Banks and neobanks
Handle compliant onboarding at scale with real-time AML and fraud monitoring. Keep audit-ready logs across products and regions. Resolve identity across accounts and channels.
Learn moreFinancial services
Keep your financial service compliant and fraud-free
Built for banks, neobanks, payments, wallets, and lending. Stay compliant, catch fraud, and keep growing - in one place.
240%
ROI with payback in under 6 months
1.5B+
identities processed worldwide
75%
reduction in manual verification work
Built with finance services in mind
Stay licensed and audit-ready
Meet KYC, KYB, AML, sanctions, and Travel Rule requirements and scale easily across jurisdictions. Keep a clear trail of decisions to respond when regulators ask.
Stop fraud and money laundering early
Catch suspicious accounts, transactions, and networks before they become losses. Use identity, device, behavior, and payment signals together to block mules, synthetics, and fraud rings.
Cut down on analyst workload
Give your team one case console for fraud and AML instead of jumping between tools. See identity, devices, transactions, and network links in one place.
Onboard fast and stay compliant
Verify individuals and businesses in seconds. Use risk-based flows that let trustworthy customers through and flag risky customers for review and additional verification steps.
Verify individuals without slowing them down
Approve genuine customers fast with document or Non-Doc Verification, Liveness, deepfake checks, and NFC reads in one flow.
Run AML screening against watchlists, PEPs, and sanctions at onboarding and keep monitoring them ongoing. Show regulators your work with a full trail of checks, results, and decisions for every applicant.
Run AML screening against watchlists, PEPs, and sanctions at onboarding and keep monitoring them ongoing. Show regulators your work with a full trail of checks, results, and decisions for every applicant.
Onboard and monitor businesses
Verify merchants, partners, and corporate customers quickly with registry checks and UBO screening.
Catch high-risk entities early and keep screening them for changes. Handle different KYB requirements across regions without custom builds.
Catch high-risk entities early and keep screening them for changes. Handle different KYB requirements across regions without custom builds.
Monitor transactions for suspicious patterns
Spot unusual behavior, structuring, rapid movement, and mule flows with rules and AI. Flag transactions in real time and turn cases into regulator-ready STR packages.
Connect transaction monitoring with your onboarding data so you see the full customer picture.
Connect transaction monitoring with your onboarding data so you see the full customer picture.
Detect fraud across the whole user journey
Apply fraud checks at sign up, login, and payout. Link accounts by devices, IPs, payment methods, and shared counterparties to uncover fraud networks.
Combine identity verification with device intelligence and behavioral signals.
Combine identity verification with device intelligence and behavioral signals.
Build flexible flows for different user segments
Create workflows that match risk levels. Low-risk customers get through fast, high-risk ones get extra steps.
Balance compliance requirements with conversion rates and change flows without waiting on engineering.
Balance compliance requirements with conversion rates and change flows without waiting on engineering.
Secure every step of the customer journey
Orchestrate identity verification checks, code-free. Place checks at any stage of the customer journey for top anti-fraud protection and pass rates worldwide.
Works for any type of financial service
Payments and processors
Verify merchants and agents automatically with KYB checks. Monitor transactions across terminals and channels. Reduce chargeback and payment fraud.
Learn moreWallets and remittance
Score P2P and cross border risk in real time. Detect mules and account takeover with device and network signals. Stay compliant with Travel Rule and sanctions checks while onboarding genuine users fast.
BNPL and lending
Verify thin-file customers with alternative signals. Catch synthetic IDs and loan stacking. Score repeat borrowers based on behavior. Run fraud and AML controls that work with credit workflows.
Don’t take our word for it.
Here’s what our clients have to say
- The Fraud Network Detection feature has significantly helped us identify groups of fraudulent users in emerging markets. By analyzing shared IP locations, devices, and fingerprints, we have been able to detect and prevent multiple fraudulent accounts operated by the same network.
Michael DareFraud Investigator at iFAST Global Bank - Sumsub has made managing risks easier and helped us provide a better customer experience.
Paul ChapmanGlobal Head of Financial Crime Operations at Wirex - With Sumsub, we’ve managed to reduce user fraud to practically zero. Since we began using Sumsub, fraud is just one less thing we’ve had to worry about.
Amram AdarCo-Founder and CEO at Oobit
- Identity Verification
- Address Verification
- Fraud Detection
- Anti-Money Laundering
Need the Ideal Solution?
Choose G2's Top Pick
Optimize your fraud detection and response strategy, where cost reduction is achieved effortlessly. Avoid internal development expenses with easy configuration and pre-designed anti-fraud rules.
73
Net Promoter Score
92%
Ease of use
90%
Ease of setup
* According to G2 2025 Identity Verification Spring Report
FAQ
Why is KYC important for financial services?
KYC/AML for financial services is often mandatory, as such businesses likely face risks associated with illicit funds and transactions. Financial service identity verification allows banks, platforms, and applications to combat money laundering, terrorism financing, and other criminal activities.
How do financial institutions verify identity?
Financial institutions use online identity verification (financial service KYC solutions). In most cases, such solutions perform financial serviceidentity verification that validates customers’ government-issued IDs, such as passports or driver's licenses. Besides that, companies may verify other document types (for example, proof of address) or customer live presence (liveness checks).
What is a KYC solution in financial services?
KYC (Know Your Customer) is a process used by financial institutions and financial service companies to verify the identity of their customers and assess potential risks of fraud or money laundering. A financial service KYC solution is a set of tools and procedures that enables financial service companies to comply with regulatory requirements and perform efficient and accurate customer due diligence.
What is transaction monitoring in financial services?
Transaction monitoring in financial services is an ongoing process that helps companies detect suspicious user activity. It monitors transactions in accordance with specified parameters and identifies unusual patterns in money transfers. This process allows financial services companies to detect fraud and report it to authorities.
What is financial services identity verification?
Financial services identity verification is the process used by financial companies to confirm the identity of their clients. It typically involves verifying personal details like name, address, and date of birth against government-issued IDs. Advanced methods may include biometrics, facial recognition, or government database checks.
What is fraud prevention for finance?
Fraud prevention in finance is how banks and financial companies try to intercept scams and stop criminals from stealing money. Fraud Prevention software that watches for suspicious activity like weird transactions or someone trying to log into your account from another country. It covers stolen credit cards, fake identities, and all other types of account fraud.