Sumsub Solidifies Fraud Prevention Leadership with Chartis Recognition

Event summary

  • Sumsub has been recognized as a Category Leader in the Chartis RiskTech Quadrant for Enterprise Fraud Solutions 2026.
  • This marks the third consecutive year Sumsub has received recognition from Chartis, including prior accolades for AML Transaction Monitoring and Application Fraud prevention.
  • The company reports a 180% increase in sophisticated, multi-step fraud attacks between 2024 and 2025.
  • Sumsub’s Fraud Prevention solution combines AI-powered anomaly detection, device intelligence, and behavior monitoring.

The big picture

Sumsub's recognition highlights the growing importance of specialized fraud prevention solutions in a rapidly evolving digital landscape. The 180% surge in sophisticated fraud attacks underscores the escalating costs and risks faced by enterprises, driving demand for advanced verification and monitoring capabilities. The company's identity-centric approach positions it well to serve institutions operating in high-risk, cross-border environments, but sustained leadership will require ongoing innovation and adaptation to emerging threats.

What we're watching

Competitive Landscape
The continued emergence of AI-driven fraud necessitates Sumsub to differentiate its offerings beyond identity verification, potentially leading to increased competition from broader security vendors.
Regulatory Scrutiny
As fraud complexity rises, regulators will likely increase scrutiny of verification and fraud prevention platforms, requiring Sumsub to maintain a proactive compliance posture.
Expansion Strategy
Sumsub’s focus on digital-first financial institutions and cross-border use cases suggests a strategic expansion; the success of this strategy will depend on navigating diverse regulatory environments and adapting to local fraud patterns.