Glassdoor has 14 Sumsub reviews submitted anonymously by Sumsub employees. With Sumsub, you can trust that your personal information is secure, and your verification journey is simple and stress-free. MIAMI and LONDON, Nov. CONS. Hybrid approach provides neat results. Singapore Crypto Regulations—All You Need to Know in 2023. CONS. 86% in the UK, and 90. The stats and bulk views aren't very effective. We scan thousands of lists on fitness & probity and global/national sanctions including OFAC, HMT, UN. Learn more about Sumsub - use cases, approaches, & end results from real customers; read customer reviews including 126 testimonials, videos, and case studies. Tailor verification flows to particular regions for equally high pass rates—even within emerging markets. Some head's of departments will use their incompetence to hide behind their. At Sumsub, we believe in a safe, accessible, and inclusive digital future for users and businesses alike. The date and time (UTC) the transaction was created in the Sumsub system. 09 Nov, 2023, 09:00 ET. Automated Customer Onboarding by Sumsub 🔒 Set up your verification logic Trigger the right. This application provides you with a real-time. Teammates are supportive and the management is transparent, excellent blend of people and cultures. Self-Service. There are just a few steps to getting started with our Mobile SDK. Who are Sumsub. Sumsub Reviews 95 • Poor 2. 6 min read. it could be a crypto transaction of an approved applicant. With Sumsub’s customizable KYC, KYB, KYT, and AML solutions, you can orchestrate your. Content manager. 2. Users can continuously monitor the status of transactions in real-time. This application provides you with a real-time identity. London, July 12, 2022 — Sumsub today announced it has launched its identity verification solution on Salesforce AppExchange, empowering customers to smoothly onboard and verify their global users. With Sumsub’s customizable KYC, KYB, AML and transaction monitoring solutions, you can orchestrate your verification process, welcome more customers worldwide, speed up onboarding, reduce costs and steer clear of digital fraud. We also utilize a fuzzy-matching algorithm to reduce false. Popular Comparisons. Good work environment where you can freely share your ideas. 4. g. We live in a time when the internet is assuming a massive role in our lives. Age verification checks the user’s age to determine if they can access age-restricted content and services. Once the screening was done I could get an invitation for an interview. London, 14 September, 2022 – Jeton has partnered with Sumsub to create a better onboarding experience for its 1M+ users across 100 countries. ” Why Sumsub? Kriptomat had to start from the beginning, taking the risks of entrusting in yet another provider who could take on the task of rebuilding their KYC and compliance flow from scratch, on their terms, and in line with their. Data Protection Registration Number: ZA222205. This has helped businesses stay fraud-free during the onboarding stage, scale-up, and stay AML compliant, while offering seamless user experience. Sumsub Reviews Overall Rating 4. This helps businesses to reduce risks of fraud and comply with regulations. Likelihood to recommend. 09 Nov, 2023, 09:00 ET. Sumsub’s Global Database Verification combines these features to eliminate document-based processes while maintaining highest onboarding security standards on a global level. You may start the verification on desktop and switch to mobile midway through, if necessary. remitter: Object: A party that sends a remittance. But then I realised that actual communication with CEO and Heads of other departments one-on-one made it feel otherwise. SumSub is a really good company to work for. Used daily 1-2 years. This claim comes from London-based identity solution provider Sumsub, which recently published a guide focusing on identity verification and its challenges in five emerging markets: Argentina. Sumsub found the perfect balance between service quality and user experience on the one hand and security and regulatory requirements on the other. We streamline your verification process with truly global coverage, generating higher approval rates even in emerging and unbanked jurisdictions. It lets crypto businesses that send or receive virtual asset (VA) transfers on behalf of a customer easily comply with the Financial Action Task Force (FATF) regulations Recommendation 16 requirements and ensure that transactions are fraud-free. Sumsubs chadvanced KYC, KYB, and transaction monitoring solutions will assist businesses in expanding internationally while. SumSub did $1m ARR to $50m in 28 months. Since 2015, Sumsub has offered a reliable KYC (Know Your Customer) solution, perfecting it along the way by adding more checks. The Results. 4. Sumsub Multiverse: Anti-fraud. Cookie Policy Identity verification software. Sumsub | 25,851 followers on LinkedIn. On top of automated registry lookups, money. 6. 5, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces it has been named a Representative Vendor in the 2023 Gartner Market Guide for Identity Verification. ur1sma and panama paper types)) who appears to be connected to multiple holding companies. 7 VERIFIED COMPANY sumsub. Classifieds and crypto rank next. In September 2023, the EU Council approved the DAC8 Directive. Pricing & Plans. Why use our OCR technology. Sumsub. Sumsub’s IDV and fraud prevention solution offers functionality similar to many companies on this list. The main goal of video identification is to compare the applicant’s real identity with provided documents and is a part of a larger video KYC process that involves a more streamlined process and optional documents as well. SumSub is easy to use, and they charge based on number of checks with no minimum, which makes it great for small startups who don't have the volume for other products. Cons. The rapid downfall of FTX, one of the biggest crypto exchanges in the world, has had a massive impact on global crypto markets, eliminating $30 billion in assets. On top of the easy and fast onboarding process, we also place an emphasis on upholding Sumsub’s top-notch security protocols. Trading user verification solution for Broker Dealers by Sumsub - 30 secs average verification time ️20+ certified legal experts ️1 hour integration time ️Book a free demo now!MIAMI, Nov. It monitors transactions in accordance with specified parameters and identifies unusual patterns in money transfers. Sumsub achieves the highest conversion rates in the industry—91. It’s much easier to stay compliant with the help of a third-party digital KYC service provider, like Sumsub. Experts from Sumsub and Pismo offer practical insights on setting rules for transaction monitoring and handling its typical challenges. A drone watching you. Likelihood to recommend. SumSub es una plataforma de verificación de identidad y cumplimiento de regulaciones Anti-Money Laundering (AML) y Know Your Customer (KYC), que ayuda a las empresas y usuarios a prevenir fraudes y asegurar la protección de datos personales. 4. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your. ID verification and AML screening provider Shufti Pro has announced its platform can now process face authentication in 5 seconds, down from 30 seconds. MIAMI, March 2, 2023 /PRNewswire/ -- Sumsub, a global tech company that provides customizable KYC, KYB, AML and transaction monitoring solutions, has launched a Travel Rule solution for the crypto. Adding Notes. Thanks to Sumsub, Ari10 has significantly reduced fraud on their platforms. The Satisfaction ratings of Sumsub include Ease of Setup (91%), Quality of Support (96%), Ease of Use (95%) and more. One verification platform to secure the whole user journey | Sumsub is the one verification platform to secure the whole user journey. Ease of use of their platform Automatic and efficient checks of most KYCs which reduces our legal teams workload Documentation is clear, its easy to set up webhooks, rules and different flows for all our compliance needs The provider works hard to accept non-standard forms of ID (e. According to Sumsub reports, the number of deepfakes. Content manager. The stats and bulk views aren't very effective. Sumsub x B2Broker: The Ultimate Fintech Solution for Brokers . SumSub launched in 2012 as a successful business that pivoted into the AML and KYC verification space in 2018, providing a global solution for a highly regulated issue. Sumsub’s EU representative is SUMSUB LTD - incorporated and registered in Cyprus with company number HE 405087. 98% in Brazil—while verifying users in less than 50 seconds on average. The Sumsub team grows 2x every year, and our team is our most treasured investment. Sumsub, a full-cycle verification platform that secures the whole user journey, today announces its plans to make Singapore its APAC headquarters and wider business development goals in the region. Sample of user menu with focus on Reusable KYC. Information Technology and Services. Berlin, July 20, 2022 — Sumsub, a tech company that offers an AI-based solution for identity verification and anti-fraud automation, today announces its assessment as an age verification system ensuring enhanced. See the latest verified ratings & reviews for. Helping businesses choose better software since 1999Overview. Sumsub's technology is flexible and allows us to rapidly implement a wide variety of use-cases. Sumsub is a global all-in-one verification platform that secures every step of your customer’s journey. A drone watching you. The solution's four pillars. Pricing. The document verification process ensures that documents aren’t stolen, forged, expired, or otherwise invalid. Identical journeys for mobile and web users. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet. Cons. Sample of a user menu. CopyBet immediately noticed results with Sumsub. Basically everything somebody would need to commit identity theft and fraud. One verification platform to secure the whole user journey | Sumsub is the one verification platform to secure the whole user journey. Sumsub was founded with money connected to certain Vlad P^tin allies. Begin your journey with Sumsub today. 7 Ratings Breakdown 5 48 4 ( 14) 3 ( 2) 2 ( 0) 1 ( 0) Secondary Ratings Ease-of-use 4. The company made its mark with robust identity verification and Know Your Customer (KYC) solutions, trusted by businesses worldwide. Easily integrate your tech stack with Sumsub. Interestingly, online media fraud doubled from 2. Sum and Substance claim to be headquartered in London, but their office just leads back to an owner in Cyprus (the homeland of dark money from Ru and Ukraine (such as B. The platform provides accelerated ID verification, digital fraud detection, and compliance. See All 14 Product Reviews. Background Screening. With Sumsub’s customisable KYC, KYB, KYT, and AML solutions, you can orchestrate your verification process, welcome more customers worldwide, speed up onboarding, reduce costs and steer clear of digital fraud. This is vital for businesses who want to expand into new markets and territories. org, the median loss of fraud cases for victims is roughly $500. Sumsub is pleased to announce it has been featured as one of the Frost Radar™ leaders in a recent Fraud Detection and Prevention (Know Your Customer) report by Frost & Sullivan. Having all of your critical personal information and identity documents exposed could be catastrophic. ”Step 2. The company writes that while it works well with local documents, in some regions, verification can be streamlined further with the Sumsub. Thanks to Sumsub, ELOOP got many more single trips, which helped grow the company’s revenue. Moreover, features such as liveness and structured blocklists help us prevent most cases of fraud instantly. 1m 29sec. 🌎 Join Sumsub as a Data Intelligence Product Manager and be a driving force in our growing team! At the core of Data Intelligence is the goal to enhance the security, efficiency, and simplicity. We think sumsub. Be ready to work hard but enjoy the people you work with!Co-Founder and CEO at Oobit. The fraudster initiates the chargeback process with the bank by filing false complaints and authorization complaints online with stolen cards and bank accounts. MIAMI, Nov. Report. Global coverage. This strategic move comes in response to the escalating threat of identity fraud in the region with the rise in digital startups. Sumsub at Consensus 2023: KYC for crypto in the age of compliance. colorPrimaryVariant: A variant of the primary color, used to. tags: List of String-s: Transaction tags. Sumsub's methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). The company provides a web-based platform for converting customers, speeding up verification, reducing costs and detecting digital fraud. Sumsub’s ID verification platform has three main features. Sumsub. Compare real user opinions on the pros and cons to make more informed decisions. With Sumsub's customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate. One of the crucial features Sumsub offers Paybis is the ability to regulate verification levels on a case-by-case basis and build separate verification flows for. The stats and bulk views aren't very effective. Sumsub’s solution is integrated using Mobile- and Web-SDK functionality. 64% in the US, 95. We interpret the usage data in order to improve Sumsub. Leverage expert insights to enhance security and stay ahead of regulatory curve. Sumsub is a proven leader in regulatory compliance for the fintech industry. 5, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces it has been named a Representative Vendor in the 2023 Gartner Market Guide for Identity Verification. We enjoy what we do because it is the right thing to do. CONS. Sumsub's team of dedicated experts are ready to share practical tips and consult on regulatory specifics worldwide, giving customers the technology and knowledge they need to thwart fraud. The checks and their sets are easily customizable to generate countless tailored verification flows for any. We don't track any sensitive data. According to Sumsub reports, the number of deepfakes detected in Q1 2023 was 10% greater than all of 2022 combined. 86% in the UK, and 90. 31, 2023 /PRNewswire/ -- Sumsub, a global full-cycle verification platform, is launching a six-month free trial of its Travel Rule compliance solution. Sumsub’s. 9, 2023 /PRNewswire/ -- Sumsub, a. 4 min read. 98% in Brazil—while verifying users in less than 50 seconds on average. Guy-Louis de le Vingne. With Sumsub since May 2021. Their API's are straight forward, and their admin interface is effective. Sumsub, a global all-in-one verification platform, has partnered with TrueNorth, a prominent fintech software development business, to assist US and international banks in expanding to global markets and digitizing services. See a list of features that Sumsub offers. You can also use the. Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, today published its Complete Guide to Transaction Monitoring to provide a detailed picture of transaction monitoring as an integral part of the verification system. g. MIAMI and LONDON, Nov. Sumsub is the first global firm to offer document-free verification services as part of a holistic compliance solution across the whole user journey. Sep 26, 2023. By focusing on constant testing of new demand generation programs, infused with human-first community. Plus, you can eliminate repeat verification across partner networks with Reusable KYC. 1 review US 7 days ago Verified everywhere on every website… Verified everywhere on every website you can think of, from Government, Money/Banking, Gambling, Crypto and. Who are Sumsub. MIAMI, Aug. Sumsub is very close to this benchmark. Global full-cycle verification provider, Sumsub, is among the innovation and growth leaders in Fraud Detection and Prevention (KYC) market research by Frost & Sullivan London — August 29, 2023Sumsub attained its SOC 3 report after an audit by BARR Advisory. 92%, LifeLock with 6. Sumsub identity verification platform receives highest possible scores in criteria of market approach, delivery model, admin user management and commercial model London, January 18, 2023 — Sumsub, the all-in-one verification platform, was cited as a Strong Performer with the highest possible scores in four criteria in The Forrester Wave. 82% in November 2022. Sumsub has developed a product that allows companies to stay compliant with varying KYC, KYB and AML regulations, maintain a high level of fraud protection, and achieve high conversion rates both. 2021 year founded. What is Sumsub? Sumsub (or Sum&Substance) is a tech company headquartered in London that creates AI solutions which help identify customers, partners and employees. Scamadviser is an automated algorithm to check if a website is legit and safe (or not). Sumsub achieves the highest conversion rates in the industry—91. Biometric identity verification verifies that personal data and ID documents are authentic. Basically everything somebody would need to commit identity theft and fraud. New solution enables gaming operators and platforms to cover the whole player lifecycle in full compliance. The company provides a web-based platform for converting customers, speeding up verification, reducing costs and detecting digital fraud. Sumsub is an all-in-one provider with international expertise in KYC/AML and the highest conversion rates in both core and emerging markets–94. The stats and bulk views aren't very effective. InstantID. Read the latest, in-depth Sumsub reviews from real users verified by Gartner Peer Insights, and choose your business software with confidence. 98% in Brazil—while verifying users in less than 50 seconds on. Verify users, businesses, or transactions and control every step of the customer journey in a single platform. Sumsub. According to Sumsub reports, the number of deepfakes detected in Q1 2023 was 10% greater than all of 2022 combined. 4. Create verification links that you can easily share with your users, code-free. AML case management includes KYC. Their API's are straight forward, and their admin interface is effective. 64% in the US, 95. 1 Location. Responding to this growing threat of identity fraud, the company made major. Thus, Advapay’s clients reduced manual work by 95% for operators and AML/KYC specialists, meaning that the platform could spend less time and money to onboard each customer. Strong fraud protection shouldn’t mean sacrificing onboarding speed. MIAMI, Oct. 19, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces the release of For Fake's Sake, a set of models enabling the detection of deepfakes and. #Making a request. Experienced fintech professional with 10+ years in compliance, operations, and strategy. Use Sumsub to integrate the services you need via Web SDK, Mobile SDK, or our RESTful API. Global coverage. With this launch, Sumsub is the first vendor to provide a holistic verification solution covering player onboarding, gaming-specific fraud prevention, and compliance. Using the SDK builder's . To solve these challenges, we are excited to announce our brand new fraud-proof mobile SDK module, which is built to boost your pass rates and make your users happy. 5 Features 4. Budget-wise, 55% spend between $1,000 and $10,000 per month on verification purposes, over 20% are setting aside between $10,000 and $100,000, and only 6% fall into the top spenders category, with verification financing going above $100,000. Brought new category companies into the market (Monite, Bill. The platform’s PoA verification feature is consistently enhanced and can now process over 140,000 PoA documents daily with a best-in-class average PoA verification time of 59 seconds. Sumsub, the global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, today announces the launch of its enhanced deepfakes detection technology into Sumsub’s liveness and deepfake detection solution. 6%. median processing time. To guarantee 100% quality, Sumsub reserves human quality control for a small number of complex cases. and honestly their logo is creepy as can be. Sumsub, an all-in-one verification platform, attained its SOC 2 Type II report after auditing by BARR Advisory. 7 (64) Write a Review! How does this software stack up? Compare with Similar Software Save VIEW SCORECARD Comparing Sumsub ratings with its top. The Mobile SDK mirrors our Web SDK and integrates with iOS, Android, and native plugins. Video KYC provider by Sumsub - verification interviews to onboard users in just 3-5 minutes ️Available 24/7 ️Speed up. App comparison. This completion demonstrates that we’ve maintained effective controls over the security of our identity orchestration platform. #Supplemental endpoints # Getting similar applicants (duplicates) check result Using this method, you can fetch a list of entities with similar data of one particular applicant after its check. Be ready to work hard but enjoy the people you work with! I love working here :)The Sumsub Travel Rule Ecosystem is a community of VASPs (Sumsub Clients, its Partners Clients or Client’s counterparties) that have successfully passed the VASP Due Diligence process purported to facilitate sharing data related to VA Transactions between VASPs and carry out identification and verification of counterparty VASPs in order to. Some of the company's action I felt like they cherish their employees, because they actually spent money on them. Compliance is key for onboarding new customers, no matter where the business is located. Their API's are straight forward, and their admin interface is effective. In September 2023, the EU Council approved the DAC8 Directive. Information Technology and Services. Sumsub prepared a Complete Guide to Business Verification (KYB) to help companies build their KYB process efficiently. (14 Ratings) Oz Liveness is a leading facial recognition and authentication software used by private and public organizations across the globe to lower the risk of biometric fraud by preventing deepfake and spoofing attacks with 100% accuracy. Scroll down to the Settings for websites and then tap Camera. FAQ. 98% in Brazil—while verifying users in less than 50 seconds on average. SINGAPORE, July 21, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform that secures the whole user journey, today announces its plans to make Singapore its APAC headquarters and wider. Talking about his role at Sumsub, the executive first says he also considers himself a “product guy. FREMONT, CA: "We are glad to join forces with TrueNorth in our common mission of bringing digital transformation to the financial industry. Sumsub is an all-in-one verification platform designed to catch fraudsters and aid businesses in meeting compliance regulations worldwide. All-in-one technical and legal toolkit to cover KYC/AML needs | Sumsub is an all-in-one suite for identity verification, fraud prevention, and KYC/AML compliance. Upload the photos of the ID document. The guide was prepared by Sumsub’s compliance and. Sumsub | 32,618 من المتابعين على LinkedIn. AML (anti-money laundering) screening checks customers using multiple types of sources (sanctions, PEPs lists, etc. MIAMI, Oct. 5 minutes) 24/7 availability, fast response times, and high quality of support. A. When passing verification, you may see the following message: Usually this message means that your verification profile was rejected. Expanding its expertise beyond product development, Sumsub's in-house AI/ML Research Lab developed For Fake's Sake, a set of four distinct machine learning-driven models for deepfake and synthetic fraud detection. The Results. Their API's are straight forward, and their admin interface is effective. One verification platform to secure the whole user journey | Sumsub is the one verification platform to secure the whole user journey. The stats and bulk views aren't very effective. Sumsub recognizes multiple alphabets and writing systems including Latin, Cyrillic, Greek, Armenian, etc, as well as East Asian languages including Japanese, Korean and. About. Sumsub is an identity verification platform providing a variety of automated and manual tools to companies from all over the world for onboarding their customers. CONS. A complete guide to balancing compliance, conversions,. Sumsub achieves the highest conversion rates in the industry—91. 64% in the US, 95. The Web SDK contains a ready-made widget you can add to your product right away. Fintech; 92% Approval Rate with Sumsub’s Advanced Character Recognition. The Sumsub's Fast-Fail feature informs the client immediately about any issues with their documents during the approval process, which is a significant improvement to our users’ experience. Sumsub, the global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, today announces the launch of its enhanced deepfakes detection technology into Sumsub’s liveness and deepfake detection solution. let launchSNSMobileSDK = () => { // From your backend get an access token for the applicant to be verified. With Sumsub, your verification is not a black box. 0. 95% automation means that you can devote resources to the most demanding customer profiles. 5. Sumsub handles the entire KYB + KYC Verification flow for us to ensure that customers onboarded are verified to high standards. Answered August 11, 2022. Sumsub is among the innovation and growth leaders in Fraud Detection and Prevention (KYC) market research by Frost & Sullivan. Oraz Kereibayev. In response to a dramatic rise in deepfake. Sumsub’s liveness technology looks to detect spoofing attempts during the KYC process, by ensuring users are physically present by collecting their face biometric data and then. The service has more than 100 companies already signed up at launch, and Sumsub says it plans to eventually reach 100,000 small businesses around. Since 2015, Sumsub has offered a reliable KYC (Know Your Customer) solution, perfecting it along the way by adding more checks. Its AI-driven. The company caters to the fintech, crypto, transportation. 7 95 total 33% 5% 3-star 0% 1% 1-star 61% Filter. Check Capterra to compare Sumsub and MetaMap based on pricing, features, product details, and verified reviews. The verification flow works the same way for both CopyBet’s mobile- and app interfaces. It enables users to trade cryptocurrencies using secure bank transfers and credit cards. Miami – February 21, 2023 – Sumsub, an all-in-one verification platform, today published its Complete Guide to Business Verification (KYB) for businesses in the fintech, banking, payment, crypto, e-commerce and gambling industries. Their API's are straight forward, and their admin interface is effective. July 20, 2023 @ 10:51 pm By Omar Faridi. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet. Sumsub consolidates every verification, case management, and workflow optimization tool you might need. Sumsub’s Travel Rule solution. Reasons for Choosing Sumsub: It was cheaper and more affordable at our volume level. Fintech verification platform by Sumsub - 30 secs average verification time ️20+ certified legal experts ️1 hour integration time ️Book a. // The token must be generated with `levelName` and `userId`, // where `levelName` is the name of a level configured in your dashboard. Pros. Additionally, it serves as a supplementary framework to recently enforced regulations on. Sumsub, a global tech company offering customizable KYC, KYB, KYT, and AML solutions, today announced the successful completion of the System and Organisation Controls (SOC) 3 audit. Oobit saw impressive results within the first week of using Sumsub. Sumsub’s compliance team has shared a free guide on KYB verification trends and best practices. You also have to provide a unique and meaningful userId query parameter. 15. Sumsub is here to help you streamline your identity verification process, making it easier than ever to access services and protect your digital identity. Help businesses expand compliantly. The company's artificial intelligence-based identity verification and compliance risk management toolkit automates identity verification and translates the organization's AML policy into. This process allows fintech companies to detect fraud and report it to authorities. Sumsub matched our expectations with a comprehensive product line, trustworthy service, and 24/7 support. Release Notes. Understanding your company’s compliance and fraud prevention needs is the first part of that conversation. MIAMI – April 11, 2023 – Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, today published its Complete Guide to Transaction Monitoring to provide a detailed picture of transaction monitoring as. and resulted in a SOC 2 Type II report. Sumsub announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost. Internationally scalable solution with broad global coverage. This process involves the assessment of current and historical customer data, including transfers, withdrawals, and deposits, for discrepancies. SumSub is easy to use, and they charge based on number of checks with no minimum, which makes it great for small startups who don't have the volume for other products. Overall: great platform and we can see a huge increase in process rates. 8 Features. This process is a critical aspect of compliance requiring age verification for access to gaming platforms. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet. What is Sumsub?. Government databases and centralized solutions may one day replace document-based verification, Vyacheslav Zholudev, Sumsub’s chief technology officer and co-founder told Biometric Update in a recent. According to Sumsub’s reports, the number of deepfakes. Handle documents from all over the world. Easy to understand: simple instructions are given in a friendly manner. 10, 2023 /PRNewswire/ -- Sumsub. We interpret the usage data in order to improve Sumsub. An award-winning marketing executive focused on growing revenue for enterprise B2B and science-based companies through best-in-class SaaS marketing. Pros: SumSub is easy to use, and they charge based on number of checks with no minimum, which makes it great for small startups who don't have the volume for other products. Focus your attention on corner cases. 23 Oct, 2023, 14:00 CST. Sumsub announces new positioning strategy to redefine its role in the market. Cons. 120+ employees. Used. levelName: String: No: Level name to create a new applicant. 5. 81% and reach $348 million by 2028. KYC/AML software is often used for these means, Sumsub being one of the leading platforms on the market. 31 Aug, 2023, 04:00 ET. With worldwide coverage, adjustable verification criteria, extensive analytics, and case management tools, you can streamline your verification. 98% in Brazil. All attributes below are nullable. Sumsub achieves the highest conversion rates in the industry—91. Before implementing Sumsub, we faced challenges with a time-consuming and labor-intensive manual verification process that resulted in delays in customer onboarding and complicated risk decisions. Approval rates have also notably grown, reaching 70. Enjoy great offers and service when you book your car hire online with Avis. 9, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces the first integrated solution for user verification, anti-fraud and compliance in gaming. Stay fraud-free. Their API's are straight forward, and their admin interface is effective. The most striking surge in the number of AI-generated identity fraud cases was noticed in Asia-Pacific (APAC) countries such as Australia (1300%), Vietnam (1400%), and Japan (2300%). Here’s how much they’ve blocked in fraudulent transactions: 2021: 4,86 million USD; 2022: 9 million USDSumsub achieves the highest conversion rates in the industry—91. On top of the easy and fast onboarding process, we also place an emphasis on upholding Sumsub’s top-notch security protocols. Create verification flows based on user segment, risk level, and other parameters—code free. Sumsub's KYT offers flexible settings for risk scoring, alerts and actions with simple role and task management. SumSub is a really good company to work for. Cons: The stats and bulk views aren't very effective. The SDK collects and sends usage data to Sumsub servers. Verify user from the start with built-in KYC. Sumsub is an all-in-one technical and legal toolkit for KYC/AML needs. 9, 2023 /PRNewswire/ -- Sumsub, a. 86% in the UK and 90. Sumsub joins the ranks of YouHodler’s already high-level KYC/AML tools to enforce its industry-best wallet and. Sumsub today announces the launch of its enhanced deepfakes detection technology into Sumsub’s liveness and deepfake detection solution. Sumsub’s Travel Rule check is part of our transaction monitoring solution. This was made possible by partnering with Vanta, a. New solution enables gaming operators and platforms to cover the whole player lifecycle in full compliance. Need a fast, reliable car hire service? Rent a quality car in Victoria to make your journey a pure pleasure. User Verification. Unsure of what to choose? Check Capterra to compare Sumsub and Onfido based on pricing, features, product details, and verified reviews. The technology has been validated by the industry’s most rigorous testing standard, ISO. Sumsub has 30+ user interface languages and the power to process over 14 000+ kinds of documents issued in 220+ countries.