Most comprehensive KYC solution
What do you like best?
Everything really just works. SumSub provides Identity + Proof of Address + many other functions. The price is extremely affordable as well.
Unlike other solutions that we have used in the past, the service is mostly backed by automated tools to analyze documents. Removing human review from most documents ensures that processing is done with more consistency and less errors.
SumSub is also able to add new documents to be processed very quickly. Especially for non-latin character documents which seems to be a huge issue for most competing providers.
Their biometric scanning also gives additional confidence that users are the same person that is submitting documents.
We have used nearly every major identity provider available over the past 4 years and SumSub fills the gaps where each of the other providers failed.
What do you dislike?
Like all KYC providers the integration is a bit tricky due to aligning workflows between internal process and procedures and SumSub process.
What problems are you solving with the product? What benefits have you realized?
We had trouble finding a single provider to handle all aspects of the KYC process. Previously we have 2-3 different providers to handle various aspects if identity verification:
- PEP/SAN Checking
- Multiple providers for different regions and languages
- Multiple providers for proof of address or source of wealth checks.
SumSub was able to do all of these things through a unified API. This allows us to utilize their workflow management to manage our procedures in a single place without additional developer integrations.
