WASHINGTON, D.C. – The Financial Technology Association (FTA) today welcomes Sumsub, a global identity verification and anti-fraud platform, as the newest member of the association.
Founded in 2015, Sumsub has grown into a full-cycle verification and compliance platform, verifying more than 1 million people per day across fintech, crypto, payments, and other sectors. The company’s platform covers Know Your Customer (KYC), Know Your Business (KYB), anti-money laundering (AML), transaction monitoring, and fraud prevention, helping companies onboard customers efficiently while meeting regulatory requirements. Today, Sumsub is trusted by more than 4,000 companies worldwide for their identity verification needs.
“Fintech innovators like Sumsub show what’s possible when we harness technology to fight fraud, protect financial transactions, and ensure high levels of compliance,” said Penny Lee, President and CEO of the Financial Technology Association. “We are delighted to welcome SumSub to our community and look forward to working together.”
“We are pleased to join FTA’s membership of leading fintech companies working to shape the future of finance,” said Kat Cloud, Head of Government Relations at Sumsub. “We look forward to collaborating with like-minded peers on shared policy priorities like combating fraud, strengthening our financial system, and helping more people navigate the digital financial economy with confidence.”
Sumsub joins FTA’s membership of digitally native firms spanning payments, lending, banking, investing, and financial infrastructure. As fraud grows more sophisticated, FTA advocates for modern regulatory frameworks, improved data sharing, and stronger public-private collaboration. The association also runs Smarter than Scams, an annual consumer education campaign to help people recognize and avoid common payment scams.
To learn more, explore FTA’s work on financial crimes, compliance, and fraud prevention.
About FTA
The Financial Technology Association (FTA) is a network of fintech industry leaders shaping the future of finance. We champion financial innovation and advocate for policies that expand competition, access, and opportunity. Learn more at FTAssociation.org.
About Sumsub
Sumsub is a full-cycle verification platform that secures the entire user journey. With customizable KYC, KYB, Transaction Monitoring, and Fraud Prevention solutions, Sumsub helps businesses orchestrate their verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect against fraud. Sumsub serves over 4,000 clients across fintech, crypto, transportation, trading, e-commerce, education, and gaming — including Bitpanda, Wirex, Bybit, Vodafone, Duolingo, and Kaizen Gaming. Sumsub has been named a Leader in the 2025 Gartner® Magic Quadrant™ for Identity Verification and the IDC MarketScape for Worldwide Identity Verification in Financial Services 2025. Learn more at sumsub.com.