The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    216.73.216.162

    Digital KYC Streamlines Customer On-boarding Process

    digital kyc compress streamlines

    Shufti brings forth digital KYC verification services to perform identity verification processes in order to bring the customers on-board. We understand that it is not only a hassle for your customer, but for you (our client) too.

    Why conventions need to change?

    Quick and secure identity verification service has rendered the traditional practices obsolete, where customers had to go through lengthy processes, fill out numerous forms, and wait in line for hours just to comply with the KYC requirements. The results of their verification would be processed over weeks, delaying the on-boarding process further. Customer on-boarding process is not only essential for financial institutions like banks, investment firms, insurance agencies, real-estate agencies, etc., but also for online businesses and merchants. The online businesses cannot afford to carry out such thorough documentation just to bring a customer on-board. They make use of knowledge-based verification, which is in no way enough information to verify the identity of a person. Those questions have highly predictable answers. Much higher complexity in security procedures would be required to keep the scammers out. They need a quicker, smarter and automated solution or else face the fraudsters.

    Moreover, many of the customers work full-time jobs, and the timings coincide with the working hours of the banks/firms. It is not possible for customers to take that long a leave from their work just to stand in lines for the submission of their KYC documents. Also, paper-based KYC uses up valuable resources that could be put to better use.

    What is the Optimal solution for change?

    The most optimal solution for change is to integrate a digital KYC solution that verifies the identity of a customer in real-time. Shufti is one of the best SaaS available as a fraud detection software. It allows for quick and real-time ID checks online, using artificial and human intelligence. Stats have shown that e-KYC reduces the customer on-boarding time by 90%. The process becomes much faster, efficient and accurate as the customer identity verification time reduces to 30 seconds. Now online businesses and financial institutions can verify the customers easily; the latter just have to show their face and identity documents to the camera and their identity would be verified. There would be no need to stand in line for hours and submit volumes of documents.

    Fast and accurate on-boarding process through digital identity verification will result in a seamless customer experience, reduced hassle for the customers as well as the online businesses/merchants and financial institutions.

    Recommended For You:

    Related Posts

    Blog

    How to Choose Between Document and Non-Document Verification: A Compliance Perspective

    How to Choose Between Document and Non-Document Verification: A Compliance Perspective

    Explore More

    Blog

    How to Mitigate Bias in KYC and AML: A Compliance Leader’s Guide

    How to Mitigate Bias in KYC and AML: A Compliance Leader’s Guide

    Explore More

    Blog

    AI-Powered KYC: The New Frontier for Financial Inclusion in Fintech

    AI-Powered KYC: The New Frontier for Financial Inclusion in Fintech

    Explore More

    Blog

    Stopping Man-in-the-Middle Attacks: How Advanced KYC Shields Digital Trust

    Stopping Man-in-the-Middle Attacks: How Advanced KYC Shields Digital Trust

    Explore More

    Blog

    How Does EU’s DORA Affect Fintechs Operating in Europe?

    How Does EU’s DORA Affect Fintechs Operating in Europe?

    Explore More

    Blog

    UK Age Verification Laws Enforceable July 2025: What You Need to Know and How Shufti Can Help

    UK Age Verification Laws Enforceable July 2025: What You Need to Know and How Shufti Can Help

    Explore More

    Blog

    The Deepfake Challenge: Strengthening Compliance in Remote Identity Verification

    The Deepfake Challenge: Strengthening Compliance in Remote Identity Verification

    Explore More

    Blog

    Proof of Address Verification in 2025: Complete Guide to Compliance, Risk & Shufti Insights

    Proof of Address Verification in 2025: Complete Guide to Compliance, Risk & Shufti Insights

    Explore More

    Blog

    How to Choose Between Document and Non-Document Verification: A Compliance Perspective

    How to Choose Between Document and Non-Document Verification: A Compliance Perspective

    Explore More

    Blog

    How to Mitigate Bias in KYC and AML: A Compliance Leader’s Guide

    How to Mitigate Bias in KYC and AML: A Compliance Leader’s Guide

    Explore More

    Blog

    AI-Powered KYC: The New Frontier for Financial Inclusion in Fintech

    AI-Powered KYC: The New Frontier for Financial Inclusion in Fintech

    Explore More

    Blog

    Stopping Man-in-the-Middle Attacks: How Advanced KYC Shields Digital Trust

    Stopping Man-in-the-Middle Attacks: How Advanced KYC Shields Digital Trust

    Explore More

    Blog

    How Does EU’s DORA Affect Fintechs Operating in Europe?

    How Does EU’s DORA Affect Fintechs Operating in Europe?

    Explore More

    Blog

    UK Age Verification Laws Enforceable July 2025: What You Need to Know and How Shufti Can Help

    UK Age Verification Laws Enforceable July 2025: What You Need to Know and How Shufti Can Help

    Explore More

    Blog

    The Deepfake Challenge: Strengthening Compliance in Remote Identity Verification

    The Deepfake Challenge: Strengthening Compliance in Remote Identity Verification

    Explore More

    Blog

    Proof of Address Verification in 2025: Complete Guide to Compliance, Risk & Shufti Insights

    Proof of Address Verification in 2025: Complete Guide to Compliance, Risk & Shufti Insights

    Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started