Transaction Monitoring Software
Never let a suspicious transaction slip past
Protect your company from the $362 billion in online payment fraud losses expected by 2028. Detect suspicious transactions with advanced anti-fraud and AML Transaction Monitoring.
Increase AML precision
Verify the entire user journey with holistic KYC/AML, KYB, Fraud Prevention, and ongoing Transaction Monitoring all in one dashboard.
Improve risk-scoring standards
Improve applicant and transaction risk-scoring thresholds to maintain regulatory compliance and mitigate risk.
Protect your revenue
In 2023, we prevented over $4 bn in losses by detecting fraudulent transactions. On average, one in eight transaction was fraudulent.
Detect all suspicious transaction
activities with one solution
Gain a complete view of your customer's risk profiles and prevent fraud. Sumsub helps you assess customers from sign-up and through their journey with ongoing real-time monitoring, so you can apply informed decisions with automated precision.
Onboarding Orchestration
Sign Up
- Email Risk Assessment
- Phone Risk Assessment
- Device Intelligence
User
Verification
- ID Verification
- Liveness and Face match
- Address Verification
- Live Agent Video Call
- Doc-free Verification
- Public Digital Identity Systems
- QES/eIDAS
- NFC
- Known Face Search
- Blocklist Check
- Duplicate Check
AML
Screening
- PEP + Sanctions
- Adverse Media
Ongoing Monitoring
Login
- Device Intelligence
- Behavioral Fraud Detection
- Face Authentication
- MFA
Fraud
Monitoring
- Device Intelligence
- Behavioral Fraud Detection
- Face Authentication
- Ongoing AML Monitoring
Transactions
- AML Transaction Monitoring
- Bank Account Verification
- Travel Rule
- Fraud Transaction Monitoring
- Behavioral Fraud Detection
We work where you work
Maintain compliance and detect fraud in remittance, lending, and payments. Ensure regulatory adherence, automate fraud detection, and identify illicit activities across Payment Orchestration Platforms (POPs).
Neo and Challenger BanksDetect identity fraud during onboarding, stop unauthorized transfers, and comply with AML rules. Prevent common fraud threats like multi-accounting with ongoing verification.Traditional Banking InstitutionsEnsure AML compliance to mitigate financial crime risks and use real-time monitoring to identify organized crime attempts.
Detect unauthorized transactions, bonus abuse, and arbitrage techniques, while promoting responsible iGaming practices.
Prevent payment fraud, account takeovers (ATO), and illegal chargebacks to ensure secure e-commerce transactions.
Achieve seamless Travel Rule compliance. Detect VASP-to-VASP payments, investigate user balance sources, assess wallet address risk exposure, and implement efficient case management workflows.
Let the numbers do the talking: get 240% ROI
Сompanies that work with Sumsub identity verification software save costs and increase revenue, according to the “Total Economic Impact™ Of Sumsub’s Verification Platform study by Forrester Consulting. Let’s see what results you can get
240%
ROI
3.21M
NPV
4.55M
Benefits PV
< 6
months payback
Rule bundles for
every scenario
Flag suspicious transactions with rules for every Transaction Monitoring application.
Ready-to-use rule bundles
Discover 300+ pre-built rules customized for different industries like fintech, traditional finance, crypto, e-commerce, and iGaming. Create unlimited custom rules using your own data sources, with no coding required, and test them in dry-run mode for seamless integration.
AI-driven human language rule builder
Rules can be requested in plain English without the need for coding expertise. Simply write a statement like "More than 5 transactions to the same beneficiary in 24 hours," and the system will automatically translate it into rule logic.
Rule builder with auto-complete
Simplify rule creation with our intuitive builder. Just type keywords, and the system will suggest relevant expressions, making the process effortless.
Harness the power of AI
Sumsub's Transaction Monitoring solution integrates AI and ML at every critical stage.
AI-driven anomaly detection
Our AI continually enhances pattern analysis, uncovering fraud and money laundering beyond standard screening parameters, even from elite criminal practices.
Payment reference screening with AI
Detect suspicious words, phrases, and instructions from watchlists within your Transaction Monitoring system, signaling potential fraud attempts.
AI-powered event and Transaction Monitoring
Stay ahead of advanced fraud threats with cutting-edge algorithms, including device fingerprinting, IP addresses, and geotracking. Analyze real-time data across transactions, behaviors, and intricate networks to detect and prevent fraud.
Case management, analytics, and reporting in one place
Optimize compliance performance and cross-team collaboration with one unified solution.
Increase team productivity
Optimize productivity with intuitive case management, investigation, and alert handling features. Maximize case processing speeds, enabling team members to focus on what matters while improving collaboration.
Improve analytical overviews
Customize your analytics dashboard with various visualizations and data points, including rule statistics and transaction scoring information. Make informed, data-driven decisions effortlessly.
Streamline SAR/STR generation
Save valuable time with Sumsub's automated SAR/STR feature by detecting suspicious activities and generating ready-to-file reports. Focus on safeguarding your business from financial crime, without wasting resources on outdated manual data sifting processes.
Integrate via API or take
control of data with your own key
Sumsub’s solution architects will customize the rules for you based on your requirements. Our no-code visual interface and 24/7 support make it easy to get started. Additionally, Sumsub integrates with Chainalysis to streamline your workflow and monitor suspicious transactions.
Don’t take our word for it.
Here’s what our clients have to say
COO at Paybis
The KYC provider we used previously did not offer all of the features that we needed, so we had to use a combination of different solutions. Managing everything on multiple platforms wasn’t comfortable, and it was keeping us from launching new products. Therefore, we decided to switch to a single solution that handles all of our requirements and makes the entire KYC and AML compliance process more effective.
Choosing your ideal solution?
Sumsub is G2’s Top Pick
Surpass competitors with a partner who knows how to excel, as validated by user reviews.
FAQ
What is a transaction monitoring system?
A transaction monitoring system detects and reports suspicious activity patterns on users' accounts. These actions may include flagging an unusually large transaction or number of deposits or withdrawals in a short period. Specific reporting methods, such as Suspicious Activity Reports (SARs), are also made available, which help financial institutions comply with AML regulations.
Which software is used for transaction monitoring?
A wide variety of software is available for transaction monitoring, which is used to help financial institutions automatically detect suspicious transactions and comply with anti-fraud and Anti-Money Laundering (AML) regulations. The best systems are tailored to specific risk profiles, allow easy customization, and cover the entire user journey from onboarding to ongoing monitoring.
What is an example of a transaction monitoring scenario?
An example of a transaction monitoring scenario could be detecting multiple large cash deposits into a customer's account within a short period, indicating potential money laundering. The system flags these transactions for review, enabling the institution to investigate further and file Suspicious Activity Reports (SARs) if necessary, ensuring compliance with AML regulations.
What is a suspicious activity monitoring solution?
A suspicious activity monitoring solution is a system designed to detect and prevent illicit activities within financial transactions. Using advanced algorithms and data analytics, it identifies abnormal patterns or anomalies that may indicate fraud, money laundering, or other illegal activities, enabling organizations to mitigate risks and ensure regulatory compliance.