Software Alternatives, Accelerators & Startups

Signzy VS Sumsub

Compare Signzy VS Sumsub and see what are their differences

Signzy logo Signzy

Signzy provides Digital Onboarding, identity verification, eSign & Contracting - Platforms & APIs to help businesses meet KYC, KYB AML regulations in Banking, Insurances, Financial services , Automobile, Payments, etc

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • Signzy Workflow builder
    Workflow builder //
    2024-04-19
  • Signzy User Screens
    User Screens //
    2024-04-19
  • Signzy Assisted Sales App
    Assisted Sales App //
    2024-04-19
  • Signzy
    Image date //
    2024-04-19

Signzy is a market-leading platform that is redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses - using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering totally customizable workflows. It gives these players access to an aggregated marketplace of 300+ bespoke APIs that can be easily added to any workflow with simple widgets. Signzy focuses in helping institutions to create digital journeys compliant with regulations which helps them increase customer conversions, prevent fraud, and reduce onboarding costs – all without adding unnecessary friction to genuine users.

Why Signzy ? - Signzy counts following as their customers India's Top 3 PSU Banks, Top 3 Private Banks, Top 3 NBFCs and close to 500+ other institutions. - One-stop solution for everything you need to meet your AML and KYC compliance obligations.

  • 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).

Signzy

Website
signzy.com
Pricing URL
-
$ Details
paid Free Trial $0.01 / Usage
Platforms
-
Release Date
2015 November

Signzy videos

Accelerate to Innovate with Signzy’s digital infrastructure platform, powered by Microsoft Azure

More videos:

  • Review - Demo day pitch | Signzy | The Digital Banking Infrastructure
  • Review - How Signzy is making Transaction Safe for Users #Short 23

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 Signzy and Sumsub)
APIs
100 100%
0% 0
Identity Verification And Protection
Know Your Customer (KYC)
100 100%
0% 0
Identity Verification
0 0%
100% 100

Questions and Answers

As answered by people managing Signzy and Sumsub.

What makes your product unique?

Signzy's answer

  • Signzy counts following as their customers India's Top 3 PSU Banks, Top 3 Private Banks, Top 3 NBFCs and close to 500+ other institutions.
  • One-stop solution for everything you need to meet your AML and KYC compliance obligations.

User comments

Share your experience with using Signzy and Sumsub. For example, how are they different and which one is better?
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Reviews

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

Signzy Reviews

We have no reviews of Signzy yet.
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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.

Signzy mentions (0)

We have not tracked any mentions of Signzy yet. Tracking of Signzy recommendations started around Apr 2024.

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 Signzy and Sumsub, you can also consider the following products

Surepass.io - End-to-End user OnBoarding & Digital Identity Verification solutions for Enterprises | Digital KYC | Background Verification | Banking

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

Digitap Alternate Data Suite - A well-designed solution to extract financial and non-financial information of your customer from multiple data points such as bank statements, telecom, e-commerce sites, mobile devices, employment records etc.

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.

Setu - Setu’s APIs and software is used by hundreds of businesses from startups to large enterprises to reimagine onboarding, payments, deposits, lending and data empowerment for their end customers.We’re hiring across the board!

Veriff - Smart and scalable identity verification.