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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

• Sumsub enhances transaction monitoring with dynamic risk scoring, allowing real-time risk assessment and improved fraud detection.
• On April 17, 2025, Sumsub integrated its identity verification solutions with payment firms, using Volt's open banking capabilities to enhance fraud prevention across Europe.
• Sumsub partners with IXFI to monitor suspicious activity on their crypto platform.
• Sumsub announced early bird ticket access for the fraud fight event in Singapore this November.
• Sumsub provides automated onboarding and compliance services for a Lithuanian Virtual Asset Service Provider.

• Sumsub has helped Ndax improve their onboarding process by reducing onboarding time to under 1 minute and increasing the pass rate to 94%.
• Sumsub entered the Chartis Financial Crime & Compliance 50 Rankings and won awards in functionality, innovation, and vertical excellence categories.
• Fang Cheng Lee, Business Development Manager at Sumsub, is focusing on compliance solutions for the Crypto/Fintech sector in the Asia-Pacific region.
• Sumsub reports a 50% increase in cryptocurrency fraud in Latin America in 2024, with common scams including identity theft, rug pulls, and phishing.
• Sumsub's Technical Pre-Sales Manager (EMEA) plays a key role in business growth by aligning technical capabilities with customer needs across the EMEA region.

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