Shufti Pro joins hands with Isiklar Coin

Isiklar Holding Partners with Shufti Pro to verify the customers of their new venture Isiklar Coin

London, UK – (17 January 2020) Shufti Pro partnered with Isiklar Holding to provide them with swift document verification for onboarding customers of their new venture Isiklar Coin.  

Isiklar Holding company has started a new venture namely, Isiklar Coin. They wanted to secure their legacy from bad actors so onboarding a legitimate clientele is crucial. Their goal is to identify each onboarding identity to make sure that no fraudulent individual is facilitated through their business or can be harmful. To deter the risks associated with bad actors, the company realized the need for identity verification against official identity documents. And Shufti Pro helped them in identifying and verifying their consumers through online document verification. 

A seamless and robust process of identity verification through documents will help the company allow only honest customer traffic to become part of their systems while ensuring a smooth customer experience. As document verification with Shufti Pro doesn’t take more than 60 seconds and the user can easily go through the verification process.    

Isiklar Holding is an innovative business that aims at achieving potential business growth by making honest customers part of their system. A clean customer base helps businesses grow at an exponential rate. The company needed a cost-effective and quick document verification service to prevent fraud the industry could be prone to. Shufti Pro provides the company with KYC screening services for customers. At the time of online registration, customers can verify their identity using several government-issued identity documents. Shufti Pro can verify more than 3000 identity documents and supports more than 150 languages performing verifications in seconds. Shufti Pro, with its seamless verification services, has made the KYC risk management process easy for Isiklar Coin. 

The company’s CEO,  D-r Nikolay Momchilov expressed his feelings after the partnership with Shufti Pro in these words:

 “Whenever our Isiklar Holding company starts a new venture, it is very important for us to find the right partners. We were faced with the dilemma of finding one to store our customers’ personal information. After a deep study of the market, we came across Shuftipro, and I can safely say that we made the right choice and are now calm about our customers’ data because they are in the hands of professionals.”

Shufti Pro is excited about collaborating with a company that holds a legacy. Talking about this collaboration, Shufti Pro’s CEO, Mr. Victor Fredung said, 

“Shufti Pro is excited to have a partnership with Isiklar Holding and looks forward to maintaining it for a long time. Shufti Pro will provide its globally acclaimed identity verification services to Isiklar Holding for proactive fraud prevention. Such collaborations help us move even closer to achieving our longterm goals” 

About Isiklar Holding

Isiklar Holding, a company with deep traditions and a long history of doing business, has decided to create Isiklar Coin (ISIKC). The coin is meant to serve the numerous suppliers and long-term partners of the ISIKC Platform. The idea of ISIKC is to implement a customer loyalty program, using the most innovative and disruptive technology available today – blockchain technology. This will allow the users of ISIKC to be part of a secure, cheap and transparent ecosystem. The private sale will start on January the 13th, 2020. 

About Shufti Pro

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 98.67%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

Contact sales@shuftipro.com to get on board!

FSA Regulated Bilderlings joins forces with Shufti Pro to accelerate the process of Secure client onboarding

FSA Regulated Bilderlings joins forces with Shufti Pro to accelerate the process of Secure Client Onboarding

London, UK – (January 2020) Shufti Pro on-boarded a banking company – Bilderlings – to help them accelerate their customer onboarding process while fulfilling the regulatory compliance and fraud-prevention needs. 

Shufti Pro is a global identity verification, KYC/KYB/AML screening service provider with customers in every country and industry. What makes it different is its swift verification service that identifies an individual within 30 seconds while maintaining a high accuracy rate of 99.99%. Recently it onboarded an innovative banking company Bilderlings that delivers next-generation banking services to businesses and individuals. 

Billings is regulated by FSA so compliance is a big deal for the company. Speed of account opening is their targeted competitive edge so they needed a cutting edge technology to onboard a secure clientele in a secure manner. The company’s main services are settlement accounts and internet acquiring. Everything is online so the fraud rate is high, serving the financial needs of businesses online requires in-depth fraud proofing and screening for regulatory purposes as well. 

Fraud is everywhere and financial data of the customers is a vital asset of the company, so Bilderlings took a smart decision based on Shufti Pro’s global acclaim and choose it for swift onboarding of their clients. 

Expressing his confidence in this partnership, Dmitry Kuvshinov, Executive Officer, Bilderlings Pay said; “Bilderlings is a fintech platform, and the speed of opening a current account is one of the key factors for clients who choose our services. Partnership with Shufti Pro is very important for us because thanks to Shufti Pro technology we will be able to significantly accelerate the process of client onboarding.” 

Victor Fredung, CEO of Shufti Pro expressed his excitement towards this collaboration and said; “We are excited to onboard Bilderlings and to help them in swift onboarding of their customers. We are proud that Bilderlings chose us for the swiftness in our services which is one of our key attributes. Shufti Pro aims at maintaining this membership for a longer-term and to keep on improving our services to make sure that our customers are always content with their decision of choosing Shufti Pro.”

About Bilderlings Pay

Bilderlings is an innovative banking company for businesses and individuals. Among the main services of Bilderlings are settlement accounts and internet acquiring. Bilderlings helps businesses to open an account in one day, to customize individual financial solutions, and to automate the processes using API. Bilderlings customers range from large companies to cutting-edge startups. Bilderlings uses advanced digital banking technology for quick payments and flexible payment solutions. The company maintains the services of traditional banks and clients receive maximum attention from their private banker. Bilderlings is a British fintech platform that is regulated by the FCA and meets all the security standards of a traditional British bank.

About Shufti Pro

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 98.67%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

Contact sales@shuftipro.com to get on board!

Shufti Pro Partners with Drakemall to Provide KYC/AML Services to the Loot Box site

London, UK – (13 January 2020) Shufti Pro joined forces with Drakemall to provide them swift verification for customer onboarding. The ID verification service provides real-time document verification services for seamlessly implementing KYC/AML guidelines. 

Norton predicted that cybercriminals will steal an estimated 33 billion records by 2023. Future-oriented e-commerce platforms are incorporating identity verification solutions in their online platforms to address this risk in a proactive manner. And Shufti Pro is aiding them with its global identity verification solutions to help the online market places flourish in fraud-free cyberspace.

Drakemall is a revolutionary loot box site that aims at achieving it’s growth targets while onboarding and retaining a secure customer base. It has an unconventional business model and delivers diverse products. The loot box site has the policy to onboard only the people above 18 years old. They operate on a prepaid basis, the customers register with them and top-up their accounts with credit before making any purchases. Also, they accept payments through credit cards, PayPal and other payment solutions. So the financial and non-financial risk (account takeover fraud) is high. 

Drakemall knew that creating such a diverse platform needs strong security features as well. This is where Shufti Pro enters the picture. Drakemall needed a quick, global and cost-effective solution for their verification needs that do not make false promises so they chose Shufti Pro. Shufti Pro is providing online document verification services to Drakemall for swift and easy KYC screening and fraud prevention along with good customer experience. The customers can verify their identity at the time of online registration through several identity documents. Shufti Pro can verify more than 3000 identity documents used across the globe. To make the verification process easier for the end-users they are given an option to verify their identity through an ID card, passport, driving license or utility bill. Also, the verification of anyone in the world is completed within 30 seconds making it easier for Drakemall to deliver a swift onboarding experience to its customers. 

Shufti Pro made KYC and risk management a frictionless process for Drakemall. The product owner expressed his confidence in this partnership in these words: 

“Before we connected the service of ShuftiPro, we used manual and selective verification. Now we haven’t any headache about KYC, because all processes are going automatically. This facilitated the work of the fraud manager and support department.”

Shufti Pro is providing real-time KYC services to Drakemall through its document verification solution. The end-users will be verified through their identity documents at the time of registration. This will eliminate the risk of fraud at the root level by onboarding a secure customer base. 

Talking about this collaboration, Shufti Pro’s CEO, Mr. Victor Fredung said, 

“We are delighted to aid Drakemall in automating their KYC and fraud prevention processes. Shufti Pro helped them to address their several security needs with one solution. Our global KYC screening solution will provide an efficient risk cover along with a seamless onboarding experience to their customers.”

 

About Drakemall

Drakemall is a loot box site. On Drakemall.com people can open mystery boxes to get good offers for real items. Mystery boxes include electronics, gaming gadgets, items for geeks, sports equipment, toys, video games, and other trendy products with a discount. They regularly update the list of goods and boxes and use stable payment systems and accept credit cards. Customers can also purchase gift cards using PayPal on Gamivo to top-up their balance anytime. Before entering the ranks, customers have to sign up, add funds to their account and accept the terms and conditions. Only persons over 18 years of age are permitted to use the service.

 

About Shufti Pro

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 99.99%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

Contact sales@shuftipro.com to get on board!

Shufti Pro to verify the investors of blockchain-based real-estate company PlotPeer

London, UK – (13 January 2020) Shufti Pro will now verify the investors of PlotPeer through face verification, document verification and AML screening in real-time. This integration will help PlotPeer to embark on the success journey with trustworthy investors.  

Real estate has huge growth potential and promises long term gains for the investors. But unfortunately, it is exploited by financial criminals. PlotPeer is a blockchain-based investment platform, and it also highlighted that growth can only be achieved when fraud and crime risks are managed properly. So they chose Shufti Pro to address their risk and compliance needs at economical prices. 

It uses blockchain, financial analytics, and crowdfunding to pool in investors in social real-estate projects and then helps them get profits on their investments. Investors from all walks of life approach them and the only way to identify their investors is to verify their identity through identity documents (ID card, utility bills, passport, etc.). And to fulfill their AML compliance needs they needed a competent solution that could provide them a risk cover against the money launderers looking for crime opportunities.  So they chose Shufti Pro to verify the identity of their customers to make sure they onboard secure and trustworthy investors and to mitigate non-compliance and fraud losses. 

“Working with Shufti Pro as our compliance partner will enable us to perform relevant KYC checks on all investors to our platform. Seamless integration with a top-quality support team, Shufti Pro has ensured that our regulatory obligations will be fulfilled.” said, Cairon Clarke, co-founder of PlotPeer. 

Shufti Pro’s CEO Mr. Victor Fredung expressed the commitment of his company towards this collaboration and said; “we are delighted to onboard PlotPeer. Shufti Pro will help them to onboard secure investor base by verifying the identity of their investors in real-time. Also, we will help them to practice valuable AML compliance through in-depth AML screening of their investors.” 

 

About PlotPeer

PlotPeer is a blockchain-enabled platform created to recognize ethical investment opportunities and transform them into successful long-term projects. We tokenize real estate investment opportunities and offer them to our crowd of investors, providing socially impacting and attractive returns on investment. By utilizing professional management methods, crowdfunding technology, and investment techniques we will become the leading platform investing in African real estate.

 

About Shufti Pro:

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 99.99%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

Contact sales@shuftipro.com to get on board!

Clevera Chooses Shufti Pro for Fraud Prevention Through Seamless KYC Screening

Clevera Chooses Shufti Pro for Fraud Prevention Through Seamless KYC Screening

London, UK – (Date) Shufti Pro Joins hands with Clevera, a FinTech startup to eliminate fraud and foster a healthy B2B environment through automated KYC verification of their customers. 

Shufti Pro once again proved that it’s products have value and potential for a diverse clientele by onboarding Clevera, a FinTech startup helping SMEs and institutional investors to use advanced working capital management tools to manage their invoices. Invoice trading is a very delicate business when it comes to fraud-free execution of the operations and building new relations. Identity theft is a common crime these days and businesses are the most common victims. Criminals use the stolen identities of merchants to develop B2B relations. The clientele of Clevera is diverse and the major concern of the startup was to take some concrete steps for fraud prevention. It needed to build a secure marketplace to gain the confidence of the businesses and to gain retainable growth. 

Shufti Pro is global identity verification and KYC/AML screening platform that helps businesses of all types and sizes in fraud prevention and seamless customer onboarding. Quick verification is performed within 30 seconds and helps the businesses in easy compliance at a low cost. Clevera also chose Shufti Pro due to its unrivaled KYC services and its commitment towards its clients. Shufti Pro will provide a risk cover to its client with its global identity verification services, a criminal from any corner of the world will be identified through highly accurate verification services of Shufti Pro. The businesses registering with Clevera will have to go through an in-depth identity verification process in real-time. 

Clevera is satisfied with its decision of choosing Shufti Pro to fulfill its fraud prevention needs. The founder of Clevera Mr. Ottavio Conigliaro expressed his confidence in Shufti Pro in the following words:

“After years of crisis, Italian SMEs are today healthier than ever, but still underfinanced by the traditional banking sector. On the other hand, institutional investors manage a record pile of cash, seeking for returns: the invoice trading can close this gap. To succeed, we need to foster trust in our counterparties, and here steps in Shufti Pro: we think their simple to implement and user-friendly KYC solution will help us to combat frauds and raise trust to that level a B2B environment needs to flourish.”

Shufti Pro will be providing KYC verification services to Clevera for swift user on-boarding and unrivaled fraud protection. The CEO of Shufti Pro Mr. Victor Fredung expressed his excitement regarding this collaboration and said, 

“Shufti Pro is excited about this partnership and looks forward to maintaining this partnership for a long time. Shufti Pro will provide its globally acclaimed KYC services to Clevera for proactive fraud prevention. Such collaborations help us move even closer to achieving our longterm goals” 

About Clevera

Clevera is an Italian startup helping SMEs and institutional investors to seamlessly take advantage of Fintech solutions. Clevera is the manager of the invoice trading marketplace www.clevera.biz, where Italian SMEs willing to access an alternative working capital management tool can sell their B2B invoices to a pool of institutional investors.

About Shufti Pro

Shufti Pro is an identity verification SaaS that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro keeps accuracy results as high as 98.67%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

You can visit Shufti Pro here:

Shufti Pro Limited

1st Floor, 35 Little Russell St, Holborn,

 London WC1A 2HH, UK

info@shuftipro.com

www.shuftipro.com

FastBitcoins Joins Hands with Shufti Pro for Screening of their Customers

FastBitcoins Joins Hands with Shufti Pro for Screening of their Customers

London, UK – (October 2019) Shufti Pro joins forces with FastBitcoins to allow them to provide safe, secure and user-friendly Bitcoin services that enable the Bitcoin economy via their merchant client base. Shufti Pro will provide them a global risk cover through its state of the art AML screening and document verification services.

Shufti Pro is an identity verification and KYC/KYB/AML screening service provider that can verify the identity of people through document verification, face verification, etc. Recently it onboarded a bitcoin business, FastBitcoins and it will verify and perform AML screening on FastBitcoin’s customers in real-time through document verification.

The demand for Bitcoin is growing globally as more people come to understand its worth as a store-of-value. As a result of this, governments around the world are increasing regulatory scrutiny in a bid to maintain fraud-free virtual currencies markets. 

By adopting Shufti Pro’s screening services, FastBitcoins is providing duty-of-care to the people trusting its services, when they are required to identify those they are doing business with, ensuring their legal commitments are fulfilled in a manner that is simple and secure for their clients. The services of Shufti Pro delivers true value for its customers. 

Danny Brewster, MD at FastBitcoins expressed his confidence in this collaboration and said: “Our success comes down to making sure our customers can buy Bitcoin in the fastest and simplest way possible. Where the requirement to verify customer identity arises, Shufti Pro has ensured we can handle it in a straightforward, user-friendly manner. The main reason we selected Shufti Pro is that they offer a reliable technology at a competitive price for a start-up, we are placing trust in them to keep the data provided by our users safe and secure and it was not a decision that was taken lightly when choosing to work with them.” 

Shufti Pro is also excited to onboard FastBitcoins for identity verification and AML screening of their customers. Shufti Pro will provide document verification and AML screening services to FastBitcoins. Mr. Victor Fredung expressed the excitement of his company towards this collaboration and said,

“We’re delighted to have FastBitcoins onboard and look forward to maintaining this collaboration for the longterm. Shufti Pro will deliver its unrivaled risk cover to FastBitcoins through document verification and AML screening of its prospective clients. Our services are best suited for them because we give a truly global coverage in our identity verification services delivered with a high-precision rate.” 

About FastBitcoins 

FastBitcoins provides a complete solution for business owners looking to make extra income from the Bitcoin revolution. Their point-of-sale technology empowers merchants to expand their product offerings and attract new customers with innovative services based around the world’s most recognized digital currency.

Merchants use their simple handheld terminal to let customers buy and sell Bitcoin, make payments in Bitcoin, and purchase prepaid vouchers from over 5,000 international brands, all with no previous experience required.

About Shufti Pro

 

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 98.67%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

You can visit Shufti Pro here:

Shufti Pro Limited

1st Floor, 35 Little Russell St, Holborn,

 London WC1A 2HH, UK

info@shuftipro.com

www.shuftipro.com

Cryptolocator Teams Up with Shufti Pro to Build a Sound KYC Structure

Cryptolocator, a cryptocurrency Marketplace, has recently partnered with Shufti Pro to implement state of the art client authentication system.

Cryptolocator is an advanced P2P marketplace for buying, selling, and storing Bitcoin and Ethereum. Users can easily exchange the world’s two most popular cryptocurrencies in their multi-platform systems with traders around the world. Carrying out a robust and seamless due diligence process to register authentic buyers or sellers is imperative for such businesses. The need to integrate a reliable KYC and AML solution was the impetus for Cryptolocator to approach Shufti Pro.

Cryptlocator is a cryptocurrency marketplace with a mission to increase Ether’s availability, organize the trading process and make it secure. The platform brings together those who want to exchange cryptocurrency from all over the world with no limits.

The service gives an opportunity either to post advertisements, creating your own terms of exchange or just choose from a list of ready-to-make offers. Through Shufti Pro’s AI-driven verification software, they have been able to build a comprehensive KYC/AML structure for verification and authentication of users. 

Reflecting on the association between the two companies, Victor Fredung, CEO Shufti Pro said:

We are delighted by the fact that Cryptoloacator has trusted Shufti Pro to help meet with their customer identification requirements. Working with Cryptoloacator has proved to be a challenge as well as a growth opportunity. Shufti Pro is focused on pushing the boundaries of providing the best KYC and AML services through a combination tech of AI and HI (Human Intelligence). We aim to provide quality services to our clients and keep them satisfied by offering them valuable support.”

 

Kirill Stepanenko, Chief Marketing Officer of Cryptolocator said:

 

 “KYC and AML solutions are becoming a standard for legal cryptocurrency projects. We’ve been looking for an identification service which will make our KYC-process native and simple for our users, but powerful and safe for our platform. Shufti Pro is what exactly meets our needs! Our users easily go through the frictionless experience and get the verification done in less than 30-60 seconds! Moreover, Shufti Pro has a very impressive dashboard that is easy to use for even non-IT people, like our AML-officer. Shufti Pro API is also easy to integrate with our platform code. 

 

Cryptlocator brings together those who want to exchange cryptocurrency from all over the world without limits. Because of the peer-to-peer approach, it is possible to trade fast and directly. Unlike some centralized cryptocurrency exchanges, you make a trade directly with another person. This makes the process lean and fast. Because of Shufti Pro, Cryptolocator can verify the identity of users in real-time. Shufti Pro provides next-generation end-to-end Identity Verification services. It’s a SaaS product offering KYC verification as its basic feature. It was developed to address the gap between quality and availability thus providing the best service to their clients.

About Shufti Pro

 

Shufti Pro was launched in 2017, London, UK, to provide end-to-end identity verification services. The SaaS provider has offices in the UK, Latvia, Cyprus, and Sweden, and provides document verification, KYC/AML screening, geolocation verification, face verification, and 2-factor authentication to a global clientele. Using a hybrid of AI (Artificial Intelligence) and HI (Human Intelligence), it can verify seven billion people on earth. It delivers results in 30-60 seconds with an impressive 98.67% accuracy.

You can visit Shufti Pro here:

Shufti Pro Limited

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

info@shuftipro.com

www.shuftipro.com

Another Feather in the Cap – Shufti Pro Becomes Guild Certified

LONDON, UK (September 24, 2019) Shufti Pro has been awarded the Guild Certificate of Compliance, accrediting that the identity verification service complies with the requirements of the QG-GDPR Management Standard.

The Quality Guild(QG) Management Standards assist organizations in complying with new regulatory requirements. These standards are based on the principles of General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679).

Another Feather in the Cap - Shufti Pro Becomes Guild Certified

Shufti Pro is always a step ahead in cooperating and adhering to compliance measures. Here are the salient measures that the KYC service provider has taken to deserve the certificate: 

  • Processing practices in accordance with principles of Article 5 of the GDPR.
  • Allowance to fulfill Data Subject rights.
  • Maintenance of vital records as per obligations on a Data Processor. 
  • Stringent security controls in place for data protection and processing(Art 32).
  • SSAE compliant and ISO-certified data centers for all data storage.
  • Performance of necessary privacy and risk assessments.

Shufti Pro has taken the initiative of external accreditation to ensure that it leaves no stone unturned in compliance and provides the safest and fastest identity verification services.  This trustwave certificate is also an acknowledgment of data Integrity, data security, and of a reliable platform, which the company provides.

The ID verification SaaS provider ensures that the data is processed in a secure environment, and is not subjected to any alterations or edits. It deals in ID verification from over 220 countries and territories and takes data security very seriously.

About Shufti Pro

Shufti Pro is a trusted name in ID verification services. It provides its clients with seamless customer experience, fraud prevention, which results in uninterrupted revenue generation. Its state of the art SaaS is a combination of Artificial Intelligence and Human Intelligence. Businesses can now experience streamlined digital verification. It provides services to all countries with Universal Language Support.

35 Little Russell Street, 

London WCIA 2HH

United Kingdom

 

paydoo

Paydoo Secures its Operations with KYC Services from Shufti Pro

London, UK (September 2019) Paydoo, a licensed electronic money institution, and payment provider, has partnered with Shufti Pro for securing its merchant onboarding process with customer identification, verification process and AML screening solution. 

With a proud client portfolio that includes leading crypto exchange platforms and FX companies from the United States and EU, Paydoo has established itself as a payment service provider that puts the security of processed payments ahead of anything else. Its RESTful open API architecture allows its customers to start processing payments with swift onboarding and seamless integration. With a business model that supports payments in 180 currencies for checkouts, secure cross border payments and latest transaction functionality with 2048-bit SSL data encryption, Paydoo is a force to reckon with the online payment processing industry. 

As a responsible business entity that did not want to let its platform be used by scammers, fraudsters or merchants with significant financial risk, Paydoo looked out for an identity verification service that can support their global payment operations and that is when Shufti Pro entered the picture. The Founder of Paydoo Sam Kohli explains the choice of Shufti Pro as their KYC service provider in the following words.

“Thanks to its flexible modular structure, Shufti Pro’s features are at the core of our state-of-the-art, proprietary, single-access merchant boarding system. It allows Paydoo to maintain full regulatory compliance by frictionlessly identifying and screening our merchants, ensuring seamless and rapid onboarding.”

Paydoo uses KYC services from Shufti Pro at merchant sign-up to verify the claimed identity of business owners. Not only that, but financial risk attached to a merchant’s identity is also assessed before the registration process via AML screening solution of Shufti Pro. 

 

Victor Fredung, CEO Shufti Pro, commented on the collaboration between the two companies; 

Shufti Pro and Paydoo have a philosophical consensus as both of our companies aspire to create an online marketplace free of online frauds and eliminate payment related scams. Both our companies even took the same technical route of a RESTful API architecture to make the integration process entirely flawless for our customers. This made working with Paydoo a real treat as we strengthened their payment processing operations by keeping out merchants with fake identities or with significant financial risk through our AI based verification services.

 

Paydoo uses Facial Verification & Document verification from Shufti Pro to verify the true identity of merchants that want to utilize their services for processing online transactions. With a turnaround time of less than one minute and a hybrid of Artificial & Human Intelligence, Shufti Pro is able to verify the identity of a merchant with relative ease. Global approach of Shufti Pro also served the business model of Paydoo. The online payment portal will be leveraging verification services from UK based KYC service provider, to verify the identity of users from 230+ countries and territories, with identity documents printed in more than 150 languages. Shufti Pro doesn’t just verify the identity of a merchant with the help of an ID card but also supports Passports & Driving Licenses for identity verification. For AML screening, Paydoo merchants are vetted against 1000+ sanction lists and 3000+ financial risk databases.

The two companies look forward to a mutually beneficial relationship for years to come and plan to play a pivotal role in making online transactions secure and risk-free on a global scale. 

About Shufti Pro

Shufti Pro is an emerging name in ID verification services. It aims to enable its clients with seamless customer experience, fraud prevention and undeterred revenue generation. The company offers state of the art SaaS, which engages Artificial Intelligence and Human Intelligence to provide ID verification services. Businesses can now conduct easy digital verification processes with lesser friction and more advanced technology. Currently offering its services for all countries of the world along with Universal Language Support, the company is located in the United Kingdom with its global office in Sweden.

35 Little Russell Street, 

London WCIA 2HH

United Kingdom

About Paydoo

Paydoo Payments UAB is a European licensed Electronic Money Institution and an innovative, Channel Partner focussed, Payment Service Provider. In operation since 2013, with offices in Riga, Vilnius, New York & Connecticut (United States) and more than 40 employees, Paydoo offers its partners tailored, cross-border processing solutions. 

Paydoo is a member of the E-Money Association (EMA), PCI DSS Certified Service Provider, a VISA and Mastercard registered Payment Facilitator, and holds direct Acquiring BINs in Europe and North America.

Join-Shufti-Pro-at-the-Malta-AI-Blockchain-Summit-2019

Join Shufti Pro at the Malta AI & Blockchain Summit 2019

London, UK – Shufti Pro will venture into the Blockchain Island this year to attend the Malta AI and Blockchain Summit 2019.

The Malta AI and Blockchain Summit managed to entitle Malta as “The Blockchain Island” with its success in the past couple of years. This year, with the event merely days away, it is expected to gain even more traction and coverage. The event is expected to attract a record of 5,000 attendees, 300 exhibitors and an impressive number of nearly 700 investors. The success of the summit is reflective of the opportunities and potential in the AI and blockchain sector.

Multiple startups are also expected at the event giving them the chance to expand their outreach and attract investors. It is open for each and every stakeholder of technologies like AI, blockchain, IoT and Big Data.

The attendees and speakers at the event include distinguished Maltese government officials including the Prime Minister. The summit will also host speakers and guests from the private sector as well as journalists and reporters from prominent publications.

This year, Shufti Pro feels thrilled to become a part of the prestigious event, that is expected to attract worldwide recognition. Attendees will be able to experience firsthand Shufti Pro’s AI-powered identity verification software that can provide top of the line fraud prevention and AML compliance services to businesses. With the ability to verify over 3000+ documents from 230+ countries, Shufti Pro can verify users from every corner of the world. Its AML screening checks can flag high-risk individuals from over 1000+ watchlists and 3000+ financial risk databases.

If you are eager to know more about Shufti Pro and its unique services come visit our booth for a live demo.

 

IFX Expo

Experience Shufti Pro at iFX Expo 2019 along with Syntellicore platform

London, UK – Shufti Pro will be attending the largest financial B2B expo iFX EXPO in the coming week. The expo is to be held in Limassol, Cyprus from 21-23 May with some of the world’s most renowned company representatives showcasing at the event. Since its inception in 2012, the event has put together 14 expos attracting over 35,000 attendees with more than 1,500 exhibitors. The expo has provided exposure to startups and networking opportunities for established companies at the same time.

This year the trade show will be expecting over 50,000 visitors and 500+ exhibitors. The event will also host some of the brightest minds in the industry who will converge to discuss the hottest industry trends and topics. Esteemed speakers from organizations like Google, Amana  Capital and Cyprus Securities & Exchange Commission will be attending the event. The iFX expo is also known for bringing together some of the world’s best and largest FX and crypto companies.

You can catch a live demo of Shufti Pro at iFX Expo 2019 and witness the accurate verification results of this AI-powered verification product. It will be an excellent opportunity for attending companies and businesses to witness the capabilities of KYC and AML services offered by Shufti Pro. The hybrid verification technology built on both AI and Human Intelligence will be at full display for the visitors.

We believe that it will be an excellent opportunity for attendees to test a product that can virtually eliminate the risk of online fraud for their respective businesses and we truly hope that they will be surprised by the swift of verification of Shufti Pro.

Shufti Pro’s ability to verify users in 230+ countries of the world through universal language support sets its services apart from other players in the industry. Shufti Pro also provides high-end AML screening checks that can screen users from over 1000 global watchlists and 3000+ databases including established PEP (Politically Exposed Persons) lists issued by global financial regulators like FATF, OFAC, FinCEN, FINMA and FINTRAC.

iFX Expo is the perfect opportunity for FX brokers and crypto companies to experience Shufti Pro’s KYC and AML services and get acquainted with the idea of an automated onboarding process.

To learn more about Shufti Pro’s exclusive AI services, Come visit Syntellicore desk at Booth no. 157 to see Shufti Pro demonstration live. Our representatives will guide you to a SaaS product that can now be integrated without the need of any developers.

To book a demo in advance or for any further query about Shufti Pro demonstration, feel free to reach out to us through the following details:

costas@shuftipro.com

(+357) 99 697484

 

Shufti Pro

Restore Money Foundation uses Shufti Pro to Accelerate Customer Onboarding Process

BATH, UK – (February 25th, 2019) Shufti Pro partners with Restore Money Foundation in order to fast track their customer registration for better service delivery and authentic regulatory compliance. TxGold, RMF’s gold backed currency, is based in Texas and available to users worldwide. To comply with U.S. federal regulations, RMF needs to collect and confirm custom identification data.

Talking about their initial struggle to find a suitable KYC service provider, Mr. Tyler Chessman, founder of RMF, said: “We struggled quite a bit to find someone that could work with our organization (a startup) and provide a flexible identity verification API.”

With both “on-site” and “off-site” verification, documentation from an end-user can be collected either directly by Shufti Pro – or by the Shufti Pro customer creating ease of use for the customer to perform a verification that best suits their needs. RMF uses off-site verification from Shufti Pro that allows the company to collect and pre-process some of the identification data that is collected from its customers.

Highlighting various facets of the verification process, Mr. Tyler said “After we’ve collected an end user’s name, date of birth, and a picture of their ID or passport, we are able to send this over to Shufti Pro to verify the authenticity of the user’s ID. The API is flexible, giving us the option to add additional verification steps as needed.”

Document verification isn’t as easy as it sounds, especially when users are allowed to upload their own photo; camera quality, lighting/glare, and photo angles present challenges to exclusively automated approaches. “We were actually turned away by a few companies – companies who specialize in document verification – after they learned about our onboarding process.”, says Tyler. “Using a combination of both Artificial and Human Intelligence, Shufti Pro is uniquely able to meet RMF’s onboarding and identification requirements”.

Talking about the collaboration between the two companies, Mr. Victor Fredung – CEO of Shufti Pro said “We are delighted RMF has selected us to help meet with their customer identification requirements. Shufti Pro was more than prepared to handle the unique use case of RMF for user verification. We have been able to provide customized solutions to our various customers based in almost every part of the world.”

About Shufti Pro

 

Shufti Pro is an identity verification SaaS that offers KYC and AML solution to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro keeps accuracy results up to 99.6% high. Having verified users in over 225 countries around the world, Shufti Pro is one of the pioneers in IDV services to cover a good number of countries in a relatively short time of two years.

You can visit Shufti Pro here:

Shufti Pro Limited

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

info@shuftipro.com

www.shuftipro.com

About TxGold

With near-zero transaction costs (for both sending and receiving), and settlement times of 2-4 seconds, TxGold can help bring cryptocurrency to the masses. Backed by redeemable gold, which is stored and secured in the state of Texas (and insured by Lloyd’s of London), TxGold is a viable alternative to paper currency.

TxGold represents an opportunity for existing cryptocurrency enthusiasts to acquire a more stable token; because its value is tied to gold, it isn’t prone to wild swings in value. Running on top of the Stellar platform, there are several wallets available. Using Stellar’s built-in decentralized exchange, TxGold can be acquired by trading a wide variety of tokens – including Bitcoin, Ethereum, Lumens, and more.

 

Shufti Pro

Shufti Pro Powers Näktergal’s Client ID Verification System

BATH, UK – (January 9th, 2019) Shufti Pro has partnered with Näktergal to support the digital mortgage platform with their online Client ID Verification system.

According to an article released by the National Mortgage News in the first week of November, customers are more satisfied with the digitized mortgages than with on-paper or manually filed mortgage loans. This is not to completely eliminate the human interaction rather limit it, reducing the manual labor put in by the employees at mortgage lending firms or related financial institutions. Humans are more prone to making an error when filing loan information and gathering information relating to a customer’s identity and background.

Recently, the renowned bank, JP Morgan & Chase, settled a 13 billion USD worth of mortgage fraud by committing even more mortgage frauds, as per the article published by BoingBoing.net, yesterday. It is interesting to note that the mortgage loaning system at JP Morgan & Chase is not digital. The rising mortgage fraud rates in manual and digital mortgage lending processes have necessitated the presence of an identity verification system in order to ensure that the person applying for a mortgage loan is true.

This is exactly why Näktergal, a digital mortgage platform, reached out and partnered with Shufti Pro, an identity verification service that provides KYC and AML solution, trusted by 100+ clients worldwide. Shufti Pro and Näktergal have partnered and integrated Shufti Pro’s IDV solution with their digital mortgage platform, helping secure the user onboarding. Shufti Pro has not only helped in increasing client-consumer trust but also helped boost secure onboarding, reducing fraud rates in return.

Näktergal aims to safeguard its client-base with real-time identity verification services by Shufti Pro, verifying their users within the record time of 30-60 seconds. This not only streamlines their sign-up process, rather makes it frictionless and simple, reducing customer drop-off rates. The companies have decided to work together in order to automate the KYC verification part of the digital mortgage loaning process. The goal is to make it easy for the customers as well as the client through accurately processed identity credentials by smart systems. Watching over the checks performed by the AI and machine learning algorithms is a layer of Human Intelligence where the Human experts scrutinize each verification to ensure error-free results.

This helps Näktergal ensure that their loans are not processed for any fraudulent customer or someone with fake details, who intends to dupe the company by running off with the loan amount, leaving the company in deficit. Together, Näktergal and Shufti Pro aim to revolutionize the digital mortgage industry, making the process easier and more approachable for people.

About Shufti Pro

Shufti Pro is an identity verification SaaS that offers KYC and AML solution to clients worldwide. Using a hybrid approach of AI and HI technology, Shufti Pro keeps accuracy results up to 99.6% high. Having verified users in over 225 countries around the world, Shufti Pro is one of the pioneers in IDV services to cover a good number of countries in a relatively short time of two years.

You can visit Shufti Pro here:

Shufti Pro Limited

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

info@shuftipro.com

www.shuftipro.com

About Näktergal

Näktergal is a digital mortgage platform where customers can apply for mortgage loans online, and get them processed automatically. Based in Sweden, the company enables bank challengers to offer cheaper mortgage loans and affordable living to their customers.

Please visit Näktergal here:

Tyska Brinken 28

111 27 Stockholm, Sweden

info@naktergal.tech

www.naktergal.tech

KYC services

Try Shufti Pro KYC Services Free of Cost for 15 Days Now

Shufti Pro is now offering 15 days free trial for all of its KYC services. It is a new offer by Shufti Pro for its worldwide customer base allowing users to test our services without having to pay a single penny. All the major features and KYC verification services of Shufti Pro will be available in the trial period to the users. Shufti Pro believes on the strength of its identity verification services and AI-based system. We invite all and sundry to try our service pack or any Identity authentication solution. With a Restful API and mobile SDKs developed for Android as well as iOS platform, our potential customers can test the flawless service standards of Shufti Pro, regardless of their preferred source of verification. We will describe briefly various aspects of this Free Trial to our customers in the following lines:

No Credit Card Required

Unlike, many free trials Shufti Pro does not require any credit card information from its customers that want to use our free trial. All the ID Verification services can be performed without having to share financial information with Shufti Pro. After all, building trust in the online marketplace is the core vision of Shufti Pro and that is why we want our trial account users to use our KYC verification services without having to share their financial or credit card information with us.

KYC Verification

If you want to sign up for a free trial with Shufti Pro, you will be able to choose any set of KYC verification that you want to try, even if you do not plan to use it in your future partnership with Shufti Pro. You can opt to perform individual KYC checks for each verification service or can even opt to combine all our authentication services in 1 single KYC check.

Supported documents category remains unchanged with Shufti Pro Trial account as well, so that our worthy customers can check our claim of providing Document Verification services for ID Cards, driving licenses and passports issued by 225+ countries and support for 150+ official languages.

AI-Based Services

All the KYC services offered by Shufti Pro in trial period are fully automated and verification results are vetted by our state of the art AI in order to make sure that no facial spoof attack or tampered document can be used for verification. The technology available to our regular customers will be at disposal of our Trial account users as well.

Shufti Pro has made sure that its AI technology is quick at detecting doctored documents not only through textual data displayed on the identity documents but through other crucial features as well. For example, MRZ code of passport is also checked by Shufti Pro in order to verify that only an authentic passport is used to verify the identity of a user.

Feature Rich Back Office

Trial Account Users will be given access to Shufti Pro Back office as well so that they can check the verifications performed by Shufti Pro on their behalf. Real-time results are displayed in Back Office and an analytical approach helps our users to understand the KYC verifications performed by Shufti Pro. Trial users will be able to get not only real-time updates about verification statuses of their customers but the reason for declining a verification request will also be displayed against declined results.

Proof of verification will also be displayed not only for declined verification requests but for verified requests as well. Country of origin and other vital information will also be displayed to understand the trail users about the origin of verification traffic. Not to mention that the date and time of verification will also be mentioned against each verification request.

GDPR Compliance

Shufti Pro is a fully GDPR compliant service provider. It means that we fully understand our responsibility as per the guidelines defined under GDPR. All the data collected during the verification process is kept secure under strict data protection protocols. Additionally, even if after the expiry of the trial period, the user account and the information used for verification will remain to save with Shufti Pro and can be deleted upon request. The data collected during KYC verification or Identity authentication will never be used for any other purpose by Shufti Pro or any other third party.

So, in case you want to run a trial of how beneficial Shufti Pro can be for your business and how it can secure you from identity theft, stolen financial information and other digital scams, then Sign Up for our 15-days Free Trial period. We assure you that it will totally change your opinion about KYC services and will be surely worth the effort. You can sign up for our free trial version by filling out the trial account form here or can contact our sales team directly to have your trial account customized according to your individual needs.

Web Summit Nov 2018

Shufti Pro attended Websummit 2018

LISBON, PT – (November 8th, 2018) – In under a decade, Websummit has grown its audience from a seemingly small number, i.e. 400, to a massive gathering of over 60,000 attendees. This year, Shufti Pro was one of the many intellectuals, tech geeks, visionaries, dreamers and doers, all collected at one place.  

 

In the span of 3 days, we managed to connect to a large number of fellow tech companies, people from different factions of the industries, like banking, payment processing, app development, and many more. Victor Fredung, CEO of Shufti Pro, represented the company at the Websummit ‘18 and managed to get in touch with like-minded professionals, gather information on potential partnerships, chatted with prospective clientele and formed new alliances that are bound to take Shufti Pro at a different level.

 

A huge success, Websummit 2018 brought together a large number of entrepreneurs, business and software developers, engineers, innovators and FinTech enthusiasts from all around the globe. The opportunity for a substantial exchange of ideas, information and knowledge was definitely brilliant, and the buzz and excitement from the summit are likely to help participating organizations transform their technology, businesses and also, their lives.

Mistral Pay turns to Shufti Pro for KYC and AML Compliance services

Shufti Pro has joined hands with Mistral Pay to provide KYC and AML Compliance services to this Malta based payment gateway company. With main customer base located in European Union, Mistral Pay offers personal accounts as well as Merchant accounts to enable ecommerce business.

The collaboration between the 2 tech giants is based upon their mutual resolve of making online marketplace free of fraud and providing top-notch user experience to potential online shoppers. Because of its specific line of work, Mistral Pay was in need of an ID services provider that can verify the credentials of users to avoid the headache of cashbacks. This was becoming a major concern for Mistral Pay in an increasingly user-centric ecommerice world. Artificial Intelligence based KYC services of Shufti Pro proved to be a perfect match for the rigorous demands of ecommerce payments. Shufti Pro offered Mistral Pay to perform each document verification process in 30-60 seconds. The verification services suite of Shufti Pro also included AML compliance, that was another major requirement for Mistral Pay, as they wanted to avoid being subjected to unnecessary regulatory oversight.

CEO of Shufti Pro, Mr. Victor Fredung explains the partnership between the 2 companies in following words:

Shufti Pro is honored to be working with a client like Mistral Pay that is offering seamless payment services to such a large number of individuals as well as businesses at the same time. Our team of experts sat down with Mistral Pay executives and came up with practical workflows to not only ensure the validity of user credentials but to make the process entirely hassle free for end users”

Mistral Pay targets to make ecommerce payments easier for its users and Shufti Pro intends to make that resolve of its partner, a success story. Shufti Pro’s customization and support for large number of documents – especially European documents – will really help Mistral Pay to perform KYC authentication before bringing customers onboard their payment gateway.

GDPR Compliance was also a major factor for Mistral Pay in their decision to select Shufti Pro as their partner company for KYC and AML Compliance services. Non-compliance to GDPR could have caused million of dollars in regulatory fines to Mistral Pay but Shufti Pro has already ensured that its services are GDPR compliant which also safeguards Mistral Pay from any impending regulatory fine, in lieu of data collected for KYC or AML compliance

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About Shufti Pro

Shufti Pro is an emerging name in identity management and KYC/AML. It was founded on 31st October, 2016 in Bath, UK. The goal of the company is to enable its clients with seamless customer experience, fraud prevention and undeterred revenue generation. The company offers state of the art SaaS, which engages Artificial Intelligence and Human Intelligence. Businesses can now conduct easy digital verification processes with lesser friction and more advanced technology. Currently offering its services for all countries of the world along with Universal Language Support, the company is located in United Kingdom with its global office in Sweden. Please visit Shufti Pro here.

Shufti Pro Limited

info@shuftipro.com

190 Englishcombe Ln, Bath, United kingdom

About Mistral Pay

Mistral Pay is a Malta based payment services provider that is enabling online businesses in conducting e-commerce without worrying about payments and transactions. Accepting payouts from various means and payment modes, Mistral Pay is primarily used by ecommerce businesses based in European Union as third party payment gateway.

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