London, UK
Sumsub
Sumsub is a global all-in-one verification platform that secures every step of your customer’s journey. 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. Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading and gaming industries including Mercuryo, Bybit, Huobi, Unlimint, DiDi, Poppy and TransferGo.
Sumsub Biometrics News
Vendor claims deepfake fraud ‘doubles’ in North America
Instances of deepfake fraud doubled in North America between 2022 and Q1 2023 according to a new report from London-based…
| May 18, 2023 | Digital IDs and the global fight for identityBy Vyacheslav Zholudev, CTO and co-founder of Sumsub Despite recent analyst research predicting that the global number of users of… |
| Apr 11, 2023 | Selfie biometrics extended with TrustCloud acquisition and mergerTransaction processing provider Branddocs has acquired digital transaction orchestrator TrustCloud, and will merge with it. The combined business will offer… |
| Mar 7, 2023 | Fintech fraud and compliance concerns lift selfie biometrics, ID verification providersGrowth in both the fintech sector and digital fraud rates are providing tail-winds for selfie biometrics and identity verification providers…. |
| Mar 3, 2023 | Compliance and fraud prevention tools introduced for crypto, digital transactionsLondon-based digital ID firm Sumsub has released a new Travel Rule solution for compliance in the crypto industry. Discussed last… |
| Feb 21, 2023 | Sumsub, iDenfy, Identomat and Plaid each move to ease compliance checks for businessesA ‘Complete Guide to Business Verification (KYB)’ has been published by Sumsub to help B2B companies mitigate rising fraud rates… |
| Feb 17, 2023 | Shufti shows ID document fraud increase, Onfido warns of tighter regulationsGrowing fraud risk is no surprise to anyone around the digital identity landscape, but Shufti Pro’s findings that identity document… |
| Feb 9, 2023 | Sumsub says digital ID can speed up onboarding in emerging marketsThe use of digital ID technologies, alongside government databases, can substantially speed up the identity verification process in emerging countries…. |
| Jan 24, 2023 | Biometrics providers push further into financial services, past digital ID misconceptionsA set of stubborn myths about digital ID are posing stubborn barriers to its application in banking and financial services,… |
| Dec 14, 2022 | KYC and AML costs add up, compliance with biometrics costs less: OndatoThe cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of… |
| Dec 12, 2022 | Government databases could replace document-based ID verification: Sumsub CTOGovernment databases and centralized solutions may one day replace document-based verification, Vyacheslav Zholudev, Sumsub’s chief technology officer and co-founder told… |
| Dec 6, 2022 | ID fraud rises worldwide but biometrics helps KYCSeveral companies in the know-your-customer (KYC) and anti-money laundering (AML) spaces have recently shared new insights into the industry. The… |
| Nov 16, 2022 | Selfie biometrics boom in fintech with new implementations, partnershipsSelfie biometrics are expanding in several markets, with a new implementation from Amazon, partnerships for Veriff, Sumsub and IDScan.net, and… |
| Nov 11, 2022 | Digital ID providers upgrade sales network, solution portfolio and certificationsDigital ID provider Incode has unveiled a new reseller partnership, while iDenfy and SumSub have upgraded their offerings with a… |
| Nov 1, 2022 | Sumsub eases digital identity verification with no-code tool for configurable user journeysSumsub has introduced a feature enabling companies to create user identity verification workflows tailored to particular triggers and risk scenarios… |
| Oct 6, 2022 | One-click KYC, digital ID solutions introduced by Yoti, SumsubYoti is introducing a new one-click digital identity verification solution in collaboration with financial KYC (know-your-customer) provider Department of Trust,… |
| Sep 29, 2022 | New solution and partnerships unveiled amid flurry of selfie biometrics and KYC activityRomania-based Qoobiss has launched an anti-money laundering solution for businesses in the financial sector based on the company’s selfie biometric,… |
| Sep 23, 2022 | KYC fraud loss tool launched by Sumsub amid digital ID deals, awardDigital ID providers are continuing to extend their software toolkits for KYC checks, and their market reach. Shufti Pro has… |
| Sep 19, 2022 | Veriff partners with mobile developer as selfie biometrics use grows for payments, deliveriesVeriff has formed a partnership with mobile app developer Shockoe to build fraud prevention and uncompromised privacy to businesses creating… |
| Aug 25, 2022 | Sumsub promotes expansion of digital ID services with US office, popular YouTube accountLondon-based identity verification platform and regtech specialist Sumsub has opened its first U.S. office in Miami, Florida. The company made… |
Sumsub Industry Insights
Digital IDs and the global fight for identity
By Vyacheslav Zholudev, CTO and co-founder of Sumsub Despite recent analyst research predicting that the global number of users of…
