Sumsub is a comprehensive verification platform designed to secure every stage of the user journey. By offering customizable solutions for Know Your Customer (KYC), Know Your Business (KYB), Anti-Money Laundering (AML), transaction monitoring, and fraud prevention, it enables businesses to streamline verification processes, expand customer reach, ensure compliance, and enhance security while reducing operational costs.
The platform delivers industry-leading conversion rates, with 91.64% in the United States, 95.86% in the United Kingdom, and 97.89% in Hong Kong. On average, it verifies users in less than 50 seconds, significantly accelerating onboarding without compromising security.
Sumsub's methodology aligns with recommendations from the Financial Action Task Force (FATF), the global standard for AML and counter-terrorism financing (CTF) regulations. Additionally, it meets the compliance requirements of key regulatory bodies such as FINMA, FCA, CySEC, MAS, and BaFin, ensuring businesses adhere to both international and local standards.
With a strong presence across multiple industries, Sumsub serves over 2,000 clients in sectors including fintech, cryptocurrency, transportation, trading, e-commerce, and gaming. Notable companies leveraging its verification solutions include Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.
The platform's ability to orchestrate verification workflows allows businesses to adapt processes to specific regulatory environments and risk levels. Its fraud prevention mechanisms provide real-time risk assessment and behavioral analysis, helping organizations detect suspicious activities and prevent unauthorized transactions.
Sumsub integrates seamlessly with existing business infrastructures, offering automation and AI-driven decision-making to improve accuracy and efficiency. By reducing manual verification efforts, it enables companies to focus on customer engagement and business growth.
Its commitment to security and compliance, combined with its advanced technology, makes it a trusted partner for businesses looking to protect their operations from fraud while optimizing user experiences. By continuously enhancing its verification capabilities, Sumsub supports organizations in meeting regulatory challenges, mitigating risks, and ensuring smooth and secure digital interactions.
Through its full-cycle verification solutions, Sumsub empowers businesses to build trust, enhance security, and maintain compliance in an ever-evolving regulatory landscape.
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