Sumsub Partners with Clara to Enhance Compliance and Verification Solutions in Latin America

The partnership of Sumsub with Clara has made it possible to KYC-AML compliance and verification solutions available to businesses across Latin America, thus helping them reduce costs while complying.

Sumsub, which is a supplier of verification and compliance solutions, has announced a strategic partnership with Clara - Latin America's primary platform for corporate expenses management. This partnership will allow clients of Clara in Mexico, Colombia, and Brazil to access Sumsub's full-cycle verification platform as well as KYC/AML compliance capabilities.

With this network, Clara can use Sumsub's holistic verification and compliance tools which enable businesses to achieve the desired goal of reducing operational costs, complying with changes in regulations, and scaling internationally. Sumsub serves multiple industries; such as fintech, trading, crypto, iGaming, and mobility, concerning hassle-free KYC solutions and in-tandem anti-money laundering (AML) expertise.

The partnership with Sumsub fully supports Clara's purpose for its customers of a fast and simplified expense management system. Utilizing Sumsub's sophisticated identity verification capabilities, Clara can bring its clients to a new level of excellence against data security and regulatory compliance.

Leonardo Ramos, Clara's country manager for Mexico and Colombia, had the opportunity to point out that with this collaboration, the tool can have the ability to help businesses operate effectively and securely across Latin America. Also, Sebastian Crespo, Partnerships Manager at Sumsub, stated that the company is excited about penetrating new territory in the region by helping organizations guarantee compliance using innovative verification and compliance solutions.

This partnership is one more important step that brings both firms into strengthening industry standards with regard to sustaining growth within Latin America.