Know Your Customer (KYC): AI-powered KYC Verification for Seamless Onboarding

KYC presents complex compliance and onboarding challenges

An effective KYC verification process adheres to complex and ever-changing regulations designed to prevent money laundering and fraud. This process requires continual updates to verification methods and the integration of advanced technology to meet regulatory standards. Implementing KYC processes incurs high costs and demands ongoing management of large amounts of data to ensure accurate verification and monitoring. Businesses must balance these thorough KYC checks with a smooth customer experience, which can be difficult and costly.

Traditional KYC also slows customer onboarding, causing potential dissatisfaction and loss of business. Manual checks are slow and error-prone, while automated systems need significant investment and regular updates to counter advanced fraud tactics.

Companies must create efficient, reliable, and user-friendly digital KYC processes that both minimize friction and enhance security. Navigating these challenges is essential to maintaining customer trust, achieving business goals, and turning compliance into a competitive advantage.

Elevating your KYC process with
advanced AI technology

Ensure compliance in real-time with Shufti’s KYC/AML solutions

Shufti delivers real-time KYC verification through our platform's AI-driven technology. We continuously screen adverse media databases, Politically Exposed Persons (PEP) lists, and sanctions watchlists. Our platform authenticates documents like passports, driver’s licenses, and national ID cards, ensuring compliance with global KYC and AML regulations. With a reach spanning over 240 countries and territories and 150+ languages, we ensure you can verify customers globally, mitigating the risk of financial crime.

Onboard customers quickly and manage your costs

Our intuitive, no-code journey builder allows businesses to customize the verification process, leading to customer satisfaction rates of 98%. Advanced features like multilingual OCR data extraction and real-time identity checks ensure a seamless onboarding experience. With Shufti, you can streamline KYC processes, reduce costs, and enhance security, making KYC onboarding a genuine competitive edge.

Reduce fraud with powerful IDV solutions

Shufti’s powerful IDV solutions help companies seamlessly prevent a wide range of fraudulent activities and streamline customer verification. Our comprehensive tools include face verification, document verification, and due diligence forms, all of which strengthen accuracy and help eliminate identity fraud.

How our KYC process 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 also 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. We also perform continuous AML screening against global lists, watchlists, PEP lists, and adverse media databases to uphold multiple regulatory standards.

Screen transactions

Shufti employs AI-enhanced device fingerprinting technology to identify devices in real-time. Customer accounts are also protected with an additional layer of data (such as a unique device ID) to validate the identities

Integrating advanced
technologies for accelerated KYC

Document Verification

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

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Facial Biometrics

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

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eIDV

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

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User risk assessment

Evaluate customer risk factors with customized models to determine the optimal level and types of identity verification.

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User AML screening

Check applicants against 1700+ global watchlists using both search- and document-based methods.

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