Picked a KYC vendor twice in three years, the questions I ask now are completely different from the first time
First time I picked KYC I checked SOC 2, asked sales about the API, shipped it. In hindsight that was insane but it felt thorough at the time.
Second round was different. Where does the document recognition tech come from, in-house or licensed. Where does engineering sit now and five years ago. Who owns the company and in what jurisdiction.
The Sumsub coverage this month is basically a live case study for why those questions matter. Russian-born founders, Russian OCR in the stack until 2021, Cyprus holding company, currently verifying voters in the Belarusian opposition election. Each piece has an explanation, the stack of them is what makes compliance nervous.
Shortlist that survived was Persona smoothest to integrate, Onfido the safe middle, Au10tix strongest on supply chain and jurisdiction.