Company Overview

About Sumsub

Sumsub Details

Founded

2015

Revenue

$29M

Funding

$7.5M

Team Size

570

What SIA Thinks

Sumsub is a straightforward and efficient software solution designed to simplify and streamline your customer onboarding process. This tool is particularly beneficial for businesses looking to verify user identities and ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Sumsub integrates easily with your existing systems, making it a smooth addition to your operational workflow without a major overhaul.

One of the biggest advantages of using Sumsub is its ability to automate various aspects of verifying customer information. It reduces the manual effort required by your team, freeing them up to focus on other important tasks. This means your customers can get through the verification process quickly and start using your services sooner.

Sumsub supports a variety of verification methods, including document checks, facial recognition, and liveness detection. It is designed to be user-friendly both for your team and for your customers, with a clear and intuitive interface that guides users through each step of the verification process. This helps to minimize frustration and errors, ensuring a more seamless experience for everyone involved.

For businesses operating in multiple countries, Sumsub offers the added benefit of being adaptable to different regulatory environments. It stays up-to-date with the latest compliance requirements, so you can be confident that your business is always in line with local laws and regulations.

Moreover, Sumsub offers robust security features that protect sensitive customer data. It is built to handle large volumes of verification requests, making it suitable for both small and large enterprises.

In short, Sumsub can make your customer onboarding simpler and more efficient, helping you to maintain compliance and protect your business from potential fraud. It's an all-around practical solution for businesses that need reliable and secure identity verification tools.

Pros and Cons

Pros

  • Quick onboarding
  • Fraud prevention
  • Scalable solution
  • Secure verification
  • User-friendly interface

Cons

  • Limited customization
  • Pricey for small businesses
  • Limited support hours
  • Learning curve
  • Occasional delays

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