Regtech Sumsub has announced the launch of their Risk Scoring solution—a risk assessment engine that transforms how businesses detect, measure, and mitigate financial crime risk across the customer lifecycle. The solution enables compliance and risk teams to make faster, more informed decisions while reducing manual workload. With Risk Scoring, Sumsub extends risk assessment across the customer lifecycle—from onboarding to “ongoing transaction monitoring.”
The solution allows businesses to tailor scoring to their risk models by defining and weighting factors such “as geography, transaction type, device, payment method, and user behavior.”
These elements are combined within a multi-factor matrix, where scores from all factors are “aggregated into a total risk score.”
Each factor is recalculated as user activity evolves, “ensuring that risk controls and compliance decisions remain current, contextual, and aligned with global regulatory standards.”
Internal data from Sumsub reveals that “76% of fraud occurs after onboarding, during user activities such as transactions, logins, and profile updates.”
In 2024, businesses lost an average of “$300,000 per fraud incident—underscoring the need for risk monitoring beyond identity verification.”
This urgency is said to be magnified by global regulations. The Financial Action Task Force’s (FATF) 2025 guidance and the European Commission’s latest AML package, which includes the “creation of the EU Anti-Money Laundering Authority (AMLA), both highlight the industry’s move toward a risk-based approach to strengthen global anti-money laundering standards.”
These developments are now said to be reshaping expectations for regulated and high-risk sectors such “as financial services, crypto, trading, and iGaming, where fraud tactics and transaction patterns demand adaptive risk assessment frameworks.”
Businesses are expected to evaluate, score, and act on risk at every interaction—something static, legacy tools struggle “to support in today’s fast-changing compliance environment.”
