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

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

__________

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.

ONTology Signs MOU with Shufti Pro

Shufti Pro signs MOU with Ontology for Technical Collaboration

BATH, UK – (October 11th, 2018) Shufti Pro has recently signed a Memorandum Of Understanding (MOU) with Ontology to work together for KYC and AML integration. Both these companies will collaborate to provide digital identity services all the while building on the trust ecosystem established by Ontology.

Ontology is a digital identity firm that has formulated a blockchain based distributed identity network. ONT IDs from Ontology support individuals, businesses, assets, objects, and affairs to authenticate and verify themselves in this digital age. The distributed identity network allows its users to create multi-factor identity portraits that can be verified, certified and used for identity verification on multiple platforms. On the other hand, Shufti Pro tends to verify digital ends of a person’s identity using a hybrid of Artificial and Human intelligence. It provides real-time verification results for a large number of solutions and services provided for digital identity verification.

Shufti Pro and Ontology shall work together to develop and refine digital identification tools that will enable businesses for online fraud prevention and identity theft protection. The MOU stipulates that both companies will work to provide compliance ready solutions for KYC and AML solely based on Ontology blockchain network. This joint collaboration will also focus on improving the overall accessibility of digital identification services into various markets across the globe.

Ontology’s Co-Founder Andy Ji explained the importance of this joint collaboration in the following words:

“The emergence of blockchain technology creates opportunities to discover potential and promising solutions. Ontology is pleased to begin this journey with Shufti Pro, combining blockchain technology with identity verification services, providing a blockchain-based end-solution for KYC/AML services”.

Speaking on the cooperation, Victor Fredung, CEO of Shufti Pro, said: “We are pleased to be starting our partnership with Ontology. We believe that the combined use of new and innovative blockchain technology with cutting-edge ID and identity verification technology is a powerful combination for global business operations.”

The MOU states following principle avenues of joint collaboration between the two companies for future:

  1. Ontology will provide technical expertise and consultation on Distributed Ledger Technologies.
  2. Both parties will collaborate in the development of KYC/AML solutions on the Ontology distributed blockchain network infrastructure
  3. Joint PR and marketing promotion of products and services.

This joint partnership between the two tech companies will usher in a new era of technological advancement in the field of digital identity verification services. With an aim of making the online marketplace secure against identity frauds, frequent cash-back requests and users with fake financial information, Shufti Pro has taken steps for superior customer service and top-notch data security.

About Shufti Pro

Shufti Pro is an emerging name in ID verification services. It was founded on 31st October 2017 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 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.

Please visit Shufti Pro here.

Shufti Pro Limited

info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Ontology

Ontology is a diverse, integrated, distributed trust network and the infrastructure for building a trust ecosystem. Ontology encourages trust cooperation and allows projects of all shapes, sizes, and technologies with different business scenarios and compliance requirements to pass through Ontology’s chain networks and take advantage of the distributed trust network how they see fit.

Shufti Pro Partners With nOS

nOS picks up Shufti Pro to conduct KYC for its ICO

Bath, UK (Oct 11th,  2018) nOS has chosen Shufti Pro as its partner to perform KYC verification and AML screening for upcoming ICO of its utility token by the name of nOS Token. Shufti Pro promises greater scalability and transparency for the investing partners of this blockchain based operating system.

nOS is basically a virtual operating system, that can be considered a hybrid of both an app store and web browser. It will have decentralized applications with open and transparent code running on NEO blockchain. The need for an identity verification product arose from the working principle of the entire venture. The owners of Utility tokens will give rise to an NEO smart economy which means that they will gain voting powers on the nOS platform. Developers of customer-friendly applications and contributors to the blockchain based OS environment will also be rewarded with utility tokens, creating loyalty among users and developers alike.

AML Compliance was the first concern for nOS executives as they wanted to engage a user base that was devoid of any financial risk. They also wanted a KYC verification system and AML compliance solution that utilized both artificial and human intelligence to reduce false positives. These specific requirements led nOS to Shufti Pro that was fully equipped to carry out all these tasks for its customers. GDPR compliance of Shufti Pro guaranteed that all the data collected for KYC verification and AML screening was according to the guidelines of EU. This also safeguarded the blockchain based venture from unwarranted regulatory penalties.

CEO of nOS , Mr. Dean van Dugteren, elaborated the importance of the partnership between the 2 companies in following words

“nOS aims to provide simplicity in terms of development and interaction for decentralized applications and games. What we noticed with Shufti Pro is that they clearly employ that same philosophy of keeping things simple, for developers and users alike. Shufti Pro’s APIs are easy to use, the platform support is great, and the back-end office is clear and visually pleasing.”

He also said that “I believe that Shufti Pro is doing things right and are leading the way as a digital KYC provider. For both traditional start-ups, and the blockchain industry.”

Mr. Victor Fredung, CEO of Shufti Pro, said on the occasion:

Shufti Pro is an innovative identity verification product offering multiple solutions for KYC verification and AML Compliance. The task to perform KYC verification and AML Screenings for an ingenious product like nOS was really exciting for us. All the concerns and queries of nOS management were fully addressed to make their upcoming token sale a success story. Due process was followed in the testing phase as well as the integration process to make the ICO of nOS token transparent and successful”

Shufti Pro will provide real-time results for KYC verification and AML screenings performed for investors interested in buying nOS tokens. Document verification will be provided by Shufti Pro in addition to document issue and expiry date verification. Shufti Pro will also play a pivotal role to take this ICO global as it has Universal Language Support which enables it to identify and verify the credentials printed on an identity document, regardless of the language in which those credentials are published. The country restricted feature from Shufti Pro is also integrated into KYC services offered to nOS ICO as they are not allowing token sale in China and USA.

About Shufti Pro

Shufti Pro is an emerging name in ID verification services. 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 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.

Please visit Shufti Pro here.

Shufti Pro Limited

info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About nOS.io

nOS is a full-stack solution for decentralized application development, deployment, discovery, and interaction. It describes itself as a Virtual Operating System due to the distributed services it aims to offer for both developers and end-users. Think of nOS as an app store and web browser, a virtual operating system, with the ability to access a new, decentralized internet. On this new internet, apps work transparently and openly.

On nOS, applications and websites can be deployed in a completely open and decentralized manner by integrating smart contracts, client-side code, and public-key cryptography. Unlike server-side backend code, smart contracts can be open for all to read, allowing users to review how their data will be transmitted before any final commitments to action.

 

Shufti Pro partner With Flexentral

Flexentral joins hands with Shufti Pro for KYC & AML

BATH, UK – (October 8th, 2018) Shufti Pro has partnered with Flexentral to provide its next-generation KYC and AML compliance services to this blockchain based company. Flexentral is basically a developer and publisher of a digital platform software that intends to simplify work management and make it flexible for managers and workers. Shufti Pro is an AI-based end-to-end identity verification SaaS product that offers multiple validation services to its customers.

Flexentral tends to introduce a harmonized platform where digital advancement of the modern age are utilized to make project management and task completion hassle-free for users. In doing so, it covers the entire work cycle starting from the recruitment of employees, leading to contracting and eventually resulting in payment at the completion of the assigned task. Powerful analytics tools are also part of the product so that project managers can get a visual brief about worker performance and progress they have achieved in light of payroll paid to workers.

To put it simply, Flexentral wanted to cater 2 categories of users: one who needs work done and the other that can do that work. But creating a reliable platform where trust dictates the terms of engagement led Flexentral on a search for a reliable KYC partner. Due to its blockchain based technology, in-app payments to workers from managers were also required to be made in a cryptocurrency. “Grain” was chosen as the token currency to pay for the services rendered by workers for managers on this digital platform. To ensure honest and transparent transactions, AML compliance was also necessary. The search of Flexentral concluded with Shufti Pro that promised similar flexibility as was desired by the European tech company. Shufti Pro can perform real-time KYC verifications with AML screening checks being performed in the background.

Talking about the collaboration between the 2 companies, CEO of Shufti Pro, Mr. Victor Fredung, said:

We were impressed by the business model of Flexentral as it had a lot of things common, in principle, with Shufti Pro. We are all for transparency and trust. Same was the intention of folks at Flexentral. Teams of experts from both companies shared ideas and worked diligently to integrate KYC verifications and AML checks from Shufti Pro into the digital platform from Flexentral”

Shufti Pro is already a GDPR compliant product which further made the decision easier for Flexentral to opt for this AI based ID verification product. Data security and usage of personal data for an explicit purpose were already clearly defined as per GDPR guidelines ensuring that Flexentral will not encounter any unnecessary compliance issues or monetary fines. The integration process was flawless as Shufti Pro maintains an updated API and SDK integration documentation.

About Shufti Pro

Shufti Pro is an emerging name in ID verification services. 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 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 United Kingdom with its global office in Sweden.

Please visit Shufti Pro here.

Shufti Pro Limited

info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Flexentral

Flexentral envisions an open, honest and transparent labor economy, servicing tasks and work with a platform providing instant insight in compliance, diversity and budget.

Shufti Pro partners with vconnect

Vconnect to verify new businesses on its platform via Shufti Pro

BATH, UK – (October 8th, 2018) Vconnect, an online marketplace to connect businesses and consumers, will be verifying new businesses on their platform with the help of identity verification services of Shufti Pro. Vconnect will also be using Hosted Verification Page – also known as HVP – feature from Shufti Pro to perform KYC verification of new businesses applying for listing on their website. Shufti Pro offers AI based identity verification services to its clients, with verification results further corroborated by Human Intelligence.

Vconnect is an SME-tech startup based in Lagos, Nigeria. With features like “request a quote”, “message the business”, reviews, photo uploading and business listing, Vconnect creates a virtual connection among businesses and consumers searching for any kind of business or service from the comfort of their home. With a focus to build a relation of trust with their consumers and to safeguard these users from fraudulent business entities, Vconnect wanted to engage a truly innovative identity verification service. They wanted to make sure that businesses and services provider signing up on their platform, must be reliable and should have genuine credentials.

   Shufti Pro was selected by Vconnect for a variety of reasons but the option of Hosted Verification Page stood out especially for the Nigerian startup. It promised greater control of KYC verification to Vconnect and they were able to decide what kind of information was collected to perform a KYC verification. It also allowed for more seamless experience for businesses registering on to their platform. Talking about the collaboration between the two companies, CEO of Shufti Pro, Mr. Victor Fredung said that:

Usually we have customers that want to perform KYC verification for a global clientele but Vconnect wanted to verify local businesses. We were really excited to work with the team of Vconnect, given the kind of repute this startup has generated for itself on the regional and international level, despite having a business model that primarily caters to a local user base.

Commenting on the option of HVP opted by Vconnect, Mr. Fredung said that

We are the only identity verification service provider in the world offering this feature. Our tech team worked closely with Vconnect executives and made sure that each of their requirement is fulfilled in the designing of HVP. Support for both backend and frontend development of HVP was coordinated with Vconnect and we are sure that service delivery standards of Vconnect will surely get a huge boost because of HVP option from Shufti Pro

Shufti Pro offers proof of verification in its back office that will enable Vconnect to receive real-time analytics about the status of verifications being performed prior to business registration. Video and pictorial evidence will give an appropriate idea to Vconnect why a potential business was verified or even declined to be verified by Shufti Pro.

About Shufti Pro

Shufti Pro is an emerging name in ID verification services. 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 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.

Please visit Shufti Pro here.

Shufti Pro Limited

info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Vconnect

A Lagos-based homegrown SME-tech startup that is transforming how businesses access their markets and how customers find and engage with local businesses. Vconnect connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact.

Vconnect also provides businesses of all sizes in Nigeria with a range of free and paid services that help them engage with consumers and build loyalty.

Web Summit 2018

Catch a Live KYC Demo of Shufti Pro at Web Summit 2018!

BATH, UK – (October 4th, 2018) Shufti Pro is really excited to be a part of the upcoming Web Summit 2018 that will be held from November 5-8, in Lisbon, Portugal. Hailed as “The Largest Tech Conference in the World”, Web Summit 2018 is the place to be if you are interested in the latest trends of the tech world. Shufti Pro will be showcasing its various solutions and services related to Identity verification, KYC and AML Compliance. It will be a perfect platform to get acquainted with new features and services launched by Shufti Pro in recent months. Services like Biometric Consent Verification and integration of OCR-based data extraction technology will be highlights of this AI-run SaaS product at the Web Summit this fall.

Last year, more than 18 million people tuned in to Facebook to watch the live streaming of Web Summit. This year, more than 2500 media outlets will be attending the Web Summit from more than 100 countries. This 4-day huddle – called “A grand conclave of tech industry’s high priests” by The New York Times – will be held in Altic Arena of Lisbon that is among the largest indoor arenas in the European Union.

Shufti Pro is no stranger to such high-octane events as it has previously attended various other conferences of similar nature in different parts of the world. With stand out features like Universal Language Support and Hosted Verification Page, Shufti Pro has already attracted attention from major businesses around the globe. Shufti Pro will be giving live demos of its real-time verification results for KYC verification and AML screening at Web Summit 2018. We invite you to visit our stall and see for yourself how the next chapter in identity verification services looks, as we introduce the world to a future where online marketplace will be free of online frauds, identity thefts, unwanted financial risk and scamming individuals. Take a trial run of how AML checks by Shufti Pro work, with the help of a large data bank. A Data bank, that contains data from 1000 Watchlists, FATF defined PEPs and +3000 databases maintained by world’s largest watchdogs like OFAC, ASIC, FSA, and FCA to name a few. You can even witness our consent verification service in action at Web Summit 2018 as Shufti Pro’s bespoke Artificial Intelligence identifies and verifies your hand-written consent note.

Pay us a visit and our representatives will be happy to walk you through the process of effortlessly integrating Shufti Pro with your existing applications, software and web portals through our RESTful API, Android and iOS SDKs.

We look forward to meeting you at the biggest tech conference of the year. 

You can also send us an email to book a demo for yourself at Web Summit 2018. Feel free to reach us at: victor@shuftipro.com.

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