Velmie and Sumsub Partner to Help EMIs Scale Faster with Built-In Compliance

Velmie, a provider of digital banking technology for payment institutions and financial service providers, today announced a strategic partnership with Sumsub, a global verification and fraud prevention leader. The joint offering enables institutions to launch and scale payment products rapidly while maintaining full operational control and built-in end-to-end compliance.

As EMIs face increasing regulatory scrutiny and rising fraud risks, balancing speed, scalability, and compliance has become mission-critical. The Velmie–Sumsub partnership addresses this challenge by embedding full-cycle verification, AML controls, and real-time fraud prevention directly into a modular payment infrastructure.

Velmie provides a flexible, API-first platform designed for payment institutions to build, launch, and operate modern payment products. The solution supports multi-currency accounts, payment processing, card issuing, digital wallets, back-office operations, and partner integrations giving EMIs structured system integration, operational traceability, and controlled scalability from day one.

Sumsub complements this infrastructure with a full-cycle verification platform built for payment providers. From onboarding in second to ongoing transaction monitoring, Sumsub’s no-code system adapts to AML policies, market demands, and evolving risk levels without slowing down transactions.

EMIs can onboard customers in as little as 30 seconds, on average, using automated, error-free KYC/AML flows that reduce operational costs by up to 40%. Risk-based pre-screening blocks bad actors before they enter the ecosystem, while real-time transaction analysis detects card fraud, account takeovers, and chargebacks by analyzing thousands of data points per transaction. Dynamic risk assessments continuously identify and mitigate emerging threats across the entire payments journey.

“Speed and compliance must go hand in hand in modern fintech. By integrating Sumsub’s verification and compliance infrastructure into the Velmie platform, we are giving our clients the ability to onboard customers seamlessly while maintaining the highest security standards. Together, we are helping financial institutions reduce risk, accelerate onboarding, and build trusted financial products at scale.” - Slava Ivashkin, Founder and CEO at Velmie.

“EMIs today are under pressure to grow quickly without compromising regulatory resilience. Our partnership with Velmie ensures that compliance is not an afterthought or a bottleneck, but a core layer of the infrastructure from day one. Through the integration of full-cycle verification and risk management directly into the payment stack, we’re enabling institutions to scale confidently across markets while staying ahead of evolving fraud and AML requirements.” — Thomas Taranuik, Head of Partnerships, EU/UK at Sumsub.

By combining Velmie’s modular platform with Sumsub’s adaptive compliance and fraud prevention capabilities, the partnership provides EMIs with a complete foundation to build, operate, and scale secure payment ecosystems in today’s demanding regulatory environment.