Noah and Sumsub partnership slashes onboarding times by 63% for global finance firms

Noah has teamed up with Sumsub to streamline user onboarding for financial companies around the world. The partnership aims to deliver faster, borderless, and scalable verification processes. Early results show significant improvements in speed, success rates, and customer retention for Noah's clients.

The collaboration has already made a measurable impact. Noah's clients now experience a 220% year-on-year increase in successful identity verifications. Onboarding times have dropped by 63%, while user abandonment rates have fallen by 56%. These gains come from Sumsub's automated verification and Noah's Reusable KYC framework, which allows users to skip repeated checks if they've been verified before at any of Sumsub's 4,000+ partner institutions.

Screening review times have been cut by more than half. Reusable identity solutions have slashed verification times by up to 70%, making the process nearly instant for returning users. Noah ensures full regulatory oversight remains in place, even when reusable identity is used, keeping compliance intact.

The partnership has also expanded Noah's monthly KYC capacity by almost double. This growth helps clients enter new markets more quickly, supporting their push to build the next generation of global financial services. Both companies aim to set a higher standard for onboarding and verification in the finance sector.

Noah's clients can now onboard users in seconds, with better accuracy and stronger fraud protection. The partnership with Sumsub has improved efficiency, reduced drop-offs, and allowed faster expansion into new regions. Financial firms using the system gain a scalable solution that matches the speed of their own product growth.