Software Alternatives, Accelerators & Startups

Egnyte VS Sumsub

Compare Egnyte VS Sumsub and see what are their differences

Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Egnyte logo Egnyte

Enterprise File Sharing

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • Egnyte Landing page
    Landing page //
    2023-09-14
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

Egnyte features and specs

  • Robust Security
    Egnyte provides comprehensive security features including encryption, multifactor authentication, and detailed access controls to protect sensitive data.
  • Flexible Integration
    Egnyte integrates seamlessly with a wide range of third-party applications such as Microsoft 365, Google Workspace, and Salesforce, enhancing workflow efficiency.
  • Hybrid Deployment
    The platform offers both cloud and on-premise deployment options, giving businesses the flexibility to choose the most appropriate setup for their needs.
  • Granular Permissions
    Egnyte's detailed permission settings allow for precise control over who can access, edit, and share files, improving data governance.
  • User-Friendly Interface
    The platform is known for its intuitive user interface, making it easy for users to navigate and manage their files without extensive training.
  • File Versioning
    Egnyte includes robust file versioning capabilities, allowing users to keep track of changes and restore previous versions if necessary.

Possible disadvantages of Egnyte

  • Pricing
    Egnyte can be relatively expensive compared to some other file-sharing solutions, potentially being a significant investment for small businesses.
  • Initial Setup Complexity
    The initial setup can be complex, particularly for businesses that choose the hybrid deployment option, requiring thorough planning and careful implementation.
  • Limited Collaboration Features
    While Egnyte excels in storage and security, its real-time collaboration features are not as advanced as some competitors like Google Drive or Microsoft OneDrive.
  • Occasional Sync Issues
    Some users have reported occasional issues with file syncing, which can lead to temporary inconveniences and require manual intervention.
  • Learning Curve for Advanced Features
    Although the basic functions are user-friendly, more advanced features and integrations can have a steep learning curve and may require additional training.

Sumsub features and specs

  • Compliance with regulations
    Sumsub offers features to ensure businesses comply with KYC, KYB, and AML regulations, reducing the risk of legal issues.
  • User-friendly interface
    The platform is designed to be intuitive, making it easier for both businesses and users to navigate the verification process.
  • Automated verification
    Sumsub provides automated processes to quickly verify documents and identities, reducing manual workload and speeding up onboarding.
  • Global reach
    Supports document verification from over 220 countries and territories, making it suitable for businesses with an international user base.
  • Customization options
    Offers various customization features to tailor the verification process according to specific business needs and user flows.
  • Fraud prevention
    Advanced technology to detect fraudulent documents and identities, enhancing the security and integrity of the verification process.
  • Comprehensive Analytics
    Provides detailed analytics and monitoring tools to track the verification process and identify bottlenecks or issues.

Possible disadvantages of Sumsub

  • Cost
    The service can be expensive, which might be a barrier for smaller businesses or startups.
  • Complexity for smaller organizations
    The range of features and customization options may be overwhelming for smaller businesses that do not have dedicated compliance teams.
  • Integration challenges
    Some businesses may experience difficulties integrating Sumsub with their existing systems, especially if they have unique technical requirements.
  • Dependence on internet connection
    The service relies on a stable internet connection for real-time verification, which might be problematic in regions with poor connectivity.
  • User privacy concerns
    Users might have concerns about sharing sensitive personal information, such as identity documents, even though Sumsub follows strict security protocols.
  • Regional regulations
    Compliance features might not be entirely up-to-date with the latest regional regulatory changes in fast-evolving jurisdictions, requiring businesses to perform regular reviews.

Analysis of Egnyte

Overall verdict

  • Egnyte is considered a good choice for organizations seeking a secure and versatile cloud storage solution that integrates well with other enterprise applications and supports extensive data governance. It is especially favored by companies that need a blend of both cloud and on-premises storage solutions.

Why this product is good

  • Egnyte is a comprehensive cloud-based content collaboration and governance platform that combines file sharing, collaboration, and data protection. It's known for its robust security features, hybrid deployment options, and wide range of integrations with other business tools. It offers strong data governance capabilities, making it suitable for businesses with strict compliance needs. Users often appreciate its intuitive interface and the seamless way it handles large files.

Recommended for

  • Mid-sized to large enterprises
  • Teams requiring strong data security and compliance
  • Businesses needing hybrid cloud solutions
  • Organizations looking for extensive integrations with third-party applications
  • Companies managing large volumes of data and files

Egnyte videos

Egnyte File Sharing Demo

More videos:

  • Review - Egnyte vs Box: Enterprise Online File Storage and Syncing
  • Review - Power of Egnyte for Users

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to Egnyte and Sumsub)
Cloud Storage
100 100%
0% 0
Identity Verification And Protection
File Sharing
100 100%
0% 0
Identity Verification
0 0%
100% 100

User comments

Share your experience with using Egnyte and Sumsub. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare Egnyte and Sumsub

Egnyte Reviews

13 Best Free Dropbox Alternatives for File Sharing
The Egnyte service offers many different payment tiers and plans, and many users like that they do not have to commit to long contracts, but can pay monthly for service. Current rates for Egnyte are about twenty five dollars per month on average for unlimited storage space with the service. Smaller packages can be arranged for casual users, personal accounts and small...
Source: brainyhubs.com

Sumsub Reviews

  1. Vito A
    · Trader ·

    Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

The Top 10 KYC (Know Your Customer) Solutions
Sumsub is a user verification platform that is designed to provide an easy onboarding process for trusted users from any country. This helps to ensure regulatory compliance, while minimizing fraudulent activities. With a 30-second onboarding time, the platform offers customizable Know Your Customer (KYC) and Anti-Money Laundering (AML) processes tailored to meet unique...
Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

Social recommendations and mentions

Based on our record, Sumsub seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Egnyte mentions (0)

We have not tracked any mentions of Egnyte yet. Tracking of Egnyte recommendations started around Mar 2021.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: about 2 years ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 2 years ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 2 years ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 3 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 3 years ago
View more

What are some alternatives?

When comparing Egnyte and Sumsub, you can also consider the following products

Google Drive - Access and sync your files anywhere

Onfido - Onfido is the data-driven platform for intelligent background checking.

Box - Box offers secure content management and collaboration for individuals, teams and businesses, enabling secure file sharing and access to your files online.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

ShareFile - Secure file sharing and sync

Veriff - AI-powered identity verification & fraud prevention software Veriff provides a best- in-class identity verification solution combining AI with in-house experts to maximize accuracy and speed.