Software Alternatives, Accelerators & Startups

GOAT Risk VS Sumsub

Compare GOAT Risk VS Sumsub and see what are their differences

GOAT Risk logo GOAT Risk

GOAT Risk™ Easy to use, low cost, risk management software. Packed with pre-populated, editable templates. Subscriptions from as low as £30p/m. Start managing your business risks in a matter of minutes.

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • GOAT Risk Landing page
    Landing page //
    2021-08-11

GOAT Risk™ Easy to use, low cost, risk management software.

The pain free way to manage risk - so you can get on with managing your business.

With GOAT’s simple, secure, low cost risk management software tool, you can collaborate, manage, track and report on your business risks anywhere in the world, all for the price of a daily coffee.

Rolling monthly subscriptions from as little as £30.

Perfect for non-risk experts:

Built by risk experts - so you don't have to be one. Packed with pre-populated templates, risk tips, explanations and definitions, so anyone can use it without prior training.

Works 'straight out of the box':

No lengthy consultation periods or drawn-out, costly implementations. It's ready to use straight out of the box. Start managing your risks in a matter of minutes.

Low cost, transparent pricing:

Choose a plan based on your needs from as little as £30p/m. Cancel at any time. It's risk free!

  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

GOAT Risk

$ Details
paid Free Trial £30.0 / Monthly (1 Risk profile / 5 Users / Additional Users at £6p/m)
Platforms
Cloud
Release Date
2020 August

GOAT Risk features and specs

  • Drag & Drop Risk Assessment: Quickly prioritise risks in a fun and engaging way
  • Risk Registers: Traditional risk registers with a modern twist. Reporting and analysis at the touch of a button.
  • Risk Profiles: Easily create and review risk profiles in workshops with the team or on your own. Review and analyse risk profiles for each department, project, business activity or at the Board level. An on-board Risk Universe is available to assist with risk identification.
  • Editable Risk Universe: The system's built in risk universe functionality helps users think holistically about the risks they face. With our Editable Risk Universe feature, you can make this entirely your own. Create and maintain a standardised and relevant risk taxonomy for the faster creation of comprehensive risk profiles.
  • Control Library: Build your own control library and then associate one control with multiple risks. This means reduced duplication, standardised controls, and the ability to see other risks that share common controls. You can also quickly attach controls to risks within a profile.
  • Controls Assessment: GOAT Risk™ guides you through a control risk self assessment, thinking along key control types, helping users to identify what’s in place and consider control effectiveness. This helps risk owners formulate SMART action plans.
  • Automated Action Tracking: Never miss a deliverable or due date by assigning action owners and timeframes. Automated workflow email reminders make status monitoring a breeze.
  • Incident Reporting: Capture all your Operational, Financial, Health & Safety and even Reputational risk incidents in one place. Grow an increasingly rich corporate memory and continuously promote lessons learned.
  • Key Risk Indicator Tracking: Connect metrics to your risks to enable a data-led, performance management approach, combined with a risk narrative and actions. When introduced, this can be a huge step forward in terms of the value risk management can deliver for you.
  • Risk Reporting: Customisable 1-Click reporting
  • Advanced Search & Report: Using drop downs, you can build a custom set of criteria to search and report upon, using any field (or combination of fields) that exist in the system. Build logical expressions to quickly find anything e.g. Risks where the trend is increasing or where the Net Score is in the red zone. Overdue actions where the status is not complete. Risks by category e.g. Operational / Departmental.
  • Request Update: You can pre-set update frequencies in GOAT Risk™, but sometimes you just need your profiles and risks updated before an important meeting. The Request Update feature allows the system administrator to send a custom message to the owner of a risk, or all the risk owners within a profile requesting an update. Risk owners receive a workflow email with the message, and a record of the request is created in the comments field.
  • Custom Templates: We’ve set things up with a standard risk template, but all the fields can be customised to fit your approach. Change the labels, add or hide fields, use it for other types of risks, lists or registers e.g. Health and Safety, supply chain or even a compliance risk register.
  • Fully Editable Heat-Map: Make it your own!

Sumsub features and specs

No features have been listed yet.

GOAT Risk videos

Ditch the spreadsheet!

More videos:

  • Demo - Drag & Drop Risk Assessment Tool
  • Demo - GOAT Risk - Introduction and System Demo

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to GOAT Risk and Sumsub)
Governance, Risk And Compliance
Identity Verification And Protection
Education
100 100%
0% 0
Identity Verification
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare GOAT Risk and Sumsub

GOAT Risk Reviews

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Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

Social recommendations and mentions

Based on our record, Sumsub seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

GOAT Risk mentions (0)

We have not tracked any mentions of GOAT Risk yet. Tracking of GOAT Risk recommendations started around Mar 2021.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

When comparing GOAT Risk and Sumsub, you can also consider the following products

VidSys - VidSys is a physical security solution that reduces costs, enhances response times, and leverage existing physical security devices, and much more.

Onfido - Onfido is the data-driven platform for intelligent background checking.

SECTARA - SECTARA is a risk management solution that allows security risk consultants and security managers to create modern security risk assessments while assuring methodological rigor, all on the encrypted platform.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

JCAD CORE - Enterprise risk management software

Veriff - Smart and scalable identity verification.