Payments KYC/AML Compliance Solution
Verify and secure
payments with global
compliance
Effortlessly scale with a powerful full-cycle verification platform that prevents fraud. Ensure compliance with fast, frictionless onboarding, and automated risk detection at every step.
30 secs
average verification time (ID + liveness check)
40%
cost reduction with automated KYC/AML
85%
reduction in successful
ATO attacks
Securing a compliant
journey at every stage
Block threats before onboarding
Prevent fraud from slipping through with our pre-screening. Using risk-based digital profiles, we automatically block bad actors before they breach your defenses. Detect and analyze suspicious behavior effectively, all while staying compliant with strict AML regulations.
Welcome new customers faster and for less
Ready to onboard? Verify clients in 30 seconds with automated verification flows that minimize human error. Meet regulatory requirements while reducing your KYC and AML costs by up to 40%.
Sumsub’s average pass rate for France is 96.39%
Sumsub’s average pass rate for United Kingdom is 95.86%
Sumsub’s average pass rate for United States is 91.64%
Detect payment red flags instantly
Shield your business from payment threats like card fraud, chargebacks, and account takeovers with our transaction monitoring. With thousands of data points analyzed in real-time, our system flags suspicious activity on users or devices, allowing you to block stolen cards before any damage is done.
Deliver always-on risk prevention
Identify potential hazards and respond proactively to minimize the impact of risk with our dynamic risk assessments. Our system continuously collects and analyzes data to identify any emerging risks.
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
Customize the verification flow with no code
Tailor the Non-Doc flow on a country-specific basis. Add document-based checks, AML Screening, Address Verification, and more according to your individual needs.
Since we started using Sumsub, our onboarding time has improved significantly. New users are now able to be verified within seconds. Following integration with Sumsub, our pass rate grew by 70%.
Executive Director and Chief Compliance Officer
95%
reduction in verification time
With Sumsub, the primary wins for us now include having KYB, KYC, and Transaction Monitoring all in one profile, which gives us a complete view of our customers. We also appreciate the ongoing screening of all counterparties and the ease of managing the compliance platform.
CPO
50%
reduction in onboarding costs
As we continue to expand our payment services into diverse markets, Sumsub plays a crucial role in facilitating our company’s growth by ensuring compliance with verification standards across different countries, each with unique regulatory frameworks.
Head of Swap Product
53%
increase in processing rate
Automate verification steps
to fit your AML policy
Build multiple verification workflows according to user risk profiles, automatically run extra checks based on applicant actions, and set up triggers for manual case review. All without writing a single line of code.
Choosing Your Ideal Solution?
Sumsub is G2's Top Pick. See how we excel beyond our competitors in key areas,
as validated by user reviews on G2
FAQ
What does payment compliance mean?
Payment compliance involves adhering to laws and regulations established by global governing bodies to ensure safety and security in the payments industry. This compliance is crucial for identifying and preventing fraudulent activities, such as card fraud, identity theft, and data breaches. Staying compliant protects both businesses and consumers.
What are payment compliance regulations?
Payment compliance regulations consist of strict operational guidelines, licensing requirements, and industry best practices established by governments and regulatory authorities. These rules must be followed by payment businesses to legally operate and maintain trust in financial transactions. Failure to comply can lead to significant fines, penalties, and reputational damage.
What is the KYC for payment processor?
KYC (Know Your Customer) is a mandatory process that payment processors use to accurately verify and authenticate a client's identity. This process is essential to prevent fraud, money laundering, and other financial crimes. Basic KYC requirements include collecting the client's name, date of birth, address, and government-issued ID. Advanced verification methods can involve facial recognition, biometrics, or cross-checks with government databases to enhance security.