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Comparison | Didit vs Sumsub: The Best Alternatives in KYC
Didit NewsDecember 2, 2024

Comparison | Didit vs Sumsub: The Best Alternatives in KYC

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#Identity

The digital transformation of regulatory compliance has sparked a silent revolution in identity verification processes. Organizations are no longer just seeking control tools, but intelligent ecosystems that optimize user experience and ensure business security.

In this new landscape, Sumsub emerges as one of the established players, but the demand for more agile, economical, and technologically disruptive solutions from obligated entities is completely redefining the identity verification and KYC market.

Notice: The information in this comparison (Didit vs Sumsub and the best alternatives in fraud prevention and KYC) comes from online research and various user comments on different platforms. This content was updated in the last quarter of 2024. If you believe there is an error or need to request a specific correction, please contact us.

Key Features of Sumsub: What Does It Offer in the Identity Verification Market?

Sumsub has built a multidimensional identity verification platform that integrates four strategic service lines: user verification, business analysis, transaction monitoring, and comprehensive regulatory compliance case management.

Its technological proposal is based on a digital identification solution that combines artificial intelligence, biometric analysis, and document verification to ensure maximum security in onboarding processes.

Strengths of SumsubWeaknesses of Sumsub
✅ Global coverage in more than 220 countries and territories✖ Complex and potentially slow verification processes
✅ Simultaneous verification of personal and business identity✖ High abandonment rate during identification
✅ Comprehensive solution for regulated sectors such as crypto and fintech✖ High costs for small and medium-sized businesses
✅ Unified dashboard for case management✖ Manual verifications that slow down onboarding

Where Didit Beats Sumsub: A Free and Quality Alternative

Didit represents the new generation of compliance tools, designed to unlock efficiency and accessibility in identity verification processes. Its free and unlimited KYC model breaks traditional paradigms, offering a truly disruptive solution.

Didit's value proposition is based on intelligent digital identity technology that simplifies and accelerates onboarding processes for companies of any sector and size.

Didit's competitive advantages are significant compared to Sumsub:

  • Completely free verification service: Didit offers a completely free identity verification service ($0.00 per KYC verification) and a fixed price of $0.30 per AML verification, with no monthly costs or long-term commitments. This model democratizes access to identity verification technology for businesses of any size.
  • Reusable digital identity (Didit ID): Imagine being able to use your verified identity as a digital passport. Users can reuse their ID in future processes, drastically reducing onboarding times.
  • Integrated multimodal verification: A combo of technology that includes document verification (with NFC technology to reduce fraud to zero), facial recognition, and optional AML Screening. The time? About 30 seconds per verification.
  • Comprehensive verification solution: With address verification, document monitoring, and prevention of expired documentation.
  • Real-time AML Screening: An extra layer of security that keeps you always one step ahead.
  • Highest security standards: ISO 27001 certification, to keep data secure.

Why Look for an Alternative to Sumsub: Didit, the Best KYC Solution in the Market

Digital identity verification has undergone an exponential transformation in recent years. From the first providers that conceived digital identity as a mere administrative procedure, we have transitioned to solutions that make identification as intuitive as unlocking a smartphone.

Sumsub represents the inherited verification model: costly processes, time-consuming verifications, and a user experience that can be frustrating. In contrast, modern organizations and users demand a new generation of tools: agility, maximum security, and absolute simplicity. Didit not only responds to but anticipates these needs.

The economic aspect is critical in selecting KYC providers. Traditional solutions operate with tariff structures that seem designed exclusively for corporations with multimillion-dollar budgets. Didit radically breaks this paradigm: it offers free verification, without fine print or hidden costs, democratizing access for both startups and large corporations.

Processing times represent another fundamental differentiating point. While Sumsub may require several minutes to complete an identity verification, Didit reduces that interval to less than 30 seconds. We're not talking about an incremental improvement, but a disruptive transformation in the onboarding experience.

Didit's true innovation lies in its reusable KYC system: a Didit ID that functions as a universal digital passport, allowing users to instantly verify themselves and reuse their identity across multiple platforms. This approach not only optimizes processes but also humanizes the digital experience.

In short, Didit emerges as the definitive alternative to Sumsub in the identity verification market. Beyond simple verification, we offer an experience that prioritizes efficiency, respects privacy, and adapts to the real needs of businesses and users.

Are you ready to revolutionize your identity verification processes?

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Comparison | Didit vs Sumsub: The Best Alternatives in KYC

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