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Sumsub VS Lastpass

Compare Sumsub VS Lastpass and see what are their differences

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. featured
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Sumsub logo Sumsub

One verification platform to secure the whole user journey

Lastpass logo Lastpass

LastPass is an online password manager and form filler that makes web browsing easier and more secure.
  • 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).

  • Lastpass Landing page
    Landing page //
    2022-01-05

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.

Lastpass features and specs

  • Security
    LastPass uses strong encryption algorithms (AES-256 bit) and offers multi-factor authentication to ensure your data is secure.
  • Convenience
    It automatically fills in login details for websites and apps, which saves time and reduces the need for manual entry.
  • Cross-Platform Support
    Available on multiple platforms including browsers, mobile devices, and desktops, allowing you to sync passwords across all your devices.
  • Password Generator
    Offers a built-in password generator to create strong, unique passwords for each of your accounts.
  • Sharing Features
    Enables you to securely share passwords and notes with others, which is useful for team collaboration.
  • Vault Audit
    Provides security checks and audit reports to help you identify weak, reused, or compromised passwords.

Possible disadvantages of Lastpass

  • Cost
    The premium version requires a subscription fee, which may be a drawback for some users compared to free alternatives.
  • Occasional Bugs
    Users have reported occasional bugs and performance issues, particularly with browser extensions.
  • Data Breaches
    LastPass has experienced data breaches in the past, which may concern users about the overall security of their data.
  • Complexity
    The multitude of features may be overwhelming for new users or those looking for a simple password manager.
  • Customer Support
    Some users report that customer support can be slow or unhelpful in resolving issues.
  • Privacy Concerns
    Privacy-minded individuals might be concerned about storing all passwords in one place, despite the strong encryption methods.

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

Lastpass videos

+ Add

LastPass Password Manager Review

More videos:

  • Review - LastPass Review - Most Honest Review? Which Tier is It?
  • Review - How LastPass Works - Keeping your Passwords Safe in 2018! | The Tech Chap

Category Popularity

0-100% (relative to Sumsub and Lastpass)

Sumsub

Lastpass

Identity Verification And Protection
100 100%
Identity Verification And Protection
0% 0
Password Management
0 0%
Password Management
100% 100
Identity Verification
100 100%
Identity Verification
0% 0
Security & Privacy
10 10%
Security & Privacy
90% 90

User comments

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Reviews

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

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...
Source: expertinsights.com
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.
Source: www.techtimes.com

Lastpass Reviews

Top 6 Google Authenticator Alternatives in 2023
With LastPass, users create a master password as the key to their encrypted password vault. Users can securely store login credentials for websites, applications and other online services within this vault. The master password is the only one users need to remember, eliminating the use of weak or repeated passwords. LastPass also provides the convenience of auto-filling...
Source: www.techrepublic.com
5 Best Password Managers for Teams (2024)
LastPass has faced criticism for its complexity, potentially hindering user adoption. Sharing passwords can be done through email or shared folders, requiring recipients to have a LastPass account.
Source: teampassword.com
iCloud Keychain vs LastPass Comparison
Like iCloud Keychain, LastPass suggests strong passwords, stores them (along with all sorts of other data and credentials), and autofills them. However, LastPass’s vault is more focused on keeping credentials organized, as it automatically divides them according to which category they belong to, such as social media, streaming, shopping, and others. Users can also look for...
Source: password-managers.bestreviews.net
Top 10 Best Password Managers [NEW 2023 Rankings]
LastPass is an easy-to-use password management tool. You just have to save a password and you will always get it at the right time. Logging in will be easier and faster. It can simplify online shipping by filling all the payment and shipping details. Once the password is saved, LastPass will be available on all your devices.
Source: www.softwaretestinghelp.com
7 Best SSO Tools for 2023
LastPass SSO is an add-on to LastPass Business, ranging from $3.00 to $8.00 per user each year. When compared to similar products, that is a bit on the higher side; however, the unlimited free trial version will give you a feel if LastPass SSO is a good fit or not.
Source: www.comparitech.com

Social recommendations and mentions

Based on our record, Lastpass should be more popular than Sumsub. It has been mentiond 22 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.

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

Lastpass mentions (22)

  • How To Manage Secrets In Terraform Like A Pro
    Now if you decide to use environmental variables, you must have a strategy for storing and managing your secrets. The most popular way of doing this is by using password managers. Password managers like LastPass or 1pass are efficient ways of storing and managing your secrets. - Source: dev.to / about 2 years ago
  • Best password manager for Windows, MacOS, and iOS today?
    I did. I could not find anything in the browser add-on or in the app. However, after logging into lastpass.com, I am able to select Advanced settings on the left panel and choose Export. Source: over 2 years ago
  • RMS: Don't encourage people to use Melpa, ELPA does not cooperate with us
    Melpa does contain helm-lastpass which encourages or interacts with lastpass.com through lastpass-cli (GPLv2), lastpass is a non-free cloud platform. Source: over 2 years ago
  • Great password manager with a one-time payment?
    Lastpass, just bad UX and bad reputation around security, subscription only. Source: over 2 years ago
  • 365 Defender alert for "Password reuse activity" - anyone familiar?
    I can kind of understand what it may have detected on when it compares teams.microsoft.com and portal.azure.com - yeah, you caught me using my Single Sign On password on two separate domains. For shame, right? Same for lastpass.com as well since we're fully federated. Source: over 2 years ago
View more

What are some alternatives?

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

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

1Password - 1Password can create strong, unique passwords for you, remember them, and restore them, all directly in your web browser.

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.

KeePass - KeePass is an open source password manager. Passwords can be stored in highly-encrypted databases, which can be unlocked with one master password or key file.

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.

bitwarden - Bitwarden is a free and open source password management solution for individuals, teams, and business organizations.

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