulfil Know Your Customer (KYC) checks in a single pass. Once verified, users can easily—and more importantly—securely, reuse that identity across a variety of services. By cutting unnecessary repetition and speeding up the onboarding process, this can save considerable costs. With a more seamless onboarding experience, businesses of all sizes can utilize their energy and assets toward driving growth and innovation within their respective fields. The partnership helps businesses comply with growing expectations to strengthen compliance, reduce fraud risks, and onboard customers quickly without adding operational complexity.
This more efficient process saves both time and money while improving the user experience on the web overall. Quicker onboarding equals happier new employees & new customers, less friction, more delight, more retention. Sumsub’s identity verification solutions automate and simplify remote onboarding workflows. These features include AI-based Optical Character Recognition (OCR) for document verification, as well as email or phone verification, IP risk assessments and liveness detection.
Sumsub’s customized security solutions prevent bad actors’ attacks and allow you to keep costs down with scalable security. The partnership adds an additional layer of security to TELUS Digital's end-to-end process designed to protect clients' interests, including the customers they serve. To combat these new threats – such as those created by synthetic identities – Sumsub’s solutions provide layered security and fraud detection to protect against emerging security risks.
- Reduced redundancy in KYC checks
- Improved onboarding speed
- Significant cost savings
- Enhanced user experience
Enhanced Security Measures
Sumsub’s AI-powered Optical Character Recognition (OCR) tech makes it easy to automate employee verification. It is compatible with any document format and any language, eliminating identity fraud almost entirely. To prevent fraud, Sumsub’s systems verify documents with AI-based OCR, email and phone verification, IP risk assessments, and liveness detection. This means that government and private businesses never stop hiring, onboarding, and, with confidence, employing verified and compliant team members, contractors, and other contributors.
Yet the landscape is riddled with fraud and compliance burdens. In short, the collaborative effort between TELUS Digital and Sumsub provides businesses with an incredible head start on their competition. By using trusted identity verification technology, companies can prevent more fraud, be more compliant, and operate more efficiently. This allows them to work more efficiently and securely, providing them with a clear competitive advantage in the marketplace.
How the Partnership Provides a Competitive Edge
By integrating AI-powered identity verification, TELUS and Sumsub help businesses set new industry standards for fraud prevention, compliance, and digital trust. Sumsub’s solutions allow TELUS Digital to enjoy the benefits of fast, secure and compliant onboarding of its global talent. This streamlined approach is far less susceptible to internal fraud. This collaboration ensures TELUS Digital can confidently onboard verified, compliant team members within a predictable time frame. It simplifies the onboarding process for contractors and other non-initiators contributors.
Together, TELUS and Sumsub are taking a smarter approach to address the changing landscape of fraud and compliance. Together, they address the challenges that we face in this digital age. This partnership gives local businesses tools they need to authenticate identities and protect against fraud. It leads to compliance with industry regulations and raises the bar for security and trust in the industry standard.
Ultimately, the TELUS & Sumsub partnership represents a proactive approach to addressing the evolving challenges of fraud and compliance in the digital age. By providing businesses with the tools they need to verify identities, prevent fraud, and comply with regulations, this collaboration sets a new standard for security and trust in the industry.
