Sumsub

RATING:

4.7

(64)

About Sumsub

Sumsub is an all-in-one technical and legal toolkit for KYC/AML needs. The company provides a web-based platform for converting customers, speeding up verification, reducing costs and detecting digital fraud. Sumsub’s global clientele, based in over 200 different jurisdictions are able to meet financial requirements including FCA, CySec, MAS, FINMA, BAFIN, etc. and expand to new regions with the help of technology and legal support.

Sumsub Pricing

Pricing information is provided on request by Sumsub.

Free trial: 

Not Available

Free version: 

Not Available

Sumsub KYC/AML Platform payment methods

Sumsub Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

5

Functionality

4.5

Most Helpful Reviews for Sumsub

1 - 5 of 64 Reviews

User Profile

Ingus

Verified reviewer

Financial Services, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2022

SumSub is a great choice when it comes to your customers verification

PROS

Product is easy to use, integration is quick and simple and the products they are developing and improving just aligns with our own development strategy and pipeline

CONS

Reports could be better and more focused. Whilst they have all the necessary information, it feels to need some authenticity to them, maybe in the design of reports

Oļegs

Banking, 11-50 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed December 2021

The best solution on the market overall.

Useful tool with very little alternatives on the market. Will keep using.

PROS

Feature - rich, The price is affordable and the support is great! The product development is in progress and the tool is getting better.

CONS

Periodic issues with processing speed. Insufficient explanation of various features causes misunderstanding from the side of audit. Mistakes in the legal field (e.g. wrong fields were blurred when this wasn't necessary, etc.) The lack of ability to screen company names against sanction lists apart from the full KYB.

Reason for choosing Sumsub

Ran out of options - the other ones were: Shufti Pro Smart Search Tonbeller Web Shield They all either lack features or are too expensive.

Henry

Financial Services, 51-200 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

FUNCTIONALITY

4

Reviewed January 2022

Does its job

PROS

Able to detect fraud and fits kyc needs for onboarding users

CONS

Needing to press several buttons on multiple documents to uncheck something before clearing the examined user profile, for example to change a document status to approved. Sometimes there are bugs, it allowed users with multiple profiles if they sent in different ID (for example, in different languages on the ID and the system approved both despite having facial matched selfies). Sometimes foreign language docs date of birth is misread. Can't see for sure why someone is blacklisted

Michael

Computer Software, 51-200 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2022

SumSub is a great starting point for small FinTech startups

They are great for compliance and KYC!

PROS

SumSub is easy to use, and they charge based on number of checks with no minimum, which makes it great for small startups who don't have the volume for other products. Their API's are straight forward, and their admin interface is effective.

CONS

The stats and bulk views aren't very effective. It's hard to get a sense of how easily our users are finding the experience. We think that most of them find it easy, but we don't actually have any metrics to know, except the number of complaints we get. Which is small, but the ones who do complain are generally stuck and unable to continue.

Reason for choosing Sumsub

It was cheaper and more affordable at our volume level.

Dev

Capital Markets, 2-10 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed January 2022

Great product

great platform and we can see a huge increase in process rates.

PROS

Easy to use and very good ui/ux for clients to use

CONS

for a company - we want the ability to send clients a direct emails if the documents they have uploaded are incorrect or need adjusting - we haven't found an easy way to do this so far.

Reason for choosing Sumsub

Competitive price and great demo - we were sold at first demo point.

Reasons for switching to Sumsub

SUMSUB is a modern platform - we can see more scale in using SUMSUB