Tempo remittance firm to get verification services from Sumsub
By Andrei Skvarsky.
Tempo France, a Paris-headquartered digital money transfer company, has become a client of London-based compliance-as-a-service and verification firm Sumsub.
Tempo, which is licensed by French financial services regulator ACPR, has gained access to the full range of Sumsub’s know-your-customer and anti-money laundering (KYC/AML) services, according to a statement from the London firm, which offers all-in-one tests taking less than 50 seconds on average.
The business geography of Tempo, which uses more than 100 remittance methods, is comprised of about 100 countries.
Tempo and its partner Advanced Payment Solutions, a London-headquartered prepaid card issuer trading as Cashplus Bank, foresee a joint turnover of $1.5bn for 2023 compared with the 2022 amount of $300m they expect, Sumsub said.
Sumsub has an extensive network of clients in trade and among fintech, cryptocurrency-related, transport and gaming firms.
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