Sumsub is a comprehensive Anti-Money Laundering (AML) and identity verification solution designed to help businesses meet regulatory compliance requirements. It offers a range of services to enhance customer onboarding, monitoring, and risk management.
The Solutions Sumsub Provides
Sumsub provides a suite of AML and KYC (Know Your Customer) solutions to streamline identity verification and compliance processes. Key offerings include:
- Onboarding: Seamless identity verification for new customers.
- Screening: Real-time checks against global watchlists, including PEPs and sanctions.
- Document Verification: Advanced OCR and AI-based document processing for verifying identity documents.
- Transaction Monitoring: Automated monitoring to detect suspicious activity.
- Risk Scoring: Intelligent scoring based on multiple risk factors to prioritize compliance actions.
- Public Cloud: Fully cloud-based infrastructure for scalability and security.
The Type of Customers Sumsub Works With
Sumsub works with a broad spectrum of customers across industries that require stringent compliance procedures, including:
- Financial Institutions: Banks, payment processors, and fintech companies.
- Cryptocurrency Platforms: Exchanges and wallet providers.
- Gaming and Gambling: Online platforms needing customer verification and fraud prevention.
- E-commerce: Merchants seeking to prevent money laundering and fraud in transactions.
- Healthcare and Legal: Providers who need secure, verified customer data.
What Sets Sumsub Apart
Sumsub sets itself apart with its innovative use of AI and machine learning for automated verification processes. Key differentiators include:
- Customizable Workflows: Tailored verification steps to fit business needs.
- Global Coverage: Supports over 200 countries and territories.
- Compliance Expertise: Meets regulations across different jurisdictions, ensuring global compliance.
