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Sumsub VS Api4.ai OCR API

Compare Sumsub VS Api4.ai OCR API and see what are their differences

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Sumsub logo Sumsub

One verification platform to secure the whole user journey

Api4.ai OCR API logo Api4.ai OCR API

Transform Images into Data with Our High-Accuracy OCR API
  • 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).

  • Api4.ai OCR API
    Image date //
    2024-04-23
  • Api4.ai OCR API
    Image date //
    2024-04-23
  • Api4.ai OCR API
    Image date //
    2024-04-23

OCR API provides picture analysis and text recognition of both - printed documents and handwritten manuscripts.

Api4.ai OCR API

Website
api4.ai
$ Details
paid Free Trial $39.0 / Monthly (Credits: 10,000 / month)
Platforms
-
Release Date
-

Sumsub features and specs

  • Compliance with regulations
    Sumsub offers features to ensure businesses comply with KYC, KYB, and AML regulations, reducing the risk of legal issues.
  • User-friendly interface
    The platform is designed to be intuitive, making it easier for both businesses and users to navigate the verification process.
  • Automated verification
    Sumsub provides automated processes to quickly verify documents and identities, reducing manual workload and speeding up onboarding.
  • Global reach
    Supports document verification from over 220 countries and territories, making it suitable for businesses with an international user base.
  • Customization options
    Offers various customization features to tailor the verification process according to specific business needs and user flows.
  • Fraud prevention
    Advanced technology to detect fraudulent documents and identities, enhancing the security and integrity of the verification process.
  • Comprehensive Analytics
    Provides detailed analytics and monitoring tools to track the verification process and identify bottlenecks or issues.

Possible disadvantages of Sumsub

  • Cost
    The service can be expensive, which might be a barrier for smaller businesses or startups.
  • Complexity for smaller organizations
    The range of features and customization options may be overwhelming for smaller businesses that do not have dedicated compliance teams.
  • Integration challenges
    Some businesses may experience difficulties integrating Sumsub with their existing systems, especially if they have unique technical requirements.
  • Dependence on internet connection
    The service relies on a stable internet connection for real-time verification, which might be problematic in regions with poor connectivity.
  • User privacy concerns
    Users might have concerns about sharing sensitive personal information, such as identity documents, even though Sumsub follows strict security protocols.
  • Regional regulations
    Compliance features might not be entirely up-to-date with the latest regional regulatory changes in fast-evolving jurisdictions, requiring businesses to perform regular reviews.

Api4.ai OCR API features and specs

  • Text recognition
    The OCR algorithm detects words in an image or PDF and returns the results as JSON output for efficient communication.
  • Hundreds of supported languages
    This solution supports a wide range of both modern and ancient languages, from Latin and Cyrillic scripts to Japanese, Chinese, Arabic, and many more.
  • Two recognition modes
    The algorithm can work in two modes: find separate words or extract the whole text present in a picture.

Sumsub videos

How Sumsub KYC works

More videos:

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

Api4.ai OCR API videos

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Category Popularity

0-100% (relative to Sumsub and Api4.ai OCR API)
Identity Verification And Protection
Image Recognition
0 0%
100% 100
Identity Verification
100 100%
0% 0
AI
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 Sumsub and Api4.ai OCR API

Sumsub Reviews

  1. Vito A
    · Trader ·

    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

The Top 10 KYC (Know Your Customer) Solutions
Sumsub is a user verification platform that is designed to provide an easy onboarding process for trusted users from any country. This helps to ensure regulatory compliance, while minimizing fraudulent activities. With a 30-second onboarding time, the platform offers customizable Know Your Customer (KYC) and Anti-Money Laundering (AML) processes tailored to meet unique...
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.

Api4.ai OCR API Reviews

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Social recommendations and mentions

Api4.ai OCR API might be a bit more popular than Sumsub. We know about 10 links to it since March 2021 and only 8 links to Sumsub. 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.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: about 2 years 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 2 years 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 2 years 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 3 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 3 years ago
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Api4.ai OCR API mentions (10)

  • Streamlining Healthcare Paperwork with AI-Powered OCR
    AI-powered Optical Character Recognition (OCR) offers a solution by automating the extraction of data from paper documents, enabling faster and more accurate processing. With AI-OCR, vast quantities of healthcare paperwork — whether patient records or insurance forms — can be scanned and digitized almost instantly. This automation dramatically reduces the time needed for tasks like insurance approvals, billing,... - Source: dev.to / 7 months ago
  • How AI Image Recognition is Transforming Visitor Experiences in Museums and Galleries
    Language should not hinder anyone from enjoying culture, and with AI-based accessibility solutions, museums can offer multilingual support to improve the visitor experience. By combining image recognition with optical character recognition (OCR), AI can automatically detect and translate exhibit labels, signs, and descriptions into the visitor’s chosen language. - Source: dev.to / 7 months ago
  • Transforming Education with AI: The Role of Image Recognition APIs in e-Learning
    Accessibility is a critical consideration in today’s educational landscape, and AI-powered Optical Character Recognition (OCR) plays a major role in making learning materials more accessible to all students. OCR technology converts printed or handwritten text into digital formats that can be utilized by screen readers, braille devices, or other assistive tools. - Source: dev.to / 7 months ago
  • AI in Construction: Enhancing Job Site Safety and Efficiency with Image Processing APIs
    Construction projects generate a vast amount of paperwork, from inspection reports to progress updates. Manually managing these documents is often time-consuming, prone to error, and tedious. Optical Character Recognition (OCR) technology, a key feature of image processing APIs, automates this process by scanning and digitizing on-site paperwork. OCR enables teams to quickly convert physical documents into... - Source: dev.to / 7 months ago
  • How AI-Powered APIs Are Shaping Label and Quality Control in the Food & Beverage Industry
    Optical Character Recognition (OCR): Converts text within images into machine-readable data, enabling quick and precise extraction and analysis of label details. - Source: dev.to / 8 months ago
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What are some alternatives?

When comparing Sumsub and Api4.ai OCR API, you can also consider the following products

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

Api4.ai Face Analysis API - Face and facial landmark detection, face comparison

Veriff - AI-powered identity verification & fraud prevention software Veriff provides a best- in-class identity verification solution combining AI with in-house experts to maximize accuracy and speed.

Imagga - Advanced image recognition technology wrapped in powerful API.

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.

Api4.ai Object Detection API - High-performance Object Detection API for fast and precise image element recognition and analysis