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. Solution Architect (Current Employee) - London, OH - May 4, 2022. With worldwide coverage, adjustable verification criteria, extensive analytics, and case management tools, you can streamline your verification. Their API's are straight forward, and their admin interface is effective. Sumsub, a global tech company with 5 international offices, helps businesses easily verify users and steer clear of fraud while ensuring full compliance with shifting regulations. Since 2015, Sumsub has offered a reliable KYC (Know Your Customer) solution, perfecting it along the way by adding more checks. Verification. 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. Following. 4. Company Registration Number: 09688671. Relying on machine learning and artificial intelligence, its solution works globally, with support for. The Sumsub team grows 2x every year, and our team is our most treasured investment. With the Sumsub API, you can send and receive applicant data and documents for verification through simple RESTful APIs. 64% in the US, 95. 58%, ID. It monitors transactions in accordance with specified parameters and identifies unusual patterns in money transfers. Their API's are straight forward, and their admin interface is effective. Filter 72 reviews by the users' company size, role or industry to find out how Sumsub works for a business like yours. AML Incubator selects Sumsub as their strategic partner for effective customer onboarding. com-as-an-API). 98% in Brazil—while verifying users in less than 50 seconds on average. was lost to identity fraud, with fraudsters coming up with new methods every day. Subex Fraud Management. Some head's of departments will use their incompetence to hide behind their employees. Begin your journey with Sumsub today. Sumsub's methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). Sumsub is an industry-leading expert in regulatory compliance for the fintech sector. The transaction details may vary depending on. Especially when it comes down to identity verification, which should be accurate, fun, and easy. This process involves the assessment of current and historical customer data, including transfers, withdrawals, and deposits, for discrepancies. AML case management includes KYC. About. The company made its mark with robust identity verification and Know Your Customer (KYC) solutions, trusted by businesses worldwide. Jun 13, 2023. 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. Their API's are straight forward, and their admin interface is effective. 69% decrease in rejected verifications. Answer See 1 answer. This action must be performed on the server side. In case you don't have such an applicant, provide -. 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. The engagements were performed by independent auditor BARR Advisory, P. MIAMI, Oct. Their API's are straight forward, and their admin interface is effective. Currently pursuing a Masters degree in Film Theory. Run automated AML and registry screening or delegate deeper ownership and control structure analysis to certified compliance experts. Sumsub is an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/AML needs. And it’s not just because we can order new shoes from the bathroom or stream seven seasons of The Office in a row. Easy to understand: simple instructions are given in a friendly manner. All in all, Sumsub’s Mobile SDK offers a variety of practical verification features that shorten the user’s onboarding path without increasing your app’s size or network load. It's hard to get a sense of how easily our users. 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. Talk with one of our experts to understand exactly how Sumsub Mobile SDK can streamline the way you onboard users. Expertise in blockchain, Web3, crypto, ID verification, and regulatory compliance. Easy to get accustomed to: an interface that continues throughout the whole system. Now, this number has grown to 70% across all markets. Adding Notes. 86% in the UK, and 90. ”Step 2. 7 VERIFIED COMPANY sumsub. Contact Us. It's hard to get a sense of how easily our users. E. Using the SDK builder's . Sumsub is an all-in-one verification platform designed to catch fraudsters and aid businesses in meeting compliance regulations worldwide. 1m 29sec. It enables users to trade cryptocurrencies using secure bank transfers and credit cards. 19, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces the release of its Responsible Gaming solution, the first automated solution by a leading. 5 Customer Support 4. Enjoy great offers and service when you book your car hire online with Avis. 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. Alternatives Considered: GlobalGateway and Jumio. com-as-an-API). The stats and bulk views aren't very effective. Sumsub is here to help you streamline your identity verification process, making it easier than ever to access services and protect your digital identity. Read feature reviews by real users and compare features to find out what the competition offers. Sumsub's KYT offers flexible settings for risk scoring, alerts and actions with simple role and task management. Share this article. Sumsub report the top industry affected by fraud in the US was IT service for both 2022 and Q1 2023. 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. Sumsub’s Travel Rule check is part of our transaction monitoring solution. Overview. Cons. Focus your attention on corner cases. Onboard clients properly, worldwide. Description. We also utilize a fuzzy-matching algorithm to reduce false. Upload the photos of the ID document. Explore more. Teammates are supportive and the management is transparent, excellent blend of people and cultures. Applicant — for outgoing transactions Miami, 13 March, 2023 – Sumsub, a global all-in-one verification platform, has teamed up with TrueNorth, a leading fintech software development company, to help banks in the US and beyond expand to global markets and digitize their services. 5 minutes. 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. Their API's are straight forward, and their admin interface is effective. withTheme () method, provide a theme with the following attributes: Color attributes: colorPrimary: A primary color for the app, often used for the app bar and other prominent UI elements. 64% in the US, 95. This strategic move comes in response to the escalating threat of identity fraud in the region with the rise in digital startups. Fraudhi is an all-in-one crypto exchange and next-gen mobile banking platform. Reasons for Choosing Sumsub: It was cheaper and more affordable at our volume level. Popular Comparisons. # /PRNewswire/ -- Today, Sumsub, a full-cycle verification platform to secure the whole user journey, announced it now supports 14K+ identity document types from. MIAMI, Aug. The Satisfaction ratings of Sumsub include Ease of Setup (91%), Quality of Support (96%), Ease of Use (95%) and more. 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. News & Statements. Business. Additionally, it serves as a supplementary framework to recently enforced regulations on. Sumsub is an all-in-one technical and legal toolkit for KYC/AML needs. According to Sumsub reports, the number of deepfakes detected in Q1 2023 was 10% greater than all of 2022 combined. Sumsub, a full-cycle verification platform to secure the whole customer journey, announces a strategic partnership with AML Incubator, one of the leading anti-money laundering (AML) and regulatory compliance outsourcing companies in Canada providing solutions and consulting services across various countries including the U. Sumsub achieves the highest conversion rates in the industry—91. 2000+ Clients. Sumsub’s strategic partnership with OneID signifies a revolutionary step towards full-cycle user verification on a global scale. This is vital for businesses who want to expand into new markets and territories. 7 (64) Write a Review! How does this software stack up? Compare with Similar Software Save VIEW SCORECARD Comparing Sumsub ratings with its top alternatives Sumsub by Sumsub Ondato by Ondato ComplyCube by ComplyCube Verify 365 by Verify 365 OVERALL 4. The German Commission for the Protection of Minors in the Media (KJM) has positively evaluated Sumsub for age verification. com has been based on an analysis of 40 facts found online in public sources. In 2021, $56 bln. The company got recognition for its. 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. The Results. Some of the company's action I felt like they cherish their employees, because they actually spent money on them. This process allows fintech companies to detect fraud and report it to authorities. com is legit and safe for consumers to access. 92%, LifeLock with 6. The guide was prepared by Sumsub’s compliance and. Reasons for Choosing Sumsub: It was cheaper and more affordable at our volume level. sourceKey: String: No: Provide this field if you need to distinguish between the clients from which you receive applicants. 🌎 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. The company offers a platform that allows businesses to verify users, businesses, and transactions, manage cases, and deter fraud, all from a single dashboard. Miami, 13 March, 2023 – Sumsub, a global all-in-one verification platform, has teamed up with TrueNorth, a leading fintech software development company, to help banks in the US and beyond expand to global markets and digitize their services. Type: Company - Public. Depending on their skills, fraudsters can try to deceive the system in a variety of ways—from simply wearing a mask to creating complex deepfakes, which use machine learning to either generate a fake persona or impersonate an existing person using manipulated photos and videos of them. Thanks to Sumsub, ELOOP got many more single trips, which helped grow the company’s revenue. According to Sumsub reports, the number of deepfakes. Cookie Policy Identity verification software. Powering a people-friendly digital future. Sumsub handles the entire KYB + KYC Verification flow for us to ensure that customers onboarded are verified to high standards. Once the user is verified, the same. and resulted in a SOC 3 report. Sumsub’s global clientele, based in over 200 different jurisdictions are able to meet financial requirements including FCA, CySec, MAS. Interestingly, online media fraud doubled from 2. See All 14 Product Reviews. Jun 13, 2023. Revenue: Unknown / Non-Applicable. Sumsub can also contact the counterparty VASP not bound to any legal arrangements with Sumsub and not using any of the supported protocols via email. Sumsub doubles run rate in 6 months, prepares to raise funds Sumsub Co-founder and Chief Technology Officer Viacheslav Zholudev confirmed plans to raised $80 million to $100 million in Series B funding on a YouTube show hosted by Nathan Latka. This assessment confirms that Sumsub has rigorous security controls against unauthorized access, disclosure or damage of data. // The token must be generated with `levelName` and `userId`, // where `levelName` is the name of a level configured in your dashboard. com Process 5x More Users. Documentation. Fintech verification platform by Sumsub - 30 secs average verification time ️20+ certified legal experts ️1 hour integration time ️Book a. View Software. Create verification links that you can easily share with your users, code-free. Sumsub, a KYC, AML and transaction monitoring company, has launched a Travel Regulation solution for the crypto industry. A regtech SaaS provider Sumsub (formerly Sum&Substance) has raised $6 million Series A funding round from a group of strategic investors to accelerate the global expansion of its machine-learning platform for user onboarding and KYC/AML compliance. 8 sec. We live in a time when the internet is assuming a massive role in our lives. All news. Founded in 2016, CS. share review. We want to help businesses expand, reach new markets, and get. COO at JobToday. Since 2015, Sumsub has offered a reliable KYC (Know Your Customer) solution, perfecting it along the way by adding more checks. 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. Online document verification is a set of procedures that ensures the validity, authenticity, and true ownership of documents provided by users. 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. Refresh the Safari tab. 86% in the UK and 90. Its AI-driven anti-fraud tools and in-house liveness technology make user onboarding fast yet secure, helping businesses scale to international markets with ease. Sumsub, a full-cycle verification platform, today announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. 5. With over 2,000. To reach such results, we provide a hybrid approach which lets wisely allocate the tasks between machines and people. Moreover, features such as liveness and structured blocklists help us prevent most cases of fraud instantly. It also allows AML (Anti Money. v1. The System and Organization Controls 2 audit, or simply SOC 2, verifies whether service providers, such as Sumsub, have sufficient. It will allow Sumsub’s partners. . Sumsub | 22,286 followers on LinkedIn. If these crucial steps are overlooked, it can result in significant penalties and fines. Gate. 7 (64) Ease of Use 4. Trusted users can onboard faster while risky groups go through extra checks. 0. As Sumsub's Chief of Innovation, responsible for delivering innovative solutions for compliance, anti-fraud, and verification challenges. LONDON, June 13, 2023 /PRNewswire/ -- Today, Sumsub transforms from a world-leading KYC. 3. 1 Location. Get started. 4 min read. This was made possible by partnering with Vanta, a. SINGAPORE, Oct. Sumsub is very close to this benchmark. (75 Ratings) Powerful, all-in-one identity verification, fraud prevention, and compliance platform. Sumsub x B2Broker: The Ultimate Fintech Solution for Brokers . What we were looking for in a KYC partner was, first of all, an SDK that offers a KYC. <br><br>Brought new category companies into the market (Monite, Bill. 98% in Brazil—while verifying users in less than 50 seconds on average. tags: List of String-s: Transaction tags. ,. Our event is focused on high-profile financial fraud and identity theft and ways to prevent it. it could be a crypto transaction of an approved applicant. By focusing on constant testing of new demand generation programs, infused with human-first community. 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. With Sumsub's customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate. Sumsub user reviews from verified software and service customers. Teammates are supportive and the management is transparent, excellent blend of people and cultures. The stats and bulk views aren't very effective. Sumsub announces its plans to make Singapore its APAC headquarters and wider business development goals in the region. Good work environment where you can freely share your ideas. The document verification process ensures that documents aren’t stolen, forged, expired, or otherwise invalid. LONDON and MIAMI , Oct. Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading and gaming industries including Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy and TransferGo. What users say about M-Files' value for money. Used daily 1-2 years. This, in turn, leads to a higher ROI for the client in the future. Sumsub Multiverse: Anti-fraud. It can be an external user ID in your system, or an email address. Sumsub is a proven leader in regulatory compliance for the fintech industry. The data payload expects parameters to be passed in a valid JSON format along with the Content-Type: application/json header. InstantID. Senior finance executive. Brought new category companies into the market (Monite, Bill. The Web SDK contains a ready-made widget you can add to your product right away. When the alert appears, requesting camera access, tap Allow. Content manager. and honestly their logo is creepy as can be. So, when passing verification for the car sharing, crypto, or trading platforms, there’s a high chance of passing verification via our service. CONS. In these countries, Sumsub covers 90% of the population on average. 86% in the UK, and 90. Sumsub achieves the highest conversion rates in the industry—91. London, August 19, 2022 — Sumsub has been named a FrontRunner in Top Risk Management Software by Software Advice in its 2022 FrontRunners report. 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. London – 17 March 2023 – Sumsub, an all-in-one verification platform with global coverage, was recognized as the SaaS of the Year at the renowned SiGMA Eurasia Awards 2023, after a vote by iGaming. iDenfy protects startups, financial institutions, gambling, streaming,. Need a fast, reliable car hire service? Rent a quality car in Victoria to make your journey a pure pleasure. Thanks to Sumsub, Ari10 has significantly reduced fraud on their platforms. “This recognition from G2 highlights our team’s constant commitment to delivering the best product and support to our clients across various industries, including fintech, banking, gambling and more. 20, 2023 /PRNewswire/ -- Sumsub, a full-cycle verification platform, today announces the latest advancements to its Global Database Verification solution,. 1 2 3. In recent years, Singapore has seen a sharp rise in digital assets and fintech businesses. 5 minutes for a single Paybis user. Sample of a Sumsub workflow. Global coverage. Learn why today protection beyond the KYC stage is more important than ever and how Sumsub has turned into one future-proof platform that provides a verification solution for the whole user journey. The Results. Press “Continue on your phone” to switch to mobile using a QR code or a link. Yes, that's their logo. Sumsub helps companies implement a risk-based approach and follow both. An award-winning marketing executive focused on growing revenue for enterprise B2B and science-based companies through best-in-class SaaS marketing. ) to check if they’re on sanctions lists, involved in money laundering/financial crime, and so on. London, February 22, 2023 — Recognized for its outstanding work ensuring regulatory compliance and fraud prevention for Kriptomat, Sumsub has been shortlisted in the Technology Partner of the Year category at the 2023 ICA Compliance Awards. Sumsub has 30+ user interface languages and the power to process over 14 000+ kinds of documents issued in 220+ countries. Sumsub's methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin). In the lower-left corner, click Notes. Choosing which product is the right one for your business is a two-sided conversation. Therefore, Sumsub can provide best-in-class conversion rates across different regions. A. Money is a leader in the CS:GO skin trading market with billions in gross merchandise volume, transactions, and over 100 employees. LONDON and MIAMI, July 6, 2023 /PRNewswire/ -- Gate. 5+ mln accounts created. Onboard users worldwide in under 30 seconds with a people-friendly verification flow. If you are interested in a copy of our SOC 2 Type 1 report, please reach out to. Sample of user menu with focus on Reusable KYC. An award-winning marketing executive focused on growing revenue for enterprise B2B and science-based companies through best-in-class SaaS marketing. Data Protection Registration Number: ZA222205. This field is used to configure a projection. Answered August 11, 2022. 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. 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. 4. Effortlessly tailor the visual aesthetics of your widgets to align with your customers' growing familiarity, all without the. The round, led by Cyprus-based MetaQuotes, the major software provider for. 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. 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. 64% in the US, 95. Sumsub is a proven leader in regulatory compliance for the fintech industry. 6 min read. scoringResult: Object: Overall scoring result. To stay protected from fraud, companies need to perform checks along the whole user. 23 Oct, 2023, 14:00 CST. Before it took Oobit up to 48 hours to verify users. A user-friendly flow and strong anti-fraud protection makes Sumsub more. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet. A key security focus in the crypto industry remains fraud prevention, Sumsub reported. Kriptomat is a licensed international cryptocurrency exchange where anyone can buy, store, sell, and. About Sumsub. Onboard them all. Stay fraud-free. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet. The Satisfaction ratings of Sumsub include Ease of Setup (91%), Quality of Support. 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. 86% in the UK and 90. This strategic move comes in response to the escalating threat of identity fraud in the region with the rise in digital startups. The company provides a web-based platform for converting customers, speeding up verification, reducing costs and detecting digital fraud. The names of the people connected to sumsub are also registered or were registered to shell companies in Cyprus and Panama. 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. 86% in the UK, and 90. Users can continuously monitor the status of transactions in real-time. With Sumsub, you can trust that your personal information is secure, and your verification journey is simple and stress-free. Oraz Kereibayev. From 2 Hours to 8 Seconds: Skyrocketing Verification with Sumsub. Sumsub claim it “achieves the highest conversion rates in the industry—91. 98% in Brazil—while verifying users in less than 50 seconds on average. Its AI-driven anti-fraud tools and in-house liveness technology make user onboarding fast yet secure, helping businesses scale to international markets with ease. Read employee reviews and ratings on Glassdoor to decide if Sumsub is. In a single flow, our clients verify users, businesses,. Beyond KYC: the Future of Verification Has Already Come. In response to a dramatic rise in deepfake. The Results. DAC8 expands the range of automatic exchange of information within DAC to include transactions and transfers pertaining to crypto assets and e-money by crypto-asset service providers. It’s much easier to stay compliant with the help of a third-party digital KYC service provider, like Sumsub. A final decision regarding the establishment of. Sumsub’s EU representative is SUMSUB LTD - incorporated and registered in Cyprus with company number HE 405087. 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. Sumsub, a full-cycle verification platform, today announces the release of its Responsible Gaming solution, the first automated solution by a leading verification provider in gaming compliance. The SDK collects and sends usage data to Sumsub servers. | Learn more about Jacob Sever's work experience,. We streamline your verification process with truly global coverage, generating higher approval rates even in emerging and unbanked jurisdictions. Reach out to learn more about your target markets. At the beginning of 2022, approximately 15% of all verifications were automated. Kriptomat is a licensed international cryptocurrency exchange where anyone can buy, store, sell, and. Read the latest, in-depth Sumsub reviews from real users verified by Gartner Peer Insights, and choose your business software with confidence. 8 Features. We live in a time when the internet is assuming a massive role in our lives. With the help of AI-driven tools and in-house technologies, Sumsub uses industry-leading solutions such as document-free verification and digital IDs. verification time +32%. MIAMI and LONDON, Nov. The processing time has gone down to 1. 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. Video KYC provider by Sumsub - verification interviews to onboard users in just 3-5 minutes ️Available 24/7 ️Speed up. All-in-one verification platform helps crypto businesses resolve compliance issues and adhere to expanding FATF regulations. 0. In recent years, Singapore has seen a sharp rise in digital assets and. 86% in the UK, and 90. We streamline your verification process with truly global coverage, generating higher approval rates even in emerging and unbanked jurisdictions. This SaaS is a secret unicorn. Terms and Conditions. We also rely on Sumsub regarding personal data storage, which is a sensitive topic for many. Global coverage. None of the data is sold or transfered to third parties, and we don't use. 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. It’s performed by regulated entities, such as financial companies and banks, to detect criminal activity in money laundering and terrorist financing. This includes the rarest IDs out there. 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. 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. Sumsub at Consensus 2023: KYC for crypto in the age of compliance. Read the story ; Load more. #Applicant actions # Introduction Applicant actions are events that typically happen to an applicant that got approved, and don't reflect on his/her status. Sumsub’s solution helped us handle paperwork and simplify the end-user onboarding and compliance officer routine. Some of the company's action I felt like they cherish their employees, because they actually spent money on them. 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. Sumsub acts only as a data processor. The company uses Sumsub for automated player verification using the following features: Thanks to Liveness, Sumsub’s advanced biometric check, the company can stop even the most sophisticated frauds. The company provides a web-based platform for converting customers, speeding up verification, reducing costs and detecting digital fraud. Beyond KYC: the Future of Verification Has Already Come. Sumsub | 41,607 followers on LinkedIn. Complete toolkit for customer onboarding and KYC & AML compliance. Andrew has been CEO at Sumsub since he co-founded the company in 2015. MIAMI, Oct. Suspicious activity involves income from undeclared sources, the use of false social. 98% in Brazil—while verifying users in less than 50 seconds on average. With our new positioning, Sumsub anticipates industry changes by offering a future-proof full-cycle verification platform that is seamless and secure, addressing the challenges and expenses. We hear your ideas and make them a reality. The SDK collects and sends usage data to Sumsub servers. The AIFinTech100 list has been launched by FinTech Global after rigorous research of over 2,000 companies. Sumsub’s IDV and fraud prevention solution offers functionality similar to many companies on this list. conversion rate . 7 95 total 33% 5% 3-star 0% 1% 1-star 61% Filter. Sumsub’s ID verification platform has three main features. July 20, 2023 @ 10:51 pm By Omar Faridi. Moreover, features such as liveness and structured blocklists help us prevent most cases of fraud instantly. The stats and bulk views aren't very effective. their addresses ALL go back to temporary office lease type places. References. This has helped businesses stay fraud-free during the onboarding stage, scale-up, and stay AML compliant, while offering seamless user experience. approval rate. 5. See Sumsub in action. org, the median loss of fraud cases for victims is roughly $500.