Sumsub News

Sumsub, a full-cycle verification platform, is launching its Reusable Digital Identity product suite. It will effectively mitigate repetitive verification and redundant Know Your Customer (KYC) checks that negatively impact user experience and conversion rates for businesses. The new offerings are set to reduce applicant onboarding times by 50% and boost conversion rates by 30%, on average. Identity multiple services All of the checks required for ensuring a compliant verification m...

Sumsub, a full cycle verification platform, announces it is working with Duolingo English Test (DET) to help further safeguard the integrity of the English-language test-taking process. Sumsub’s user verification and fraud prevention tools will add multi-layered security on the platform to uphold the legitimacy of the examination process. Identity verification processes Sumsub’s solution provides an added layer of security, enhancing DET’s defences to stay ahead Much like o...

Sumsub, a full-cycle verification platform, has introduced the latest innovations in case management and AI-driven AML screening to help compliance teams improve efficiency, reduce manual work, and tackle the growing challenge of false positive matches. This new suite of features ensures faster case resolution, seamless team collaboration, and more accurate risk detection. AML screening methods Regulators worldwide are tightening anti-money laundering (AML) compliance requirements, making it...

Sumsub, a full-cycle verification platform, is pleased to announce its collaboration with HoppyGo, a P2P carsharing company founded by Škoda, offering its clients a quick and easy way to rent a car through their mobile app. By 2025, 43% of European drivers do not plan to own their own vehicle. It is also estimated that 7.5 million cars will be shared in Europe by 2035. Clearly, demand for affordable and flexible mobility will continue to grow, and the data suggests that convenient, affor...

Sumsub, the global verification platform providing customisable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, announces the launch of its enhanced deepfakes detection technology into Sumsub’s liveness and deepfake detection solution. According to Sumsub’s reports, the number of deepfakes detected in Q1 2023 was 10% greater than all of 2022 combined. Responding to this growing threat of identity fraud, the company made major updates to its in-hou...