Assessing the Impact of an Industry-leading Take on Anti-Money Laundering

Sumsub, a global full-cycle verification platform, has officially published the results from its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting.

According to certain reports, this whole study was designed to examine the potential return on investment (ROI) enterprises may realize by deploying Sumsub’s Anti-Money Laundering (AML) Transaction Monitoring solution.

More on that would reveal how Forrester’s methodology involved interviewing a decision-maker from an organization which has deployed Sumsub’s AML Transaction Monitoring solution. As for the results, they would go on to reveal that the organization realized significant efficiency gains and compliance improvements, resulting in a staggering 272% ROI over a three-year period, with a payback period of under six months.

You see, before adopting Sumsub’s solution, the interviewed organization faced several critical challenges in their AML processes. These challenges included a lack of centralized visibility, which forced teams to navigate multiple disconnected systems, thus preventing a unified view of operations and causing delays. Not just that, the organization also suffered from excessive manual effort, with key tasks like rule creation and alert configuration bearing the effects.

However, post the implementation of Sumsub’s AML Transaction Monitoring solution, the organization was able to effectively centralize AML monitoring and automate key workflows, making it easier for cross-functional teams to collaborate and respond to risks in real time.

Talk about the whole value proposition on a slightly deeper level, we begin from the improved money laundering detection. Leveraging the automation potential, Sumsub’s technology successfully eliminated manual work and saved 100% of time spent generating alerts and 90% of weekly operational reporting.

Next up, the solution would significantly scale up investigation efficiency. This translates to how Sumsub was able to shrink alert volume, and at the same time, streamline investigations, empowering analysts to spend one-third less time on AML cases.

“Having spent the last decade working closely with compliance teams, we really understand the day-to-day challenges they face,” said Andrew Sever, co-founder and CEO at Sumsub. “Our data showed that 76% of fraud happens after onboarding, which makes ongoing monitoring just as important as the initial checks. That’s why our AML Transaction Monitoring is designed to give compliance officers, risk managers, and analysts a clear, unified view of operations—helping them spot suspicious activity faster, make better decisions, and keep financial transactions secure as threats evolve.”

Another detail worth a mention relates to the optimization of rules management efficiency. As a result, the surveyed organization’s financial crime managers gained the ability to easily update rules themselves, making quicker changes and reducing reliance on technical teams.

Rounding up highlights would be the enhancements observed across the company’s pursuit of meeting all regulatory requirements. Thanks to that, audit reports are now easily completed, saving 90% of time and ensuring quick access for regulatory reviews.

Founded in 2015, Sumsub’s rise up the ranks stems from its full-cycle verification platform, which is best known for securing user journey in and around every touchpoint. For better understanding, with company’s customizable KYC, KYB, Transaction Monitoring, and Fraud Prevention solutions, one can seamlessly orchestrate their verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect their business.

Sumsub’s excellence in what it does can also be understood once you consider it serves, at present, more than 4,000 clients across the fintech, crypto, transportation, trading, e-commerce, education, and gaming industries. These customers include the likes of Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo. 

In case that wasn’t enough, the company also has citations in research published by global institutions such Statista.

“With over 4,000 companies trusting us, we’re proud to support businesses in staying compliant and protected every step of the way,” said Sever.

Hot Topics

Related Articles