Tagged: sumsub

AI-Powered Fraud Soars in APAC’s Healthtech, Fintech Sectors – Sumsub

Fraud in Asia-Pacific’s fastest-growing digital sectors is rising sharply, driven by sophisticated tactics involving deepfakes and synthetic identity documents, according to a new report from global verification provider Sumsub. Healthtech recorded the highest year-on-year increase in fraud cases across the region with a 723% surge… Read More

Regtech Sumsub Upgrades Case Management Solution with AI Powered Assistant for FinCrime Teams

Sumsub announces a major AI-powered update to its Case Management solution—a ready-to-use, cross-functional hub for financial crime investigations designed to streamline fragmented risk operations. Built with direct input from fincrime teams and Sumsub clients, the new release “introduces AI-driven tools and intelligent automation to help investigators… Read More

Crypto App Customer Drop-Offs Reportedly Slashed by 35% with Regtech Sumsub Travel Rule SDK

Sumsub  announces its Travel Rule SDK solution is now available for crypto, Fintech, and iGaming businesses. It is designed to be easily incorporated directly into client apps, “enabling companies to automate compliance checks and verify sender/recipient information in real time to ensure Travel Rule compliance.”… Read More

Regtech Sumsub Launches Bank Account Verification for Secure Onboarding and Compliance Across Europe

Sumsub announces the launch of its Bank Account Verification solution. The solution instantly verifies customer account ownership, outstanding balance, and detailed transaction history, which “enables businesses to prevent account takeover and payment fraud, assess user financial vulnerability and creditworthiness, and ensure compliance with key regulatory… Read More

Regtech Sumsub Launches Bank Account Verification for Secure Onboarding, Compliance Across Europe

Sumsub announces the launch of its Bank Account Verification solution. The solution verifies customer account ownership, outstanding balance, and detailed transaction history, which enables businesses “to prevent account takeover and payment fraud, assess user financial vulnerability and creditworthiness, and ensure compliance with key regulatory obligations,… Read More

Regtech Sumsub and Solana Introduce On-Chain Identity Attestations

Regtech Sumsub have completed their first public integration of Sumsub ID at Solana Accelerate in New York. The demonstration highlighted how users can issue on-chain credentials, such as attestations, “via the new Solana Attestation Service (SAS), a built-in protocol from Layer 1 blockchain Solana, based… Read More

Galxe Debuts Upgraded KYC Solution, Integrates With Sumsub

Galxe, a Web3 decentralized super app, has unveiled Passport V3: its upgraded KYC solution that streamlines user verification and is now integrated with Sumsub, a KYC verification platform. With this new integration, Galxe Passport can ensure user onboarding for any Web3 business. Galxe Passport addresses… Read More

Open Banking : Volt to Power Regtech Sumsub’s Penny Drive Verification Flow

Regtech company Sumsub has partnered with Volt, the global real-time payments platform. In this new open banking partnership, Volt will power Sumsub’s Penny Drop Verification flow, which involves “an end user being directed to their banking app after scanning their identity document.” Once a user… Read More

Core Banking Provider Tuum and Regtech Sumsub to Strengthen Compliance and Fraud Prevention for FIs

Tuum, a core banking provider, has announced a partnership with ​Sumsub​, a global “​full-cycle”​ verification platform. This collaboration empowers banks, fintechs, and financial institutions to streamline customer onboarding, “meet evolving regulatory requirements, and enhance fraud prevention measures—​while​ ​removing​ friction ​from​ the user experience.” As regulatory… Read More

Regtech Sumsub Addresses Security Incident with German Firm Merkur AG

On March 14, 2025, Regtech Sumsub, a firm specializing in identity verification and anti-fraud solutions, issued a statement regarding a security incident involving Merkur AG, a prominent German company. At Sumsub, they claim that security is their top priority, and they take all reports of… Read More

Regtech Sumsub Strengthens AML Compliance with AI-Powered Management, False Positive Reduction

Regtech Sumsub has introduced the latest update in case management and AI-driven AML screening to help compliance teams boost efficiency, reduce manual work, and tackle the challenge of “false positive matches.” This new suite of features reportedly ensures “faster case resolution, seamless team collaboration, and… Read More

Papaya Global and Regtech Sumsub to Enhance Fraud Prevention, Customer Verification Processes

Papaya Global, the workforce payroll and payments platform and Sumsub, a full-cycle verification and compliance solutions provider, announce their new partnership. Sumsub will support Papaya Global with AI-powered automated solutions for secure “verification and fraud prevention, while maintaining speed, accuracy, and regulatory compliance.” The partnership… Read More

Clara Teams Up with Regtech Sumsub to Accelerate Clients’ Business Growth Across LatAm

Clara will now aim to offer its customers throughout Mexico, Colombia and Brazil Sumsub’s “full-cycle” verification platform and KYC/AML compliance expertise. Sumsub, a verification and compliance solutions provider, announced its partnership with Clara, the solution in Latin America for corporate expense management. This alliance will… Read More

Regtech Sumsub Launches eSignature QES Verification across Europe

Regtech Sumsub have launched their Qualified Electronic Signature (QES) Verification product. The solution is designed to enhance security, compliance, and efficiency in remote user onboarding across the European Union and Norway, compliant with “national laws and eIDAS framework regulations.” Amid the demand for secure and… Read More

UK Consumers Increasingly Being Deceived by Deepfakes on Dating Apps – Report

Data shared by Regtech Sumsub shows that three quarters of UK dating app users have come across deepfakes, “19% have personally been deceived by one, and 22% have had someone close to them misled by AI.” Regtech Sumsub pointed out that in the last five… Read More

Regtech Sumsub Assists TELUS Digital with Providing Remote Employee Verification and Onboarding

Regtech Sumsub has announced a new partnership with TELUS Digital, a tech company deploying better customer experiences, to provide remote employee verification and onboarding processes for its workforce. Sumsub is providing TELUS Digital with a digital tool stack to be implemented across different phases of… Read More

Regtech Sumsub Partners with Web3 Gaming Platform Funtico

Regtech Sumsub has announced a partnership with Funtico, a Web 3.0 gaming platform. This collaboration aims to enhance compliance and security in the iGaming sector, ensuring that Funtico remains “fully compliant with evolving regulations.” Funtico provides an incentive-driven gaming platform “for players for partner gaming… Read More

Regtech Sumsub Joins Payments Association EU

Regtech Sumsub announces its membership into the Payments Association EU, an industry group of stakeholders in the payments sector that fosters commercial connections between businesses and advocates for better policies. It joins a group of members, including the following firms: Mastercard, Visa, and Paypal and… Read More

Regtech Sumsub Partners with Blockchain Platform Darkex

Sumsub is announcing its partnership with Darkex, a blockchain platform renowned for its commitment to trust and security. This collab sets a benchmark for user experiences and compliance in the blockchain space. Sumsub will equip Darkex with verification and anti-money laundering (AML) capabilities, ensuring fast onboarding;… Read More

Regtech Sumsub Releases Global Fraud Index Highlighting 103 Nations’ Susceptibility to Digital Fraud

Sumsub has revealed its first global fraud index showcasing 103 countries’ susceptibility to digital fraud. To assist regulatory bodies, governments and businesses in understanding and preventing digital fraud, Regtech company Sumsub shares an interactive world map Regtech Sumsub, a verification platform, releases the Global Fraud… Read More

Send this to a friend