Success stories
ChainUp Accelerates Verification with Sumsub
Sailor Zhong
CEO of ChainUp
Sailor Zhong is a Founder and CEO at ChainUp. He once served as the technical director of Baidu SNS Division and formed Baidu’s technical team from the very beginning. Prior to the foundation of CHAINUP technology, he worked as CTO at the P2P car rental platform START (PP car rental) which is well know in China.
60M+
end users utilizing applications
1000+
clients
30+
countries and regions of coverage
Driven by a mission to empower businesses through blockchain technology, ChainUp’s innovative and compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management.
The Challenge
As compliance is important in the blockchain industry, ChainUp needed to ensure their exchanges were compliant with regulations and performing proper KYC/AML verification. ChainUp needed a solution to help their clients streamline the process, reduce the workload, and ensure compliance with regulations.
Why Sumsub?
ChainUp chose Sumsub in March 2022, aiming to automate the verification process for their crypto exchange and fintech clients. Being an industry leader, Sumsub was an easy choice, given its advanced verification technology, large databases, document recognition tech, and risk-scoring capabilities. As compliance became important in the blockchain industry, all this promised quick and reliable user verification for ChainUp. Now Sumsub is integrated as an add-on to the ChainUp solution.
Sailor Zhong
CEO of ChainUp
As a strategic partner, we have recommended Sumsub’s KYC/AML solutions to our clients for deployment alongside our white-label solutions. Our clients have provided positive feedback on Sumsub’s extensive database, automated systems, and robust compliance and risk management features.
The Solution
Sumsub’s KYC/AML verification solution helped ChainUp’s clients meet regulatory requirements and reduce the time and resources needed for verification. The partnership has since been successful, enabling ChainUp to provide their clients with a fully-automated KYC/AML identity verification.
Sailor Zhong
CEO of ChainUp
By developing our products with Sumsub, we try to give customers the best solution while staying compliant with regulations. Partnering with Sumsub allows us to discover new regions and industries, developing business and new revenue streams.
Implementation
Sumsub’s API and tutorials made it easy for ChainUp’s developers to implement the solution for their clients. The deployment process was smooth and took one month to complete.
Sailor Zhong
CEO of ChainUp
Our experience with Sumsub’s integration process was positive. The tech support team was prompt in answering questions and assisting throughout the integration process.
Future plans
As the blockchain industry continues to grow and evolve, ChainUp is committed to expanding their offerings and partnerships to serve their clients better. The company will continue to focus on developing a complete suite of blockchain technology solutions for businesses.
Partnering with Sumsub will help ChainUp find the perfect balance between compliance and pass rates with their smooth, secure, and global verification solution. The company also aims to explore more solutions with Sumsub, including Asset Custody and Digital banking to improve compliance standards, reduce costs and improve efficiency.
- Crypto
- Singapore
Company
Founded in 2017, ChainUp is a leading end-to-end blockchain technology solution provider covering infrastructure development and ecosystem support.
5 offices
250+ employees
With Sumsub since March 2022
