Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Ride Sharing Services and ease provided by KYC Services

ride sharing kyc aml shufti

Ride Sharing services might be the hottest form of transportation especially in developed countries but without utilising reliable KYC services, they tend to offer much more danger as compared to comfort to their customers. Highly popular among professionals and younger generation, Ride Sharing services have a lot to benefit from KYC services not only to cut down on losses incurred by identity thefts but they can also rid their service from any driver with a criminal past.

Ride Sharing services are quickly becoming a cost effective alternative to the traditional car services. Conventional means of transport like taxis have fallen in popularity partly because of the ease of use provided by ridesharing services to their customers as compared to regular vehicles for hire. These ride services offer instantaneous confirmation of ride requests, less-expensive rates, and typically a newer and more varied “fleet” of cars made possible by a list of drivers that are working for extra-salary or are not under regular structure of payroll from ride sharing service.

Despite having a popular appeal, ride sharing services are often criticized because of their non-regulated operations and less than casual approach towards their contracted drivers. That is why complaints of misbehavior and unprofessionalism are also heard frequently when it comes to ride sharing services. KYC services seems to have a perfect solution for these complaints.

KYC Services for Ride Sharing services

Ride Sharing services like Uber and many others with similar business model also have a lot to benefit from Digital KYC services. These services will not only help to safeguard company’s interest for customer onboarding process but the captains and drivers of the rides can also be verified against their provided credentials and documents. This will add an additional layer of security to ensure customer trust and credibility towards the ride sharing service.

Ride Sharing services can choose patented technology of Shufti to authenticate driver’s licenses. As part of the verification process, Shufti extracts biometric and alphanumeric data from IDs and applies Artificial Intelligence to authentic  the credential instantly. Ride sharing service will be able to also perform facial recognition match to validate users. Facial recognition feature of an authenticated product like Shufti is as easy as taking a selfie and comparing it to biometric data contained in the government-issued ID. Results are given in seconds, comparing the face biometrics of a selfie to the image on the ID and include a liveness detection test to prevent fraudsters from using static images by ensuring that a live person is in front of the camera.

Why Shufti?

Shufti should be an ideal choice for ride sharing companies looking for a reliable KYC services provider. ID Verification services offered by Shufti are available in every country of the world and can verify documents in every language of the world. It means that whether a ride sharing service has business operations spread over a specific country, region or entire globe, Shufti will be of full assistance to its customers, providing flawless digital KYC services. Expansion into a new territory or region with entirely different language or design of official documents will not be an issue with Shufti. ID verification services of Shufti are easily integratable with pre-existing online systems, android or iOS apps and web applications. It means that no new modifications has to be done in the online system of ride sharing service that wishes to bring Shufti onboard for AI powered KYC services.

Recommended For You:

Related Posts

Blog

The Future of Customer Onboarding Post-COVID-19 Pandemic

The COVID-19 pandemic has changed our lives to the fullest and businesses have suffered a lot as ...

The Future of Customer Onboarding Post-COVID-19 Pandemic Explore More

Blog

Why Payment Processors Need Mobile ID Verification?

One of the many by-products of progressing technology is payment systems that have cropped up ove...

Why Payment Processors Need Mobile ID Verification? Explore More

Artificial Intelligence, Blog

What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?

Criminals and organized crime groups have become creative and sophisticated in concealing sources...

What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud? Explore More

Blog

Understanding the Key Role of Risk Assessment in the Crypto Industry

Cryptocurrencies are becoming a hotspot for scammers to perpetrate financial crime. Over 46,000 i...

Understanding the Key Role of Risk Assessment in the Crypto Industry Explore More

Blog

Top 5 Ways Minors Use to Dodge Age Verification Checks

Protecting minors from the perils of the digital world is nearly impossible for businesses withou...

Top 5 Ways Minors Use to Dodge Age Verification Checks 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

Transforming the KYC Experience Using Automated Document Verification Checks

In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...

Transforming the KYC Experience Using Automated Document Verification Checks Explore More

Blog

Impact of California Consumer Privacy Act on Online Businesses

California consumer privacy act has been revolutionizing consumer data regulations. The act was p...

Impact of California Consumer Privacy Act on Online Businesses Explore More

Blog, Online Marketplace

How AI is Transforming Fraud Prevention in the Healthcare Industry

KYC For HealthCare: Fraud is so common that there is hardly any industry that hasn’t had to bear ...

How AI is Transforming Fraud Prevention in the Healthcare Industry Explore More

Blog

Risk Assessment – Building Trust in Financial Institutions

For financial institutions to hold onto their customers, they must build and conserve advanced le...

Risk Assessment – Building Trust in Financial Institutions Explore More

Blog

Crypto Regulations 2021 – What Digital Currency Providers Need to do

Cryptocurrency has been a hot topic ever since its advent in 2009. The ability to draw investor a...

Crypto Regulations 2021 – What Digital Currency Providers Need to do Explore More

Blog

How can AML play a role to impede the financing of terrorism?

Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...

How can AML play a role to impede the financing of terrorism? 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

De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs

Every firm providing financial services must stay put with the existing compliance and follow new...

De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs Explore More

Blog

Anti-Money Laundering Screening – Enabling Financial Institutions to Handle Suspicious Activities

Financial crime is becoming a global concern, yet it’s often tough to spot. That is why gov...

Anti-Money Laundering Screening – Enabling Financial Institutions to Handle Suspicious Activities Explore More

Blog

Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions

The promise of payments technologies is being realized. Consumers are executing frictionless paym...

Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions Explore More

Blog

Know Your Patient – Balancing Security, Customer Experience and Compliance in the Healthcare Sector

As the healthcare industry continues to offer life-critical services while making efforts to impr...

Know Your Patient – Balancing Security, Customer Experience and Compliance  in the Healthcare Sector Explore More

Biometric Technology, Blog, Online Marketplace

Face Verification Becoming Vital For Travel Industry

Over the past few years, biometric technology has become increasingly mainstream. This is due in ...

Face Verification Becoming Vital For Travel Industry Explore More

Blog, Financial Crime / AML

AML Screening in the light of Compliance Regimes Around the Globe

AML compliance is inevitable for all types of businesses around the globe. The regulatory complia...

AML Screening in the light of Compliance Regimes Around the Globe Explore More

Blog

AML in Real Estate – Combating Property Scams at the Forefront

Real estate is deemed to be a profitable and safe business to invest in thanks to its ever-growin...

AML in Real Estate – Combating Property Scams at the Forefront Explore More

Blog

Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti

Businesses deplete millions of dollars each year on outdated technologies, employee training, and...

Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti Explore More

Blog

KYC alternatives disrupting traditional KYC methods

Technology is building bridges between businesses and consumers across the barriers of distance a...

KYC alternatives disrupting traditional KYC methods Explore More

Blog

Brexit to Change Sanction and Money Laundering Regulations in 2021

In 2016, the United Kingdom decided to part ways with the European Union (EU). After its preparat...

Brexit to Change Sanction and Money Laundering Regulations in 2021 Explore More

Blog

Affiliate Fraud Detection | How to Prevent it in 2024

Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...

Affiliate Fraud Detection | How to Prevent it in 2024 Explore More

Blog

Shufti’s Ongoing AML Solution to Prevent Transaction Laundering

Online financial criminals are always finding newer ways to exploit financial infrastructures in ...

Shufti’s Ongoing AML Solution to Prevent Transaction Laundering Explore More

Blog, Online Marketplace

Ride Sharing Services and ease provided by KYC Services

Ride Sharing services might be the hottest form of transportation especially in developed countri...

Ride Sharing Services and ease provided by KYC Services Explore More

Blog

KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions

In the ever-evolving landscape of finance, having a solid defence against financial crime is cruc...

KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions Explore More

Blog, Business Technology

Fintech Trends – Unlocking the Unmapped Potential

Fintech, a blend of two words Finance and Technology, represents the collision of two worlds that...

Fintech Trends – Unlocking the Unmapped Potential Explore More

Blog

Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification?

The way things are headed, there is no doubt about the fact that the world will be a different pl...

Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification? Explore More

Blog

How Deepfakes Deceptions are Affecting Businesses

The word deep fake comes from the terms “deep learning” and “fake,” and is a type of artificial i...

How Deepfakes Deceptions are Affecting Businesses Explore More

Blog

Top 7 COVID-19 Related Scams and Frauds to Look For in 2021

It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...

Top 7 COVID-19 Related Scams and Frauds to Look For in 2021 Explore More

Blog

The Top Use Cases of Optical Character Recognition (OCR) Technology

Optical Character Recognition (OCR) technology has transformed how businesses collect, process, a...

The Top Use Cases of Optical Character Recognition (OCR) Technology Explore More

Blog

An Insight into the US Regulations for the Art Art & Antiquities Sector

Billions of dollars worth of art and antiquities are traded throughout the world without checks t...

An Insight into the US Regulations for the Art  Art & Antiquities Sector Explore More

Blog

5 Features of the Best Transaction Monitoring Solution

Criminals are continuously devising sophisticated strategies to launder illegally-acquired money....

5 Features of the Best Transaction Monitoring Solution Explore More

Blog

Know Your Driver – Urgency of Identity Verification for Mobility service Providers

Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...

Know Your Driver – Urgency of Identity Verification for Mobility service Providers Explore More

Blog

AML Compliance – Addressing the Threat of Money Laundering in NFT Marketplaces

The NFT marketplace is flourishing even though the top platforms do not always comply with Anti-M...

AML Compliance – Addressing the Threat of Money Laundering in NFT Marketplaces Explore More

Blog

Integrated Compliance Management – Mitigating the Regulatory Risks

Businesses operating in the financial sector often face organizational and compliance challenges....

Integrated Compliance Management – Mitigating the Regulatory Risks Explore More

Blog

FinCEN Files – Banks abandoning front-line defenses against money laundering

Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...

FinCEN Files – Banks abandoning front-line defenses against money laundering Explore More

Blog, Business Technology

Business Verification – Foolproof Ways to Secure Happy Customers

Creating a winning customer experience can make for a significant competitive advantage for busin...

Business Verification – Foolproof Ways to Secure Happy Customers Explore More

Blog

Know Your Patient (KYP) – the next big thing in health care

Its high time the hospital industry must think beyond providing just giving medical assistance to...

Know Your Patient (KYP) – the next big thing in health care Explore More

Biometric Technology, Blog

How eIDAS compliance is easier with Biometric Consent from Shufti pro?

Biometric consent authentication is a brand new verification solution from Shufti, using an i...

How eIDAS compliance is easier with Biometric Consent from Shufti pro? Explore More

Blog

CDD in Real Estate Sector – How to Comply With Updated Regulations

When it comes to investing funds, real estate is considered the safest sector to invest in becaus...

CDD in Real Estate Sector – How to Comply With Updated Regulations Explore More

Blog

EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World

A few days back, the European Union Commission published a draft for digital ID wallets for all t...

EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World Explore More

Blog

Building Trust in Health and Telemedicine Services With Shufti’s Facial Biometric Verification Solution

Telecommunication technology in the healthcare industry is already widely used and is expanding t...

Building Trust in Health and Telemedicine Services With Shufti’s Facial Biometric Verification Solution Explore More

Blog

Corporate Transparency Act – The Road to Better AML Compliance

According to the latest reports, the United States ranked number 1 for not complying with the ant...

Corporate Transparency Act – The Road to Better AML Compliance Explore More

Blog

Know Your Patient – Curbing Healthcare Fraud through Identity Verification

With global digitization and emerging technologies, the healthcare sector has adopted a variety o...

Know Your Patient – Curbing Healthcare Fraud through Identity Verification Explore More

Blog

The Digital Black Market for Identity Data

The collection, purchase, or trade of customer data is big business. Unless organizations and ind...

The Digital Black Market for Identity Data Explore More

Blog

OCR Solution: A Must-have for Every Business to Automate Workflows

Moving documents and files from one format to another is necessary during transactions and busine...

OCR Solution: A Must-have for Every Business to Automate Workflows 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

The Most Frequently Asked Questions about Video KYC

In today’s digital era, the escalating prevalence of identity theft poses a significant con...

The Most Frequently Asked Questions about Video KYC Explore More

Blog

How E-KYC is Overcoming the Hurdles of Financial Inclusion

The challenges associated with the global pandemic have risen at a bewildering speed and yet ther...

How E-KYC is Overcoming the Hurdles of  Financial Inclusion Explore More

Blog

AI face recognition for total automation

Face recognition is everywhere but still we’re unable to say goodbye to document, maybe because w...

AI face recognition for total automation Explore More

Blog

KYC/AML Compliance – Eliminating Financial Crime in Challenger Banks

Challenger banks have emerged in the financial services paradigm by bringing digital innovations ...

KYC/AML Compliance – Eliminating Financial Crime in Challenger Banks Explore More

Blog

How the US Aims to Fight Financial Crimes and Global Corruption in 2022

2022 is looking like the year of change in the USA when it comes to combating illicit financial c...

How the US Aims to Fight Financial Crimes and Global Corruption in 2022 Explore More

Blog, Financial Crime / AML

Secure Crypto Wallets with e-KYC & AML Screening

Payment and funds’ transfer has taken a more digital turn in recent years, with the onset of Cryp...

Secure Crypto Wallets with e-KYC & AML Screening Explore More

Blog

KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future

The rise of decentralized services in the form of digital asset trading platforms and DeFi consta...

KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future Explore More

Blog

Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]

Since the last decade, governments and financial institutions have been trying to limit corruptio...

Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs] Explore More

Blog

Customer Due Diligence – Risk Scoring of Fraudsters to Prevent Crimes

As per the research of The Journal of Accountancy, fraudsters carry out crimes for two reasons: n...

Customer Due Diligence – Risk Scoring of Fraudsters to Prevent Crimes Explore More

Blog

Online Identity Verification – The Hallmark of Surviving the Digital Upheaval

Embracing the digital world seems like entering uncharted waters where the challenges are novel, ...

Online Identity Verification – The Hallmark of Surviving the Digital Upheaval Explore More

Blog

Open Banking Trends & the Vitality of Identity Verification

With rapid digitisation, open banking is becoming the new normal in the banking sector. Open bank...

Open Banking Trends & the Vitality of Identity Verification Explore More

Blog

Transforming the KYC Experience Using Automated Document Verification Checks

In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...

Transforming the KYC Experience Using Automated Document Verification Checks 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

How can you prepare for AML Compliance – Ultimate AML Guidelines For Starters

Anti Money Laundering Compliance, commonly known as AML Compliance, is something that banks and f...

How can you prepare for AML Compliance – Ultimate AML Guidelines For Starters Explore More

Blog

Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry

The telecommunication industry has played a crucial role in global digitization, innovation, and ...

Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry Explore More

Blog, Online Marketplace

ID Verification Ensuring Safety Deals in Real Estate Sector

Buying and selling properties for people are major, thought-provoking decisions. It requires week...

ID Verification Ensuring Safety Deals in Real Estate Sector Explore More

Blog

Banking Scams: Top 5 Predictions and How to Stay Safe in 2023

The most recent fraud statistics will make you uncomfortable. Fraud cases are rising – relentless...

Banking Scams: Top 5 Predictions and How to Stay Safe in 2023 Explore More

Blog

How to Protect Yourself From Cyber Crime in the Holiday Season?

Most people around the world do the majority of their shopping during the holiday season. Accordi...

How to Protect Yourself From Cyber Crime in the Holiday Season? Explore More

Blog, Fraud Prevention

8 Fraud Prevention Tips for a smooth business uptake in 2018

The Need for Fraud Prevention As technology has evolved over the years, the way we do business ha...

8 Fraud Prevention Tips for a smooth business uptake in 2018 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

Impact of COVID-19 on disruptive Fintech industry

The economy and society worldwide are affected by the corona crisis. The effects of COVID-19 on b...

Impact of COVID-19 on disruptive Fintech industry Explore More

Blog

A Detailed Insight Into Canadian Gambling Industry [2022 Update]

Even though Canada is not among the world’s gambling capitals, this business thrives there. The c...

A Detailed Insight Into Canadian Gambling Industry [2022 Update] Explore More

Blog

Risk Assessment and Management | Why do Businesses need it?

B2B partnership always carries risks that must be managed whilst staying compliant. Business part...

Risk Assessment and Management | Why do Businesses need it? 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