Comparison

Compare SEON vs Sumsub

Sumsub Key Features:

The Sumsub suite of products is divided into four categories: User Verification, Business Verification, Transaction Monitoring, and Case Management.
The User Verification solution includes ID checks and Liveness video checks.
Business Verfication checks 400M AMl files on companies and ultimate beneficial owners in 220 countries.
The Transaction Monitoring option is designed to accept more payments, meet AML requirements, and identify suspicious transfers. It is the chosen method for a number of crypto businesses.
Finally, Case management offers a single dashboard to manage AML cases, including the option to create reports and send them directly to the relevant regulatory bodies.

Pros of Sumsub

Complete KYC, AML and ID verification solution.
Tried and tested solution for a number of crypto businesses.
Clear pricing and product segmentation.

Cons of Sumsub

No data enrichment for ID verification.
Doesn’t offer protection against fraud for the entire payment ecosystem.
Liveness and video verification can become costly and time consuming for customers.

Compare SEON with Sumsub for Yourself

SEON’s advanced APIs and device fingerprinting provide fast, scalable fraud prevention solutions, no matter the size or ambition of your organization.

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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 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.

Choose SEON if

Your main aim is to prevent fraudulent transactions and accounts by learning more about your users without asking them.
You’re looking for fraud prevention that supports your entire payment ecosystem and customer onboarding process.
You simply need an extra layer of AML verification by checking relevant lists.

Choose Sumsub if

You’re looking to implement a form of liveness or document verification.
You need to stay compliant with data protection, AML and CFT rules.
You’re looking to pick and choose identity verification steps, tailoring them to your specific requirements.

See How SEON Helps You Grow

See our real-time fraud prevention solution in action, boasting unique digital footprinting, granular reporting, custom risk rules and machine learning.

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