The Identity Verification Playbook: Why TELUS Digital and Sumsub Are Set to Profit from a Fraud-Fueled Future

In an era where cybercriminals are weaponizing AI to create deepfakes, synthetic identities, and phishing schemes, businesses are in a race against time to stay ahead of fraud. That’s why TELUS Digital and Sumsub just became the new kings of identity verification—and investors should take notice. This partnership isn’t just about tech; it’s about survival in a world where every transaction carries a risk of being hacked, faked, or stolen. Let’s dig into why this union could be a goldmine for shareholders.

The Fraud Tsunami: Why This Partnership Is a Lifesaver

The numbers are terrifying. Sumsub’s 2024 Identity Fraud Report revealed that 67% of global firms saw fraud incidents surge in the prior year, with average losses hitting $300,000 per event. Meanwhile, the Association of Certified Fraud Examiners (ACFE) found that large companies lose a median of $200,000 annually to internal fraud—a figure that’s climbing as remote work expands. Throw in new regulations like the UK’s 2024 APP fraud reimbursement rules, which force businesses to absorb losses from customer payment scams, and you’ve got a perfect storm. Companies can’t afford to lag in ID verification anymore.

This is where TELUS Digital and Sumsub step in. Their partnership, announced in 2025, isn’t incremental—it’s a full-stack solution for industries like banking, telecom, and insurance, which are ground zero for fraud.

The Tech That’s Outsmarting the Hackers

Let’s break down what they’re selling:
1. Real-Time Verification: Sumsub’s platform uses AI to analyze documents, detect forged IDs, and even spot “liveness” in face-matching tests to foil deepfake videos.
2. Global Compliance Automation: With APIs that integrate seamlessly into existing systems, clients can automatically check against watchlists, sanctions databases, and AML rules—critical for avoiding fines.
3. Employee Safety Net: From onboarding to logins, the tools flag risky behaviors like IP address mismatches or suspicious email domains, tackling insider threats.

The TELUS Digital Fuel iX™ platform ties it all together, adding AI-driven automation and cloud scalability. This isn’t just about stopping fraud—it’s about slashing costs. Faster onboarding means more customers, fewer compliance penalties, and reduced losses from scams.

The Numbers Don’t Lie: This Is a Growth Engine

The demand for identity verification tech isn’t a fad. The market is projected to explode from $11.97 billion in 2024 to $39.82 billion by 2032, fueled by AI-driven fraud and stricter regulations. TELUS Digital’s "Safety in numbers" report (2025) found that 68% of large enterprises are prioritizing ID verification investments—driven by compliance and the sheer cost of fraud.

But here’s the kicker: 79% of businesses now see trust-and-safety systems as essential to customer satisfaction. In a world where a single data breach can tank a brand’s reputation, this partnership isn’t optional—it’s existential.

Why Investors Should Bet on This Duo

1. TELUS Digital’s Scale: With 78,000 global team members and a reputation for enterprise-grade solutions, TELUS isn’t a startup—it’s a trusted partner for Fortune 500 companies.
2. Sumsub’s AI Edge: Their platform handles full-cycle verification, from KYC to anti-money laundering, in over 200 countries. That’s a moat against rivals.
3. Regulatory Tailwinds: From GDPR to Canada’s Pan-Canadian Trust Framework, governments are mandating stronger digital identity systems. TELUS and Sumsub are already compliant.

The Bottom Line: This Is a Play for the Future

The math is clear. Fraud is a $300 billion global problem, and TELUS Digital + Sumsub are arming companies to fight it. With 68% of large enterprises doubling down on verification tech, this partnership isn’t just a niche play—it’s a slice of a booming industry.

Investors should watch for TELUS’s stock to climb as this partnership scales. Pair that with Sumsub’s (likely) IPO plans down the line, and you’ve got a two-pronged growth story.

In Jim Cramer’s words: “This isn’t a ‘maybe.’ It’s a ‘must.’ In a world where every click is a risk, TELUS and Sumsub are the gatekeepers. Buy in before the rest of Wall Street catches on.”

Final Take:

The identity verification market is no longer a niche—it’s a necessity. With TELUS’s enterprise reach, Sumsub’s AI prowess, and regulations demanding action, this partnership is a can’t-miss bet. The fraud wave is here, and those who master it will ride the next decade’s tech tsunami.