Global verification platform brings AI-driven identity and compliance expertise to FDATA’s growing coalition of data-driven innovators
Contact: Laine Williams, (202) 897-4757, lwilliams@allonadvocacy.com
Washington, DC, November 7, 2025 – The Financial Data and Technology Association (FDATA), a trade association representing more than 30 financial technology firms and consumer-permissioned data access platforms across the U.S. and Canada, today announced the addition of Sumsub as its newest member.
Sumsub is a global verification platform on a mission to create a safer digital world through advanced identity verification and AI-driven fraud prevention, enabling secure, paperless onboarding worldwide. By joining FDATA, Sumsub brings deep expertise in digital compliance and trust infrastructure to the association’s coalition of innovators advocating for a transparent, competitive, and consumer-centric financial data ecosystem.
“Trust is the foundation of open finance,” said Steve Boms, Executive Director of FDATA. “Sumsub’s technology helps ensure consumers can share their financial data safely and confidently, advancing FDATA’s mission to empower people and businesses through secure, permissioned data access.”
Sumsub provides modular solutions for KYC, KYB, transaction monitoring, and AML compliance, serving more than 2,000 clients globally across fintech, banking, crypto and digital platforms. Its AI-powered system streamlines onboarding and fraud prevention, balancing speed, accuracy, and regulatory rigor.
“Joining FDATA is an exciting opportunity to collaborate with peers shaping the global open finance landscape,” said Kat Cloud, Head of Government Relations at Sumsub. “Together, we can help build a trusted infrastructure that strengthens compliance systems for businesses, protects consumers, and supports responsible innovation.”
As a member of FDATA, Sumsub will contribute to ongoing discussions on consumer protection, privacy standards, and security frameworks that enable innovation while safeguarding consumers and businesses alike.
About Sumsub
Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring – quickly adjusting to evolving risks, regulations, and market demands.
Recognized as a Leader by Gartner, Liminal, and KuppingerCole, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.
Over 4,000 clients—including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo—trust Sumsub to streamline verification, prevent fraud, and drive growth. The platform’s methodology follows leading global AML standards and regulations, and Sumsub has extensively engaged with leading research and public institutions like the UN, Statista, and INTERPOL.
About FDATA
FDATA represents more than 30 financial technology companies and consumer-permissioned data access platforms across the United States and Canada. FDATA advocates for clear, fair, and secure open finance standards that give consumers and businesses control over their financial data. Its members enable millions of people to securely access innovative financial tools that promote inclusion, competition, and transparency in financial services.
Learn more at www.fdata.global.
