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Sumsub VS iovation

Compare Sumsub VS iovation and see what are their differences

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. featured
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Sumsub logo Sumsub

One verification platform to secure the whole user journey

iovation logo iovation

iovation offers device-based solutions for fraud prevention and authentication.
  • 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).

  • iovation Landing page
    Landing page //
    2021-12-22

Sumsub

Website
sumsub.com
Pricing URL
Official Sumsub Pricing
$ Details
paid Free Trial
Platforms
iOS Android Web REST API
Release Date
2015 January
Edit details

iovation

Website
transunion.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-
Edit details

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

iovation videos

+ Add

iovation Employee Reviews - Q3 2018

More videos:

  • Review - Orbitz Uses iovation Device Reputation as its Foundation for Fraud Prevention
  • Review - iovation: Battling Credit Write-Offs by Identifying Synthetic Identity (Gartner Report Part 1)

Category Popularity

0-100% (relative to Sumsub and iovation)

Sumsub

iovation

Identity Verification And Protection
100 100%
Identity Verification And Protection
0% 0
eCommerce
0 0%
eCommerce
100% 100
Identity Verification
100 100%
Identity Verification
0% 0
Fraud Prevention
0 0%
Fraud Prevention
100% 100

User comments

Share your experience with using Sumsub and iovation. 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 Sumsub and iovation

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.
Source: www.techtimes.com

iovation Reviews

Fraud prevention platform Seon raises a $12M Series A round led by Creandum
SEON are seen as competing with Emailage, Iovation, Threatmetrix. However, SEON’s thesis is that social media is a great proxy of a legitimate user vs bot/fake fraudster, so it looks heavily at social accounts to weed out fraudsters.
Source: techcrunch.com

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.

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 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: about 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: over 1 year 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: almost 2 years ago
View more

iovation mentions (0)

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

What are some alternatives?

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

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

Riskified - eCommerce fraud prevention solution and chargeback protection guarantee for online merchants. Find out how we can help your company boost revenue from online sales using our machine-learning powered eCommerce fraud protection software.

Veriff - Smart and scalable identity verification.

Signifyd - Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores.

Shufti Pro - Shufti Pro offers AI-based KYC and AML screening solutions empowered with biometric authentication.

Kount - eCommerce fraud detection & prevention

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