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Sumsub

Website: sumsub.com

Sumsub is a London based identity verification platform that covers KYC/KYB/AML needs, working in fintech, trading, gaming, transportation, and marketplace industries.

Sumsub Biometrics News

 

Biometrics providers push further into financial services, past digital ID misconceptions

A 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: Ondato

The 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 CTO

Government 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 KYC

Several 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, partnerships

Selfie 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 certifications

Digital 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 journeys

Sumsub 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, Sumsub

Yoti 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 activity

Romania-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, award

Digital 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, deliveries

Veriff 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 account

London-based identity verification platform and regtech specialist Sumsub has opened its first U.S. office in Miami, Florida. The company made…

Jul 1, 2022

Sumsub stats show more biometric ID verification needed as crypto regulations increase

Cryptocurrencies could soon be subject to strict anti-money laundering checks in the European Union, with a provisional agreement between the…

Jun 30, 2022

Cloud KYB services from Sumsub, iDenfy expand selfie biometrics applications

A pair of new cloud services from Sumsub and iDenfy bring automated compliance checks to business relationships, as selfie biometrics…

Jun 15, 2022

Selfie biometrics firms add location verification, release new offerings

Two selfie identity authenticators, Sumsub and Incognia, have announced the addition of location-based authentication as another two, CycurID and Nametag,…

May 18, 2022

Sumsub biometrics and KYC services boost payment platform’s approval rate to 78 percent

London-based payments platform Mercuryo is reporting dramatic gains in its customer onboarding process by leveraging Sumsub’s biometrics and Know Your…

Apr 27, 2022

Sumsub launches proof of address document recognition, plans $80M-$100M Series B

Sumsub adds proof of address (PoA) document subtype recognition to grant its fintech clients a more accurate picture of the…

Apr 1, 2022

Dating apps aren’t that hard to fool with altered biometrics: researcher

A Stanford University researcher has used a generative adversarial network to exploit face biometrics vulnerabilities in two popular dating apps….

Mar 30, 2022

Sumsub releases KYC speed and pass rate case study, Signicat unveils digital ID trends

London-based Sumsub and fleet rental software company MyMove have released the results of the digital ID partnership they formed in…

Mar 16, 2022

Sumsub unveils biometrics-backed KYB checks for fast verification

Sumsub is launching a know your business (KYB) product that the identity verification and selfie biometrics firm says will substantially speed…

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