Liminal’s Link Index Names Shufti a Leading Vendor for Business and Entity Verification

One of the most challenging issues in modern compliance is thorough Know Your Business (KYB) due diligence on corporate customers. Complex ownership structures, cross-border onboarding, and evolving fraud typologies make it difficult for compliance teams to distinguish legitimate entities from synthetic networks. 

Liminal’s latest Link Index for Businesses and Entity Verification (BEV) captures this reality well, noting that 77% of organizations struggle to detect shell companies linked to sanctioned entities, and 82% organizations lack the technology to detect synthetic identities. 

Against this backdrop, Liminal has named Shufti a Leading BEV Vendor out of 127 Vendors in its 2025 BEV Link Index. The recognition highlights Shufti’s innovation, impact, and effectiveness in BEV and positions the company as a leading vendor in a crowded global market.

What is Liminal and Why Does Its BEV Link Index Matter?

Liminal is a research and advisory firm focused on digital identity, fintech, and cybersecurity. The Liminal Link Index for BEV is a trusted benchmark for evaluating the performance of BEV solutions in the market.

The 2025 BEV Index provides a market overview of BEV solutions, with well-researched insights into the strengths and weaknesses of BEV vendors. The rigorous assessment of factors such as market presence, product capabilities, and strategic alignment with future compliance trends renders the Link Index a vital tool for financial institutions to select the best vendor that suits their compliance requirements.

How did Liminal evaluate BEV Vendors?

Liminal’s Link Index rated vendor products based on the capability and performance of their products. The Index evaluated 127 Vendors on a combination of product execution, strategy, and market presence. Additional factors such as accuracy, data quality, scalability, and compliance with global regulations were also considered.

After evaluating the BEV vendors, the Index identified 20 leading vendors. To earn this distinction, vendors had to meet minimum product execution (68%) and strategy (40%) thresholds. These benchmarks ensure that the selected vendors, such as Shufti, are highly effective in delivering business verification solutions and are in a position to meet the future needs of compliance.

Shufti Named a Leading BEV Vendor among BEV Products in the Liminal Link Index

The Link Index categorized Shufti as a leading BEV Vendor that satisfies the thresholds of product execution and strategy, in addition to scoring high on additional factors. The report notes that this recognition reflects Shufti’s:

• Strong market presence
• Product capabilities designed for complex global use cases.
• A strategy that tracks closely with evolving buyer needs. 

For compliance and risk leaders, this recognition positions Shufti not just as another solution in the market, but as a platform leading the industry.

What is Shufti’s leadership edge in business and entity verification?

The Link index highlights three core strengths that define Shufti’s leadership in BEV:

• Real-time registry intelligence:

Shufti connects to trusted global data sources to provide real-time registry and corporate information. This enables financial institutions to:

• Verify legal entity information and registration details.
• Confirm active status and corporate events.
• Build a clearer picture of ownership structures.

For institutions that struggle to detect shell companies and opaque corporate networks, instant access to verified registry data becomes imperative.

• Configurable compliance for every jurisdiction:

Regulatory expectations for BEV and KYB differ across markets. Shufti’s platform offers configurable workflows that enable businesses to adapt verification journeys to local regulations, risk appetite, and entity type.

This level of customizability helps compliance teams:

• Tailor risk assessments as per risk exposure.
• Adapt quickly when regulations change. 
• Roll out consistent policies across multiple regions without rebuilding from scratch. 

• Enriched Risk Insights across the entity lifecycle

Liminal’s profile of Shufti underlines enriched risk insights as a core differentiator. Shufti’s BEV capabilities support a deeper understanding of an entity’s risk and legal legitimacy through:

• Extensive coverage across industries such as fintech, crypto, and digital marketplaces.
• AI-driven ID verification and AML screening capabilities.
• Designed for digital onboarding and management throughout the customer lifecycle.

This enhanced risk assessment provides a holistic view for compliance teams rather than a one-off onboarding snapshot. 

What Liminal’s BEV Link Index signals for compliance and risk teams?

Liminal’s BEV Link Index gives a clear picture of where business verification stands today and where it is heading. The report shows that most organizations still struggle to detect shell companies linked to sanctioned individuals, to handle synthetic identities in beneficial owner checks, and to integrate BEV solutions cleanly into existing systems, which slows automation and increases risk.

Businesses rank data quality, accuracy, and regulatory compliance as their top purchasing criteria and are rapidly expanding automation and AI use in BEV, with a strong shift toward platforms that can support global coverage and growing volumes as BEV spend rises from 2.1 billion dollars in 2025 to 3.1 billion dollars in 2029.

In this context, Shufti’s position as a Leading Vendor in the BEV Link Index is not just recognition. It shows that the platform is already aligned with the future Liminal describes.

Liminal notes that leading vendors are shaping the next wave of business verification through real-time registry intelligence, configurable compliance, and enriched risk insights. Shufti’s approach reflects this blueprint in production today, giving compliance and risk teams a way to address current Know Your Business challenges while preparing for the next phase of BEV automation and AI adoption.

Book a Shufti demo today and see how a Leading BEV Vendor manages business verification.