#London #United Kingdom #Sumsub #Identity Verification #Anti-Fraud

Sumsub Recognized as a Leader in Identity Verification Solutions

In a significant development for the digital verification landscape, Sumsub has been named a leader in the latest Forrester Wave™: Identity Verification Solutions report for Q3 2025. This recognition not only underscores Sumsub's market leadership but also showcases its unwavering commitment to enhancing global compliance and advancing innovative fraud prevention solutions.

Key Highlights of the Forrester Evaluation

Forrester's review assessed 15 providers in the identity verification space, analyzing 20 distinct criteria that encompassed company strategies, product offerings, and comprehensive customer feedback. Impressively, Sumsub achieved top scores in half of these assessment criteria, positioning itself as superior to its competitors. In the remaining areas, the company scored on par with its peers, demonstrating its robust capabilities in the identity verification sector.

This acknowledgment reflects Sumsub's dedicated approach to delivering secure and reliable identity verification solutions that help businesses navigate complex compliance and fraud challenges while contributing to a trusted and inclusive digital future.

Addressing Evolving Fraud Tactics

As we move further into an era where fraud tactics are becoming increasingly sophisticated—especially with the rise of AI and Fraud-as-a-Service tools—Sumsub is expanding its platform and enhancing its product suite. A notable introduction this year is the Reusable Digital Identity product suite. This innovative solution enables verified users to securely reuse their identities across more than 4,000 companies within Sumsub's ecosystem, significantly improving onboarding efficiency and giving users greater control over their personal data.

Additionally, Sumsub has upgraded its Non-Doc Verification solution, which provides an efficient and inclusive alternative to traditional verification methods. Fully compliant in over 20 countries, this solution can verify upwards of 5 billion users using government or banking databases in as little as 4.5 seconds—reinforcing the company's commitment to ensuring quick and reliable identity verification for all.

Streamlining Business Verification Processes

For businesses, Sumsub's Business Verification (KYB) solution is gaining traction. It currently accesses over 600 million commercial records for registry checks alongside more than 500 million entries within shareholder databases, allowing organizations to meet stringent KYB requirements with reliable compliance and efficient onboarding processes in as little as 15 seconds. This streamlining is essential for companies dealing with increasingly high case volumes and rigorous regulatory demands.

Recognizing the pressures faced by financial crime teams to swiftly investigate threats, Sumsub has also made significant advancements to its Case Management solution. By integrating AI-powered tools for real-time financial crime investigation and detection, the company is further fortifying its comprehensive identity verification, anti-fraud, and anti-money laundering services.

Celebrating Milestones and Future Aspirations

As Sumsub celebrates a decade of operations, this recognition from Forrester marks a pivotal milestone in its journey. Andrew Sever, the co-founder and CEO of Sumsub, expressed pride in this acknowledgment, emphasizing the trust clients place in the organization and its longstanding commitment to driving innovation within the evolving digital landscape. Sever stated, *"Fraud is a global challenge, and Sumsub is dedicated to collaborating with organizations and policymakers worldwide in our mission to enhance digital trust, create safer environments for businesses and individuals, and foster a more secure future."

In addition to this recent accolade, Sumsub has also been recognized as a leader in the 2025 Gartner® Magic Quadrant™ for 'Identity Verification,' marking its consistent excellence in this domain for the second consecutive year.

For those interested in reading the complete Forrester report, it can be accessed through Sumsub's official page.

About Sumsub

Sumsub operates as a leading verification platform aiming to facilitate fraud-free and scalable compliance. It offers a no-code, adaptable solution that encompasses everything from identity and business verification to ongoing monitoring, effectively adjusting to the continually evolving landscape of risks, regulations, and market demands. Over 4,000 reputable clients, including prominent names like Bitpanda, Wirex, and Vodafone, rely on Sumsub to streamline their verification processes, prevent fraud, and drive business growth, all while adhering to rigorous global AML standards and practices.