Tagged: sumsub

November 27, 2025 @ 1:44 pm By Omar Faridi  |  

Sumsub released its latest Identity Fraud Report, analyzing verification checks and fraud attempts between 2024–2025. The study blends global and regional dynamics from internal data with findings from Sumsub’s Fraud Exposure Survey 2025, featuring responses from “300+ risk professionals and 1,200+ end users.” In 2024,… Read More

November 12, 2025 @ 4:41 pm By Omar Faridi  |  

Sumsub has launched its Non-Doc Identity Verification solution to Canada, designed to streamline client onboarding while also ensuring adequate compliance with FINTRAC’s AML/ATF regulations. Regtech firm Sumsub further noted that this solution aims to eliminate the need for document uploads, providing businesses in traditional finance,… Read More

November 7, 2025 @ 11:02 am By Omar Faridi  |  

SHELT announced a partnership with Regtech firm Sumsub, a global verification and fraud prevention platform. This latest collab brings together expertise and digital technology in order to safeguard the future of digital trust. By combining SHELT’s fraud prevention infrastructure with Sumsub’s single‑platform approach to identity… Read More

October 30, 2025 @ 8:48 am By Omar Faridi  |  

Regtech Sumsub has announced the launch of their Risk Scoring solution—a risk assessment engine that transforms how businesses detect, measure, and mitigate financial crime risk across the customer lifecycle. The solution enables compliance and risk teams to make faster, more informed decisions while reducing manual… Read More

October 21, 2025 @ 9:25 am By Omar Faridi  |  

FutureBank, a banking and payments integration platform, announced an international partnership with Regtech company Sumsub, a global verification provider. The latest collaboration should help banking service providers with enhancing their digital transformation strategies and control all identity operations via a unified platform. The partnership brings… Read More

October 15, 2025 @ 12:31 am By Omar Faridi  |  

Regtech firm Sumsub released the latest edition of its Global Fraud Index, developed in collaboration with Statista, CryptoUK, Digital Assets Association, Vixio Regulatory Intelligence and MENA Fintech Association. Timothy Owens, Tech and AI Industry Expert, and Senior Research Lead Technology and TeleCommunications at Statista shared… Read More

September 13, 2025 @ 9:11 am By Omar Faridi  |  

Regtech Sumsub has acknowledged the rise of deepfakes as well as AI being used in deceptive ways to target unsuspecting UK consumers. The firm noted in a blog post that after over a month from the Online Safety Act coming into force, websites hosting mature… Read More

August 23, 2025 @ 8:10 am By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment gateway, is pleased to announce its collaboration with Regtech firm Sumsub to integrate its leading Travel Rule solution across Alchemy Pay’s entire product suite. This integration marks a key milestone in reinforcing regulatory compliance, transactional transparency, and user security, “aligning… Read More

August 18, 2025 @ 7:18 pm By Omar Faridi  |  

TRM Labs, a provider of blockchain intelligence solutions, announced a strategic integration with Sumsub. This integration enables Sumsub users to “leverage TRM’s risk intelligence to screen wallet addresses, score transactions, and review risk signals in real time – all in one dashboard in Sumsub’s Crypto… Read More

August 10, 2025 @ 5:37 pm By Omar Faridi  |  

In collaboration with the Digital Asset Development Research Center and FinTech Center of Institute for Information Industry, Regtech company Sumsub took a closer look at Taiwan’s proposed Virtual Assets Service Act and anti-fraud legislations, supporting global-standard compliance across APAC. Sumsub recently joined the Digital Asset… Read More

August 6, 2025 @ 8:36 am By Omar Faridi  |  

European Fintechs, banks, insurers, and other financial institutions face growing operational strain as compliance demands and regulation intensify, according to new research from Sumsub. Compliance fatigue is now an “industry-wide concern.” According to Sumsub’s new report, The State of European Financial Services: 2025 Report: 51% of… Read More

July 30, 2025 @ 12:18 am By Omar Faridi  |  

Sumsub completed the Malaysia e-KYC assessment, confirming that its digital identity verification technology meets the standards set by Bank Negara Malaysia (BNM). The independent evaluation was conducted by Deloitte and “covered Sumsub’s ID verification, liveness detection, and facial recognition modules.” The report validated Sumsub solutions’… Read More

July 10, 2025 @ 6:48 pm By Omar Faridi  |  

Sumsub joined hands with DKM ECO, a data services provider in the Asia-Pacific region, to stage an APAC Roadshow “Comply to fortify 2.0” in Hong Kong to share with businesses on how innovative solutions can address their most pressing compliance challenges. This initiative forms part… Read More

July 8, 2025 @ 12:55 am By Omar Faridi  |  

Sumsub announced the release of its commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting. The study aims to examine the potential return on investment (ROI) enterprises may achieve by using Sumsub’s Anti-Money Laundering (AML) Transaction Monitoring. While a report like this is self-promoting,… Read More

June 28, 2025 @ 4:28 pm By Omar Faridi  |  

Regtech Sumsub has partnered with Data Zoo, a global provider of authoritative business and customer identity verification data, to support financial institutions worldwide with their compliance processes. Sumsub and Data Zoo will collaborate in “multiple markets, offering Sumsub’s full compliance suite of verification and anti-fraud… Read More

June 14, 2025 @ 12:41 pm By Michael Wong  |  

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

June 10, 2025 @ 9:31 pm By Omar Faridi  |  

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

June 8, 2025 @ 5:11 pm By Omar Faridi  |  

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

June 4, 2025 @ 8:09 am By Omar Faridi  |  

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

June 2, 2025 @ 11:14 am By Omar Faridi  |  

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