Sumsub is scaling its local team to respond to regulatory shifts and emerging fraud patterns affecting Philippine financial institutions.

The company is co-creating solutions tailored to the domestic market alongside local partners such as Nexus Technologies.

Andrew Sever, Co-founder and Chief Executive Officer of Sumsub, noted that rapid growth in fintech and digital payments makes the Philippines a priority.

“By expanding our presence in the Philippines and working closely with local businesses, regulators, governments, and industry associations, we are adapting our global expertise to local realities,” Sever said.

DICT Secretary Henry Aguda, Cybercrime Investigation and Coordinating Center Executive Director Aboy Paraiso, and representatives from the British Embassy Manila witnessed the organisations sign a Memorandum of Understanding to inaugurate the alliance at a Manila governance forum on 14 April.

Mark Gorriceta, Chairman of Go Digital Philippines, stated the partnership equips local businesses with governance tools for responsible technology adoption.

The initiative between Sumsub and Go Digital Philippines establishes a pathway for engagement with regulators to ensure the safe use of AI in financial services.

Featured image: Edited by Fintech News Philippines based on an image by noob via Freepik.