---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Sumsub

🌎 sumsub.com

Sumsub is a leading identity verification platform that secures the entire user journey through customizable solutions for KYC, KYB, transaction monitoring, and fraud prevention. With over 2,000 clients across various industries including fintech, crypto, and e-commerce, Sumsub aims to help businesses meet compliance requirements, reduce costs, and protect against fraud while welcoming more customers worldwide.

---

Sumsub - Latest News and Updates

• Sumsub has launched a UK Non-Doc Identity Verification service to securely and compliantly verify eVisa holders using biometrics and share codes, ahead of the UK's transition to digital eVisas on June 1.
• Sumsub will be present at the World Financial Innovation Series in Hanoi on April 15-16 at booth D1.
• Sumsub will showcase its verification platform at Money20/20 Bangkok from April 22-24, 2025, focusing on fraud prevention and compliance solutions.
• Zeam Money in South Africa achieved rapid growth and a secure user experience by automating identity verification with Sumsub, resulting in a 6.7-second median verification time, a 75% drop in operational costs, and an 86% pass rate.
• Sumsub's Identity Fraud Report 2024-2025 reveals that document forgery impacts 31% of companies worldwide.

• A licensed Lithuanian VASP has integrated Sumsub for KYC/AML compliance.
• Sumsub is showcasing its no-code platform for KYC, ID & biometrics, business verification, and fraud prevention at Fintech Berlin this week.
• Sumsub coined the term 'democratisation of fraud' in their 2024 APAC Identity Fraud report.
• Sumsub, a Platinum Member of the Association of Fintechs in Kenya, offers a comprehensive Travel Rule solution for compliance with the new VASP Bill, 2025, integrating AML and fraud checks and connecting over 1700 VASPs.
• Sumsub manages the identification process for users submitting claims for Terra Luna refunds.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.