TRM LABS, Intelligence Blockchain solutions provider, has announced today with the Sumsub verification provider.
This new integration allows Sumsub users to take advantage of TRM’s risk intelligence to promote wallet addresses, rating transactions and real -time risk signals – all on a dashboard in Sumsub encryption solution.
According to Chainabuse data, the TRM LAB fraud platform, references to fraud on genetic artificial intelligence (Genai) between May 2024 and April 2025 increased by 456%, compared to the same period in 2023-24.
In addition, Sumsub data reveals an increase of 48% of fraud throughout the encryption industry in 2024, which now represents 2.2% of all Global Crypto platforms.
This increase underlines the evolving threats facing the sector and highlights the critical need for virtual asset service providers (VASPS) to adopt advanced blockchain analyzes, detection of behavioral fraud and continuous monitoring. The integration of Sumsub with TRM is crucial to providing real-time risk intelligence groups to detect risk signals early-allowing quick decision-making decisions and staying compatible.
Basic benefits from completion include:
- Early Risk Detection: Promoting Destination Wallet Addresss and Financial Crime Risk to involve high -risk withdrawal before the transactions are executed. Customer wallets to identify a possible high -risk exposure to illegal actors, dark markets or scams, such as influx to informing decisions on boarding.
- Advanced Risk Rating: Evaluate the risk based on exposure to Entity threats and profiles-TRM’s top performance to detect cryptography and other suspicious activity early.
- Single real-time risk monitoring: access to a single identity view and a chain risk-allowing faster data-based compliance decisions.
- Automated Compliance Workflows: Define the rules of custom notice that rationalize transactions and fraud prevention, reducing manual efforts and decreasing false positives.
- Users can seamlessly connect existing TRM subscriptions to the Sumsub platform through the Bengent model your own key (byok). This allows customers to use their own keys to manage and ensure their data, ensuring complete control of sensitive information while using Sumsub encryption monitoring.
“We are excited about working with TRM Labs, which enhances the encryption monitoring solution by providing advanced flexible flexible flexible, Ilya Brovin, head of Sumsub.” This collaboration reflects an important step in the maturity of the Sumsub platform, Blockchain. In Sumsub, we combine blockchain intelligence, identity verification and the detection of behavioral fraud within a single platform – developing customers that ensure every step of cryptographic journey. “
“As the illegal actors are evolving, our tools must be, so we are excited to work with Sumsub-combining TRM’s intelligence in real-time with their identity and behavioral fraud in a single view,” said Ari Redbord, TRM. “In a rapidly changing cryptographic landscape, this integration helps organisms to prevent fraud preventively, remain compatible and build confidence.”