Flagright vs Sumsub

by Gralio Feb 12, 2025

Flagright and Sumsub offer distinct AML and compliance solutions. Flagright excels in real-time transaction monitoring and forensic analysis, while Sumsub focuses on streamlined identity verification and KYC/AML procedures. Choose Flagright for comprehensive AML investigations and Sumsub for efficient user onboarding.

At Gralio.ai we help to simplify your decision-making process by offering detailed, side-by-side software comparisons like this one, to help you confidently choose the tool that aligns with your business goals.

This comparison was created by analysing 141 reviews and 60 websites, saving 1 hour, 17 minutes of reading.

Flagright

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Sumsub

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About

Flagright is an anti-money laundering software that helps businesses follow financial regulations. It uses AI to monitor transactions, assess customer risk, and screen for potential criminal activity, all in real-time. Its user-friendly platform helps businesses detect fraud faster and with greater accuracy, reducing manual work and improving compliance. Flagright is designed for various financial businesses like banks, fintechs, and online merchants.

Sumsub is a platform that helps businesses verify the identities of their customers online. It offers a suite of customizable tools that can be used to verify individuals and businesses, as well as monitor transactions for fraud. Sumsub aims to help companies onboard legitimate users faster, comply with regulations, and prevent fraud. Its features include document verification, facial recognition, and watchlist screening. Sumsub is suited for mid-sized and larger companies in industries like fintech, gaming, and cryptocurrency where security and compliance are critical.

Summary

Main difference

Flagright is tailored for transaction monitoring and forensic analysis, catering to fintechs needing in-depth AML capabilities. Sumsub focuses on identity verification and KYC/AML compliance, making it suitable for businesses needing quick and efficient user onboarding.

Relative strengths of Flagright (compared to Sumsub)

Stronger transaction monitoring and automated case management.
AI-powered forensics for efficient investigations.
Real-time transaction monitoring capabilities.

Relative weaknesses of Flagright (compared to Sumsub)

Less focus on fast onboarding and identity verification.
Limited user reviews compared to Sumsub.
Pricing details are less transparent than Sumsub's.

Who should use Flagright VS. Sumsub

Flagright's AI-powered anti-money laundering software helps fintech companies, neobanks, and online merchants in their early stages or experiencing rapid growth. It automates customer risk assessment, monitors transactions in real-time, and streamlines compliance processes. This allows businesses to detect fraud faster and with greater accuracy while minimizing manual work.

Sumsub offers a suite of identity verification tools to help businesses onboard legitimate users faster while complying with regulations and preventing fraud. Users praise Sumsub's intuitive interface and fast verification speeds, averaging 35 seconds in high-risk markets. However, some users have reported high false-positive rates with address documents and occasional inaccuracies in document acceptance. Sumsub offers flexible KYC/AML procedures, including document verification, facial recognition, and watchlist screening.

Best for small to medium-sized businesses, particularly fintech companies, neobanks, and online merchants.
Ideal for companies in the financial sector dealing with transactions and regulatory compliance.

Best for mid-sized and larger businesses needing robust identity verification.
Ideal for fintech, gaming, and cryptocurrency companies where security and compliance are paramount.

Flagright and Sumsub features

Supported

Partially supported

Not supported

Type in the name of the feature or in your own words tell us what you need

KYC/AML procedures

Supported

Flagright implements KYC and AML procedures, including identity verification and transaction monitoring.

Supported

Sumsub supports KYC and AML procedures, including identity verification, transaction monitoring, and regulatory reporting.
Automated case management

Supported

Flagright offers automated case management to streamline investigations and enhance team collaboration.

Supported

Sumsub offers automated case management with features for streamlining investigations, improving efficiency, and team collaboration.
AI-powered forensics

Supported

Flagright uses AI to automate investigations and generate narratives, reducing manual effort.

Not supported

Sumsub uses AI for fraud detection, but not specifically for forensic investigations.
Decision testing and simulation

Not supported

Decision testing and simulation is not mentioned in the documentation.

Partially supported

Sumsub offers testing in a dry-run mode for transaction monitoring rules, but not general decision testing.
Fast verification times

Supported

Flagright supports fast verification times for user data, as indicated by its emphasis on real-time transaction monitoring, rapid API integration, and infrastructure optimized for speed.

Supported

Sumsub boasts fast verification times, averaging 35 seconds in high-risk markets.
KYC checks

Supported

Flagright supports KYC checks, including identity verification and document authentication.

Supported

Sumsub provides KYC checks, including identity verification and document authentication.

Qualities

Value and Pricing Transparency

No data

+0

Neutral sentiment
Customer Service

No data

+0.21

Neutral sentiment
Ease of Use

No data

+0.63

Rather positive sentiment
Reliability and Performance

No data

-0.02

Neutral sentiment
Ease of Implementation

No data

+0.13

Neutral sentiment
Scalability

No data

No data

Flagright and Sumsub Pricing

No data

We couldn't find a pricing page for Flagright.

Sumsub offers a usage-based pricing model with a monthly minimum commitment fee for the Basic and Compliance plans. The Enterprise plan has custom pricing. A free trial with 50 free checks is available.

Plans

See full Pricing page

Flagright and Sumsub review insights

101 reviews analysed from

Users love

No data

Intuitive and user-friendly interface (UI/UX).
Fast document verification speed.
Flexible error message customization.
Strong technical support and documentation.
Easy integration with platforms like Bybit and HoppyGo.

Users dislike

No data

High false-positive rates, around 10% for address documents, potentially due to misconfiguration.
Reporting features need improvement.
Occasional inaccuracies in document acceptance.
Some information is missing from CSV exports.
API documentation requires improvement, particularly for document reactivation.

Flagright and Sumsub Ratings

G2

4.9/5

(20)

G2

4.6/5

(98)
TrustPilot

2.6/5

(40)
Glassdoor

4.3/5

(12)

Company health

Employee growth

4% increase in the last year

52% increase in the last year

Web traffic

45% decrease in the last quarter

18% increase in the last quarter

Financing

March 2022 - $3M

September 2022 - $38M

How do Flagright's real-time monitoring capabilities compare to Sumsub's verification speed?

Flagright focuses on real-time transaction monitoring to identify and prevent fraud as it occurs, while Sumsub emphasizes fast verification speeds, averaging 35 seconds in high-risk markets, during the customer onboarding process. While both relate to speed and security, Flagright's real-time monitoring is about ongoing transaction analysis, and Sumsub's speed refers to the initial identity verification process.

Which product offers better integration for smaller fintech startups, Flagright or Sumsub?

Flagright is better suited for smaller fintech startups. While both offer KYC/AML solutions, Flagright specifically targets early-stage fintechs and offers features tailored to their needs. Sumsub, while having robust identity verification, targets mid-sized and larger businesses, potentially making it less agile and more expensive for a smaller startup. Furthermore, Sumsub's user reviews mention higher false positives, a potential issue for a startup dealing with lower volumes and needing a smoother onboarding process.

What are the advantages of Flagright?

Flagright focuses on real-time transaction monitoring and AI-powered fraud detection, making it potentially more suitable for businesses needing immediate fraud prevention. It also offers automated case management and customer risk assessment, which can streamline compliance workflows.

What are the disadvantages of Flagright?

Flagright's user interface, while intended to be user-friendly, has been reported as complex by some users, potentially requiring additional guidance. It lacks transparency regarding pricing details and doesn't offer information about customer service quality, ease of use, reliability, implementation, or scalability. Furthermore, there's no available data on its suitability for specific industries.

Alternatives to Flagright and Sumsub

ComplyAdvantage

ComplyAdvantage is a software solution that helps businesses manage financial crime risks. It offers a range of tools for tasks like screening customers and transactions for fraud and money laundering. Using AI, it provides risk data and insights to support compliance. This helps businesses streamline compliance processes, reduce false positives, and make more informed decisions about financial crime risk. ComplyAdvantage is suitable for businesses of all sizes in various industries, from banking to crypto.

JumpCloud

JumpCloud is a comprehensive platform designed to simplify IT for mid-sized companies. It allows you to manage users, devices, and access to company systems and applications all in one place. This includes features like single sign-on, password management, and remote device management. JumpCloud focuses on providing a secure and streamlined IT experience, helping your employees work efficiently from anywhere while keeping your company data safe.

iDenfy

iDenfy is an identity verification platform designed to help businesses comply with regulations and prevent fraud. It verifies customer identities using AI and biometric technology, offering both automated and manual checks. The platform caters to various industries, including fintech, cryptocurrency, and online gambling, providing solutions like KYC, KYB, and AML compliance checks. iDenfy emphasizes cost savings by charging only for successful verifications and claims to reduce onboarding costs by up to 70%.

AMLcheck

AMLcheck is an anti-money laundering software that helps businesses comply with regulations designed to prevent financial crime. It identifies potential risks during onboarding, assesses client profiles for suspicious activity, and monitors transactions for unusual patterns. AMLcheck is designed for various regulated industries, including finance, real estate, and gambling. It helps companies detect and prevent money laundering activities to avoid legal repercussions.

Data Zoo

Data Zoo is a global identity verification platform that helps businesses onboard customers quickly and securely. Its services help automate and streamline the process of verifying customer identities, complying with anti-money laundering regulations, and preventing fraud. Data Zoo offers a range of customizable tools, including document verification, data verification, and fraud detection. The company prioritizes privacy and security, adhering to industry standards and regulations. Data Zoo is suitable for businesses of all sizes looking to improve customer onboarding and enhance security measures.

Sift

Sift is a fraud detection and prevention software that uses artificial intelligence to help businesses protect themselves from online fraud. It analyzes huge amounts of data to identify and block fraudulent transactions, account takeovers, and other risky activities. Sift is designed for companies of all sizes and is used by businesses in various industries, particularly in e-commerce and online marketplaces. Sift's strength lies in its sophisticated AI and machine learning technology, which helps businesses reduce fraud losses, improve accuracy in identifying fraudulent activity, and streamline their fraud prevention operations.

Page co-authored by

Michal Kaczor

CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

Tymon Terlikiewicz

CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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