Sumsub

AI... there are so many questions surrounding it, and one stands out: Friend or Foe? Our answer: it can be both. You can quickly accomplish routine tasks or ask #AI to create a language learning plan for you, while another person might use AI for fraudulent purposes. We believe that AI can be a friend if its users adhere to four rules: • Collaborate • Stay ethical • Combat misuse of AI • Regulate AI Learn more about this and choose your side 👾 https://lnkd.in/dsghAuiK

Sumsub’s 2023 Identity Fraud Report revealed that fraud is not only increasing in number but also getting more sophisticated. 🥷 Documents from developed economies were increasingly forged by fraudsters, with ID cards remaining the most frequently exploited for identity fraud (accounting for nearly 75% of all scams involving identity documents). So, what were the most affected industries in 2023? The answer is right here: 📍 Online media 📍 Professional services 📍 Healthcare 📍 Transportation 📍 Video games Since we all use at least some of these services, it’s better to stay ahead and understand how to prevent identity theft ➡️ https://sumsub.link/unn #fraud #idetitytheft #fakeID

A quick recap of the iGaming Fraud & Compliance Day webinar 🎥 📍Understanding emerging fraud schemes in iGaming 📍Navigating the Responsible Gambling compliance landscape in 2024 📍Safer gaming: How AI and machine learning can help 📍Building trust through transparency: The role of trust and safety in iGaming “Who will get the advantage in the iGaming industry, the baddies or the goodies? In the end, the goodies always win” We are very grateful for all participants and our amazing speakers! 👏 Kris G., Eleni Panagiotopoulou, Jose Paulista, Tony Petrov, Eric Weiss, Joseph Attard, Tom Taraniuk, Joseph F Borg, Pavel Goldman-Kalaydin, Maarten Haijer, Maria Georgieva, Van Hambardzumyan 👏 SOFTSWISS, Entain, IC360, WH Partners, SoftConstruct, and more. Thank you all — we hope to see you in our upcoming webinars 🙌 #igaming #webinar #AI #fraud #compliance #webinar

Hola amigos! 👋 The LATAM digital economy is booming across multiple industries, with a growing number of users joining every day. The region’s e-commerce market alone boasts over 300 million digital buyers, a figure expected to increase by more than 20% by 2027. However, with growth comes challenges. According to Sumsub's internal data, fraud in LATAM increased by 40% between 2022 and 2024. Implementing compliance practices in LATAM comes with its own set of challenges: 📍 High costs 📍 Mixing and matching vendors 📍 Low pass rates 📍 Inconsistent regulations We've prepared a guide in Spanish to help you navigate these challenges. Let's ensure everyone is verified ASAP! Check out our guide in Spanish here ➡️ https://sumsub.link/0sz #LATAM #Ecommerce #iGaming #FraudPrevention #Compliance

Sumsub is a G2 Leader in ALL 10 categories, from address verification to fraud detection, for Summer 2024 🏆 👏🏻 And more achievements to celebrate: • We've been auto-graded in 3 new categories: E-commerce, Web Security, and Risk, Governance, and Compliance. • We're listed across 90 G2 Summer 2024 Reports with 33 badges in 10 categories! A huge thanks to our fantastic team and clients for making this possible. #Sumsub #G2Leader

El Dorado 🤝 Sumsub El Dorado was looking for an alternative KYC solution on a pay-as-you-go model. Sumsub checked all the right boxes with its comprehensive identity verification, forgery detection, and fast results. ✅ El Dorado's mission is to be the gateway to financial freedom in Latin America, offering a user-centric, versatile, and comprehensive finance ecosystem. By integrating our advanced KYC/AML solutions, El Dorado has significantly improved verification efficiency and fraud prevention. Key outcomes of our partnership: 📍 Onboarding time reduced to 9 seconds 📍 The approval rate increased to 93% 📍 Increased fraud detection accuracy We support El Dorado's mission to provide secure and efficient financial services across Latin America. Read the full story here: https://sumsub.link/4as #Sumsub #ElDorado #FinTech #Compliance #Innovation #SuccessStory

We’re proud to be featured in the Financial Times latest piece on combating cyber crime! Special thanks for the mention, Lucy Colback 👩🏻💻 With technology evolving and powering threats such as deepfakes, payment fraud and social engineering, it's crucial that firms fight AI with AI and protect themselves, as well as end-users. 🔒 👉 Check out the full article here: https://lnkd.in/dqc8c29V #FraudPrevention #Deepfakes #AI

Data breaches happen due to weak protection, unreliable passwords, or accidentally storing data in open access that any hacker can easily reach. Don't create such opportunities. Save our simple but effective checklist to prevent your business from facing severe danger. An even more reliable step is to use Sumsub. Book a free demo here 🔗 https://lnkd.in/dPs44C2q #DataLeaks #compliance #safety

Big news for the Nigerian 🇳🇬 Fintech community! 🤝 We're excited to announce a strategic partnership with Fintech Association Of Nigeria. Our advanced identity verification and compliance solutions will help Nigerian FinTech companies streamline onboarding, meet regulatory requirements efficiently, and facilitate innovative financial solutions tailored to Nigerian consumers' and businesses' unique needs. In addition to offering cutting-edge solutions, Sumsub and FintechNGR will collaborate on various initiatives to foster knowledge sharing and collaboration within the Nigerian #fintech community. Stay tuned for new updates and announcements!

July 1999, Las Vegas, DefCon. It couldn't get any better than this.🐮 🥷 This evening in Las Vegas, filled with positive craziness, youthful energy, and freedom, will be the pinnacle of a hacker cult that changed the history of hacking, digital technology, and cybersecurity. That night, Cult of the #DeadCow members staged a performance at the DefCon #hacking conference to draw media attention to their new utility. BO2K, as the program is called, is kryptonite against Bill Gates' all-powerful corporation. And it will change the world of software. Watch our latest video about the Cult of the #DeadCow 🔗 https://lnkd.in/dnrCrz-U