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TLDR:
Regtech Sumsub has joined the MENA FinTech Association (MFTA) to drive business growth in the MENA region and raise awareness about identity fraud. The partnership will also help foster innovation in the fintech sector.
Regtech Sumsub has become a member of the MENA FinTech Association (MFTA) with the aim of promoting business expansion in the MENA region and increasing awareness about identity fraud. By joining the association, Sumsub has demonstrated its commitment to establishing and enhancing industry connections and fostering innovation in the fintech sector. The MFTA offers members access to a collaborative community and provides a platform for networking opportunities, learning, and growth.
The MENA region has witnessed significant growth in the fintech sector in recent years, with an increasing number of start-ups and established companies operating in the region. Fintech firms in the MENA region face unique challenges, including regulatory compliance and managing identity fraud. Sumsub’s expertise in regulatory technology (regtech) will support the MFTA’s efforts to address these challenges and contribute to the growth and development of the fintech sector in the region.
Sumsub’s inclusion in the MFTA is expected to provide a boost to the regtech industry in the MENA region by driving business growth and promoting collaboration among fintech companies. The partnership will also help enhance public awareness about identity fraud and encourage the adoption of innovative solutions to combat financial crime.
The MENA FinTech Association (MFTA) is a non-profit organization that works to promote the growth and development of the fintech sector in the Middle East and North Africa (MENA) region. The association aims to create a collaborative ecosystem where fintech companies, regulators, investors, and other stakeholders can connect, share knowledge and best practices, and work together to overcome challenges and drive innovation in the sector.
Sumsub is a regulatory technology (regtech) company that offers identity verification and compliance solutions for fintech companies. The company’s platform helps businesses meet regulatory requirements and combat fraud by verifying user identities and conducting thorough due diligence checks. Sumsub’s technology is designed to be flexible and scalable, making it suitable for a wide range of industries and use cases.
The collaboration between Sumsub and the MENA FinTech Association (MFTA) is expected to have a positive impact on the regional fintech ecosystem by promoting business growth, fostering innovation, and raising awareness about identity fraud. By joining the MFTA, Sumsub has demonstrated its commitment to supporting the development of the fintech industry in the MENA region and helping companies overcome regulatory and compliance challenges.
