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

    Keeping AI Bias Out of the IDV Game with Shufti

    Consider this: 85% of financial institutions today use some form of AI in their products. The technology is being utilized by institutions such as banks, insurance firms, and stock exchanges worldwide due to its unique ability to learn patterns and make informed decisions over time. However, the ability of AI-powered software can be affected due to demographic traits such as race, gender, socioeconomic factors, and even the quality of a smart device.

    Digital identity verification solutions leverage machine learning and AI technology to verify customers online. Unfortunately, AI models are highly susceptible to bias, which can alter the end results. Shufti’s identity verification solutions synergize artificial and human intelligence, making each process/verification accurate, swift, and free from built-in bias.

    How Does Shufti Avoid Bias in its AI Algorithms? 

    Shufti’s enhanced AI models are designed keeping in mind the consequences of inaccurate identity verification. In order to avoid legal repercussions and a negative brand image, companies can opt for our IDV suite. Here’s how we ensure our products are kept bias-free.

    1. Collection of Representative Data

    Identity verification solutions use AI training datasets to detect patterns, learn over time, and make accurate predictions. For an IDV system to be highly effective, data representative of the communities must be used. This allows the software to collect and organize data without excluding any certain group. When the model is set to work with real-world applications, the learnt data and recognized patterns are then used for coming to a conclusion. Thus, larger the data set, better the results.

    Additionally, Shufti verifies 3000+ ID types, ranging from passports and government-issued ID cards to driving licences, utility bills, and more. These documents are present in 150+ languages from 230+ countries and territories, enabling businesses to make informed decisions based on a large dataset. 

    2. Real-world Data

    Shufti’s identity verification suite collects data from the real world instead of relying on purchased datasets or the data available online. This is because the quality of the images and documents captured with a camera in different lighting conditions varies from the quality of data collected in real time. 

    Download Report: Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

    AI models that are built on faulty images with blurred or glared sections provide unreliable results and have a higher likelihood of containing bias. To make Shufti’s ID verification solutions more robust, AI algorithms are based on real-world verification data instead of predefined datasets. This allows businesses to identify and take down fraudulent IDs and mitigate identity fraud. The models continue to improve with every verification, since they learn from different forms of real data.  

    3. Hybrid Business Model 

    Shufti intelligently addresses AI bias by adopting a hybrid model approach. This means that once AI algorithms are fed with real-world data to make precise and credible predictions, each verification result is manually cross-checked by human experts. This leaves no room for error, as continuous human audits refine AI models. 

    Headquartered in the UK and with offices spread across five countries, human experts at Shufti are of different nationalities, ethnicities, gender, and professional backgrounds. The diversity allows us to view issues from a different perspective to avoid targeting any specific group through AI bias.

    Final Thoughts

    The global scale of our operations allows us to enhance datasets, enabling businesses to verify identities with an accuracy rate of 98.67%. By using representative samples to train AI algorithms, cross-matching each verification result through human experts, accepting ID documents from 230+ countries and territories through real-world data, Shufti is successfully keeping AI bias out of the IDV game. 

    Related Posts

    Blog

    Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution

    The transport industry is on the verge of significant disruption, with new emerging technologies,...

    Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution Explore More

    Blog, Online Marketplace

    Why Millennials don’t care about Conventional Banking Services?

    Millennials are different from the baby boomer generation. They earn less than what the previous ...

    Why Millennials don’t care about Conventional Banking Services? Explore More

    Blog

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti

    The regulatory landscape is changing with time and a number of questions are arising. AML complia...

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti Explore More

    Blog

    Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks?

    The eCommerce industry continues to grow rapidly, so are fraudulent activities. According to Stat...

    Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks? Explore More

    Blog

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud

    Document verification is the most important stage when it comes to doing online business, getting...

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud Explore More

    Blog

    FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks

    Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...

    FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks Explore More

    Blog

    The Vital Role of AML Compliance for P2P Lending

    Archiac banking traditions saw loan applicants held in suspense, waiting for lengthy periods of t...

    The Vital Role of AML Compliance for P2P Lending Explore More

    Blog

    The EU’s New AML Proposal, What’s in Store?

    To strengthen the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...

    The EU’s New AML Proposal, What’s in Store? Explore More

    Blog

    Forensic Document Forgery Analysis – A Landmark Approach to Curb Identity Fraud

    With online services picking up pace, cybercriminals are ramping up their  digital attacks and us...

    Forensic Document Forgery Analysis – A Landmark Approach to Curb Identity Fraud Explore More

    Blog

    Mounting Cases of Money Laundering through Digital Currencies in 2021

    Even though cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are increasing rapidly, yet the...

    Mounting Cases of Money Laundering through Digital Currencies in 2021 Explore More

    Blog

    Age Verification: Use Cases, Significance and Regulations

    This pillar post talks about the significance of digital age verification, how it works, what are...

    Age Verification: Use Cases, Significance and Regulations Explore More

    Blog

    How AI is Transforming the Banking Sector

    Artificial Intelligence has extensive applications across several domains: from banking to health...

    How AI is Transforming the Banking Sector Explore More

    Blog

    How Businesses Can Avoid Identity Verification Fraud in 2019?

    With a bulk of customers using online services, businesses wish to digitise their operations and ...

    How Businesses Can Avoid Identity Verification Fraud in 2019? Explore More

    Blog, Online Marketplace

    Social Media and Identity Theft Frauds

    Imagine this: You get up in the morning and like most people; check your email. There you have an...

    Social Media and Identity Theft Frauds Explore More

    Blog

    Intelligent Security Systems & Digital ID Verification

    Most technology solutions present a compromise between convenience and security to their users. I...

    Intelligent Security Systems & Digital ID Verification Explore More

    Blog

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution

    High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution Explore More

    Blog, Fraud Prevention

    Credit Card Frauds- How Can You Prevent It?

    Ever since credit cards were introduced, credit card fraud has been elevating. One needs to stay ...

    Credit Card Frauds- How Can You Prevent It? Explore More

    Blog

    Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide

     The threat for money laundering and terror financing continue to increase with global a...

    Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide Explore More

    Blog

    Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes

    Emerging technologies and digitization are transforming the investment sector, creating opportuni...

    Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes Explore More

    Blog

    Top 5 Digital Banking Trends to Look Out for in 2022

    2021 was fundamentally geared towards surviving the pandemic and its aftermaths. The pandemic-acc...

    Top 5 Digital Banking Trends to Look Out for in 2022 Explore More

    Blog

    COVID-19 Pandemic – What it holds for businesses?

    The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...

    COVID-19 Pandemic – What it holds for businesses? Explore More

    Blog, Financial Crime / AML

    What is PEP Compliance and Why do Financial Institutions Need it?

    For Politically Exposed Persons (PEPs), an inter-governmental body established in 1989, Financial...

    What is PEP Compliance and Why do Financial Institutions Need it? Explore More

    Biometric Technology, Blog

    Warning: You’re Losing Money by not Using Biometric Identification

    On the surface, Biometric Identification might seem as if it’s only useful for opening your bank ...

    Warning: You’re Losing Money by not Using Biometric Identification Explore More

    Blog

    Crypto Regulations 2021 – The Updated Compliance Regime in France

    Within the last two years, France’ cryptocurrency landscape has experienced significant milestone...

    Crypto Regulations 2021 – The Updated Compliance Regime in France Explore More

    Blog

    AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance

    With technology evolving every day, online gambling is one of the sectors that has revolutionized...

    AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance Explore More

    Blog

    Shufti Beyond Borders – Customer Experience That Drives Results

    About Stanton Brooks Stanton Brooks is a global customer experience (CX) leader specializing in d...

    Shufti Beyond Borders – Customer Experience That Drives Results Explore More

    Biometric Technology, Blog

    Biometric Authentication: Applications and Constraints

    Biometric authentication is considered as an advanced way of ensuring Know Your Customer (KYC). T...

    Biometric Authentication: Applications and Constraints Explore More

    Blog, Online Marketplace

    KYC for Banks: Reducing financial risk with a perfect digital solution

    The banking sector has to tread a very balanced path between compliance regulations and customer ...

    KYC for Banks: Reducing financial risk with a perfect digital solution Explore More

    Blog

    AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]

    This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...

    AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4] Explore More

    Blog

    Breaking the KYC Remediation Cycle through a Risk-based Approach

    Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...

    Breaking the KYC Remediation Cycle through a Risk-based Approach Explore More

    Blog, Identity & KYC

    How ID Verification via OCR can transform Digital World?

    ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...

    How ID Verification via OCR can transform Digital World? Explore More

    Blog

    KYC ID Verification – A Critical Component for Securing Online Dating Activities

    Social manipulation in online dating platforms targets numerous users and their personal informat...

    KYC ID Verification – A Critical Component for Securing Online Dating Activities Explore More

    Blog, Identity & KYC

    4 Reasons Why Brokerage Firms Need ID Verification?

    According to Steve Grobman, Chief Technology Officer for McAfee, “The digital world has transform...

    4 Reasons Why Brokerage Firms Need ID Verification? Explore More

    Blog

    Ensure Digital Security with e-KYC Solutions

    In today’s world where the distances have been reduced considerably with the advancement of techn...

    Ensure Digital Security with e-KYC Solutions Explore More

    Blog, Fraud Prevention

    Cryptocurrency Scams – Checklist for Protection

    Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...

    Cryptocurrency Scams – Checklist for Protection Explore More

    Blog

    Video KYC – Understanding the ‘what’ and ‘how’ [A short guide]

    Archaic and lengthy KYC procedures were soon to be rendered obsolete by the rapid rate of digitis...

    Video KYC – Understanding the ‘what’ and ‘how’ [A short guide] Explore More

    Blog

    Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals

    The nature of digital operations is changing, and users are now preferring to use remote services...

    Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals Explore More

    Blog

    NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem

    Non-Fungible Tokens (NFTs) are by far one of the most popular topics right now. Artist Mike Winke...

    NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem Explore More

    Blog

    Intelligent Security Systems & Digital ID Verification

    Most technology solutions present a compromise between convenience and security to their users. I...

    Intelligent Security Systems & Digital ID Verification Explore More

    Blog, Business Technology

    How Blockchain is Making the World a Better Place

    Verify identity: The whole world lives online now. Yes, that’s an exaggeration but we are gradual...

    How Blockchain is Making the World a Better Place Explore More

    Blog

    Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks

    The AI revolution has enabled businesses to leverage the power of technology in KYC verification....

    Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks Explore More

    Blog, Identity & KYC

    Know Your Patient: Anti-Fraud Pill for Healthcare Industry

    Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...

    Know Your Patient: Anti-Fraud Pill for Healthcare Industry Explore More

    Blog

    NFC Verification – Securing Large-scale Events from Frauds

    Large-scale events are a great way for imposters to execute their illicit plans. Data breaches, m...

    NFC Verification – Securing Large-scale Events from Frauds Explore More

    Blog

    Fighting Prevailing Crimes in Gaming Industry with Shufti’s Anti-Money Laundering Screening Solution

    Modern gaming is the most recent evolution of this industry that has become the attraction of glo...

    Fighting Prevailing Crimes in Gaming Industry with Shufti’s Anti-Money Laundering Screening Solution Explore More

    Blog, Financial Crime / AML, Online Marketplace

    Billion Dollar AML Compliance Plan for the Financial Sector

    The financial services sector has long been blamed for the spread of financial crimes like money ...

    Billion Dollar AML Compliance Plan for the Financial Sector Explore More

    Blog, Online Marketplace

    How Identity Verification Makes Remote Account Opening Efficient for Banks

    Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...

    How Identity Verification Makes Remote Account Opening Efficient for Banks Explore More

    Blog

    On-Premises vs Cloud Services – Two Sides of the Same Coin

    With the advent of technology, industries are streamlining all their processes and ensuring highe...

    On-Premises vs Cloud Services – Two Sides of the Same Coin Explore More

    Blog

    7 Best KYC and Fraud Prevention Tips for Online Businesses

    With the explosion of internet and web applications, the online interaction between consumers and...

    7 Best KYC and Fraud Prevention Tips for Online Businesses Explore More

    Blog

    Face Spoofing & Liveness Bypass: The Real Threat to Facial Recognition

    With the introduction of facial recognition, authentication has never been faster or more conveni...

    Face Spoofing & Liveness Bypass: The Real Threat to Facial Recognition Explore More

    Blog

    Shufti Celebrates 5 Years of Innovation in the IDV Industry

    October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...

    Shufti Celebrates 5 Years of Innovation in the IDV Industry Explore More

    Blog

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes

    As the pressure to grow profits intensifies, many companies are thinking proactively on how to ef...

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes Explore More

    Blog

    OCR Vs. ICR: The Key Differences that Businesses Need to Know

    Financial institutions need to have reliable and efficient data management. With such a system, t...

    OCR Vs. ICR: The Key Differences that Businesses Need to Know Explore More

    Blog

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes

    As the pressure to grow profits intensifies, many companies are thinking proactively on how to ef...

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes Explore More

    Blog

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?

    From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes? Explore More

    Blog, Identity & KYC

    Why does ID verification fail?

    Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...

    Why does ID verification fail? Explore More

    Blog, Identity & KYC

    Identity Proofing – Prevention from Data Breaches

    World economic forum states that Cyberattack is mapped as one of the top threats to global stabil...

    Identity Proofing – Prevention from Data Breaches Explore More

    Blog

    A Brief Overview of 2021 AML Trends

    Over the last decade, regulatory scrutiny on Anti-Money Laundering (AML) compliance has remained ...

    A Brief Overview of 2021 AML Trends Explore More

    Blog

    Combating Identity Theft in On-Demand Services with Shufti’s KYC Solution

    Transition is the only thing that is inevitable in the universe. Every passing day is changing ou...

    Combating Identity Theft in On-Demand Services with Shufti’s KYC Solution Explore More

    Blog

    AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2]

    Australia is an important member of the Financial Action Task Force and plays a substantial role ...

    AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2] Explore More

    Blog

    How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification

    The customer journey with a business is very comprehensive. It does not end once the customer is ...

    How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification Explore More

    Blog, Identity & KYC

    User as Owner: Why KYC Software Needs to Respect Privacy Laws?

    User as Owner is a simplistic concept that stipulates that all the data of any user collected by ...

    User as Owner: Why KYC Software Needs to Respect Privacy Laws? Explore More

    Blog

    Facial Recognition | The Principles of Responsible Use and the Legal Landscape

    One of the most popular uses of AI nowadays is facial recognition. In all likelihood, it’s ...

    Facial Recognition | The Principles of Responsible Use and the Legal Landscape Explore More

    Blog

    Intelligent Character Recognition (ICR) Software – One step ahead of OCR

    What is ICR? Intelligent Character Recognition (ICR) is an extended technology of Optical...

    Intelligent Character Recognition (ICR) Software – One step ahead of OCR Explore More

    Blog

    Intelligent Security Systems & Digital ID Verification

    Most technology solutions present a compromise between convenience and security to their users. I...

    Intelligent Security Systems & Digital ID Verification Explore More

    Blog

    Video KYC Verification | The Hassle-Free Process of Authenticating Identities

    Digital onboarding these days is getting tougher for firms working and managing their business op...

    Video KYC Verification | The Hassle-Free Process of Authenticating Identities Explore More

    Blog

    Is NFC Really the Future? The Mystery Solved!

    We arguably live in a world that is now dependent on technology. From online payments to online e...

    Is NFC Really the Future? The Mystery Solved! Explore More

    Blog

    Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud

    With emerging technologies, the demand for online services and products is skyrocketing, raising ...

    Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud Explore More

    Blog

    Video KYC Verification – Reimaging Customer Onboarding in 2023

    As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...

    Video KYC Verification – Reimaging Customer Onboarding in 2023 Explore More

    Blog

    Know Your Business (KYB) | Ensuring Financial Security

    The Know Your Business solution standard verifies a company’s legal standing and confirms i...

    Know Your Business (KYB) | Ensuring Financial Security Explore More

    Blog, Financial Crime / AML, Identity & KYC, Reg Tech

    Significance of AML Compliance in Money Services Business

    The financial sector landscape is evolving with the advent of the FinTech industry. Many revoluti...

    Significance of AML Compliance in Money Services Business Explore More

    Blog

    Know Your Investor | Simplify the Onboarding Process

    Businesses at any stage need to onboard credible partners and investors who bring in capital and ...

    Know Your Investor | Simplify the Onboarding Process Explore More

    Blog

    How to Create a Wow! Fraud Prevention System with Shufti

    The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...

    How to Create a Wow! Fraud Prevention System with Shufti 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