Onboard trusted users from any country in under 30 seconds. Our platform offers customizable KYC/AML flows to ensure top pass rates and adherence to compliance standards.
Offer your clients the best user onboarding available on the market, in any language without compromising on security.
Stay compliant anywhere. Flexible user verification, PoA checks, AML screening, and custom questionnaires.
Get multilayered protection to prevent all types of synthetic fraud, identity theft, and document forgery.
Establish seamless onboarding and verify users worldwide in under 50 seconds—with top pass rates.
Meet all regulatory requirements without complicating onboarding for users.
Automatically detect red flags and fraud patterns throughout the whole user journey.
Verify users in seconds using the optimal verification method for each case.
Finding the right balance between compliance, fraud protection, and a user-friendly approach isn’t easy. At Sumsub, our expertise allows us to find the sweet spot that helps over 2000 of our clients get top pass rates without having to give up security.
Trusted by 2500+ clients/businesses
Offer the best verification journey for every user, with easy communication in over 40+ interface languages. Verify IDs anywhere or use Non-Doc Verification in selected countries to increase pass rates by 35% on average.
Build unique verification flows with fully automated decision-making processes. Onboard legit users faster while adding more verification steps for risky cases.
Get best-in-class technology to detect document templates, behavioral red flags, and fraud networks. With over 1 billion verified users, our anti-fraud engine blocks nearly 100% of all fraud attempts.
Use a single verification platform to address all your needs. Get a perfect mix of high pass rates, fraud protection, and global compliance.
Before using Sumsub, false positives were a constant issue, and our pass rate was down to 40%. With Sumsub’s features, we jumped up to 92% pass rates.
Product Owner at Yolo Group
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KYC compliance is a set of measures that regulated entities need to perform to meet AML requirements. These may include certain procedures for identifying and verifying personal information, such as names, addresses, passports or ID cards, and more. These requirements help ensure that financial institutions and other businesses are facilitating criminal activity. To ensure KYC compliance, companies often use specialized KYC solutions or KYC-as-a-service providers that enable them to automate the process of customer verification.
A KYC (Know Your Customer) software is a tool used by businesses to verify the identity of their clients, assess risks related to money laundering and fraud, and ensure compliance with regulations. While KYC solutions serve a broad range of businesses,they can also provide sector-specific services. For instance, KYC software for banks emphasizes meeting the sector's distinct regulatory demands and compliance criteria.
KYC solutions employ various automated and manual verification checks used to validate user identity. These checks include ID verification, proof of address checks, watchlist screening, and more. On top of that, advanced vendors like Sumsub also offer extra products such as workflow customization, reporting, dashboards, collaboration tools, and many other optimization measures useful for a compliance team.
When selecting a KYC service, consider opting for an automated KYC solution. Look for features such as streamlined customer onboarding, efficient identity verification processes, robust compliance checks, and seamless integration capabilities with your existing systems. Assess the scalability, customization options, and regulatory compliance of the service to ensure it aligns with your institution's needs and requirements.
The “best” solution to pick depends greatly on the requirements of your business. A proper KYC/AML service offers a range of automated verification and authentication checks, integration options, and high pass rates globally. When choosing, evaluate the onboarding experience, verification accuracy, and compliance standards.
KYC (“know your customer” solutions) costs depend on each particular KYC software and plan. Pricing depends on multiple factors, including verification checks, extra features like questionnaires, the level of support, and more. In Sumsub’s case, you can start with as little as $1 per verification. See what fits you best!