Compare SEON vs Sumsub

A strong player in the risk management landscape with a focus on KYC, AML and IDV, Sumsub is known for its ease of implementation and customer-centric approach.

However, just like with any software, it’s no one-size-fits-all solution. Read on to find out whether Sumsub or SEON is better suited to your organizational needs.

About Sumsub

Providing solutions in identity verification and AML since 2015, Sumsub’s suite is the choice of leaders like Uber, Bitcoin.com and Philip Bank. 

Companies looking to identify fraudulent customers will be interested in its comprehensive KYC & IDV solutions. 

Sumsub, which is shorthand for “sum and substance”, includes AML checks so that you can stay compliant with data protection regulations and avoid penalties while onboarding. The firm has also launched a KYB (know your business) solution.

Unlike SEON, Sumsub sells itself primarily via its identity verification features and can help you verify dozens of diverse documents. 

However, there is some key overlap when it comes to both products’ fraud fighting potential. Read on to find out whether SEON or Sumsub is the right choice for your business.

Key products

With identity verification at its core, Sumsub looks to streamline the entire process by tailoring it to your business needs. By choosing which particular steps you need in your verification workflow, you can eliminate any unnecessary add-ons from your package. 

This includes liveness and face match checks to ensure an efficient onboarding process, as well as an ID verification system that supports identification documents from more than 220 countries. 

Moreover, the verification system encompasses email verification and phone verification, while businesses working with cryptocurrency will be interested in its crypto transactions monitoring system.

Pros of Sumsub

• Custom user flow option means Sumsub’s verification process can be tailored to bespoke business requirements.
• Thorough AML system, with core features including behavioral analytics, case management, compliance reporting, investigation management, real-time PEP screening and watch lists.
• Blacklist of 1+ million known fraudsters to help mitigate attacks.

Cons of Sumsub

• Sumsub’s UI and features have been reviewed as unclear for some users.
• Doesn’t offer protection against fraud for the entire payment ecosystem.
• Liveness and video verification can become costly and time consuming for customers.

SEON vs Sumsub Features Comparison Table

Where SEON Wins over Sumsub

• SEON offers phone and email data enrichment, which fraudsters are less likely to fake successfully compared to conventional methods of verification. User data is gathered in real-time and is thus more accurate compared to Sumsub’s blacklist, meaning you can learn even more about customers.

• SEON offers a complete end-to-end fraud fighting solution and is completely frictionless, with no impact on the onboarding process, meaning it can’t cause customer churn.

• SEON also wins out when it comes to clamping down on bot farms. That’s because it offers tools like bot detection and mitigation, which Sumsub lacks. 

Where Sumsub Wins over SEON

• Sumsub allows you to fulfill your KYC/AML lists mandate in the form of, e.g. document or selfie-based verification, which SEON does not.

• Identity verification focused features including case management, compliance reporting, investigation management and PEP screening. One-click ID verification possible without a need for documentation for countries that have introduced ID numbers.

• Sumsub can serve businesses better against offline scammers such as those running car rental schemes.

Further Reading

See Alternatives to SumSub

SumSub Alternatives

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