Information Technology
Sumsub Launches Local Data Processing Infrastructure for the Middle East and Africa to Help Businesses Stay Compliant
In the past couple of years, the privacy legislation in the Middle East has evolved drastically to incorporate more requirements similar to the European GDPR law. The focus on local data protection remains firm, and companies who operate or are willing to expand to the regional markets should take these requirements into consideration. Sumsub's new solution is designed to assist businesses in overcoming their compliance challenges in fast-developing MEA economies.
LDP (Local Data Processing) is an infrastructure that enables secure storage and processing of applicant data and transactions within specific regions, ensuring compliance with local data privacy regulations. In other words, this is an advanced data management solution aimed at ensuring a secure, compliant, and user-friendly personal data storage for Sumsub clients in the MEA region.
of using the LDP solution for businesses are:
says .
To ask a question about Sumsub's LDP solution and request a demo, please email us at
ldp@sumsub.com
Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub's customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.
Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Lbank, Bitpanda, Wirex, Avis, Bybit, Huobi, Ekar, Kaizen Gaming, Moove and TransferGo.
View original content: https://www.prnewswire.co.uk/news-releases/sumsub-launches-local-data-processing-infrastructure-for-the-middle-east-and-africa-to-help-businesses-stay-compliant-302168905.html