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Sumsub VS My Folder and File Locker

Compare Sumsub VS My Folder and File Locker 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

My Folder and File Locker logo My Folder and File Locker

My Folder and File Locker: Hide Photo and Videos is one of best privacy protection application to easily hide and encrypt your images, videos and any other files that you do not want others to see on your mobile device.
  • 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).

  • My Folder and File Locker Landing page
    Landing page //
    2023-04-19

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.

My Folder and File Locker features and specs

  • Privacy Protection
    My Folder and File Locker offers strong encryption features that ensure the privacy and security of your files and folders, protecting sensitive data from unauthorized access.
  • User-Friendly Interface
    The application features an intuitive and easy-to-navigate interface, making it accessible for users with varying levels of technical expertise.
  • Customizable Settings
    Users can customize settings according to their preferences, allowing for tailored security and usability options that suit individual needs.
  • Quick Lock/Unlock
    The software enables quick locking and unlocking of files and folders, improving workflow efficiency when handling sensitive data regularly.

Possible disadvantages of My Folder and File Locker

  • Limited Features in Free Version
    The free version of My Folder and File Locker offers limited features, which might not meet the needs of more advanced users looking for comprehensive file security.
  • Potential Compatibility Issues
    Some users may experience compatibility issues with certain file types or operating systems, which could hinder the software's effectiveness.
  • Dependence on Software Updates
    The effectiveness of security measures depends on regular updates, and any lapse could result in vulnerabilities or reduced performance.
  • Possible Performance Impact
    Encrypting and decrypting files can result in a performance impact on your device, potentially slowing down operations depending on the hardware specifications.

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

My Folder and File Locker videos

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Category Popularity

0-100% (relative to Sumsub and My Folder and File Locker)

Sumsub

My Folder and File Locker

Identity Verification And Protection
100 100%
Identity Verification And Protection
0% 0
Tool
0 0%
Tool
100% 100
Identity Verification
100 100%
Identity Verification
0% 0
Photography Tools
0 0%
Photography Tools
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 My Folder and File Locker

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...
Source: expertinsights.com
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

My Folder and File Locker Reviews

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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: over 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
View more

My Folder and File Locker mentions (0)

We have not tracked any mentions of My Folder and File Locker yet. Tracking of My Folder and File Locker recommendations started around Mar 2021.

What are some alternatives?

When comparing Sumsub and My Folder and File Locker, you can also consider the following products

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

Easy Vault - Easy Vault: Hide Pictures, Videos, Gallery, Files is an all-in-one privacy protection application designed for those who want to lock and hide their private files.

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.

Folder Lock - Folder Lock is a security software that helps you to password protect files, shred files, clean history, encrypt the personal documents and much more.

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.

Private Photo Vault - Legendary Software Labs LLC introduces a brand new feature-rich privacy protection app known as Private Photo Vault.

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