Overview
What is Sumsub?
Sumsub is a verification platform that secures the user journey, used to orchestrate the verification process, welcome more users worldwide, and stop digital fraud with customizable KYC, KYB, transaction monitoring and fraud prevention solutions.
Pricing
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- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
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- Tech Details
What is Sumsub?
Sumsub Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
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Reviews
Community Insights
- Business Problems Solved
Sumsub has become an essential tool for businesses looking to streamline their customer onboarding process and ensure regulatory compliance. With its automated identity verification capabilities, Sumsub has enabled businesses to reduce manual efforts and save company resources. Users have praised Sumsub's semi-automated verification services for delivering a good customer experience while also meeting industry requirements. By automating the verification of correct and readable documents, Sumsub has significantly reduced the time spent on this task. The automated rejection tag has further minimized human work involved in the process. Users have also noted that Sumsub's taggings are nearly accurate, making it a reliable tool for a second opinion on important cases.
Another key benefit of using Sumsub is its ability to help businesses detect possible bad actors or illicit activities by identifying and verifying users worldwide. This has been critical in maintaining compliance and reducing risks. Moreover, Sumsub's user-friendly interface and responsive customer success team have made it easy for businesses to manage the process and implement new features. Additionally, Sumsub's system automates much of the identity verification process, resulting in quicker and more efficient completion by teams. This not only saves time but also reduces costs associated with manual verification.
In summary, Sumsub provides a comprehensive solution for businesses to meet KYC and AML compliance requirements while offering ease of use, accuracy, reliability, and cost savings in the identity verification process. It solves business problems related to KYC and onboarding processes by simplifying the experience for applicants and ensuring that customers meet necessary requirements while complying with regulations. With its robust identity verification features and risk scoring capabilities, Sumsub helps businesses mitigate risks, prevent fraud, establish trust with users, and avoid potential legal issues.