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10 Reasons Why Businesses Should Choose Shufti Pro

Richard Marley
June 08, 2021
6 minutes read
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Started in 2017, Shufti Pro Ltd. has attained a lot of success. Within three years, we have onboarded more than 500 customers, won awards for best services and products and above all, we have achieved a 92% customer satisfaction rate from Crozdesk. Not just this, Shufti Pro also bagged the Best Consumer Service award by best in Biz last year. After years of hard work, the company has managed to acquire more than 100% YoY growth. While bad actors have become strategically stronger in their ill activities, Shufti Pro has enhanced its identity verification solutions to combat all types of identity fraud in 2021 and beyond.

Still wondering why you should choose Shufti Pro? Don’t worry. We have summed up the top 10 reasons that make us the better choice for the corporate sector across the globe.

How to Choose the Right ID Verification Service Provider?

You can consider the following attributes to onboard the perfect identity verification service provider:

Global coverage
Real-time identity verification
Geolocation tracking
Globally compliant solution
Paperless process
Reliable and accurate results
Customised functionality
API and documentation availability

Top 10 Reasons to Choose Shufti Pro

There are tons of reasons that make Shufti Pro the most feasible option for your company’s KYC and AML compliance needs. Let’s discuss the top 10 reasons here.

1. Market-Leading Accuracy Rate

Identity verification is a crucial step in the customer onboarding process. The results must be reliable and highly accurate and Shufti Pro offers businesses a market-leading accuracy rate of 98.67%. With our competitive precision, fighting identity fraud is no longer a challenge for businesses.

2. Reliable Results Within Seconds

Not just competitive accuracy rate but all our solutions take less than 30 seconds. Be it the Anti-Money Laundering screening solution or our identity verification system, you get verified users in less than a minute. That’s not it. We are constantly working on decreasing the timeframe for verifications to milliseconds and increasing the accuracy rate to 100%. As our vision states,

“Our vision is to make IDV seamless and 100% accurate to fight multifaceted fraud. A future where fraud prevention is cost-effective, accessible to every big and small business and identity verification can be performed anywhere in the world in milliseconds.”

3. Omni-Channel Solutions

Shufti Pro offers multiple integration options to the merchants. This makes it more convenient for businesses of any nature to verify all the end-users. It doesn’t matter if your customer is using an iOS system or they are android fanatics.

View our integration options here.

4. Customer-Centric Identity Verification Solutions

Since the beginning, we have followed a customer-centric approach. Our solutions are designed to make the process seamless for the end-users. Shufti Pro’s UI is designed to make the process easy for your customers so that they can effortlessly get their identities verified and you can onboard legitimate people in the blink of an eye.

5. GDPR and PCI DSS Compliant Company

Apart from all the innovative features of our offerings, Shufti Pro is a GDPR and PCI DSS compliant company. We not only help our clients stay KYC and AML compliant, but we also ensure effective compliance with the data protection laws to keep sensitive data secure.

6. Flexible Pricing with Free Trial Option

All of Shufti Pro’s products and services are unique and you can experience the uniqueness with our 7-day free trial option. Furthermore, our pricing plans are flexible enough to meet the identity verification needs of every business. If you are a startup or an MNC, we have plans for everyone, irrespective of the company size.

7. Global Coverage and Enhanced Databases

Shufti Pro is a globally acclaimed company with clients across 230+ countries and territories. We offer services in more than 150 languages supporting 3000+ document types. We have access to databases of 160 countries to sustain the industry-leading accuracy rate. All the identity verification requests we receive are cross-matched against these databases to deliver the most accurate results in seconds.

8. Geolocation Tracking

As an additional layer of security, we also track the location of the end-users. This is how we detect fraud in real-time. If an imposter is trying to manipulate the system with spoof attacks or stolen identity, we can track the location and identify them as suspicious. Moreover, the geolocation data of end-users is provided in the back office for future audit and case building.

9. Automated Data Extraction

The trickiest part in an identity verification process is extracting data from government-issued ID documents. However, Shufti Pro has fully automated systems and our data extraction is done through AI-powered Optical Character Recognition (OCR). After successful extraction, the data is converted into a machine-readable language in no time.

10. Multiple Solutions for One Problem

The one major problem that every business has to face these days is the rapid increase in cybercrime, especially identity fraud. Shufti Pro offers multiple solutions to fight identity fraud in the most effective way possible. Be it synthetic identity fraud, account takeover fraud, new account fraud, replay attacks or any other type of ID fraud, we have a wide array of options that can fight any type of identity fraud in no time. Here are the solutions from us:

KYC
Facial Biometric Authentication
NFC Verification
Face Verification
Consent Verification
Address Verification
AML Screening Suite
Ongoing KYC
Age Verification
KYB (Corporate Verification)

To Sum Up…

Shufti Pro’s identity verification solutions have numerous attributes that help us stand out in the market. Industry-leading accuracy, fastest identity verification solutions, multiple options to fight ID fraud, omnichannel solutions, customer-centric services, automated data extraction, GDPR and PCI DSS compliant company, globally acclaimed products and services, simple processes, flexible pricing, customisation and so many more that you can choose for your customers by employing our identity verification services.

If you need further assistance on Shufti Pro’s offerings, get in touch with our experts.

Talk to Us

Disclaimer: No warranty is herein provided that the information contained in this document is accurate, up-to-date, and/or complete. In no circumstance(s), does such information constitute legal or any other advice. Any person who intends to use, rely, pass-on, or re-publish the information contained herein in any way is solely responsible for the same. We suggest to verify the information and/or obtain expert advice independently if required.

Latest News

News
UK Publishes First National Risk Assessment of Proliferation Financing
How to Choose the Right ID Verification Service Provider?
Top 10 Reasons to Choose Shufti Pro
To Sum Up…
The UK is at a high risk of proliferation financing for Korea and Iran, while UK financial institutions remain the main target.

The UK has published its first national risk assessment (NRA) of proliferation financing risks, following the collection of views and evidence from the government, private sector, and academic and research partners, highlighting the proliferation financing risks facing the UK.

The UK is one of the first jurisdictions to carry out such an assessment.

While the UK currently has robust practices in place for combating proliferation financing activities, malign actors involved in proliferation financing seek to exploit the UK’s stability in the global economy and international financial system. The act involves the use of funds for facilitating chemical, biological, radiological, and nuclear (CBRN) programmes which pose a threat to the UK’s national security objectives and threaten international peace.

The key findings of the proliferation financing NRA have been identified as the following:

The UK’s financial sector is at high risk from proliferation actors. The UK’s financial services industry, particularly the banking and insurance sectors, is especially at risk

The Democratic People’s Republic of Korea (DPRK) and Iran are the most significant proliferation financing actors at the state level

The private sector has limited awareness regarding proliferation financing compared to other risks, such as money laundering and terrorist financing

The notice issued by the UK government states that “a lack of awareness of proliferation financing in parts of the UK economy can lead to a lack of understanding of how certain industrial products, for example, may be manipulated for hostile use or for use in a CBRN programme”.

Despite the above-mentioned threats, the NRA highlights the robust counter-proliferation legal framework in place in the UK that protects the country from proliferation financing.

The UK’s autonomous financial sanctions regimes targeting CBRN proliferation, as well as other regulations in the UK, including UN sanctions regimes, export control regimes, and other tools available to the UK Government, limit opportunities for proliferating actors to exploit the UK to obtain financing for CBRN capabilities.

The full assessment can be viewed here.

Suggested Read: FATF Issues New Guidance on Mitigating Proliferation Financing Risk

10 Reasons Why Businesses Should Choose Shufti Pro

How to Choose the Right ID Verification Service Provider?