Sumsub announced that it has teamed up with Onda Più, an energy services company based in Sicily.
Together, the two companies are supporting digital user onboarding and fraud prevention for Italian electricity and natural gas services.
This collaboration will help Onda Più ensure smooth verification procedures “for both individual customers and companies, protecting consumers from fake service subscriptions and other scams.”
By integrating Sumsub’s solution, Onda Più seeks to “maintain high client acquisition rates while keeping fraudsters at bay.”
The key features provided by Sumsub “include Identity Verification, Liveness (facial biometrics) checks, IP and Geo Intelligence, Applicant Risk Scoring, Phone and Email Risk Assessment, and Device Fingerprinting.”
Francesco Pagliari, Managing Director at Onda Più said:
“By implementing Sumsub’s digital verification solution, we aim to have 100% awareness in our new customer onboarding process. This collaboration highlights our commitment to safeguarding the user experience for existing and new clients, and to offer our energy services only to genuine customers.”
Peter Sever, co-founder and Chief Strategy Officer at Sumsub, said:
“We are thrilled to offer our platform’s capabilities to Onda Più, an innovative client-focused energy provider in Italy. Sumsub is open to establishing collaborations in new industries and countries, furthering our mission to create a safe, accessible, and inclusive digital future for all.”
As noted in the update, Onda Più is described as “an energy services company based in Siracusa, a historic Italian city in Sicily.”
The company was founded in 2008 and is part of “the Eneron Group, which engages in solar and green hydrogen plant development.”
The group manages around 50K customers “for energy and gas services.”
As covered, Sumsub has teamed up with Mercuryo, a global payments infrastructure platform, to publish a detailed update for Virtual Asset Service Providers (VASPs), titled “Mastering Travel Rule Compliance”.
The update reportedly covers everything businesses in “the digital token space need to know about the Travel Rule and how to implement it effectively to stay compliant.”
The Travel Rule, which is “a set of guidelines introduced by the Financial Action Task Force (FATF), requires financial institutions engaged in virtual asset (VA) transfers to collect and share the personal data of senders and recipients in transactions.”
Adherence to the Travel Rule are key anti-money laundering (AML) and counter-terrorism financing (CTF) measures that enable VASPs and financial institutions “to stay fully compliant with cryptocurrency regulations, avoid regulatory penalties and maintain their licenses.”
