Crypto

Onboard more users with intelligent identity verification (IDV) and stay compliant with advanced AML screening

Build a loyal customer base while meeting cryptocurrency (“crypto”) industry regulatory requirements using Shufti's advanced IDV solutions. Our platform supports Anti-Money Laundering (AML) and Know Your Customer (KYC) processes with industry-leading innovation.

Managing exponential growth and security

The challenge of Identity verification in crypto

The crypto industry generates immense wealth potential, as well as significant identity verification (IDV) challenges. Companies in this exciting new market face difficulties onboarding new customers, battling fraud, verifying user identities, and adhering to a rapidly evolving international regulatory landscape.

Criminals also exploit vulnerabilities during the identity verification process in multiple ways, such as compromising user devices, using deepfakes, and falsifying data. International regulatory bodies address the threats posed by bad actors with a byzantine (and often-changing) regulatory compliance structure that can lead to penalties for companies that do not adhere to the regulations.

Each of these challenges is formidable on their own, but taken together, they can be insurmountable for businesses that want to thrive within the crypto market space.

Break through industry
challenges to achieve your
organization’s full potential

Ensure regulatory compliance with Shufti’s AI-powered AML screening

Shufti’s AML monitoring ensures companies stay compliant with the latest laws and regulations. We continuously screen adverse media databases issued by the Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), United Kingdom’s HM Treasury (HMT), among others. Shufti also screens Politically Exposed Persons (PEP) lists, sanctions lists, and watchlists. Shufti also screens Politically Exposed Persons (PEP) lists and sanctions watchlists. AML screening is continuous and comprehensive; Shufti makes sure you will never be caught off-guard by new regulatory requirements ever again.

Increase conversions in the exciting crypto market with Shufti’s rapid onboarding

Shufti’s user interface is also fast and fluid, typically completing the onboarding process within seconds. Additionally, an intuitive, no-code journey builder allows businesses to customize the crypto verification process, leading to customer satisfaction rates of 98%. The end result is a faster and more secure onboarding process that provides greater customer satisfaction and encourages healthy conversion rates.

Reduce fraud with Shufti’s IDV solution

Finally, verifying customers is the most effective way to combat crypto fraud. Shufti’s powerful IDV solutions seamlessly help companies prevent a wide range of fraudulent activities, streamline customer verification, and capture revenue opportunities. Shufti's multi-layer authentication includes facial recognition, document scanning, and liveness detection to defend against fraudsters attempting to falsify or usurp identities.

How it works

Verify users

Users begin the verification process by uploading documents such as passports, driver’s licenses, and national ID cards. Shufti uses liveness detection, 3D technology, and facial expression analysis to ensure the user is a real person. For countries that require a live KYC session, Shufti makes it easy to create real-time video verification. Shufti makes it easy to reuse stored identity data with multiple verification options (including FastID).

Verify identity data

Shufti’s due diligence forms allow you to collect user data with predefined or custom industry models to ensure regulatory compliance. As part of the verification process, we make it easy to verify a user’s age to Identify minors and restrict their access to protect your business from non-compliance fines. Shufti also extracts address information from multiple documents with sophisticated OCR technology to ensure the accuracy of all provided addresses.

Assess risk

Shufti rapidly evaluates user identities for any associated risks using our AI-driven platform. Our reach spans over 240 countries and territories and 150+ languages, ensuring global verification that checks applicants against 1700+ global watchlists to mitigate fraud.

Verify and monitor investor information

Shufti helps you access global databases to verify investor information –including addresses and business statements. We also continuously screen users against global lists, watchlists, PEP lists, and adverse media databases to uphold multiple regulatory standards using AI-powered AML monitoring.

Unlock opportunity with next-generation capabilities

Document Verification

Use advanced data extraction and AI-powered verification to process 10,000+ document types worldwide rapidly.

View Product

Facial Biometrics

Leverage advanced facial mapping and deep fake detection for secure customer identity confirmation and authentication.

View Product

eIDV

Verify customers remotely and paperlessly using e-IDs checked against government databases for quick, accurate results.

View Product

Business AML Screening

Screen businesses against PEP lists, sanctions watchlists and monitor media databases to support know your vendor, trader, or supplier requirements.

View Product

Investor Verification

Quickly and accurately vet investor identities and credentials to establish trust and achieve compliance with AML and CFT directives.

View Product

Transaction Trust Screening

AI-driven decision-making empowers companies to deliver low-friction interactions, ensure compliance, and confidently conduct high-value transactions.

View Product