Sumsub Achieves Leader Status in Identity Verification Market
Sumsub Achieves Notable Recognition in Identity Solutions
This recognition affirms Sumsub's market leadership and commitment to advancing global compliance and fraud prevention through innovation.
Sumsub, a premier name in the realm of verification and anti-fraud services, has recently earned the accolade of being a Leader in The Forrester Wave™: Identity Verification Solutions, Q3 2025 evaluation. This esteemed report evaluates a total of 15 identity verification solution providers across 20 distinct criteria, analyzing both strategic approaches and current offerings.
In this critical assessment, Sumsub distinguished itself by achieving the highest scores in half of the criteria examined, showcasing its superiority compared to other vendors. In the remaining areas, Sumsub performed on par with its competitors. This acknowledgment reflects the company’s unwavering dedication to delivering secure and reliable identity verification solutions that assist businesses around the globe in navigating the complexities of compliance and combating fraud, thereby fostering a trusted digital landscape.
Innovative Solutions Addressing Evolving Fraud Tactics
As the landscape of fraudulent activities continues to evolve, particularly with the rise of AI and Fraud-as-a-Service frameworks, Sumsub is committed to enhancing its platform and product suite. These enhancements are designed to safeguard both businesses and individuals throughout the entire user journey.
Earlier this year, Sumsub introduced its revolutionary Reusable Digital Identity product suite, allowing verified individuals to reuse their identities securely across a network of over 4,000 companies. This innovation improves onboarding efficiency while empowering users to maintain full control over their personal data.
Expansion of Verification Capabilities
Sumsub has also broadened its Non-Doc Verification solution, which serves as a modern, document-free alternative to traditional verification methods. This approach ensures inclusive and swift onboarding experiences. Currently, the solution boasts full compliance across more than 20 countries and is capable of verifying upwards of 5 billion users through governmental and banking databases in an impressive time frame of as little as 4.5 seconds.
The report further emphasizes the extensive scope of Sumsub's Business Verification (KYB) solution, which offers access to over 600 million commercial records for conducting registry checks and more than 500 million entries within shareholder databases. This efficient process enables organizations to satisfy rigorous KYB requirements globally, with business verifications completed in as little as 15 seconds.
Integrated Solutions for Financial Crime Prevention
With increasing case volumes and growing regulatory demands, financial crime teams are under constant pressure to act swiftly and effectively against potential threats. To address these challenges, Sumsub has upgraded its Case Management solution by integrating AI-powered tools designed for real-time financial crime investigation and detection. These enhancements ensure comprehensive coverage across its identity verification, anti-fraud, and anti-money laundering solutions.
"Celebrating our 10th anniversary, receiving recognition as a Leader in the Forrester report marks a significant milestone for Sumsub. This achievement underscores the trust our clients have in us, as well as our decade-long commitment to promoting trust and compliance in the dynamic digital landscape," stated Andrew Sever, co-founder and CEO at Sumsub. "Fraud is a global issue, and we strive to collaborate with organizations and policymakers worldwide to shape the future of digital trust, creating safer environments for both businesses and individuals."
In addition to this recent recognition, Sumsub has once again been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for 'Identity Verification', highlighting its ongoing commitment to excellence.
In Summary
As a leading full-cycle verification platform, Sumsub is committed to fostering fraud-free, scalable compliance. Its no-code solutions span a range of services, including identity and business verification, as well as ongoing monitoring to swiftly adapt to shifting risks and market demands. The company has been acknowledged by industry leaders such as Gartner, Liminal, and KuppingerCole, underscoring its effectiveness in delivering advanced fraud prevention methodologies.
Currently, over 4,000 clients, including well-known brands like Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo, rely on Sumsub’s expertise for verification processes. Their methodology aligns with prominent global AML standards and regulations, showcasing their engagement with key institutions such as the UN and INTERPOL.
Frequently Asked Questions
What is the significance of Sumsub being recognized as a Leader?
Being named a Leader highlights Sumsub's superior capabilities and commitment to excellence in identity verification, showing their efficacy in helping businesses with compliance and fraud prevention.
How does Sumsub's Reusable Digital Identity product work?
This suite allows verified users to securely reuse their identities across a large network of companies, streamlining the onboarding process and enabling users to manage their own data.
What is the timeframe for Sumsub’s Non-Doc Verification?
Sumsub's Non-Doc Verification solution can verify individuals in as little as 4.5 seconds, providing quick and efficient service across multiple countries.
What features does Sumsub's Business Verification solution offer?
Sumsub's Business Verification solution provides access to extensive commercial records and enables swift verification processes, meeting rigorous compliance standards effectively.
How does Sumsub integrate technology into its solutions?
Sumsub incorporates AI-powered tools in its Case Management solution for real-time investigations, allowing for comprehensive financial crime detection and management.
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