November 2024

In November, we have made changes to the use of VPN during Address Verification and improved Travel Rule data exchange. Transaction Monitoring has been updated with the new features, as well as changes to the data display. We have redesigned the modules and pages in the Dashboard to increase the level of clarity and conciseness. Also, the KYB 2.0 steps have been enabled for all clients and the Questionnaire functionality has been supplemented with the new settings.

More updates are on the way!

November 1 -> November 8

Transaction Monitoring

Multi-Factor Weighted Scoring

We have released a new feature for calculating the risk score more thoroughly—you can add weights to tags, then add the tags to your rules and get a more accurate risk assessment.

Also, the Assessment tab has been provided with a functionality to display groups of transactions/rules based on their risk types.

Report indicator in Cases table

The Cases table has been updated—once a regulatory report is generated from the case, you will see a tag showing the report type and a flag identifying a particular jurisdiction.

Rules rearrangement

Now there are separate sections for the Active and Test rules. Within each section, the rules will be displayed in an updated order—from the most critical ones to the cases that do not require urgent consideration:

  • Reject
  • On Hold
  • Awaiting user
  • Scoring
  • Pre/Post scoring
  • Failed rules
Learn more about Rules ->

Improved data transparency for Payment Source checks

More data clarity and visibility have been provided:

  • In the Payment source check, the more detailed information on the mismatches between specific data points will be displayed to applicants.
  • If an action is created from a transaction, the number of the transaction will be shown directly on the tab of the check.
Learn more about Transaction Monitoring ->

Travel Rule

Enhanced PII support for Travel Rule data exchange

From now on, all relevant personal data (DoB, country of residence, address, etc.) can be included in the Travel Rule data transfers in the Dashboard.

Adjustments for internal messaging between VASPs

The Tags and Attachment tools have been delivered to enrich messaging between VASPs on the Sumsub Travel Rule network.

Learn more about Travel Rule ->

Dashboard

Duplicates module redesign

The Duplicates module has been split into three tabs—Duplicates, Blacklist, and Face Matches. New design has improved clarity, space take up, and separation between applicants on different keys.

Available Database Products page update

The Available Database Products page has been released in the Dashboard to help you learn more about the Database solutions and manage them.

The Deposit/Enterprise accessibility:

  • View information about all Database products and solutions in detail.
  • Learn additional product details using the Contact Support button which offers subject items, chatbot communication, and support agent connection.
  • Contact our Customer Success team to discuss product implementation and commercial details via the Enable button.

The Self-service (Basic and Compliance Plan) accessibility:

  • View all Database products and solutions in a reduced format.
  • Easily access our technical documentation which provides supporting information concerning Database Solutions.

New applicant list design

The table with the list of applicants both Individuals and Companies has been beautified. The appearance has become more smooth and in line with the rest of the design updates.

Questionnaire

Multi countries in Questionnaire

A new setting has been delivered to allow selecting multiple countries while filling out a questionnaire. The feature is available only within the WebSDK 2.0.

New API method

A new API method for getting a questionnaire structure (title, names, questions, descriptions) has been added.

Learn more here ->

Business Verification

KYB 2.0 steps expand

The KYB 2.0 steps have been enabled for all clients and all major issues have been fixed.

Learn more about Business Verification ->

Address Verification

Checking VPN for Geo as PoA

Now, when conducting Geo as PoA verification, we request applicants to disable all the services that may affect accurate geolocation positioning, such as VPNs and other location services.

Learn more about Geo as PoA verification ->

November 11 -> November 15

Travel Rule

EU regulations bundle

A new Travel Rule bundle has been delivered to ensure compliance with the EU travel rule regulations. Once the EU Travel Rule fields validation is enabled, all of the transactions (incoming and outgoing) will be covered and validated against the corresponding regulations.

The bundle can be edited to meet any needs.

New CODE integration

The Sumsub Travel Rule validation capacity has been expanded—the CODE integration has been implemented. It brings more high-quality data exchanges and thorough transfers conducted within the largest cryptocurrency exchanges in the world.

Learn more about Travel Rule ->

SDK

Language settings adjustments in WebSDK 2.0

Few more fresh updates in our WebSDK 2.0:

  • From now on, when initializing the SDK, you can pass a translation name (translationName). See the list of WebSDK 2.0 attributes and learn how to attach translations to levels.
  • The list of languages has been updated—now it displays the language name in both the original language and in English.
Learn more about WebSDK ->

November 18 -> November 22

Business Verification

Settings update

From now on, companies can be logged as Representative and UBOs.

Company structure improvement

Company Structure has been visually improved:

  • Selected company is marked by a blue chevron.
  • Same applicants in the structure are highlighted by a blue frame.
  • Level name can be linked to the settings overview.

Data editing

You can edit the percentage of ownership at the time of linking Existing associated parties.

Government entities

  • Company type Public Agencies or Authorities has been added.
  • Verification of the Canada Federal Corporation is now supported.
Learn more about Business Verification ->

Transaction Monitoring

Elliptic for Crypto Transaction Monitoring

Elliptic integration is now available. This solution allows Sumsub to unify the workflows and adjust the demos of this provider, thereby streamlining your operations.

Learn more about Elliptic ->

Transaction notes

Now you can get notifications about transaction notes in the Dashboard and/or to your email.

Learm more about Transaction Monitoring ->

Workflow Builder

Examples section launch

A new Welcome Screen and an Examples section have been added to the Workflow Builder for better clarity and understanding of the tool.

In the Examples section, you can view the most common custom workflows with a case description and a detailed workflow diagram.

Learn more about Workflow Builder ->

SDK

New language in WebSDK 2.0

  • Norwegian
Learn more here ->