Gateway allows users to connect an existing Sumsub ID or complete a new verification, then authorise identity sharing with participating partners. MiniPay itself does not need to collect or store the underlying identity documents or biometric data. The transfer runs between Sumsub and the regulated provider.
A Conversion Claim Worth Examining
Sumsub reports that verification conversion across participating MiniPay partners increased from roughly 70% to 95%, while completion time fell by up to 50%. That is a 25-percentage-point improvement in conversion, not a 25% relative increase. The company has not provided sample sizes, observation periods or a control group, so the results should be treated as reported operating metrics rather than a universal forecast.
Eight MiniPay partners already use Sumsub. The provider also cites approximately 15 million pre-existing Sumsub identities. Those figures suggest network effects: reuse becomes more useful as more providers accept the same verified record. But acceptance cannot be assumed across every jurisdiction or product.
The company has already pursued this approach elsewhere. FinanceFeeds covered Sumsub’s reusable KYC integration with Noah, where onboarding speed and compliance controls were central to the proposition. Gateway extends the concept to a non-regulated wallet coordinating access to multiple regulated partners.
Verification Reuse Is Not Regulatory Outsourcing
The distinction is legal as well as operational. A provider can receive verified identity information from Sumsub and still need to run sanctions screening, customer risk assessment, enhanced due diligence or periodic reviews under its own policies. Identity verification answers who the customer appears to be; it does not by itself establish whether a particular transaction is acceptable.
Consent is necessary for the proposed sharing flow but does not substitute for a lawful basis, data protection controls or retention policies. A reused identity can also become stale. Documents expire, risk profiles change and sanctions lists are updated.
Andrew Novoselsky, Sumsub’s Chief Product Officer, said one in three applicants the company sees has previously verified with it. That overlap explains the product logic, although it does not tell us how often those earlier checks satisfy a new provider’s requirements without further work.
Who Benefits From a Shared Identity Network?
For MiniPay, the advantage is avoiding custody of sensitive personal information while improving access to partners. For regulated partners, the attraction is fewer abandoned applications and lower document-processing costs. For Sumsub, the business moves beyond selling isolated checks toward operating an identity network whose utility increases with adoption.
That also concentrates dependence on the provider’s availability, data quality and security. A networked verification service can remove duplicated work while creating a shared point of operational exposure. FinanceFeeds has examined Sumsub’s automation of compliance workflows and the broader trade-off between speed and customer trust. The same tension runs through reusable identity.
The immediate achievement is not the end of KYC. It is a different allocation of the work: verify once where permissible, share with consent, and leave the regulated institution accountable for its own decision.
