42Flows.Tech and Sumsub Partner on KYC/AML for Banks and Fintechs
On March 23, 2023, 42Flows.Tech, a middleware development company with 15 years of banking experience, and Sumsub, an all-in-one verification platform serving over 2,000 clients, announced a strategic partnership. The collaboration aims to provide end-to-end solutions for identity verification, transaction monitoring, and AML screening for banks and fintechs. 42Flows.Tech contributes rapid integration capabilities using low-code and open-source tools, enabling fast onboarding of Sumsub's KYC solution into core banking and fintech platforms. Sumsub brings its established verification infrastructure, which already serves clients across fintech, crypto, transportation, trading, and gaming industries.
The partnership is designed to lower barriers for early-stage startups and established financial institutions looking to embed compliant identity verification workflows. No financial terms were disclosed. The deal reflects the growing demand for middleware layers that connect compliance technology providers with banking infrastructure.
- Demonstrates growing importance of middleware layers that accelerate compliance integration for BaaS and embedded finance platforms
- Lowers the barrier for early-stage fintechs to embed robust KYC/AML workflows without building in-house compliance infrastructure