Selected as a Top Vendor globally, Sumsub Drives Sustainable Growth and Innovation in Fraud Detection and Identity Verification Technologies for Enhanced Security and User Experience

WITH new technology and a dedicated iGaming team, Sumsub has emerged as one of the industry’s leaders in fraud prevention, offering a full-cycle verification platform trusted by over 2,500 companies worldwide. With advanced tools and the ability to streamline onboarding processes in just 30 seconds, Sumsub is redefining compliance and fraud prevention.
Founded in 2015, Sumsub is experiencing rapid growth, with a 100% revenue increase projected in 2024. The company operates globally, with offices in London, Singapore, Limassol, Dubai, Berlin, Miami and Tel Aviv, supported by a 500+ strong workforce. Its platform reduces onboarding time from 4.5 minutes to just 30 seconds while providing robust KYC/AML and fraud prevention services.
Powered by advanced AI, Sumsub’s solutions predict and prevent fraud with dynamic risk scoring and real-time intervention. Its innovative Non-Doc Verification eliminates document uploads, onboarding users in under 5 seconds. Adoption of this feature increased by nearly 5x, rising from 7% to improved fraud detection rates by 32% from 2023 to 2024, ensuring businesses remain secure.
Sumsub’s impact is evident: it has blocks over 350,000 fraud attempts monthly, verifies more than 1 million users daily, and reduces compliance teams’ workloads by 85%. Its platform tackles key challenges, including identity theft, account takeovers, and bonus abuse.
Recognised by industry giants like Gartner and Frost & Sullivan, the company has achieved a 240% ROI for clients and is the first identity verification vendor to join the European Gambling and Betting Association (EGBA).
Through its 2024 analysis of 3 million fraud attempts, Sumsub recently released its Identity Fraud Report 2024, continuing to provide critical insights for combating fraud. “Fraudsters evolve, but so do we,” said Kris Galloway, Head of iGaming Product. “Our mission is to ensure businesses stay secure and thrive in an ever-changing landscape.”
>> Download the full Gambling IQ fraud report here: https://www.gamblingiq.co.uk/post/igaming-s-evolving-threats-deepfakes-bonus-abuse-and-security-innovations-featuring-leading-anti