Sumsub, a full-cycle verification platform, has launched its local data processing (LDP) infrastructure in the Asia-Pacific region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines.

The LDP solution, introduced in the Middle East and Africa in June, is designed to help firms overcome data storage and compliance challenges.

In APAC, the data privacy landscape is rapidly evolving as economies grow and digital transformation accelerates. There has been a surge in stringent data protection regulations in recent years, driven by heightened awareness of privacy issues and the need for greater control over personal data.

According to a study by Ipsos, 81% of APAC end-users believe that the loss of privacy is inevitable due to technological advancements. Countries such as Singapore and Hong Kong have introduced stringent local data processing requirements, while Indonesia and the Philippines are also advancing their regulatory frameworks. This regulatory momentum reflects a broader global trend where data privacy concerns are becoming increasingly critical.

As technology developments and data privacy become more complex, Sumsub says its advanced data management solution ensures secure, compliant, and user-friendly personal data storage for regulated businesses across APAC.

Firms will be able to secure users and clients throughout their entire compliance journey, with AML (anti-money laundering) screening, KYC (know-your-customer) and KYB (know-your-business) processes, as well as ongoing transaction monitoring and fraud prevention capabilities.

“With the dynamic growth of digital businesses throughout APAC, we believe it is crucial to support regional companies throughout their compliance processes. LDP offers a secure and user-friendly experience for businesses seeking compliant verification and fraud prevention solutions,” says Vyacheslav Zholudev, co-founder and chief technology officer of Sumsub.

The company has recently partnered with Nexus Technology in the Philippines, as well as PT Ogya Tekno Nusantara and PT Secure Pasifik Teknologi in Indonesia, to extend access to its verification solutions in both markets. Sumsub says these partnerships enhance its ability to support businesses in navigating the complex data privacy landscape throughout the region.