Sumsub Transaction Monitoring Whitepaper

Transaction
Monitoring
with Sumsub
02
The challenge
Businesses worldwide continue to go digital, leading to a staggering
increase in online transactions, and fraudsters are taking notice.
Coupled with the advent of advanced and easily accessible
spoofing technology, performing financial fraud with fake
documents is becoming a fearsome threat.
Meanwhile, regulated companies are required to prevent money
laundering and terrorist financing by worldwide Anti-Money
Laundering (AML) regulations, such as the EU’s Directive 2015/849.
This means monitoring transactions, meeting customer due
diligence requirements, performing client identification, and
reporting suspicious activity with well-structured report forms.
On top of that, the complexity of transaction data makes it nearly
impossible to keep track of crucial information without a single
solution. All team members, including anti-fraud, risk, compliance,
and product management, require a unified tool to support their
work. Verification vendors must also provide an excellent user
experience that does not disrupt a business's clients.

The solution 03
Sumsub is one solution that secures every step of the user journey.
With AI-based technology and a rule-based approach, every
available data point from both internal and external data sources  
is taken into account. That way, advanced fraud patterns can be
detected automatically, and the case management framework  
is streamlined between departments.
Sumsub monitors transactions in real-time and post-transaction

with two solutions.
AML monitoring detects suspicious activity at later stages of the

customer’s lifecycle, which often occurs a month after onboarding.
Anti-fraud transaction monitoring analyzes suspicious patterns in

real-time as transactions are about to occur and stops fraud in its
tracks before damage can be done.
Fraud Prevention and Compliance Engine
Onboarding orchestration Ongoing Monitoring
Sign up User Verification AML screening Login Fraud Prevention Transactions
Email ID Verification PEP + Sanctions Device Device Intelligence AML Transaction

Verification Intelligence
Liveness & Face match Adverse Media Behaviour Fraud Bank Account
Phone Behavior Fraud Detection Verification
Verification Detection
Address Verification
Face Travel Rule
Device Face Authentification
Live Agent Video Call
Intelligence Authentification
Fraud Transaction
Monitoring
Doc-free verification
MFA
Behavioral Fraud
Public Digital Identity
Detection
Systems
QES/eIDAS
NFC
Known Face Search
Blocklist Check
Duplicate Check
Sumsub transaction monitoring  04
includes:
One platform for the whole user lifecycle

User, business, and transaction profiles are
consolidated in one flow. Onboarding data of
any kind can be used as a trigger for transaction
monitoring rules, on top of external data
available via APIs.
AI-powered suspicious pattern detection

Sumsub’s AI actively trains pattern analysis to
detect illicit activity outside of standard screening
parameters. That way, it’s possible to uncover
criminal groups performing fraud and money
laundering despite their best efforts to conceal it.
Rule system with no limit to the complexity

Preset rules for any use case are available, from
responsible gambling to bank security. Unique
rules based on custom data sources can be set
up and tested in dry-run mode on historical and
live data before updating the current model.
Customization & fast integration

Sumsub’s solution architects will build and
customize the rules for you based on your
requirements. Adjustments can be made
manually as well, thanks to the no-code visual
interface and 24/7 support line in case
questions arise.
Sumsub transaction monitoring  05
includes:
Increased team productivity

Easier case management, collaboration
between departments, transparent KPIs and
analysis, and one flow for all types of checks
to help you maximize efficiency and case

processing speed.
Real-time screening
The main anti-fraud barrier of transaction
monitoring. Sumsub can process any number  
of transactions in seconds, ensuring the
smooth operation of verification procedures  
for any business, at any given time.
Post-event transaction monitoring

Passive screening of transactions that don’t
raise an immediate concern. Completed
payments are compared against money
laundering typologies to uncover suspicious
patterns.
Travel rule for crypto

It’s mandatory to monitor crypto transactions.
With Sumsub, you can easily adhere to the
crypto Travel Rule and ensure full compliance.
Travel rule monitoring is an integral part of
Sumsub’s transaction monitoring solution.
Safeguard your
business from
transaction fraud
with Sumsub
Get a free demo

Sumsub Transaction Monitoring Whitepaper

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Transaction

Businesses worldwide continue to go digital, leading to a staggering

increase in online transactions, and fraudsters are taking notice.

Coupled with the advent of advanced and easily accessible

spoofing technology, performing financial fraud with fake

documents is becoming a fearsome threat.

Meanwhile, regulated companies are required to prevent money

laundering and terrorist financing by worldwide Anti-Money

Laundering (AML) regulations, such as the EU’s Directive 2015/849.

This means monitoring transactions, meeting customer due

diligence requirements, performing client identification, and

reporting suspicious activity with well-structured report forms.

On top of that, the complexity of transaction data makes it nearly

impossible to keep track of crucial information without a single

solution. All team members, including anti-fraud, risk, compliance,

and product management, require a unified tool to support their

work. Verification vendors must also provide an excellent user

experience that does not disrupt a business's clients.

Sumsub monitors transactions in real-time and post-transaction

AML monitoring detects suspicious activity at later stages of the

Anti-fraud transaction monitoring analyzes suspicious patterns in

Fraud Prevention and Compliance Engine

Onboarding orchestration Ongoing Monitoring

Sign up User Verification AML screening Login Fraud Prevention Transactions

Email ID Verification PEP + Sanctions Device Device Intelligence AML Transaction

Known Face Search

One platform for the whole user lifecycle

AI-powered suspicious pattern detection

Rule system with no limit to the complexity

Customization & fast integration

Increased team productivity

to help you maximize efficiency and case

Post-event transaction monitoring

Travel rule for crypto

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