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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.

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Sumsub - Latest News and Updates

• On April 11, 2025, Sumsub and Zenoo announced a partnership to address fraud challenges for financial institutions.
• Sumsub introduced Sumsub ID, a verification solution that allows users to reuse their documents across platforms, increasing pass rates by 20% and speeding up verification by 50%.
• Sumsub has shifted its focus from crypto regulations in South Africa to non-documentary verification methods, and from electronic signatures to crypto compliance in Argentina, as of April 2025.
• Sumsub's dev and AI teams are testing their system with fake IDs to emphasize the need for a multilayered, real-time verification approach against deepfakes and synthetic documents.
• Sumsub has helped Ndax, a Canadian cryptocurrency exchange, achieve a 94% pass rate and 54-second median verification time since their partnership in 2022, enhancing operational efficiency and user satisfaction.

• Sumsub won its first-ever medals at Dubai Lynx, securing bronze in Corporate Purpose & Social Responsibility and silver in Data & Analytics.
• Sumsub is hosting the 'MULTIVERSE' event on May 14 at Andaz Hotel, London, focusing on the future of digital identity systems.
• Sumsub participated in the SiGMA Americas event in São Paulo, showcasing their verification and compliance solutions for iGaming and fintech.
• Kris Galloway, head of product for iGaming at Sumsub, warns that bonus abuse and money laundering are the most common frauds in Mexico's digital betting industry, with 78.1% of compliance professionals reporting an increase in AI-generated fakes.

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