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
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 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… |
| Jul 1, 2022 | Sumsub stats show more biometric ID verification needed as crypto regulations increaseCryptocurrencies 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 applicationsA 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 offeringsTwo 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 percentLondon-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 BSumsub 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: researcherA 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 trendsLondon-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 verificationSumsub is launching a know your business (KYB) product that the identity verification and selfie biometrics firm says will substantially speed… |
| Feb 22, 2022 | Global face biometrics pass rate 95 percent; Sumsub sees room for improvementThe average global pass rate for remote identity checks with face biometrics is 95 percent, according to new research from… |
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…
