Sumsub’s Anti-Cash Laundering (AML) Transaction Monitoring answer delivered a 272% return on funding (ROI) over three years.
The discovering comes from a Whole Financial Influence (TEI) examine carried out by Forrester Consulting and commissioned by Sumsub.
The examine assessed the outcomes for an organisation that had adopted the answer, based mostly on an interview with a decision-maker.
It discovered that the corporate achieved breakeven in below six months, recovering its preliminary funding rapidly whereas streamlining compliance processes.
Earlier than utilizing Sumsub’s platform, the organisation confronted operational inefficiencies, together with fragmented methods, heavy handbook work, and unstable spreadsheet-based instruments.
These points induced delays, made it troublesome to satisfy service degree agreements, and elevated the chance of human error.
By centralising AML monitoring and automating key workflows, the answer helped cut back alert volumes and enhance collaboration.
The examine discovered the organisation eradicated all time spent on handbook alert era, lower operational reporting time by 90%, and decreased case dealing with time by one-third.
Rule updates grew to become simpler to handle with out technical help, and audit preparation was additionally accomplished 90% quicker.
“Having spent the final decade working intently with compliance groups, we actually perceive the day-to-day challenges they face. Our information confirmed that 76% of fraud occurs after onboarding, which makes ongoing monitoring simply as necessary because the preliminary checks.
That’s why our AML Transaction Monitoring is designed to present compliance officers, threat managers, and analysts a transparent, unified view of operations—serving to them spot suspicious exercise quicker, make higher selections, and preserve monetary transactions safe as threats evolve. With over 4,000 firms trusting us, we’re proud to help companies in staying compliant and guarded each step of the way in which.”
stated Andrew Sever, Co-founder and CEO at Sumsub.
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by revengestudio through Freepik
