Cape Town, South Africa, October 2025 - Banking and payments integration platform, FutureBank, has announced a strategic international partnership with all-in-one verification platform, Sumsub. The partnership will help banks advance their digital transformation and control all identity operations through one unified platform.
The partnership brings together FutureBank’s expertise in core banking integration and orchestration with Sumsub’s all-in-one compliance platform, enabling financial institutions to seamlessly implement decentralised finance (like crypto and stablecoins) and other regulatory mandates.
“Our mission at FutureBank has always been to bridge the gap between legacy banking systems and the latest fintech innovations. As fraud tactics grow more sophisticated, it’s vital for us to shield our clients from evolving threats without impeding their progress. We’re impressed by Sumsub’s adaptive AI, which orchestrates real-time identity checks and stops fraudsters before they cause harm. Sumsub’s device intelligence, biometric verification, and reusable digital ID give our customers the seamless yet secure experience they need to confidently protect users,” comments Sergio Barbosa, CEO of FutureBank.
FutureBank customers can now access the Sumsub software as part of its expanding ecosystem of financial products and services. Similarly, Sumsub customers looking for better, quicker and more secure integrations of modern banking and payment solutions can now access APIs through pre-built adaptors into providers on FutureBank’s platform.
“Through our partnership with FutureBank, we are able to offer a unified solution that not only meets compliance requirements but also simplifies the process for banks, allowing them to focus on innovation and customer service. This is a significant step forward for the industry, not just in Africa, but globally,” comments Tom Schoon, Sumsub’s Head of Partnerships for Africa.
Addressing the increasingly sophisticated fraud landscape
Synthetic media and AI-powered fraud is surging across Africa with fraud-as-a-service industrialising digital scams.
GenAI is responsible for a rapid rise in hard-to-detect fraud and TransUnion’s H1 2025 Africa Fraud Update showed a surge in deepfake-enabled scams. The company said there was a 1,200% growth in South Africa as well as substantial spikes across Kenya, Nigeria and Algeria, making the need for robust, real-time identity protection more urgent than ever.
FutureBank’s middleware platform creates a layer between the bank and the third-party provider they want to integrate with, acting as the glue that enables older legacy cores and modern, API-driven offerings to be compatible. This orchestration layer enables technological flexibility without vendor lock-in.
This allows banks easy and immediate access to Sumsub solutions. The company currently supports over 40 interface languages for user verification, including major global languages and many African indigenous languages like Swahili, Zulu, and Hausa. This wide language support enables seamless, localised onboarding and identity verification across more than 220 countries and territories.
Through adaptive AI-powered identity verification, real-time fraud prevention, and reusable digital identity, the company’s identity verification, anti-money laundering (AML), and know your customer (KYC) compliance solutions deliver rapid onboarding, strong fraud prevention, and compliance to most of the world.
“Legacy systems make it hard for banks to integrate new digital technologies. This traps them in cycles of inefficiency, rigidity, and high costs, blocking the path to rapid innovation and competitive digital transformation. By leveraging FutureBank’s orchestration platform and Sumsub’s comprehensive compliance suite, banks can reduce operational complexity, minimise regulatory risk, and accelerate their adoption of digital assets and services. This international partnership underscores both companies’ commitment to supporting financial institutions as they adapt to new regulatory standards and embrace the opportunities of the digital economy,” Barbosa says.
