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Sumsub VS Simplici.io

Compare Sumsub VS Simplici.io 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

Simplici.io logo Simplici.io

Discover Simplici, the leading compliance and verification solution. Streamline your processes with secure eSignatures and KYC/AML checks. Book a demo today.
  • 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).

  • Simplici.io Landing page
    Landing page //
    2023-11-24

Simplici is a fully white-labeled, end-to-end account origination and management solution. We apply mobile-first, AI, and biometric-enabled identity verification to deliver results - fewer abandoned processes, reduced time to onboard, seamless integrations, and fraud prevention. Technology built for financial professionals by financial professionals. Simplici reinvented decades-old processes but integrates seamlessly with core systems through FIX API, SOAP API, or API. We eliminated onboarding friction for the end customer but did not stop there. We also eliminated the integration friction for the financial institution and enhanced compliance documentation and due diligence for audits and examinations.

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

Simplici.io videos

+ Add

Simplici - The Ultimate KYB/KYC and AML procedures, integrated funding, and e-signature.

Category Popularity

0-100% (relative to Sumsub and Simplici.io)

Sumsub

Simplici.io

Identity Verification And Protection
94 94%
Identity Verification And Protection
6% 6
Identity Verification
95 95%
Identity Verification
5% 5
Security & Privacy
94 94%
Security & Privacy
6% 6
Security
100 100%
Security
0% 0

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 Simplici.io

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

Simplici.io Reviews

  1. Perfect Fit for Merchant Onboarding and KYC

    You can tweak it to fit your exact verification needs and compliance standards.

    🏁 Competitors: TechRadar
    👍 Pros:    We've been rocking with simplici for a while now for merchant onboarding, and it's super customizable. you can tweak it to fit your exact verification needs and compliance standards. its scalability means it's a perfect fit for any size business, from small startups to big-time enterprises.
    👎 Cons:    While they usually roll out updates and patches on time, sometimes you might be waiting too long. it's not a deal-breaker, but let's be real—who loves waiting around? overall, though, it's an exciting product they've got going on.
  2. Best KYB software provider in US

    SiMPLICI's KYB software offers swift verification, streamlined onboarding processes, and comprehensive compliance controls. This assists businesses in adhering to regulatory requirements and mitigating risks. With real-time monitoring capabilities, the platform empowers businesses to detect and prevent fraudulent activities effectively.

  3. Efficient and Secure, Simplici Delivers on Promises

    Simplici has transformed our onboarding process, making it both efficient and secure. The automation features, especially in KYC verification, have significantly reduced manual effort, allowing us to focus on core business activities. The biometric authentication is a game-changer, ensuring a high level of security. The platform's user-friendly interface and customizable workflows have streamlined our operations.

    🏁 Competitors: Veriff
    👍 Pros:    Kyc|Kyb|Aml
    👎 Cons:    Nothing, so far

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 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

Simplici.io mentions (0)

We have not tracked any mentions of Simplici.io yet. Tracking of Simplici.io recommendations started around Nov 2023.

What are some alternatives?

When comparing Sumsub and Simplici.io, you can also consider the following products

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

SEON - SEON Sense Platform is a modular and AI-powered fraud detection software that deliver clear results with an automated, machine-driven workflow.

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.

Oracle Bharosa - Oracle Bharosa is a fraud and identity theft control system that helps you combat these problems in your organization.

Veriff - Smart and scalable identity verification.

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

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