Sumsub
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Verification platform Sumsub and Indonesian fintech industry body Asosiasi FinTech Indonesia (AFTECH) have jointly released a whitepaper calling on payment providers to adopt continuous, technology-enabled compliance as Indonesia’s regulatory framework undergoes a fundamental restructuring. The whitepaper, titled From Entity to Activity-Based Regulation: What Payment Providers in Indonesia Need to Know, arrives as Bank Indonesia’s BI…
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Sumsub has partnered with Go Digital Philippines to bring secure identity verification to the country’s digital economy push, with implications for broader ASEAN digital inclusion efforts.
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Sumsub, the global full-cycle verification platform, and ComplyAdvantage, a provider of AI-driven financial crime compliance solutions, have announced a strategic partnership to enhance anti-money laundering (AML) screening for compliance teams worldwide. How the integration works ComplyAdvantage’s AI-native Mesh platform will serve as the foundational intelligence layer powering Sumsub’s AML screening across its Know-Your-Customer (KYC), Know-Your-Business…
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Global verification and fraud prevention firm Sumsub has launched a public registry aimed at recognising businesses that demonstrate strong anti-fraud and compliance practices, as companies worldwide face increasingly sophisticated digital threats. The Risk Intolerant registry, unveiled this week, awards tiered badges to organisations that meet Sumsub’s internal assessment standards across know-your-customer (KYC), anti-money laundering (AML),…
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Sumsub has joined the World Economic Forum’s Unicorn Community, an invite-only network of private technology firms valued at more than US$1 billion and seen as shaping the future digital economy. The identity verification and fraud prevention company said its co-founder and chief executive, Andrew Sever, will attend the World Economic Forum’s 2026 Annual Meeting in…
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Sumsub has launched “Risk Scoring”, a real-time engine designed to help compliance teams automate anti-money laundering (AML) decisions and continuously assess customer risk from onboarding through ongoing monitoring. The company says the Sumsub Risk Scoring tool updates scores as behaviours change, reducing manual reviews and improving response to emerging threats. The Singapore-dated announcement on Oct…
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Sumsub has launched an online academy offering free, expert-led training for compliance, risk, and anti-fraud professionals. The newly unveiled Sumsub Academy is positioned as the first of its kind in the verification and fraud prevention industry to provide external expert-led educational modules. The initiative comes at a time when fraud is rising sharply – a…
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Sumsub, a global full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product, enhancing identity validation for businesses operating in the country. The solution leverages real-time, government-backed verification of key identity documents – including passports, driving licences, and visas – helping organisations comply with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations while…
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The growing maturity of artificial intelligence (AI) has benefited businesses and people over the last two years since OpenAI opened their large language models vault. While the cheers of AI’s greatness continue to proliferate across the world, the dark side is also bringing jeers from AI antagonists, pessimists, and especially victims of technology fraud like…
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The Asia Pacific region (APAC) is grappling with a dramatic rise in identity fraud, driven by deepfake technology and the accessibility of Fraud-as-a-Service (FaaS), according to Sumsub’s fourth annual Identity Fraud Report, released today. Identity fraud surged 121% year-on-year (YoY) in 2024, with Singapore, Thailand, and Indonesia experiencing spikes of 207%, 206%, and 201%, respectively. Deepfake fraud is at the forefront…
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