Sumsub - Experts & Thought Leaders

Sumsub, a full-cycle verification platform, is launching its Reusable Digital Identity product suite. It will effectively mitigate repetitive verification and redundant Know Your Customer (KYC) checks that negatively impact user experience and conversion rates for businesses. The new offerings are set to reduce applicant onboarding times by 50% and boost conversion rates by 30%, on average. Identity multiple services All of the checks required for ensuring a compliant verification must still take place KYC is essential for security, fraud prevention and compliance. However, when users need to verify their identity repeatedly across multiple services – especially when seeking critical access to financial or transportation apps – it creates friction and frustration. This repetitive process often leads to high drop-off rates and less user interest, impacting both user experience and business conversion rates. At the same time, all of the checks required for ensuring a compliant verification must still take place. Sumsub compliance and security Sumsub is processing millions of identity checks weekly, and aggregated data analysis reveals that one in three applicants have verified previously with Sumsub, highlighting the recurring KYC issue. To address this, Sumsub has launched a combined product to help both individuals and firms alike avoid repetitive verification steps while ensuring full compliance and security. Reusable Digital Identity product Reusable Digital Identity product suite includes two products, Sumsub ID and Reusable KYC The Reusable Digital Identity product suite includes two products, Sumsub ID and Reusable KYC. Both of them enable end-users to skip cumbersome verification steps such as document uploads, while at the same time ensuring that all checks required for regulatory adherence for businesses still take place.  Sumsub ID enables end-users to securely store and re-use their verified documents for multiple verifications across Sumsub client platforms, whereas Reusable KYC allows companies in the Sumsub ecosystem to agree to share applicants’ data upon receiving their consent. Reusable Digital Identity While each product has a unique approach to the same challenge, both of them further enhance customer experience while ensuring full compliance and adding an extra layer of security.  By offering faster and more efficient ways to verify identities, Reusable Digital Identity is designed to help users avoid unnecessary document uploads and repetitive data input procedures–while, at the same time, speeding up applicant onboarding and enhancing conversion rates for companies. Redefining digital ID verification Reusable Digital Identity is designed to help users avoid unnecessary document uploads “With a decade of experience in the market, our vision remains clear – to provide global businesses digital identity checks with the speed and convenience of payments, without sacrificing on compliance and security”, comments Vyacheslav Zholudev, CTO and co-founder of Sumsub. “With Sumsub ID and Reusable KYC, we are redefining digital ID verification by helping businesses improve onboarding efficiency and also giving users full control over their documents and data, respectively. This marks a significant milestone in our mission to make identity verification faster, safer, and more reliable for everyone.” Key benefits of Sumsub Identity products Key benefits of Sumsub Reusable Digital Identity products for businesses are: Higher pass rates: businesses see up to 30% improvement in successful user verifications. Faster KYC processes: Sumsub ID reduces onboarding time by 50%, improving conversion rates. Full Compliance & Security: Both Reusable KYC and Sumsub ID are GDPR-compliant and built to enhance fraud prevention. Main benefits for users are: Seamless verification: individuals can breeze through KYC by re-using their documents from previous verifications with Sumsub. Full privacy and security of personal data stored or shared by third parties for verification purposes. Less time spent on getting access to the platforms and services people use, as both Sumsub ID and Reusable KYC make the onboarding process faster by eliminating redundant document uploads. How Sumsub reusable digital identity product suite works Sumsub ID allows applicants to onboard onto a platform within the Sumsub ecosystem, securely store their verified documents, and reuse them for future verifications across 4000+ companies which also use Sumsub; Reusable KYC enables companies to share users’ personal data with their explicit consent, ensuring quicker onboarding, which benefits companies and individuals alike. Sumsub ID is now available for anyone to sign up and benefit from seamless verification and onboarding across crypto, fintech, banking, e-commerce, traditional finance, security, regtech, and fraud prevention industries.

Sumsub, a full cycle verification platform, announces it is working with Duolingo English Test (DET) to help further safeguard the integrity of the English-language test-taking process. Sumsub’s user verification and fraud prevention tools will add multi-layered security on the platform to uphold the legitimacy of the examination process. Identity verification processes Sumsub’s solution provides an added layer of security, enhancing DET’s defences to stay ahead Much like other widely recognised and accepted high stakes tests, DET is a target for fraud. While some examinees try to bypass identity verification processes through methods such as deepfakes, forged documents, and fraud networks, DET’s systems are actively catching and preventing these efforts. Sumsub’s solution now provides an added layer of security, enhancing DET’s defences to stay ahead of increasingly sophisticated methods of fraud. Sumsub’s advanced verification technology The legitimacy of the DET is crucial for institutions that rely on the test to make decisions about higher education admissions; for some employment and visa applications; and for the legitimate users whose livelihoods rely on proving their English proficiency. As demand for online testing grows, so does the complexity of fraud. Helping institutions stay ahead of fraudsters, Sumsub’s advanced verification technology includes AI-powered document verification, Liveness checks and deepfake detection. Sumsub’s Fraud Prevention technology Sumsub’s Fraud Prevention technology plays a critical role in identifying these for DET According to internal data from Sumsub’s annual Identity Fraud Report 2024, AI-powered fraud is on the rise, with deepfakes surging by 4x globally from 2023 to 2024. In addition, the report reveals that 1 in 100 online users are linked to fraud networks – organised criminal groups that work in tandem to circumvent security measures.  Fraud rings threaten verification processes and the integrity of online testing platforms, and Sumsub’s Fraud Prevention technology plays a critical role in identifying these for DET. Integrity of the Duolingo English Test “The integrity of the Duolingo English Test is vital to the trust our users and partnered organisations place in our platform. By teaming up with Sumsub, we’re combining two cutting-edge security systems with distinct core competencies to enhance our defences," said Basim Baig, Head of Test Security for the Duolingo English Test. “This collaboration ensures we stay one step ahead of increasingly sophisticated fraud attempts, reinforcing the strong security foundation we’ve already built. We remain committed to maintaining the highest security standards, which ultimately protects the interests of both our test-takers and the institutions that rely on our test results.” Expansion for Sumsub Collaboration marks a notable growth for Sumsub, which has set itself as a key player in anti-fraud solutions This collaboration marks a significant expansion for Sumsub, which has established itself as a key player in providing anti-fraud solutions to industries like crypto, fintech, and iGaming. Now, with the rise of online education and the global demand for secure language proficiency tests, Sumsub aims to bring its expertise into the education sector, working alongside one of the world’s most prominent language learning platforms. AI-powered verification technology "The rise of online assessments has made identity fraud and test manipulation more sophisticated than ever. Protecting the integrity of these tests is critical – not just for test-takers, but for the institutions and employers that rely on their results,” said Inna Lyubashevskaya, Chief Customer Officer at Sumsub.  “Our AI-powered verification technology is built to tackle evolving threats like deepfakes and impersonation without adding unnecessary friction for genuine users. By working with Duolingo English Test, we’re reinforcing security and setting a higher standard for trust, fairness, and accessibility in digital learning." Duolingo’s entire suite of services Looking ahead, both companies aim to expand their collaboration to provide even more robust verification solutions for Duolingo’s entire suite of services. Sumsub continues to develop its Non-Doc Verification product, a fast and secure solution that can verify identities in as little as 4.5 seconds, further improving the speed and accuracy of online verification. Additionally, both companies are exploring opportunities to raise awareness of the importance of test security through campaigns designed to educate Duolingo users and institutions about the growing risks of fraud in the education space.

Sumsub, a full-cycle verification platform, has introduced the latest innovations in case management and AI-driven AML screening to help compliance teams improve efficiency, reduce manual work, and tackle the growing challenge of false positive matches. This new suite of features ensures faster case resolution, seamless team collaboration, and more accurate risk detection. AML screening methods Regulators worldwide are tightening anti-money laundering (AML) compliance requirements, making it crucial for businesses to adopt automated, AI-powered solutions.  Traditional AML screening methods often lead to alert fatigue, where compliance teams spend excessive time reviewing false positives. Sumsub’s solution Sumsub’s AI analyses patterns in data, understanding context, and learning from past decisions Sumsub’s solution solves this challenge by leveraging AI to filter out irrelevant alerts, ensuring teams prioritise high-risk cases without sacrificing accuracy.  Sumsub’s AI analyses patterns in data, understanding context, and learning from past decisions to differentiate between genuine risks and irrelevant alerts. Irrelevant alerts and solution “Compliance teams face immense pressure to detect financial crime while managing an overwhelming number of alerts. Traditional AML screening can be like searching for a needle in a haystack – compliance teams spend countless hours sifting through false positives to find real risks." "Our AI acts like a powerful magnet, helping to filter out irrelevant alerts and strengthen our solution," explains Vyacheslav Zholudev, co-founder and CTO of Sumsub.  AI-powered enhancements Zholudev added: “The AI-powered enhancements and streamlined case management enable compliance officers to focus on what truly matters – stopping real threats efficiently." "By minimising false positives and automating reports generation, we’re not only empowering teams with intelligent case management, but also setting a new industry standard for AML compliance.”  Key benefits of the upgraded AML Screening solution AI-Enhanced False Positive Reduction: Sumsub’s advanced AI algorithms significantly reduce the rate of false positives, allowing compliance teams to focus on real threats rather than spending hours sifting through irrelevant alerts. Smart Case Management: The upgraded case management system centralises investigation workflows, enabling seamless collaboration, task assignments, and real-time updates—all in one unified platform. Automated SAR/STR Report Generation: Compliance teams can instantly generate Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs) based on flagged cases, reducing manual effort and ensuring regulatory compliance. Real-Time Transaction Monitoring & Analytics: A comprehensive dashboard provides real-time insights into transactions, allowing teams to track fraud patterns and make data-driven decisions with ease. Seamless Cross-Team Collaboration: Assigning cases, leaving notes, and tracking updates within the case management system ensures compliance officers stay aligned, improving overall efficiency and response times. Case Management and AML Screening Overall, Sumsub’s enhanced features are designed to help firms overcome regulatory challenges by streamlining their compliance workflows.  As technology developments and legal requirements become increasingly more complex, Sumsub’s advanced tools ensure secure, compliant, and user-friendly Case Management and AML Screening for regulated businesses across fintech, crypto and other sectors.