Sumsub

Description

For businesses operating in the world of strict compliance standards, Sumsub has become a notable player in identity verification and KYC technology. The company focuses on AML compliance and streamlines onboarding with end-to-end solutions that run on the latest technology. Sumsub boasts a variety of products within its portfolio, including User Verification, Transaction monitoring, Business Monitoring, and Fraud Prevention. Furthermore, they are certified under the UK Digital Identity and Attributes Trust Framework (DIATF), meaning digital businesses trust the legitimacy of their services. The provider currently partners with over 100 platforms and consulting firms worldwide, offering reliable solutions for compliance support and accurate identity verification. In this review, we detail what makes Sumsub a globally preferred choice amongst its competitors. Founded in 2015, Sumsub (short for Sum and Substance) has established itself as a top solution for verification and compliance processes. The company specializes in KYC/AML processes and online identity verification, providing corporations with automated tools to ensure quick onboarding of new users. Sumsub utilizes advanced AI and machine learning to check documents, detect fraudulent behavior, and monitor ongoing compliance. Though the headquarters is in London, they have additional offices in Berlin, Singapore, Limassol, Miami, and Dubai. Furthermore, the company has a workforce of 450+ employees across different countries dedicated to helping over 2500 clients worldwide meet their compliance requirements without complications. In addition, Sumsub boasts numerous certifications including SOC 3, SOC 2 Type 2, SOC 2 Type 1, ISO/IEC 27001, and PCI/DSS.