aapr

Team Shufti Pro Sets the Stage for Automated KYC/AML Verification at Money20/20 Europe

Originally Published at PR Log

Shufti Pro, the global ID verification provider that recently won two International Business Awards, has announced its attendance at Money20/20 Europe from 21-23 September 2021. 

Victor Fredung, the CEO of Shufti Pro, along with Kristina Zakharchenko (Head of Sales & Business Development), Hanna Kyrpychova (Regional Sales Manager), and Laura Newman (European Sales Manager) will be attending Money20/20 Europe at the RAI Exhibition and Convention Centre in Amsterdam (Netherlands).

All four representatives have extensive experience in the fintech and startup ecosystem, with a particular focus on ID verification, KYC, and AML.  “Happy to say that Shufti Pro will be exhibiting at the upcoming Money20/20 in Amsterdam this year. Hopefully, there won’t be any last-minute travel restrictions and anyone that wants to meet up to discuss automated #KYC feel free to reach out or come by our stand A30”, stated Fredung. 

Money2020, Europe’s largest fintech and payments events, will feature 4000+ industry leaders, C-level executives, renowned speakers, and innovators who are playing a key role in the disruption of the fintech sector. 

At this year’s event, the Sweden-based fintech expert, Victor Fredung, who has 10+ years of industry experience, will be highlighting the significance of automated KYC and AML verification in today’s financial landscape. 

With global regulatory authorities introducing stringent KYC and AML verification protocols for FIs, compliance with these standards has become inevitable for long term survival. Shufti Pro has been streamlining the IDV and compliance needs of numerous industry sectors since its inception in 2017, including finance and banking, healthcare, blockchain and crypto, travel, and more. The services provided by the company include but are not limited to KYC, AML screening, biometric authentication, NFC verification, and Video KYC. 

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have an accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be an ideal solution for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. 

pressrelaese

Meet CEO of Shufti Pro Victor Fredung at Money2020 Europe

Originally Published at PR.com

Victor Fredung, CEO of the global ID verification service provider Shufti Pro, will be attending Money20/20 Europe, which is taking place in Amsterdam from 21 to 23 September 2021.

The largest fintech and payments conference in Europe, Money2020, brings together visionaries and fintech disrupters: the people who built the ecosystem, and the people who are stirring change and challenging it. The conference agenda, speaker line-up, and themes can be viewed from their website.

At this year’s event, businesses seeking to defend themselves against identity and financial fraud can have a one-on-one discussion with Victor Fredung and the team behind Shufti Pro; Kristina Zakharchenko (Head of Sales & Business Development), Hanna Kyrpychova (Regional Sales Manager), and Laura Newman (European Sales Manager).

“Happy to say that Shufti Pro will be exhibiting at the upcoming Money2020 in Amsterdam this year. Hopefully, there won’t be any last-minute travel restrictions and anyone that wants to meet up to discuss automated #KYC feel free to reach out or come by our stand A30,” announced Fredung.

Victor Fredung, a Sweden-based fintech expert with around 10 years of industry experience, was appointed as the CEO of Shufti Pro in 2017. Under his leadership, the global SaaS provider expanded its operations to 230+ countries and territories, opened 4 regional offices, and won numerous awards for its AI-powered KYC and AML verification services. These include the Global Business Excellence Award, Best in Biz Award, Product Leader Award, Global Banking and Finance Awards 2021, and Gold Prize in the International Business Awards® 2021. The company also became a CyberTech 100 company in 2021.

The 2021 edition of Money20/20 Europe will be taking place at the RAI Exhibition and Convention Centre in Amsterdam (Netherlands). To learn more about KYC, AML, and compliance solutions, have an exclusive discussion with Victor Fredung at stall number A30, or get in touch through Shufti Pro’s website.

About Shufti Pro

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have an accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations.

pr-featured

Find Shufti Pro at Money20/20 Europe

Originally Published at Pr.com

08 September – London, UK – Shufti Pro will be attending Money20/20 Europe – the biggest FinTech event of 2021. 

The 2021 edition of Money20/20 Europe will be taking place between the 21st and 23rd of September 2021 at the RAI Exhibition and Convention Centre in Amsterdam (Netherlands). The premier fintech discussions and conferences will feature 1000+ industry leaders, C-level executives, renowned speakers, and innovators who are playing a key role in the disruption of the fintech industry. 

This year, Shufti Pro is set to attend the event in Amsterdam to highlight the significance of artificial intelligence, automated solutions and KYC verification for global organizations. Currently, the company is catering to the IDV needs of businesses in numerous industry sectors, namely finance and banking, healthcare, blockchain and crypto, education, government, social media, and more. The services it provides include but are not limited to KYC, AML screening, biometric authentication, NFC verification, and Video KYC. 

“Happy to say that Shufti Pro will be exhibiting at the upcoming Money20/20 in Amsterdam this year. Hopefully there won’t be any last minute travel restrictions and anyone that wants to meet up to discuss automated #KYC feel free to reach out or come by our stand A30” stated CEO of Shufti Pro, Victor Fredung. 

Fraudulent players frequently attack data-sensitive companies to commit identity theft, money laundering, and other financial crimes. Shufti Pro is helping companies curb such threats since its inception in 2017 by providing AI-powered automated KYC solutions to customers in 230+ countries and territories.  

Visit Shufti Pro’s website for more information. 

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have an accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. 

For more information:

Damien Martin,

Marketing Executive

Shufti Pro

damien.martin@shuftipro.com

+44 1225 290329

pr

Shufti Pro to Attend Sopra Banking Summit for Highlighting the Future of IDV in FinTech

Originally Published on PR Log

03 September 2021, London, UK – Sopra Banking Software (SBS), a global leader in financial technologies, will be holding its first Banking Summit from October 18 to 22, 2021.

The week-long global Summit will feature 1,500 financial institutions and 100+ FinTech companies from 80 countries. Shufti Pro, (https://shuftipro.com/), the emergent leader in the identity verification industry, will also be attending the Summit along with other prominent names to engage in dialogue about the role played by AI-powered identity verification solutions in the FinTech industry. 

The Sopra Banking Summit will include 45+ sessions on 5 different categories, namely digital banking, payments, automotive lending, digital lending, and a broader stream that covers relevant market topics such as Cloud, financial inclusion, and cybersecurity. Attendees will have the chance to get involved in the banking industry’s most critical issues. 

The virtual sessions will be held in various formats, including general discussions, roundtables, demos and workshops, where 25+ key industry leaders will be sharing their strategic vision on the future of the FinTech sector. Sopra Banking clients will also have the opportunity to avail one-on-one meetings with both the C-Level and innovation teams and premium access to product roadmap presentations.

“We believe that the future of finance is collaborative. And we’re excited to bring together a diverse group of experts to share insights and plans for the future”, states SBS. 

The company also hopes to conduct physical events such as in-person workshops and private dinners across the globe, provided the current health emergency is normalised. 

About Sopra Banking Software

Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 46,000 employees, the Sopra Steria Group generated a turnover of €4.3 billion in 2020. 

About Shufti Pro

Shufti Pro is a global identity verification services provider. It offers digital KYC, KYB, AML and face verification services globally. It leverages human intelligence and artificial intelligence in its technology to provide highly effective and accurate services. Shufti Pro verifies identities within seconds on average, with 98.67% accuracy. It has verified users in 230+ countries and territories. 

For more information, contact:

Damien Martin

Marketing Executive

Company Name: Shufti Pro

Contact Number: +44 01225290329

pressrelease

Shufti Pro Bags Nomination of the People’s Choice Stevie® Awards for Favorite Companies

Originally Published at PR Log.

CANARY WHARF, U.K. – Aug. 24, 2021 – Shufti Pro has been nominated in the 2021 People’s Choice Stevie® Awards for Favorite Companies – a feature of the International Business Awards (IBA), the world’s only international, all-encompassing business awards program which is now in its 19th year.

Created in 2002, Stevie® Awards are the world’s premier awards that recognize and honour the achievements and positive contributions of businesses across the globe. This year, the 2021 IBAs received a pool of 3,700 entries from organizations in 65 nations and territories, where Shufti Pro won two awards for its remarkable services amidst COVID-19.

Following the win of Gold and Bronze Prizes in the category “Company of the Year” at the International Business Awards, Shufti Pro has become eligible to be included in the voting for the People’s Choice Stevie Awards 2021.

To vote for Shufti Pro, visit http://peopleschoice.stevieawards.com and input the Short Code: S613T

Voting, which is open to the public worldwide, will be concluded on the 1st of October 2021 at 11:59 pm Eastern Time. The company that receives the most votes in this category will also be rewarded with a crystal People’s Choice Stevie Award trophy. 

Shufti Pro is a globally acclaimed identity verification service provider that allows businesses to safeguard themselves against the threats of identity and financial fraud. Services offered by Shufti Pro include biometric verification, KYC verification, AML screening, age verification and address authentication, to name a few.  

“This nomination has motivated team Shufti Pro to strive even harder towards delivering seamless identity verification solutions to our global customers,” commented Victor Fredung, CEO and founder of Shufti Pro. 

The company was recently named on the list of the World’s 100 Most Innovative CyberTech Companies for Financial Services, and also won two awards at the Global Banking and Finance Awards 2021. Last year, it won the Best in Biz award for providing unmatched consumer service and a Global Excellence Award for outstanding product/service. 

About Shufti Pro

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based identity verification services have a remarkable accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven itself to be ideal for eliminating the risk of digital identity and financial frauds faced by businesses. 

For more information:  

Damien Martin,

Marketing Executive

Shufti Pro

damien.martin@shuftipro.com

+44 1225 290329

Press-release

Shufti Pro Wins Gold and Bronze awards for “Company of the Year” at the 2021 International Business Awards

Originally Published at PR Log

London (August 23, 2021) – The 2021  International Businesses Awards (IBA) program has named Shufti Pro the winners of two Stevie awards under the ‘Company of the Year’ category. The global identity verification service provider, Shufti Pro, has bagged a Gold Prize in the category Company of the Year for “Computer Services – Small” and a Bronze Prize in the “Financial Services – Small” category. 

Created in 2002, Stevie® Awards are the world’s premier awards that recognize and honour the achievements and positive contributions of businesses across the globe. The 2021 IBAs received a pool of 3,700 entries from organizations in 65 nations and territories, where Shufti Pro won two awards for its remarkable global services amidst COVID-19.

The winners of the Stevie Awards were determined based on the average scores of more than 260 innovators, executives, business educators and entrepreneurs worldwide that participated in the judging process from June through early August. The wide range of categories included Best Company, Marketing Campaign, New Product or Service, Startup, Corporate Social Responsibility Program, and Executive.

“It feels great to see the world recognizing the efforts made by Shufti Pro in securing businesses against emerging threats of financial and identity crimes,” stated CEO of Shufti Pro, Victor Fredung, “We are successfully leveraging state-of-the-art technology to elevate identity verification and authentication requirements for our clients around the world, and will continue to meet customer demands and expectations in the future as well”.  

The 2021 International Business Awards® will be presented to Shufti Pro in a virtual awards ceremony to be held on December 08, 2021.

Shufti Pro was recently named on the list of the World’s 100 Most Innovative CyberTech Companies for Financial Services, and also won two awards at the Global Banking and Finance Awards 2021. Last year, it won the Best in Biz award for providing top-quality consumer services, and a Global Excellence Award for outstanding products/services. Within merely 3.5 years of its inception, it has now expanded across five countries including the UK, Dubai, Sweden, Cyprus, and Ukraine, with a global team of AI enthusiasts and fraud prevention experts. 

About Shufti Pro

Shufti Pro Ltd. is an AI-driven identity verification service provider offering solutions in more than 230 countries and territories. The globally acclaimed KYC and AML solutions support more than 3000 ID document types in 150+ languages. Moreover, the solutions offer a market-leading accuracy rate of 98.67% and the best part is, verification takes only a few seconds to complete. 

For more information:  

Damien Martin,

Marketing Executive

Shufti Pro

damien.martin@shuftipro.com 

+44 1225 290329

CEO

CEO Shufti Pro Victor Fredung Speaks at US Congress Hearing on Digital Privacy

Originally Published on Market Watch

London, 26 July 2021 – A congressional virtual hearing was held on the 16th of July 2021 by the US Financial Services Task Force on Artificial Intelligence, examining key points related to digital privacy. 

Speakers at the hearing included experts in the field of digital technology and security. Victor Fredung, the CEO of Shufti Pro, was invited to give his testimony at the hearing and emphasized how Shufti Pro is making the financial structure secure through the use of AI technology for identity verification. 

The hearing entitled “I Am Who I Say I Am: Verifying Identity while Preserving Privacy in the Digital Age” discussed a variety of issues, including the future of digital identity, how best to protect data and digital privacy, making AI more inclusive and diverse, and the use of technologies, such as blockchain. 

At the hearing, Victor Fredung mentioned his support for the “Improving Digital Identity Act of 2020” and explained how a unified framework is needed in the United States due to vast variations in ID document types and regulatory requirements across the country. 

“We strongly suggest the pursuit of a universal framework that each state (in the US) needs to follow when it comes to the selection of ID documents and a unified requirement when it comes to what information needs to be verified and how verification should be performed in all states,” stated Fredung. 

The hearing also highlighted the emerging threat of identity theft in the US, where Rep. Bill Foster stated that the FTC received over 1.3 million complaints related to identity theft from US consumers in 2020. 

Responding to this, Fredung added that since 2017, Shufti Pro has been combating identity theft by utilizing AI and ML models in its identity verification solutions. With the help of document authentication, anti-spoof checks, liveness detection, and optical character recognition (OCR) technology, fraudulent documents and identity thieves are detected with an accuracy rate of almost 99%. 

Fredung further added that while the use of blockchain for data sharing and storage is in its early stages at the moment, “it is definitely something to look out for in the future”. 

DiRoma Eck & Co. LLP., the Washington-based advisory and government relations firm that assisted Shufti Pro in getting the opportunity to speak at the hearing, commended the issues raised by Fredung. “Shufti Pro’s CEO, Victor Fredung, provided the Financial Services Committee with valuable and insightful testimony from the perspective of the AI-powered digital identity verification industry. The U.S. Congress will benefit from Shufti Pro’s testimony as it continues to legislate and conduct oversight of the banking and financial technology industries,” said Michael DiRoma, Co-founder and Partner, DiRoma Eck & Co. LLP.

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have one of the highest rates of accuracy and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. 

For more information:

Damien Martin,

Marketing Executive

Shufti Pro

damien.martin@shuftipro.com

+44 1225 290329

sweeps

Shufti Pro Sweeps Global Banking & Finance Awards 2021 With Two Major Wins

Originally Published at PR Log

CANARY WHARF, U.K. – July 19, 2021 Shufti Pro has won two awards in the “Business Technology” and “Banking and Finance Technology” category of the Global Banking and Finance Awards 2021.

At the Global Banking and Finance Awards 2021, Shufti Pro has been honoured with two awards for providing outstanding digital identity verification services to its customers. 

The first award won is for “Best Digital KYC/Onboarding Application Europe 2021”, the magazine announced. Shufti Pro has been awarded for providing outstanding services to clients through swift onboarding and KYC verification with one of the highest accuracy levels in the European Market.

The European Central Bank (ECB) revealed that payments made across borders but within SEPA equal 43% of total fraud, followed by domestic fraud (35%) and cross-border fraud outside SEPA (22%). Shufti Pro is making its mark in the bloc by safeguarding the financial infrastructure against the increasing threat of ID theft, credit card scams, and other financial frauds.

Earlier this year, the CyberTech 100 company Shufti Pro acquired an end-user satisfaction rate of 92% by enabling rapid customer onboarding and seamless KYC verification. 

Through the use of AI and biometric technology, Shufti Pro’s KYC verification solution authenticates end-users online within a few seconds. Due to its interactive user interface and fully automated processes, the company has been recognized for the key role it has played within the financial community in Europe. 

Shufti Pro has also won the title “Best New Anti Fraud / Security Solutions Provider Cyprus 2021” at the Global Banking and Finance Awards. Headquartered in London, the company has 4 offices spread across the globe, with one located in Cyprus. Through its regional office in Cyprus, Shufti Pro is providing local businesses with highly efficient identity and financial fraud prevention solutions, including face verification, document authentication and NFC verification among others. 

The Global Awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the financial community. The panel awards leading financial organizations based on their accomplishments, innovation, strategy, progressiveness and for motivating changes within the financial sector.

“We are thrilled to hear that our efforts and innovative solutions are being recognized worldwide. These awards make team Shufti Pro strive even harder towards delivering seamless IDV solutions to our global customers,” commented Victor Fredung, CEO and founder of Shufti Pro. 

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have one of the highest rates of accuracy and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. Do you require verification services for secure onboarding of your customers?

Contact sales@shuftipro.com to get on board! 

purefi

PureFi Partners with Shufti Pro to Secure Digital Identities in the DeFi Market

Originally Published on the Digital Journal 

London, 16 July 2021 – Shufti Pro, an AI-based ID verification service provider, has joined hands with PureFi, a highly renowned AML protocol provider for decentralized finances, to safeguard the Decentralized Finance (DeFi) market against the risks of money laundering. 

Statistics reveal that where cryptocurrency hacks and thefts decreased in 2020, money laundering via DeFi is rapidly increasing well into 2021. PureFi has partnered with the emerging leader in the identity verification market to improve the verifiability of end-users and secure the exchange of information. 

Shufti Pro aims to provide PureFi protocol verifiers with industry-leading AML and KYC verification to minimize the risk of onboarding money launderers in the DeFi market.

With the integration of Shufti Pro’s ID verification service, all PureFi users will now have a verified digital identity and will be issued a Verifiable Credentials (VC) certificate by PureFi. VC certificates allow firms to validate information about end-users while protecting their privacy. Shufti Pro will verify the identity of every customer that is onboarded in real-time, allowing PureFi protocol Verifiers – Liquidity Pool Operators and regulators – to independently reference the issued VCs while maintaining the end-user’s anonymity.

After thoroughly verifying each customer against criminal watch lists, Politically Exposed Person (PEP) lists, and global sanctions, the VCs will be issued to the end-users. The certificate can then be used by the users for ID verification without requiring them to scan their ID documents and selfie again.

“We are delighted with our partnership with PureFi for securing the DeFi industry against the recurring threat of money laundering. We are hopeful that our collaboration will strengthen trust, transparency, and AML/KYC compliance in the DeFi community”, stated Victor Fredung, CEO of Shufti Pro. 

Since each digital identity will be verified by Shufti Pro, the verification results will be provided with an accuracy rate of 98.67%. As a result, this will not only encourage a faster rate of customer onboarding, but will also promote AML/KYC compliance in the DeFi market. 

“After observing the rapid evolution of the DeFi market, we decided that now it was the right time to develop a product that will serve as the only legitimate gateway for mass adoption. We are incredibly delighted to become partners with Shufti Pro – it brings us a step closer!” said Slava Demchuk, the CEO of PureFi. 

The solutions provided by Shufti Pro are highly efficient since the incorporated global AML databases are updated every 15 minutes, leaving no chance of false positives. 

In a joint statement, both parties announced that the planned activities will be commenced by mid or end of August 2021.

Need more information? Talk with our experts

attend

Sopra Banking Software Chooses Shufti Pro’s Groundbreaking Identity Verification Solution for Swift and Reliable KYC

July 1 2021,  London UK – Shufti Pro, an AI-powered identity verification services provider today announces that it has joined hands with Sopra Banking Software, a global leader in financial technologies, to provide robust identity verification services to its users. Businesses and financial institutions can now integrate Shufti Pro’s services through the Sopra Banking Software platforms to enhance their business operations tremendously.

Shufti Pro offers award-winning KYC, AML, and KYB solutions to banks and various other enterprises from across the world. With the high accuracy rate of its robust identity verification services, Shufti Pro caters to the regulatory needs of many businesses. By patterning with Sopra Banking Software, Shufti Pro has opened doors for its customers and other partners to choose Shufti Pro’s efficient services for credible fraud prevention and swift customer onboarding. 

Sopra Banking Software builds its solutions based on the latest technologies to support more than 1500 financial institutions across the globe, and help them in their digital transformation. This partnership with Shufti Pro further accelerates digital transformation for their customers and ensures integrity in their business operations. Financial industry partners of Sopra Banking Software can now utilize the state of the art services of Shufti Pro. 

 “With the combined effort of Sopra Banking Software and Shufti Pro’s top-notch identity verification solution, our clients and partners will accomplish streamlining digital customer onboarding, while complying with regulatory requirements. In the long run, it will enable them to drive operational costs down by a large scale with the avoidance of fraudulent access.” commented Guillaume Blot, Chief Digital & Innovation Officer – Senior Vice-President at Sopra Banking Software.

CEO of Shufti Pro, Victor Fredung, speaking about this partnership, “We are proud to join hands with yet another partner. Working with diverse businesses like Sopra Banking Software has always been a great experience. We aim to maintain this partnership by providing reliable and high-quality identity verification and KYC services to various financial institutions present on Sopra Banking Software’s platform for secure and smooth digital transformation”. 

About Sopra Banking Software

Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide.

The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion.

Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees.

Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 46,000 employees, the Sopra Steria Group generated a turnover of €4.3 billion in 2020.

For more information, follow us on LinkedIn, Twitter & Instagram or visit www.soprabanking.com

About Shufti Pro 

Shufti Pro is a global identity verification services provider. It offers digital KYC, KYB, AML and face verification services globally. It uses both human intelligence and artificial intelligence in its technology to provide highly effective and accurate services. Shufti Pro verifies identities within 30-60 seconds on average with 98.67% accuracy. It has verified users in 232 countries and territories. Shufti Pro has been the first of its kind to provide identity verification services that cover a large number of countries.

PR

Shufti Pro Has Been Nominated for the Nordic Startup Awards 2021!

Originally Published on PR Log.

CANARY WHARF, U.K. – June 25, 2021 – Owing to the entrepreneurial spirit of Shufti Pro, the company has been nominated yet again for an award – the Nordic Startups Award Season 2021.

This award is the Nordic version of the Global Startup Awards – the biggest independent startup-ecosystem competition. The mission of this competition is to find, recognize and connect the future-shapers of the digital age from all around the globe.

Shufti Pro has been providing AI-based digital identity verification services to its clients worldwide since its inception in 2016. The company is globally acclaimed for providing fully automated customer identity verification, business authentication, and anti-money laundering screening services with an accuracy rate of 98.67% – that too in less than a minute. Because of constant innovation, cutting-edge technology, and highly satisfied customers, Shufti Pro has become an emergent leader in the global IDV market. 

While Shufti Pro is headquartered in London, it has regional offices in Sweden, Cyprus, Ukraine, and Dubai, enabling the company to meet the growing demand for its digital IDV service.

The nomination for the Nordic Startup Award adds to Shufti Pro’s winning streak this year. The company recently made its way into the World’s 100 Most Innovative CyberTech Companies For Financial Services in 2021 and has also expanded its services into the world’s biggest economies, including the USA, China, Russia, and the UK. Adding to the list, Shufti Pro also bagged the Product Leader Award 2020 and the Happiest Customer Award 2021 for acquiring a customer satisfaction rate of  92%. 

“To say that we are honoured and delighted for being nominated in the Nordic Startups Award 2021 would be an understatement,” commented CEO and Co-founder of Shufti Pro, Victor Fredung. As a startup, we expanded our operations to a global scale and secured 500+ clients within a span of three years.” 

This alone speaks volumes about the efforts Shufti Pro has been making to provide seamless digital identity verification services for its global clients.  

The Grand Finale of the Nordic Startup Awards, which will be held in February 2022, will feature some of the most important startup ecosystem players, such as active investors, startups, corporates, and government representatives, all selected from Denmark, Finland, Iceland, Norway and Sweden. Public voting and regional announcements are set to open on 2nd August. 

For more information on Shufti Pro, visit www.shuftipro.com 

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have one of the highest rates of accuracy and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. Do you require verification services for your customer base too?

Contact sales@shuftipro.com to get on board! 

For more details:
Damien Martin,
Marketing Executive
Shufti Pro
damien.martin@shuftipro.com
+44 1225 290329

date id

DateID’s Customer Acquisition Rate Surges Threefold Using Shufti Pro’s IDV

Originally Published on PR Log

CANARY WHARF, U.K. – June 24, 2021 DateID, a California-based online date-screening platform, availed the ID verification services of Shufti Pro to keep its customers safe from ever-increasing online dating scams. 

By providing real-time identity authentication, easy API integration, and a customer-centric UX, Shufti Pro enabled DateID to onboard customers in a much quicker, safer, and effortless manner. As a result, their customer acquisition rate grew by 300% within two years of using Shufti Pro’s IDV service. 

With the help of AI models, the DateID platform scans the web for critical information on online dating users to build data-rich profiles that are compiled in a searchable database. This allows legitimate online daters to curate their profiles, and receive watermarked photos for use on dating sites. The company is successfully bringing security, transparency, and accountability to the online dating world. 

Commenting on the remarkable results of the partnership, the CEO and Co-founder of Shufti Pro, Victor Fredung stated:

“We are pleased that with our state-of-the-art ID verification solution, DateID has now been verifying users more confidently for the past two years. They needed a well-thought-out service with a user-centric experience that not only provided real-time and accurate information, but on-the-go verification as well.”

The interactive and simple UX allows DateID’s end-users to avoid lengthy verification procedures, and develop a better product understanding, thereby reducing false negatives and the abandonment rate. 

“Shufti Pro’s UX is very well-thought-out compared to some other platforms we tested,” stated Remy Tennant, the founder DateID. 

That’s not all. While DateID was able to multiply its customer acquisition rate using Shufti Pro’s AI-powered ID verification service, they also achieved two other targets: digital fraud rates and false chargeback claims went down significantly. 

To be precise, DateID’s digital fraud rates dropped by 28%, while false chargeback claims dipped by 150% through Shufti Pro’s face and document verification service. Shufti Pro’s digital ID verification products utilize a hybrid technology of human and artificial intelligence to assist businesses in verifying end-users during the onboarding process. There are thousands of AI models that Shufti Pro deploys to provide verification results with an accuracy rate of 98.67%. 

As a result, DateID has become one of the safest platforms to utilize when diving into the online dating space. 

Download Case Study: DateID increases its customer acquisition by 300% with Shufti Pro’s IDV

About DateID

DateID is a California-based software company that promotes safer online dating by screening dates before they actually meet in person. The company launched in 2016 is a pioneer of IDV in the dating industry, having hundreds and millions of existing customers. DateID featured on platforms like Biometric Update, Internet SecurityBuzz and Global Dating Insights due to its groundbreaking ID-centric dating website. They incorporate bank-grade security which requires users to verify their identity documents such as a passport and driving licence paired with a facial recognition scan. 

About Shufti Pro 

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have one of the highest rates of accuracy and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be ideal for eliminating the risk of digital fraud while maintaining regulatory compliance with GDPR and AML/KYC obligations. 

Do you require verification services for your customer base too?

Contact sales@shuftipro.com to get on board! 

cyber

Another Achievement Unlocked – Shufti Pro is Now a CyberTech100 Company

Originally Published on Digital Journal 

Shufti Pro, the global identity verification service provider, has successfully made its way into the World’s 100 Most Innovative CyberTech Companies For Financial Services in 2021

Fintech Global, a specialist research firm, published CyberTech100 – an annual list of 100 of the world’s most innovative CyberTech companies. Shufti Pro has been recognized for its relentless efforts in assisting financial institutions to combat cyber threats such as identity fraud, financial scams and sophisticated spoof attacks. Try Shufti Pro’s solution free for seven days, register here. 

The annual list highlighted the leading innovative providers of digital solutions, where Shufti Pro was acknowledged for shaping the future of the information security and CyberTech industry. 

“I am honoured that Shufti Pro has been nominated in the CyberTech 100 list for 2021. In today’s world where the threat of fraud and cyber-attacks is ever-increasing, having the right tools has become more necessary than ever. This achievement proves that Shufti Pro is delivering what it envisioned – to provide customers with state-of-the-art digital solutions for the prevention of identity and financial fraud” – Victor Fredung, Co-founder and CEO of Shufti Pro. 

A panel of analysts and industry experts voted from a list of over 1,000 companies produced by FinTech Global. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.

Security executives working in financial services need to be aware of the latest innovation and threats in the market in order to protect client and company data as well as fend off cyber and financial criminals,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that and identify new technologies which will have a lasting impact on the industry and attackers’ behaviour.” 

Shufti Pro is tirelessly working on technical improvements in its products and in-house AI technology to deliver globally acclaimed services in a highly competitive market. Last year, it won the Best in Biz award for best consumer service and Global Excellence Award for outstanding product/service. It won multiple awards in its three years journey since its inception in 2021 as well. 

Global

Shufti Pro Continues Global Expansion with the New Ukraine Office

Originally Published at PR.com

London, UK (28 May 2021) – As part of its plan for global expansion, the world-renowned identity verification service provider Shufti Pro has opened a new office in Kyiv, Maidan Plaza, Maidan Nezalezhnosti, 2. Kyiv, 02000, Ukraine.

You can visit our new office at this location. 

Shufti Pro has expanded its operations in Ukraine to incorporate the big pool of IT talent into its services. Additionally, with a population of approximately 44 million, the Ukrainian economy is expected to grow 4% annually between 2021–2023. However, its rapid growth makes it a lucrative target for fraudsters and their illicit schemes. To safeguard Ukrainian companies against the surging threat of money laundering, banking scams, and other financial malpractices, Shufti Pro offers the perfect safety net. 

The CEO of Shufti Pro, Victor Fredung, stated: 

“We are excited to extend our services to Ukrainian businesses by opening our new office in Kiev, Maidan Plaza. As the demand for verifying digital identities continues to grow, our services can be availed by leading enterprises that aim to eliminate fraud and maintain compliance in a single go.”

Headquartered in London, UK, Shufti Pro provides AI-based identity verification solutions to its clients worldwide, with regional offices in Cyprus, Dubai, and Sweden. By extending their services into Ukraine, the SaaS provider aims to assist Ukrainian companies to safeguard themselves against identity and financial fraud while maintaining compliance with global AML and KYC regulations.

With the launch of the new office in Kyiv, team Shufti Pro will be better able to cater to the digital ID verification needs of industries such as banking and financial services, cryptocurrency, healthcare, education, travel, online gaming, and more. 

Commenting on the opening of the new office, Shahid Hanif, the Founder & CTO of Shufti Pro, stated:

“The launch of our new regional office in Ukraine aligns with our mission of providing top-of-the-line, customer-driven IDV services to our customers worldwide”. 

About Shufti Pro

Shufti Pro is globally acclaimed for providing a rapid, secure, and compliant means of performing digital identity verification. Its AI-based IDV services have an accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, the SaaS provider has proven to be ideal for eliminating the risk of fraud while maintaining regulatory compliance with AML, KYC, and GDPR. 

For more information, contact Sales@shuftipro.com 

shufti pro

Shufti Pro Announces ​Identity Verification Services on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Shufti Pro’s customers can now benefit from digital identity verification for fraud prevention

Originally Published at MobileIDWorld 

London UK​ ​–  Shufti Pro today announced it has launched its global identity verification services on Salesforce AppExchange, empowering Salesforce customers to seamlessly integrate identity verification solutions and accelerate their business operations. 

Shufti Pro is currently available on AppExchange at https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3A00000FYgc1UAD

Shufti Pro’s Global Identity Verification Services

The award-winning technology of Shufti Pro provides digital KYC verification and AML screening services that simplify the customer onboarding process for various industries. Shufti Pro has trained thousands of AI models enabling the solution to analyze thousands of document types and securing the business entities by accurately detecting fraudulent attempts and spoof attacks. 

Hundreds of organizations around the world are using Shufti Pro’s robust services and their partnership with Salesforce will enhance market outreach and global scalability.

Victor Fredung, CEO of Shufti Pro expressing his views regarding this new achievement, “Shufti Pro sees this opportunity as another milestone. We are glad to mark our presence on the world’s leading cloud marketplace. With the expansion of our services on AppExchange, enterprises can now verify their customers in real-time with confidence. The solution allows organisations to combat fraud while providing a seamless customer experience.” 

“Shufti Pro’s IDV hub is a welcome addition to AppExchange, as they power digital transformation for global businesses, banks, educational institutions, etc.,​” said Woodson Martin, GM of Salesforce AppExchange. “AppExchange is constantly evolving to enable our partners to build cutting-edge solutions to drive customer success.”

About Salesforce AppExchange

Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways. With more than 5,000 solutions, 6.5 million customer installs and 80,000 peer reviews, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses.

For more information, contact Sales@shuftipro.com 

Shufti Pro to Explore NFC Based Identity Verification in its Coming Panel Webinar with Global Experts

Originally published on Pr.com 

Shufti Pro to enlighten the businesses as well as individuals with an in-depth analysis of diverse aspects of NFC-based identity verification in its coming webinar on 10th June 2021. Interested attendees can register for the Webinar here and learn from global experts in the payments, fintech and finance industry. 

Shufti Pro notes that with the rapid digital transformation of the world, it’s not long before the new regulatory measures require the digitisation of ID documents as well. It is expected that the number of chip-based national IDs in the world will increase up to 3.6 billion in 2021. 

Already many states are opting for chip-based national ID documents to reduce identity fraud and enhance security measures. Chip-based ID documents encrypt the personally identifiable information of the person to avoid data manipulation. NFC technology is the most feasible technology to verify chip-based IDs due to its rapid adoption by consumers and high accuracy.

Over 80% of smartphones are now NFC enabled which is causing a surge in demand for NFC enabled flows. 

With the rising usage of NFC technology in day-to-day activities, it’s not long before the identity verification industry also opts for it. It’s high time for businesses to adopt this next-generation IDV solution to secure their platforms and provide their customers with a user-friendly experience. 

Shufti Pro recently launched a new product, NFC Verification, for fast and accurate verification of chip-based e-ID, e-passport, or e-driving licence. Shufti Pro says that NFC Verification will tremendously enhance the customer and end-user experience by accurately capturing data from encrypted chip-based ID cards. 

For those interested, Shufti Pro will provide an in-depth analysis of NFC based identity verification with industry experts during a webinar on 10th June 2021. 

Save the date and join them by registering here

Primary points of discussion would be

  • Evolution of digital identity verification 
  • Process of NFC verification
  • Pros and Cons of NFC verification 
  • Impact of NFC based IDV on user experience 
  • Fraud prevention with NFC based IDV 
  • Industrial adoption and future prospects 
  • Analysis of NFC verification market 
  • NFC in payments

The webinar will be hosted by Shufti Pro’s head of sales, Kristina Zakharchenko, who has more than ten years of experience in business development and sales. She is a Customer profiling, product development and customer onboarding expert 

Shufti Pro provides its audience with a chance to take part in this innovative discussion with many industry experts including speakers such as Jijo Thomas and Alan Morley. Jijo Thomas is a technical expert in Smartcard & Security at the Ministry of Interior of Qatar and also a founder of smartcardsecurity.org. Alan Morely is a Leader in business and technical consulting in financial regulations and Compliance operations in the US, UK and APAC and is a Co-founder and organiser of the Compliance Roundtable series.

For more information, contact sales@shuftipro.com 

market

Shufti Pro Partners with LenderKit for Global Scalability and Enhanced Market Outreach

Originally published on Planet Biometrics 

London UK- Shufti Pro, an AI-powered KYC/AML service provider announces its partnership with LenderKit, a flexible white-label crowdfunding software, by launching its global identity verification services on the LenderKit platform. This partnership enables LenderKit customers to smoothly integrate Shufti Pro’s robust identity verification, KYC, KYB, and AML services and enhance their business manoeuvre. 

Shufti Pro offers an award-winning solution that assists many industries to streamline their due diligence and customer onboarding procedure. With its cutting edge technology and resilient identity verification services, Shufti Pro is known to provide a high accuracy rate of  98.67%. Now joining hands with LenderKit will enable Shufti Pro to expand its outreach and efficiently secure various businesses worldwide from fraudulent activities while assisting them to be ahead in-game. 

Konstantin Boyko, CEO & Co-Founder at LenderKit talking about the partnership, “LenderKit provides flexible crowdfunding software and custom development services for regulated investment businesses worldwide. The strategic partnership with Shufti Pro helps us offer a more diverse experience to our customers in Europe, the UK and the UAE. Using Shufti Pro, LenderKit customers can integrate with one of the industry-leading KYC, KYB and AML service providers and automate their onboarding and due diligence processes on a crowdfunding or investment platform.” 

LenderKit is a crowdfunding software that is equipped with a variety of features to cater to regulated businesses from around the world. Now, in order to ensure security and regulation in the industry, LenderKit has extended its hand to offer Shufti Pro’s diverse services to its customers. Crowdfunding platforms looking for KYC/AML compliance solutions can now integrate Shufti Pro for reliable identity verification. 

Shufti Pro’s CEO, Victor Fredung, acknowledges the benefit of the partnership, “We are delighted to announce that enterprises can now access Shufti Pro’s global identity verification services from LenderKit platform and seamlessly meet their regulatory requirements. Always aiming to put our customers ahead, this esteemed partnership with LenderKit has paved the way for us to provide our and their customers with swift and reliable service.”

About LenderKit 

LenderKit is crowdfunding software for regulated businesses worldwide. It can be used to set up a crowdfunding platform prototype or a scalable portal, apply to the regulatory sandbox, raise capital for further development, finance internal projects or work with international investors and fundraisers. The software is equipped with plenty of out-of-box features which allow you to run a debt, equity or donation crowdfunding platform for real estate and SME investing or fundraising. Moreover, each part of the software can be easily modified and adjusted for your specific needs. The crowdfunding platform can be customised to comply with SEC, FINRA, FCA, SAMA and potentially other regulations as per the customer’s requirements. 

About Shufti Pro

Shufti Pro is an identity verification service provider. It offers KYC and AML services globally. It uses both human intelligence and artificial intelligence in its technology to provide highly effective and accurate service. Shufti Pro provides an accuracy rate of 98.67%. It has verified users in 232+ countries and territories. Shufti Pro has been the first of its kind to provide identity verification services that cover a large number of countries.

shuftipro

Shufti Pro Doubles Revenues in 2020 on Biometrics and Compliance for Digital Shift

Originally published on Biometicupdate 

Revenues from Shufti Pro’s biometric identity verification service grew by 100 percent in 2020, as did its customer onboarding, driven by the global acceleration of digital transformation.

The company’s clientele also diversified significantly during the past year, and now includes businesses across the banking and financial, healthcare, e-commerce, digital currency, travel, education, food services, media and real estate sectors, according to the announcement.

“Shufti Pro is driven by the spirit of its team members and the executives who are always pushing their boundaries and striving to achieve the best,” Shufti Pro CEO Victor Fredung comments. “Looking back to where we have started and now what we have achieved is an extraordinary milestone that could not have been possible without the passion, hard work, dedication of the entire Shufti Pro’s family. Now we are looking forward to enhancing the business operations with our future plans.”

The Global Identity Fraud Report 2020 published by Shufti Pro in February shows a 3.36 percent increase in digital identity fraud, and the company notes a recent Gartner report indicates demand for digital solutions has increased at 69 percent of businesses.

Shufti Pro credits the suitability of its know your customer (KYC) and anti-money-laundering (AML) compliance solutions, document scanning and selfie biometric verification solutions to address the requirements that go with increasing digitization for its growth results over the past year.

“The global pandemic has pushed the businesses worldwide to adapt with the digital transformation for their survival,” observes Shufti Pro CTO Shahid Hanif. “The digital identity verification solution is the key element that enabled enterprises to operate remotely without any security breaches. Shufti Pro is always one step ahead and it never fails when it comes to safeguarding its customers.”

Shufti Pro also joined the Azure Marketplace in 2020. So far this year, the company has launched an auto-capture feature for its selfie biometrics and an NFC-scanning capability to allow data to be extracted directly from the chips embedded in ID documents like passports.

press release nfc

Global IDV Services Provider Shufti Pro Unveils New Product for NFC Based Identity Verification

Originally published on Marketwatch

Shufti Pro NFC Verification is using Near Field Communication technology to make identity verification simpler for businesses and end-users

London UK, 8th April – Shufti Pro, a globally acclaimed KYC/AML service provider launches a new product, NFC Verification, to upgrade its ID document and selfie biometric identity verification process. NFC Verification will use Near Field Communication technology to verify chip-based identity documents such as e-ID card, e-passport, and e-driving license. This next-generation IDV solution will improve the accuracy of the verification process while enhancing the user experience tremendously. 

Shufti Pro says that it will be incorporating the NFC technology for efficient and reliable identity verification workflow. it is already known to provide a high accuracy rate of 98.67%. Now with NFC-based verification, Shufti Pro will be able to detect fake and tampered documents more accurately and provide more secure services to its customers.  

81% of smartphones are now NFC enabled, which indicates an expected rise in demand for NFC enabled user flows. With the rising usage of NFC technology in day-to-day activities, it’s high time this technology is used for IDV as well. It is expected that the number of chip-based national IDs in the world will increase up to 3.6 billion in 2021. Catering to the coming future trends Shufti Pro launched a new product “NFC Verification” for fast and accurate customer verification in a few steps. 

How NFC Verification Work

  1. The end-user uploads the photo of the NFC-enabled ID document 
  2. The end-user taps the NFC chip of their ID document against the NFC reader on the smart device
  3. NFC Verification matches the data extracted from the NFC chip against the information on the ID document 
  4. The results are immediately delivered in real-time  

Shufti Pro’s CTO, Shahid Hanif talks about the significance of NFC, “Due to the increase in the demand of digital IDs, the businesses are looking for a faster way for identity verification. Technology is evolving rapidly and being a global service provider it’s crucial for us to adopt the new trends in mainstream technology and provide our customers with a more reliable identity verification process. This will not only enhance the accuracy of results for our customers but will help them improve their customer experience by incorporating new technologies in user verification journey.”

Shufti Pro is one of the leading companies to provide AI-powered identity verification services to hundreds of businesses across the world. It is best known for assisting many industries in fraud prevention by providing a variety of services including face verification, document verification, address verification, consent verification, and age verification.

Shufti Pro always puts the needs of its customers ahead no matter what. It has previously been awarded The Great User Experience Award for helping businesses effortlessly fill their security gaps without any unnecessary or tedious technical modifications. 

To meet the demands of customers, Shufti Pro company recently introduced an auto-capture feature. The feature guides the end-user through ID document and selfie biometric verification and streamlines the process by reducing the number of re-takes. 

Now, most countries are developing digital ID documents that contain a chip to encrypt the information displayed on the ID document including a high-resolution image of the individual. By applying NFC technology, Shufti Pro’s robust identity verification solution will now be able to swiftly scan the encrypted data from the chip and analyze it against the displayed information to ensure the legitimacy of the document and avoid spoof attacks. 

Contact sales@shuftipro.com to get on board!

Auto capture

Auto-capture Feature for Selfie biometrics and ID Docs Launched by Shufti Pro to Ease Authentication

Initially Published on Biometricupdate

Shufti Pro has introduced an auto-capture feature to its ID document and selfie biometric technology to enhance its face verification and document screening solutions.

The new auto-capture capability guides the end-user on placing their identity document within the image, and how to adjust the appearance of their face in the camera, before automatically capturing the images. This, Shufti Pro says, will enable faster biometric authentication and liveness detection, and helps end-users perform verification in any condition, including poor lighting.

Businesses from around the world in various industries use the company’s identity verification and biometric authentication services to prevent fraud, as well as comply with regulatory requirements for KYC and AML screening.

“We are proud to offer an intelligent solution that will provide our customers and their customers with an amplified IDV experience,” comments Shufti Pro CTO Shahid Hanif. “The auto-capture feature makes the solution more efficient by automatically capturing the selfie and ID document photo and reducing verification time.”

Shufti Pro also launched an affiliate program just weeks ago to bring its biometric authentication to more customers in an identity verification market that is expected to double in size in the next five years.

Contact sales to onboard now, sales@shuftipro.com 

Fraud Identity

Shufti Pro’s Reveals That Global Identity Fraud Increased 3.36% in 2020

Originally Published on PR.com

Shufti Pro, a worldwide KYC and AML service provider empowered with cutting edge AI, recently published its 2020 Global Identity Fraud Report which unveiled that identity fraud increased by 3.36% in 2020.

According to the report, account takeovers and identity thefts are the most common types of online frauds. United States citizens face 7-10% identity theft every year and 21% of them face it multiple times. 25,036 data breach-related complaints were lodged by German residents. The United Kingdom suffers a loss of £190 billion because of frauds in 2020. These numbers show that the need for a robust fraud prevention solution is inevitable.

Sharing his views on the status of global fraud, Shahid Hanif, CTO of Shufti Pro said: “The pandemic, rising demand for digital services and the surge in fraud has taken businesses by surprise. Financial and identity frauds are on the rise increasing the demand for online identity verification solutions. This report will provide you with valuable insights into the identity frauds that occurred in 2020 to help you make beneficial decisions for your business in 2021.”

Different regions have reported varying figures of biometric frauds in 2020. In some regions, the number decreased while other regions reported a slight increase. It’s found that 22.4% of the face verification were biometric fraud attempts. The UK, China and India experienced a decrease in biometrics frauds, but Australia, USA, Cyprus, Egypt and Italy faced an increase in biometric frauds.

The company reports that the industry-related frauds also increased in 2020 including insurance claim frauds increased by 5% in 2020 with a loss of £1.5 billion. Identity theft rises by the rate of 13% in 2020 as compared to 2019.

Criminals use more digital channels in 2020 for scamming to get financial benefits. The rate of cybercrime inflated the previous year.

CEO of Shufti Pro, Victor Fredung gives his views about the Identity Fraud Report of 2020, “Fraud evolved tremendously during 2020 and more advanced approaches to fraud prevention must be taken in order to secure your businesses and customers from million-dollar identity and payment fraud. Our Fraud Report 2020 is drafted to provide you with a birds-eye view of identity fraud that we captured including findings that global researches reported.

The fraud report provides a comprehensive picture of global fraud happening in different regions and industries. The report shows detailed information about fraud types, their evolution during 2020 and how it might affect businesses during 2021. It equips businesses with quality insights to help them plan a fraud-free year ahead.

Press Release

Shufti Pro Launches Affiliate Program to Expand the Biometric Anti-Fraud Reach

Originally published on Biometricupdate

Shufti Pro has introduced an affiliate program dubbed ‘Shufti Advocates,’ to take referrals for its biometric know your customer (KYC) and anti-money laundering (AML) screening solutions.

The company announced a call for applications, and interested persons can sign up for it on its website, to join what Shufti Pro calls the ‘billion-dollar industry’ of biometric fraud prevention. Those whose applications are accepted will be contacted for further processing.

The affiliate program will offer advocacy group members, C-suite, influencers, affiliate marketers, professional from every industry, individuals, and business organizations the opportunity to use their influence to promote Shufti Pro and earn a 10 per cent share on each qualified sale of its biometric authentication technology.

The company further explained that saved leads must be converted to qualified sale in three months in order to earn a share, and affiliates can help Shufti Pro convert existing leads and earn a share on qualified sales.

Victor Fredung, CEO of Shufti Pro, encouraged interested persons to join the initiative, saying it is a “once in a lifetime opportunity.” 

“This opportunity not only allows you to take part in the fight against fraud but also allows you to assist various business organizations in being secure and compliant. Now you can do that while earning an income,” he said.

Shufti Pro says the launch of this initiative is part of its efforts to expand its fight against fraud using its KYC and AML screening and biometric verification technology solutions.

Shufti

Shufti Pro Launches Digital COVID Pass for Prompt Verification of COVID-19 test

Originally posted on businesswire 

London UK-Shufti Pro, an AI-powered identity verification services provider, rolls out its own version of Digital COVID Pass for the COVID-19 test verification at airports, arenas, cinemas, malls, and restaurants as the new COVID restrictions kick in. 

Governments around the world have laid out new restrictions that require citizens to present their COVID-19 test report in order to onboard a flight or enter a public facility. People are reluctant to depend their plans on the COVID-19 test, hence the possibility of fraudulent test results arises. 

During the start of the pandemic, the company lent a hand to prevent fraud by providing 10 million free verifications. Now, Shufti Pro’s COVID-PCR test verification assists the world to resume with their normal life. Shufti Pro is the only company that offers no-installation, no-app-download Digital COVID-pass. 

CEO of Shufti Pro, Victor Fredung, talks about the significance of digital test verification, “We at Shufti Pro believe that fast yet authentic security is the future, so Digital COVID pass is designed for safe and fast adaptation to the new normal. That is why we are extending technology customization offers to any businesses, public facilities or airport authorities who are willing to use our solution.”

CTO of Shufti Pro, Shahid Hanif spoke about the flexibility of the solution, “Our all-rounder Digital COVID Pass can be accessed through a browser without any installation at all. It’s equally useful for both, printed test results and QR code verification.” 

Talking about the dedication of his team, Shahid said; “Team Shufti Pro will always be in the front line whenever there is the need for a technical revolution in the digital identity landscape.” 

Digital COVID Pass can extract and analyze the QR code embedded in the test report to guarantee that the test is taken from certain government-listed laboratories and on which date the test is taken on. It will not only authenticate the information but the format and authenticity of the test. COVID pass will enable secure revival of business operations by capturing fake, stolen, and doctored COVID tests. 

For more information contact sales@shuftipro.com

shuftipro remote working

Shufti Pro Makes the Remote Working Option Permanent

London UK-  Shufti Pro, an AI-powered identity verification service provider is opening up the option for working-from-home permanently. 

Shufti Pro is one of the leading companies to assist various global business organizations with their KYC and AML regulatory needs. In three years’ time, the company has grown around the world, operating from London, Sweden, Dubai, and Cyprus. Now the employees from all four offices will have the remote working option if they prefer to work from the safety of their homes. 

Shufti Pro moved to remote working amidst the COVID-19 pandemic for the safety of their employees. However, after analyzing the higher productivity level of its employees, the company has opened up the option for remote working permanently.

The company conducted a survey amongst the employees after shifting to remote working and it was discovered that the majority of the employees were in favor of the work-from-home option. 

Earlier this year, CEO of Shufti Pro Victor Fredung expressed his views about a remote working option to Forbes, “the company will therefore stagger teams returning to the office and incorporate work from home policies into normal routines so the company is well prepared for future emergencies.”

The company said that some employees might be required to visit the office locations based on their work requirements. However, they too will have the option to work-from-home on a part-time basis depending on the tasks. Other employees will be allowed to work from home permanently and only visit the office on a special requirement basis. 

Even during the pandemic, if some employees have to visit the office for important work-related tasks, they will be catered to regarding the COVID-19 SOPs and social distancing protocols. The company is always devoted to working towards the safety of its employees and work-from-home not only improves the productivity of the employees but also helps them with their mental health. 

CTO of Shufti Pro Shahid Hanif speaks about this, “Working from home and surrounded by their families gives the employees a more sense of certainty especially in these uncertain times. They feel more secure when they are able to take care of their families and spend time with them.”

Contact sales to onboard now, sales@shuftipro.com

Sp-and-Morpheus-Labs-PR-image-01.jpg

Shufti Pro Partners with Morpheus Labs to Expand Identity Verification in Blockchain Market

London UK- Shufti Pro, a marketing leader in identity verification services has partnered with Morpheus Labs to amplify their identity verification and AML solutions in the blockchain market. 

Morpheus Labs has recently launched its platform v2.0 (Morpheus Labs SEED) in June with enhanced features and applications for both developers and enterprise clients, providing an end-to-end development environment to build and deploy blockchain-based solutions. The one-stop, low code development platform extended  Shufti Pro’s AI-powered identity verification solution to their platform users while developing dAPP solutions and Shufti Pro’s solution could be a part of their offerings. Shufti Pro offers their clients an opportunity to fight fraud in this partnership, especially where eKYC and AML services are essentially needed in the blockchain space. 

Talking about their experience of using Shufti Pro’s services, CIO of Morpheus Labs, Dorel D. Burcea said; “Shufti Pro has helped Morpheus Labs and our platform users to save a lot of time and resources in the identity verification process that we’d have required to conduct frequently in the blockchain space. It is comprehensive, fast, and easy to use.”

Both the companies are known for their innovative and highly efficient services and this partnership will enhance the market outreach of both entities.

“Morpheus Labs SEED comes with the bundled benefits of integrated services to facilitate rapid development, build and run solutions on blockchain. The Shufti Pro’s real-time Identity Verification and AML screening is an extended service on the ML SEED platform and through this partnership, now we are able to expand its ID verification capabilities to the blockchain market. We see a possibility to onboard thousands of users rapidly in bounty campaigns and now are going to be used for community-related initiatives.” – Dorel D. Burcea, CIO of Morpheus Labs.

Shufti Pro is known for creating value for its customers and offering partnerships to clients and tech businesses will enhance the growth of the identity verification industry and the company itself.

Talking about this partnership, CEO of Shufti Pro, Victor Fredung said: “Team Shufti Pro is honored to join hands with Morpheus Labs and expand our eKYC and ID verification solution to the blockchain space. KYC verification and AML screening solutions are a necessity that every industry needs to comply with. Through our partnership, we offer everyone an opportunity to spread awareness about the significance of identity verification and the regulatory needs that come with it. This partnership can mutually benefit both companies.”  

About Morpheus Labs

Morpheus Labs​ provides businesses with an end-to-end Blockchain-Platform-As-A-Service (BPaaS) solution for innovation and value creation. They simplify blockchain application development by offering mission-critical tools, infrastructure, various blockchain protocols, experiment, and manage their own applications effortlessly at minimal cost and time. With a cross-functional team that has a combined 70 years’ experience in artificial intelligence, blockchain, mobile applications, cybersecurity, and IoT across Europe and Asia. 

For more information, visit https://morpheuslabs.io.

About Shufti Pro 

Shufti Pro is a global identity verification service provider that offers KYC and AML services. It uses both human intelligence and artificial intelligence in its technology to provide state of the art KYC and AML services. Shufti Pro provides an accuracy rate of 98.67%. It has verified users in 232 countries and territories. Shufti Pro is one of its kind identity verification companies that provides multi-layered risk cover at affordable prices.

PR_-_Baaz_Inc

Shufti Pro’s Identity Verification to be Used by Baaz. Inc. for Secure Customer Onboarding

London, (October 2020), Baaz Inc. – a social media platform specially designed to bring the Arab community together- has partnered with Shufti Pro for robust identity verification of its users and to keep all the users safe from cybercrimes. The enterprise will benefit from Shufti Pro’s KYC – identity verification solution.

Baaz Inc. is a social media platform created by Arabs for the Arab world with a global appeal. It aspires to create a safe and real-time environment for users. It also aims to reflect the Arabic culture through its fun and energetic platform. With powerful analytics, advanced language processing technology, and trend analysis, Baaz Inc., is dedicated to providing relevant and credible Arabic content to all users across the globe.

Shufti Pro uses a hybrid technology of human and artificial intelligence to assist businesses in verifying all the users during the onboarding process. There are more than 900 AI algorithms that Shufti Pro deploys for effective results. It delivers all that a diverse platform such as Baaz would require. It can verify anyone from all over the world within seconds using advanced AI and human intelligence, which complements the technically advanced and appealing social media platform – Baaz.

The web is floating with millions of users’ data, and there’s an obvious need to tighten up the security on social media to combat hackers and protect users’ security. Placing safety at the heart of its practices, Baaz partnered with Shufti Pro to provide a fast, easy, accurate, and robust identity verification process to its users.

Baaz Inc. will provide its users with the easiest and fastest verification process requiring only basic sign up information including name, ID, date of birth, and country.

Hamda Khochtali, CEO of Baaz Inc. confident about this partnership, said:

“It’s no secret that social media platforms have been an integral part of our daily lives. Unfortunately, most of these platforms come with fake accounts that bring inaccurate and false information. At Baaz, we believe it’s our responsibility to create a fun yet safe and healthy environment for our Arab world. Baaz will be the very first social media platform that provides users with an identity verification process. Thanks to our partnership with Shufti Pro, we’ll be able to offer users an ideal identity verification system, Arabic text extraction, and technology that guarantees privacy through GDPR and CCPA compliance.”

Victor Fredung, CEO of Shufti Pro, excited to partner with Baaz Inc., said:

“Shufti Pro is proud to partner with Baaz Inc. and aim to maintain this relationship in the long-run. Baaz is dedicated to providing a social platform to the Arab and we will secure their platform from imposters, account takeover fraud, and identity theft with our state of the art identity verification services. It has always been a remarkable experience to partner with diverse businesses like Baaz and depicts our adaptability for different sectors.”

About Baaz Inc.

Baaz Inc. is a social media platform specially created in the Arab world for the Arab world with a global appeal. It provides culturally relevant content and creates a safe and real environment for its users, reflecting the Arabic culture through its fun and energetic platform. It provides users with a safe space for sharing authentic information through its easy verification process that is secure, and in compliance with GDPR and CCPA.

About Shufti Pro

Shufti Pro is an identity verification service providing KYC and AML verification to its clients worldwide. It deploys 900 AI algorithms for all its services and a synergetic relationship between human intelligence and artificial intelligence, Shufti Pro eliminates the chances of errors and provides results within 30 – 60 seconds with 98.67 per cent accuracy. Do you require verification services for your customer base too?

Contact sales@shuftipro.com to get on board!

PR-image-06-11

Shufti Pro Enhances its intelligent OCR Services for Seamless Data Entry Operations

London UK- Shufti Pro, an identity verification service provider uses its advanced artificial intelligence to enhance it’s intelligent OCR services. 

Originally, Optical Character Recognition is a data extraction technology that is designed to extract black text on a white background in a specific language. It is used to assist businesses in their data entry operations. However, the initial OCR engines are not as accurate and require human interference. Enterprises are expanding in the midst of the digital revolution and the demand for a more accurate data entry solution has become an utmost priority. 

Shufti Pro has introduced its enhanced OCR technology combined with artificial intelligence that operates with machine learning and natural language processing (NPL). Shufti Pro’s OCR engine, unlike the usual one, not only detects but also recognizes the text in multiple languages. Shufti Pro’s OCR engine can extract text in 150+ languages. Computer vision combined with a language processing algorithm provides a far more accurate result of data extraction that corrects the errors without any manual supervision. With the help of pre-processing and post-processing techniques, Shufti Pro’s OCR engine can deeply comprehend the text and verify its accuracy. Artificially intelligent OCR can understand the type of the document, its format, context, and all the other details of a document and the data within it. 

Shufti Pro has always been committed to securing the marketplace with its services. Their research and development team has always strived to cater to the need of businesses with their enhanced digital solutions. With their identity verification services, many industries including financial institutions and e-commerce platforms have become safer than ever. Now with Shufti Pro’s enhanced OCR technology, businesses no longer have to spend hours and millions on a long and tedious task of data entry. They can now progress seamlessly by taking advantage of Shufti Pro’s enhanced global OCR services that provide an unmatched accuracy rate of 90+ percent. 

“We at Shufti Pro are always aiming to provide enhanced services. Our team of experts works tirelessly to provide a service that can benefit your business and meet all your requirements. By enhancing our intelligent OCR service, we are prepared to serve all your businesses’ needs. Businesses can eliminate their manual data entry procedure and have a truly seamless and effective experience with Shufti Pro’s artificially intelligent OCR service.” Victor Fredung CEO of Shufti Pro

About Shufti Pro

Shufti Pro is an identity verification service provider. It offers KYC and AML services globally. It uses both human intelligence and artificial intelligence in its technology to provide highly effective and accurate service. Shufti Pro provides an accuracy rate of 98.67%. It has verified users in 232 countries and territories. Shufti Pro has been the first of its kind to provide identity verification services that cover a large number of countries. 

Best in biz

Another feather in the cap! Shufti Pro wins Biz award 2020 for the best consumer service of the year

October 2020, London, Shufti Pro is announced the winner under the product category of best consumer service of the year in ‘Best in Biz Awards 2020 International’. The winners of the Best in Biz Awards were declared in the press release published on September 30, 2020. 

Best in Biz Award is an independent Award program for global business that is adjudicated by internationally renowned editors and reporters from top-tier publications across the globe. Last week, it announced the results of its 8th annual international competition for different categories including company, department, executive, product and CSR/media categories. 

Shufti Pro won Silver at the Best in Biz Award 2020 International for the best consumer service of the year. This award is rewarded on the basis of amazing customer service that Shufti Pro is offering to its clients and efficiently fulfilling their needs.

Shufti Pro Ltd. is a global identity verification solutions provider offering AI-powered KYC-, KYB-, face verification, AML screening and touchless airport security clearance kiosk. Moreover, to automate documentation process, it has recently launched a new OCR service for businesses. With its state-of-the-art services, Shufti Pro aims to create a secure online marketplace devoid of any identity fraud and fraudulent activities.

Shufti Pro is known for its quick and convenient services that are customised as per the needs of customers. Having always focused on customer satisfaction, its services are always under continuous scrutiny to make advancements.

Global business excellence

Shufti Pro Ltd. wins the Global Business Excellence Award for Outstanding product

October 2020, London, Shufti Pro is announced the winner of the Global Business Excellence Award 2020 under Outstanding Product/ Service category. Last month, Shufti pro was nominated by Global business excellence for the category of outstanding product/service award 2020. 

Shufti Pro is an emerging name in the identity verification market, providing its state of the art remote and on-premises verification solutions globally. The category in which Shufti Pro is given an award incorporates all the enterprises with novel products/services that haven’t been launched long ago and are operating in the B2B or B2C market. 

Global business excellence nominated Shufti Pro because of its distinguished place in the marketplace. Recognising its efforts in offering consumer-centric services, the independent expert judges’ panel declared Shufti Pro the winner according to the strict criteria emphasising on various factors – innovation, financial results, employees, customer, investor and community benefits.

Commenting on Shufti Pro Limited, the winner in the Outstanding Product/Service category, the chairman of the judges said: 

“Shufti Pro is helping to eliminate fraud across multiple industries globally with its superfast versatile identity verification (IDV) solution. After being underwhelmed by the slow speed of the existing IDV process, the company launched in London in 2017 with its own high-tech proposition to revolutionise the IDV process.  Using machine learning and artificial intelligence, the founders now provide verification results within an amazing 30 to 60 seconds. Congratulations to Shufti Pro for shaking up the IDV process and helping its clients improve their customer service.”

This award is yet another achievement for Shufti Pro after winning Best in Biz Award 2020 for best consumer service of the year. It offers a seamless experience to its users and the support team is always available to address customer queries and issues. CEO of Shufti Pro, Victor Fredung, showed his gratitude on winning this award. In his statement he said,

“We are delighted to receive this award for our outstanding IDV services. It is just the start of our success. We have a long way ahead. Shufti Pro was developed with a vision to streamline the identity verification process within seconds and help the businesses improve their customer service. And this award is proof we are moving in the right direction.”

core chain banner

Shufti Pro’s biometric authentication solution to be used for digital board meetings facilitated by Core chain

June 2020 — London – Shufti Pro onboards core-chain, a single point of contact for blockchain-enabled solutions, decentralized applications, and digitization. Shufti Pro will help them instantly verify their customers and to practice due diligence through their platform.

 The last few months have brought about a dramatic change to the digitized world! The world becomes more decentralized, particularly in light of COVID-19, core-chain provides the best solutions for digital transformation. But fraud is also rising and prompt action is necessary to achieve predicted excellence and growth of this industry. Core-chain put core business functions on the blockchain – board meeting decisions, digitized securities registers, audit-proof storage of receipts including digital signatures, task management and automated fee settlements of employees and freelance workers – to streamline digital transformation.  Practicing strict customer due diligence is a part of their strategy.

The company wanted to enhance its KYC practices without affecting customer experience or spending a fortune just on customer screening. They wanted a solution that could help them fight fraud, in an efficient manner, and high accuracy without sacrificing the customer experience and disturbing their budget. Shufti Pro proved to be an all in one solution for them. It offers one of the fastest and highly accurate services and that too at competitive prices. It has helped many small and medium businesses as well to practice security while remaining in their budget. Two pricing plans – pay as you go, and monthly commitment – are designed to provide price flexibility to the customers.

Core-chain enables executives and board members to host safe and secure meetings with Digital Voting (DIVO) by using state of the art identity verification and biometric authentication services of Shufti Pro. 

  • Auditable votings and digital shareholder registry
  • Facial recognition and biometric identification of shareholders
  • Dashboard with complete document overview and online minutes of the meeting

Social distancing and the low-touch economy caused by the coronavirus presents immense challenges for corporate executives and board members. The law requires general annual meetings to be held no later than six months after the end of the financial year. Dividends cannot be paid without a valid GA resolution. In times of COVID-19, this was a real challenge. Now with DIVO, there is the first comprehensive solution for secure digital voting.

 “Video conferencing tools commonly used in business today are not secure enough to meet the strict requirements for identification and participation,” explains Bora CEO of core-chain. “DIVO ensures there is no unauthorized participation. Now executives and shareholders can vote and participate online in the general assembly and board meetings.”

 DIVO uses Biometric Face Recognition and Distributed Ledger Technology to create a secure identity and voting verification. Executives can participate in meetings, record votes, and announce resolutions in real-time. Records of each meeting are encrypted and verified on the blockchain, which addresses potential security issues for audits.

 Expressing the confidence towards this partnership, Bora Obucina, CEO of core-chain said,

“In order to be able to make decisions such as votes and elections in business and politics on a decentralized basis while maintaining compliance, participants must be verified and identified. DIVO is the first platform worldwide that enables digital voting in compliance with the law. Thanks to Shufti Pro’s innovative service, we can match and verify identity documents and human faces within seconds. Shufti Pro is one of our core service providers, which we will use in further developments of DIVO as well as in the currently developing digital contractor administration system.”

 Shufti Pro is often praised for its swiftness and highly cooperative team. It makes things easier for its customers at every step to give them a unique experience. Hence it’s products are always under continuous scrutiny and support teams are available for customers whenever they need them. Talking about this partnership, CEO of Shufti Pro said,

Shufti Pro provides unparalleled customer experience and it’s our competitive edge. We are happy to provide the services that go beyond fraud prevention and can help core-chain in sustaining its seamless customer experience. We’re excited about this partnership and looking forward to maintaining it for a long time.”

 About Core Chain:

Core-chain is a Liechtenstein-based specialist in putting core business functions on the blockchain. The start-up focuses on applications for general assemblies, the board of directors, executive and team meetings, as well as digital security register and remote staff management. Since May 1st, the international operating audit company BDO is cooperation- and-distribution partner of core-chain and recommends DIVO to its large customer base. You can find further information on DIVO on their landing page www.digital-voting.com.

 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 and territories, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

 Contact sales@shuftipro.com to get on board.

 

 

transigio company

Import Financing Company Transigo Joins Hands with Shufti Pro to Verify its Clients

London, (May 2020), Transigo, an import financing company that provides a unique payment mechanism for U.S. importers, will now be using Shufti Pro to enhance its client onboarding process. Shufti Pro will empower Transigo by providing it with its document verification, biometric authentication, and two-factor authentication services.

Shufti Pro is an AI-based identity verification service that helps businesses screen the identity of their customers from any corner of the world. Its KYC screening solutions can verify the identity of a person within seconds, while its KYB screening solution can instantly provide detailed insights on businesses ranging from identification and filings to financial statements. 

These solutions help businesses practice effective fraud prevention and create a seamless user onboarding experience—businesses no longer need to bear the  KYC/AML compliance burden themselves. Now, with Shufti Pro at its side, Transigo will be able to manage its fraud risk by screening the identities of its importer clients.

Transigo provides a novel payment mechanism to U.S importers which source from China, allowing them favourable payment terms of up to 120 credit days. Its business model thus requires that before offering its clients such attractive payment terms, they are thoroughly screened to minimize fraud risks such as importer and identity fraud, which can lead to defaults. Strict fraud prevention protocols are necessary, especially with fraud continuing to be a prevalent risk in the trade and financial industries. 

To that end, Transigo was searching for a reliable and efficient KYC screening partner that could ensure accurate client information and—given its cross-border nature—assist with regulatory compliance. It found the right partner in Shufti Pro.

Transigo chose Shufti Pro because of the speed, accuracy, and cost-effectiveness of its services. Transigo’s plan with Shufti Pro comprises facial and document verification as well as two-factor authentication. With these verifications in place, Transigo will now be able to protect itself by performing strict security screening on its clients without compromising on delivering a seamless onboarding experience.

Expressing his confidence towards this new partnership, Nir Tal, CEO of Transigo, said: 

“As a fast-paced import financing company that provides unparalleled credit terms to importers, we needed a seamless and foolproof KYC method to verify the identity of our clients. With Shufti Pro, we got all that plus excellent customer service—the cherry on top.” 

Shufti Pro is also excited to onboard more diverse clientele. Victor Fredung, CEO of Shufti Pro, said:

“We at Shufti Pro are very happy to onboard yet another great customer. We aim to maintain this partnership for the long term by always providing them with the highest quality of services. Working with diverse businesses such as Transigo is always a great experience and shows just how adaptable our solutions are to a variety of industries.”

About Transigo

Transigo is an innovative import financing company that has developed a unique payment mechanism that allows U.S. businesses importing from China and Hong Kong to import now and pay later. Clients make one easy lump sum repayment after as long as 120 credit days, with zero impact on their credit score. 

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 and covers a large number of countries.

Contact sales@shuftipro.com to get on board!

 

 

 

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Import Financing Company Transigo Joins Hands with Shufti Pro to Verify its Clients

cryptogames onboard

Shufti Pro onboards Crypto Games to provide them KYC services for secure crypto payments

Monday, May 4, 2020 — London – Shufti Pro onboards Crytpo Games, a revolutionary entertainment venture. Shufti Pro will help them instantly verify their customers and to practice due diligence in several crypto transactions made through their platform. 

The last few decades have brought about a dramatic change to the entertainment sector, particularly the online gambling industry, which is now bigger than ever! The rise of cryptocurrencies, which uses blockchain technology, contributed immensely to this expansion of the online gambling industry, with the experts predicting it to expand even more. But fraud is also rising and prompt action is necessary to achieve predicted excellence and growth of this industry. 

CryptoGames, an online casino, which was formed by a group of cryptocurrency aficionados, saw the perfect opportunity to defy mediocrity and become one of the best gambling casinos that would outperform every existing online casino and hold up its name till the end. Unlike most other casinos, their main goal is to exceed the quality expectation of gamblers by providing them exceptional customer service and memorable experience on their platform. Practicing strict customer due diligence is a part of their strategy to rising like one of a kind gaming and gambling platform.

“Initially, we used to verify user identity manually. Over time, as our user base started to grow, this task has become quite tedious for us. The failure to verify users instantaneously not only has caused backlogging but also denied users to play instantly on our casino.” Said the CEO of Crypto Games.

The company wanted to enhance its KYC practices without affecting customer experience or spending a fortune just on customer screening. They wanted a solution that could help them fight fraud, in an efficient manner, and high accuracy without sacrificing the customer experience and disturbing their budget. Shufti Pro proved to be an all in one solution for them. it offers one of the fastest and highly accurate services and that too at competitive prices. It has helped many small and medium businesses as well to practice security while remaining in their budget. Two pricing plans – pay as you go, and monthly commitment – are designed to provide price flexibility to the customers.

Expressing the confidence towards this partnership, CEO of Crypto Games said,

“CryptoGames is an online casino that has to deal in with financial transactions involving cryptocurrencies on a regular basis. Since our casino is operated online and all the financial transactions are done automatically, it can become an advantageous point for the criminals to commit various financial crimes such as money laundering, terrorist financing, and other fraudulent activities. Thus, identity verification has become an essential element to operate our casino with a clean database of users. Without having KYC policies, there is no way for us to protect ourselves from the devastating effect on the liability of our company that could be done by those fraudulent users. 

As a result, we have decided to choose Shufti Pro due to its almost instant real-time Identity Verification with near-perfect accuracy. Their flexible payment option clearly shows that they do care about small companies and are here for a fair business instead of being a money hunger company. Their pay-as-you-go plan has kept down our cost to a minimum. We are quite impressed by how everything is handled automatically without the need for us to be involved every time. The after-sales support has so far never failed to please us. We look forward to continuing our partnership with Shufti Pro as they continue to help businesses and companies fight against fraud and illicit activities.”

Shufti Pro is often praised for its swiftness and highly cooperative team. It makes things easier for its customers at every step to give them a unique experience. Hence it’s products are always under continuous scrutiny and support teams are available for customers whenever they need them. Talking about this partnership, CEO of Shufti Pro said,

Shufti Pro provides unparalleled customer experience and it’s our competitive edge. We are happy to provide the services that go beyond fraud prevention and can help Crypto Games in sustaining its seamless customer experience. We’re excited about this partnership and look forward to maintaining it for a long time.”

About Crypto Games

CryptoGames, an online casino, which was formed by a group of cryptocurrency aficionados, saw the perfect opportunity to defy mediocrity and become one of the best gambling casinos that would outperform every existing online casino and hold up its name till the end. All their games are provably fair, which indicates that there are no chances of us cheating with their gamblers. They always try to remain fair with their users, giving them an opportunity in every aspect that would be beneficial to them.

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.

Contact sales@shuftipro.com to get on board.

coinipop cryptocurrency

Cryptocurrency exchange Coinipop joins hand with Shufti Pro to onboard customers

London (April 2020) – Shufti Pro onboarded Coinipop to verify their customers. Shufti Pro will provide AML and KYC screening services. 

Shufti Pro is an identity screening services provider. It provides KYC/AML and KYB screening services to a global clientele. Recently it onboarded Coinipop, which is a crypto to fiat exchange. Shufti Pro holds its pride in its global coverage. It has customers around the globe and has verified people in 230+ countries and territories. The global clientele is provided unparalleled speed, accuracy, price and customer support. With these great services, Shufti Pro has gained global acclaim among different industries.

Cryptocurrency has gained huge acclaim around the globe and the predicted future is also bright for this industry. The growth is not a trend but the beginning of a new era, where regulatory authorities are getting involved to control and prevent bad actors from causing friction in this growth. Common crimes facing identity screening services are money laundering, terrorist financing, fake identity fraud, account takeover fraud, and financial fraud. So, the identity screening of customers is inevitable to prevent these risks. 

Coinipop is also a cryptocurrency exchange, registered in Estonia and licensed to provide services of exchanging a virtual currency against a FIAT currency – Converting FIAT currency (USD/EUR/GBP) to Cryptocurrency (BTC/ETH).

For Coinipop, security and regulatory compliance is vital. It wanted to practice stringent security measures on its platform to practice proactive fraud prevention and to give a secure and seamless user experience to its customers. Shufti Pro proved to be a reliable partner with its next-generation KYC/AML solutions. The solutions use Artificial Intelligence (AI) to screen individuals. It delivers 98.67%  accurate results and can verify a person within 30 seconds, through real-time screening of its identity documents, and biometric authentication. 

Shufti Pro will provide KYC and AML screening services to Coinipop. Talking about this collaboration  Oana G A of Coinipop said;  “Coinipop AML and KYC procedures are very strict, Coinipop using ShuftiPro as the most advanced systems in order to confirm the authenticity of documents and information provided by Users.”

Victor Fredung CEO Shufti Pro also expressed his thoughts regarding this partnership and said; “We are excited to onboard Coinipop and aim to maintain this partnership for a longer period. For us customer experience is the primary goal, hence we will try our best to provide the best of our services and customer support. Day by day, our clientele is becoming diverse and expanding globally which is definitely exciting for us. With increased customer expectations we are always in a bid to make our services even better.”

About Coinipop

‘Coinipop’ is a cryptocurrency exchange, registered in Estonia and licensed to provide services of exchanging a virtual currency against a FIAT currency – Converting FIAT currency (USD/EUR/GBP) to Cryptocurrency (BTC/ETH). Customers can purchase Bitcoin and Ethereum through its website, using credit cards/wire transfer. 

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!

PR_image

Shufti Pro partners with Kabayan Remit to help them practice user-friendly KYC

London, (April 2020) Shufti Pro will now provide document verification services to UK-based remittance services provider Kabayan Remit. Shufti Pro’s friendly interface and fast verification services provide a frictionless experience to Kabayan Remit customers in UK, Canada, and Europe.

Online payments are on the rise and it’s due to the ease they provide to the users. A few clicks and the funds are transferred. But the risk of fraud is also high in these financial services. Credit card fraud, fake identities, account takeover fraud, and money laundering are major fraud risks in the online payment industry. Proactive fraud prevention is inevitable but without sacrificing customer experience. 
Kabayan Remit is an online remittance service provider that aims to provide a user-friendly, convenient and highly secure money transfer experience to their customers. Most of Kabayan Remit’s customers are Overseas Filipino Workers (OFWs), who seek security assurance when sending their hard-earned money to their families back in the Philippines. Always keeping in mind the needs of their customers, Kabayan Remit is continuing to develop its platform’s interface to provide the best possible customer experience. 

As a Money Service Business, Kabayan Remit is well aware of the risks in online transfers so they take KYC responsibilities seriously. They wanted a solution that would provide a strict screening process that would not affect their user experience, so they chose Shufti Pro as it was the most suitable company that understood their risks and requirements completely and had the ability to provide a risk cover they needed.

Shufti Pro not only provides online services but adds a seamless layer of security to the user experience of its customers. It’ll enable Kabayan Remit to verify its customers from the UK, Canada, and Europe within 15-60 seconds. The AML laws in the EU region are quite strict and Shufti Pro’s services perform in-depth identity screening with 98.67% accuracy which will help Kabayan Remit to practice AML compliance as well.

Speaking about this partnership, Simon Roberts, CEO of Kabayan Remit said; 

“Kabayan Remit operates in the very competitive money transfer sector providing an online remittance service from the UK, Canada and Europe to the Philippines. The sector is highly regulated with AML compliance a key issue for all Money Service Businesses. Using Shufti-Pro for electronic document verification enables us to develop a competitive advantage by speeding up the onboarding process providing our customers with a smoother, more frictionless journey to sending money to family, friends and loved ones in the Philippines.”

Shufti Pro is also excited to onboard an entity with a shared vision of providing an unrivalled customer experience. Victor Fredung CEO of Shufti Pro expressed his confidence towards this collaboration and said; 

Shufti Pro provides unparalleled customer experience and it’s our competitive edge. We are happy to provide the services that go beyond fraud prevention and can help Kabayan Remit in sustaining its seamless customer experience. We’re excited about this partnership and look forward to maintaining it for a long time.”

About Kabayan Remit

Established in June 2012 in the United Kingdom, Kabayan Capital Limited (trading as Kabayan Remit) is a private online money transfer company, specialising in money remittances from the UK, Canada and Europe to the Philippines. The company was founded on the principle of providing unparalleled money remittance services for Filipinos who work hard overseas to send money to their loved ones back home. Its easy-to-use website and mobile app provide a more affordable and convenient way for customers to send money to the Philippines. http://www.kabayanremit.com 

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.

Contact sales@shuftipro.com to get on board

temtum

World’s Fastest Crypto Payment Network temtum Partners with Shufti Pro on New Digital Screening Measures

London, UK – (8th April 2020) Temtum, the quantum-secure, efficient, and carbon-neutral cryptocurrency network that is the fastest in the world with 120,000 transactions per second, today announced it has partnered with leading identity verification service Shufti Pro to provide document confirmation and AML/KYC screening services for its customers.

This partnership comes on the heels of the European Union’s Fifth Anti-Money Laundering Initiative (5AMLD). 5AMLD expands its anti-money-laundering focus to cryptocurrency service providers, with the goal of improving financial transparency and combating nefarious activities ranging from illegal gambling all the way to terrorist financing. A 2019 study found that 63 percent of cryptocurrency exchanges were lacking in KYC security, revealing the need for an increased, industry-wide focus on KYC/AML practices. With 5AMLD regulations in place, cryptocurrency service providers must do their part to meet KYC/AML standards, and Shufti Pro gives temtum the tools to achieve this.  

“temtum is the world’s fastest way to use crypto, and with that speed, we also need to efficiently manage identity verification,” said Richard Dennis, Founder and CEO of temtum. “Shufti Pro gives us a first-in-class solution for customer screening and verification, providing safety and peace of mind as you use the fastest crypto network in the world.” 

Shufti Pro will digitally verify the identity of temtum’s customers while minimizing risk to those same customers through the strongest safeguards in the industry.  Major identity credentials such as Dates of Birth (DoB), addresses, names, document numbers, document issue dates and expiration dates will all be verified by Shufti Pro in real-time. 

“Shufti Pro is very enthusiastic to onboard yet another great customer,”  said CEO Shufti Pro Victor Fredung. “temtum is among the most impressive technologies in our diverse client set, and we look forward to providing our unparalleled authentication services for their truly innovative blockchain network.”

Temtum was designed as a new architecture built from the ground up to transform the way that value is exchanged and stored. Temtum can be used on a standalone basis from wallet to wallet, via SMS, or integrated into payment systems worldwide using a simple QR code. Its SMS payments are the first decentralized, network-based text message payments solution and allow anyone to send crypto instantly with a feature phone (flip phone) or a smartphone. Given this revolutionary product, the need for robust fraud prevention was also inevitable, so Shufti Pro proved to be a reliable partner in this regard. 

About temtum

Temtum (TEM) is a fully deployed digital currency that is ultra-fast, quantum-secure, and infinitely scalable. With a patent-pending architecture, temtum solves the fundamental limitations of blockchain networks, including speed, security, scalability, and energy usage. To learn more, please visit https://temtum.com/

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!

ACE

Shufti Pro partners with Amsterdam Coin Exchange (ACE) to verify their customers

London, (March 2020), Shufti Pro onboarded Soliditry B.V to verify the customers in its daughter company Amsterdam Coin Exchange (ACE). Shufti Pro will provide document verification, AML screening, and ongoing screening services to perform in-depth screening on the customers. 

The Amsterdam Coin Exchange (ACE) is a group company of Vondellaan Vastgoed Beheer B.V. and majorly operates in the real-estate investments. It offers investments in rented residential real estate, specifically Dutch homes and migrant housing. Also, the Amsterdam Coin Exchange (ACE) allows investors to trade their cryptocurrency HYTAR and other crypto currency at the best rate and to gain experience with blockchain techniques.

Given their business practices and industry robust identity screening is inevitable. Identity theft is increasing and cryptocurrency platforms are manipulated to make anonymous transactions. On the other hand, real-estate is exploited for money laundering. KYC and AML regulations are implemented in the cryptocurrency and real estate sector to control identity theft, money laundering, and terrorist financing. Robust customer due diligence is the need of the hour. 

Responsible enterprises such as Amsterdam Coin Exchange invests in KYC and AML screening of their customers to fight frauds and deliver better customer experience. ACE offers a Cryptocurrency named HYTAR that has stable coin characteristics. Meticulous fraud prevention is necessary to achieve the targeted growth of the cryptocurrency. Ongoing customer screening is necessary to stay updated regarding the risk related to the customers. Also, the future global expansion plans demanded a customer screening solution with experience in verifying global entities.  

Given all these needs of Amsterdam Coin Exchange (ACE), Shufti Pro proved to be a reliable partner to fulfil their customer due diligence needs. Shufti Pro will provide document verification and AML screening services to help ACE onboard a reliable clientele. Ongoing screening services will help in proactive fraud management. Shufti Pro’s services are designed keeping in view the diverse clientele of the businesses, so the user interface is quite simple and swift, making the overall end-user experience seamless. As the customers will be verified within seconds, so there is no fear of losing customers due to long verification processes of ongoing screening. 

ACE is very positive about this collaboration and looks at it as a long-term partnership. Samreen Vos, compliance officer of ACE said, 

“By starting a collaboration with Shufti Pro we hope it will enable us to get to know our clients better: who is our client, who are the owners/ultimate stakeholders and does the relationship with our client pose a risk? This is particularly true where we aim to extend our services geographically, in particular outside the Netherlands and our European Union. With sound policy and our business alliance with Shufti Pro, we want to prevent unknowingly contributing to financial and economic crime. Moreover, we can use our integrated software to regularly scan our existing customer base for new signals. Such a collaboration can help us move even closer to achieving our long-term goals of prosperity and decentralized cooperation between all our stakeholders.” 

The services of Shufti Pro are completely aligned with the long-term goals of Amsterdam Coin Exchange. It will provide global coverage, updated customer risk insights through ongoing screening and growth through proactive fraud management. Speaking about this partnership, Victor Fredung CEO Shufti Pro said, 

“Shufti Pro provides unparalleled customer experience and it’s our competitive edge. We are happy to provide the services that go beyond fraud prevention and can help ACE achieve its long-term goal. Shufti Pro is excited about this partnership and looks forward to maintaining it for a long time.”

About Amsterdam Coin Exchange

The Amsterdam Coin Exchange (ACE) is a group company of Vondellaan Vastgoed Beheer B.V., founded in 2014, with activities in the field of investment objects and residential real estate. In combination with its proprietary HYTAR token, ACE offers private investors in The Netherlands and abroad, low-barrier membership and entry benefits. With its 15-year track record, Vondellaan Vastgoed has over 140,000 users of its services, including over 250 direct investors in various ongoing real estate projects. 

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.

Contact sales@shuftipro.com to get on board.

Boatigo joins hands with Shufti Pro

Boatigo joins hands with Shufti Pro to develop a Secure Online platform for the Boating Community

London, UK – (February 2020) Shufti Pro will provide ID verification and liveness detection services to Boatigo Pty Ltd. It will help Boatigo deliver a secure environment to its online community of captains and passengers. 

Boatigo is reshaping the boating experience by bringing boat owners and boat passengers on a unique platform. It allows the captains to register their boat on its platform and crew the ability to secure seats online. Since fraudsters are everywhere, becoming an intermediary required taking concrete steps for the security of passengers using Boatigo to get out on the water. 

The problem was they wanted to practice high-security standards on their platform while maintaining efficiency. Shufti Pro helped them perform swift, real-time verifications on boat captains and crew before allowing them to list vessels or secure seats. Shufti Pro provides swift verifications at economic prices with high efficiency. It helped Boatigo save time, effort, and money. 

Identity verification services of Shufti Pro delivered with 98.67% accuracy will provide a global risk cover to Boatigo. It’ll be able to screen captains and crew registering on their website. It will ensure the safety of passengers using Boatigo to find seats on boats. Boatigo is taking a bold step by connecting the stakeholders in the boating industry. So, security is vital to gain success and onboard a trusted clientele. 

Developing an in-house solution is quite expensive and manual verification doesn’t go well with their business model. So they took a wise decision and joined hands with Shufti Pro to share their due diligence burden. Shufti Pro will verify the government-issued ID card for them along with liveness detection, helping Boatigo gain useful insights about their customers. 

Talking about this collaboration, Joel Keane, CEO of Boatigo, said;

“Boatigo is very different from most other peer-to-peer services because the captain and crew interact on the same trip out on the water in a boat. Our initial community discussions highlighted a concern around community member authenticity.  Shufti Pro allows us to securely verify our community member identities by means of a government-issued ID and a liveness check. This gives both Boatigo and our community members peace of mind that people on the platform are who they say they are. Furthermore, Shufti Pro completely automates this process for us, which saves valuable time and development costs.”

Shufti Pro is also excited to start this partnership with Boatigo. Victor Fredung, CEO Shufti Pro said,

“We have our pride in providing global services to businesses with diverse business models, and Boatigo is an unusual business. Our solutions fit well in different roles, either for obligatory customer screening or fraud prevention. We look forward to maintaining a long-term relationship with Boatigo.” 

Shufti Pro is one of the pioneers in the industry for verifying people in more than 232 countries and on-boarding unique businesses from different corners of the world. It believes transparency in B2C and B2B relationships is a key to long term relations. So, it provides economical prices to help businesses grow in a fraud-free environment. It is the vision of the company to play a significant role in the development of fraud-free cyberspace.

About Boatigo 

Boatigo is a tech company that has developed a marketplace to bring boat owners and users together to limit the wasted seats on recreational boats. The platform is designed to help owners list their spare sets and for the general public to secure the additional seats on these boats.  Boating is expensive, and every day there are a large number of recreational vessels out on the water with spare seats. Boatigo is bridging the gap between recreational boat owners and users, bringing them together in a secure community built on trust that allows boats to be used more efficiently.

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 230 countries and territories, 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 KuBitX to help them onboard a secure clientele

Shufti Pro partners with KuBitX to help them onboard a Secure Clientele

London, UK – (February 2020) Shufti Pro will now verify the customers of the blockchain-based digital asset marketplace – KuBitX to help them onboard a secure clientele from within Africa and around the globe. 

Shufti Pro’s KYC services are designed while keeping in view different business models. KYC solution of Shufti Pro powered by Artificial Intelligence can verify people from around the globe in real-time and delivers highly accurate results within 30 seconds. Shufti Pro is the perfect answer when businesses are looking for an economical solution, competitive services, and a highly co-operative team. Shufti Pro’s solutions can be integrated easily with any business platform with seamless API integration. KuBitX is a block-chain based company and it was looking for all these qualities in its potential partner. 

KuBitX is a digital asset marketplace that offers a wallet for the global clientele to perform complex financial operations in a simple manner. KuBitX delivers an advanced yet simple trading platform for digital asset trading.  Easy to use digital asset exchange not only exposes global projects to Africa but also exposes African projects to the globe. Other than that, it also provides KBX Wallet – payments, remittance, and OTC Wallet that uses stable coins to facilitate the near-instant transfer of value across the globe. Users can leverage any of their digital assets in the app to pay bills from over 3000 merchants at the moment. It’s a huge project that includes a lot of people, which is why transparency is important. 

KuBitX has initiated a unique platform for the global community, so taking some concrete steps to prevent fraud and financial crime is essential. Customers are a dear asset for any company but developing a transparent relationship with them ensures longer connections and growth. KuBitx chose Shufti Pro’s KYC screening solution to verify its global clientele. Shufti Pro has proved it time and again that its solutions are designed to keep pace with the next generation businesses and onboarding KuBitX proved its stance. 

Shufti Pro’s solution will be used to verify their customers both for their trading platform or the KBX wallet for online transfers. Talking about this partnership, Victor Olorunfemi, VP, Products and Technology, KuBitX said;

“ShuftiPro is not just another KYC AML provider, they are a business that takes their customers seriously and is very responsive when it comes to providing support. They have a wide range of international KYC tools as well as the flexibility to cater to the peculiar requirements in some countries. Integration of their tools are seamless and they carry out continuous improvements, sometimes in response to customer feedback. As long as they keep up this level of quality or even step it up some more, I will recommend their services.”

Shufti Pro is excited to onboard KuBitX and its CEO, Victor Fredung said;

“Shufti Pro is excited to onboard KuBitX. We aim to maintain this partnership for a longer period by providing them our best services. Our support team is available 24/7 considering the diverse clientele that we serve.”

Shufti Pro is all set to expand its client base with the addition of KuBitX in it. The company has taken another step towards its vision to make cyberspaces fraud-free.

About KuBitX 

KuBitX is a blockchain technology company creating easy to use solutions to enhance financial inclusion in emerging markets starting with Africa. Currently, it has two products, one is KBX Wallet – a Payments, Remittance, and OTC Wallet that uses Stable Coins to facilitate near-instant transfer of value across the globe. And the other is KuBitX Exchange – an easy to use digital asset exchange that not only exposes global projects to Africa but also exposes African projects to the globe. Its app is available on Google PlayStore and will soon be available on the Apple Appstore.

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.

Bonorum joined hands with Shufti Pro to run a secure trade platform

Bonorum joined hands with Shufti Pro to run a secure trade platform

London, UK – (January 2020) Shufti Pro partnered with Bonorum to help them perform efficient KYC/AML screening on their community of businesses and investors. 

Shufti Pro proved yet again that its solutions hold the potential to serve a diverse clientele. It partnered with Bonorum, a next-generation DLT-based trade finance platform focused on serving corporates and SMEs. Bonorum will align contributors with enterprises by providing a more efficient alternative to traditional trade finance. In this way, Bono will help businesses secure the financing they need while offering contributors access to the trade finance sector. 

Whenever such a diverse community is developed online, the need for strict due diligence measures is necessary. Bonorum’s business model requires onboarding corporates and investors to their digital platform, so it is critical that they implement effective fraud prevention measures. They also have to ensure that their customers are who they claim to be. To achieve this transparency, Bonorum knew that traditional manual KYC/AML measures were too slow and unreliable for their business model to succeed. 

Shufti Pro proved to be the best solution for their need. It provides global coverage in its identity verification services and helps businesses attain a global risk cover. Shufti Pro can verify the individuals, as well as businesses with high accuracy and the customers of Bonorum include both. Shufti Pro will be providing document verification services to Bonorum. It will verify the identity documents in real-time assisting the company in onboarding customers swiftly and safely. 

Expressing the confidence towards this partnership, the founder of Bonorum, Bunty Agarwal said, 

We turned to Shufti Pro to provide Bonorum with the capability of doing automated KYC/AML checks for our users in over 150 countries using multiple types of identification documents. Shufti Pro’s new business KYC service will help us with enterprise verification as we continue to grow our business and expand our services.”

Shufti Pro has proved time and again that it has the potential for businesses with different business models. Its solutions are designed keeping in view the global need for KYC/AML compliance and risk prevention. 

Victor Fredung, CEO of Shufti Pro expressed his excitement towards this partnership and said, “Shufti Pro is very enthusiastic to onboard yet another great customer. We aim to maintain this partnership for a longer period by providing them our best services. Working with diverse businesses such as Bonorum is always a great experience.”

About Bonorum 

Bonorum is a technology platform that assists businesses in secure trade finance. Bonorum aligns Contributors with Enterprises by providing a low-cost alternative to traditional Trade Finance. The Bonorum platform enables contributors to share in the commercial success of Enterprises. Transactions are fully securitized on the blockchain to provide Contributors with transparency and a permanent record of operations and to digitize paper-based processes such as KYC, document authentication, file storage, credit histories, and even payments.

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 Receives 2019 Great User Experience and Rising Star Honors as a Verification Identity Service in B2B Review Platform

Shufti Pro Receives 2019 Great User Experience and Rising Star Honors as a Verification Identity Service in B2B Review Platform

We’ve recently wrapped up another year of upholding our clients’ business integrity and security through state-of-the-art verification technology here at Shufti Pro. One of the highlights of 2019 was having been awarded two CompareCamp distinctionsthe 2019 Great User Experience and Rising Star Awards. 

CompareCamp is one of the most respected online resources of B2C and B2B review articles and comparisons. Its core goal is to provide insightful product reviews and information on various software solutions so that readers can see if it is a good fit for their business.

Shufti Pro fills possible security gaps for various businesses without plaguing them with unnecessary steps in the process of identity verification. Through features such as biometric facial recognition, human verification, and anti-spoofing techniques, we’ve made it our mission to strike a balance between precise verification and convenience—a feat that we’re glad has been recognized

We offer the quickest ID verification in real-time and don’t keep end-users waiting to get authenticated to crucial online accounts. Our multilingual OCR supports 150+ languages for users in 230+ countries and territories. 

With integration of both HI and AI within our system, we guarantee up to 98.67% precise verification. This level of accuracy and good user experience are two such software criteria that customers judge, often validated with the Rising Star of 2019 award. And we’re happy and proud to announce that Shufti Pro has garnered positive customer traction to win this distinction. 

After receiving these awards, and as we move forward into the new decade, we aim to build on our current model to provide even faster and more convenient identity verification software. 

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

FCA 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 98.67%. Recently it onboarded an innovative banking company Bilderlings that delivers next-generation banking services to businesses and individuals. 

Bilderlings is regulated by FCA 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!

PR Drake

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!

Plotpeer

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 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

GDPR

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

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

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

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.

ArtPro avails KYC

ArtPro avails KYC services from Shufti Pro

(Bath, United Kingdom – September 27th, 2018) ArtPro has partnered with Shufti Pro to avail ID verification and KYC registration services. ArtPro will be utilising identity verification services from Shufti Pro in order to perform authentication of client credentials for its upcoming ICO. Shufti Pro’s Artificial intelligence based verification services were considered perfect match for the specific needs for this blockchain based startup that intends to transform the way artwork is bought by investors and secured from copycats in modern age.

ArtPro intends to engage multiple benefits of Blockchain in order to revolutionize art market by not only securing the interest of artists but also supplying original works to investors and buyers. Transactional safety was also a major aspect of the business model introduced by ArtPro. In order to allow for in-app purchases, ArtPro wanted to hold an ICO for a virtual token. They were searching for an identity verification service that can validate the credentials of potential investors in least possible processing time for pre-ICO and crowdsale stages. Superior quality of Shufti Pro’s services and real time verification results brought together both the companies. Commenting on the joint partnership between the 2 companies, an executive of ArtPro said that

“We’re really excited about working with Shufti Pro; the decision to appoint them to oversee our KYC verification was not one we took lightly. We looked into a number of different providers but the approach from Shufti Pro stood out from the moment we made contact with Victor. They understand the importance of cost management for a business like ours as much as the processes they are undertaking. It was important to us to be able to offer our investors a safe, fast but cost effective way of working with us.”

Shufti Pro quickly understood the specific needs of ArtPro and customization required in their different modules to match the verification needs of their client. Victor Fredung, CEO of Shufti Pro explains the significance of the partnership in following words:

Shufti Pro is itself based on futuristic technologies and that’s why we fully appreciate efforts of companies like ArtPro to make art world free of copycats and fraudsters. We really look forward to play our role as premier verification service to secure the precious artwork created by talented artists.”

Shufti Pro will not only be involved in customer onboarding process during Pre-ICO and Crowdsale but Post fundraising as well. Shufti Pro will provide kyc services to ArtPro on an ongoing basis to assist with the creation of their online market place. ArtPro will create a marketplace with buyers, sellers, authenticators and art specialists all of whom will be verified in order to interact with rating based system of ArtPro.

____________________________________________________________________________

About Shufti Pro

Shufti Pro is an emerging name in verification services 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

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About ArtPro

As the first blockchain supported online marketplace, we are really excited to introduce this technology and a fresh take on the somewhat cloistered art market. Traditionally, art has been bought and sold in an unrecorded fashion with a gentleman’s handshake sealing the deal. ArtPro is the first Blockchain powered online art market, providing verifiable art to the masses. The use of blockchain for provenance and smart contracts for transactional safety, ArtPro will be the go-to marketplace for collectors and investors alike.

Shfuti Pro Partners With Swiss ALPS

Swiss Alps Mining partners with Shufti Pro for KYC & AML Compliance

(Bath, United Kingdom – July 16th, 2018) Swiss Alps Mining has partnered with Shufti Pro to avail KYC & AML Compliance services for ICO of its crypto token. A switzerland based blockchain startup, Swiss Alps Mining is a cryptocurrency mining plantation that optimizes electricity consumption in the coin mining process such as Bitcoin, Ethereum, Zcash and Dash.

In order to raise funds for future expansion and product development, Swiss Alps Mining decided to launch a cryptocurrency by the name of Sam. The funds raised in the ICO will be used to finance the development and expansion of the mining facilities and to acquire holdings in hydropower plants. The SAM token is an ERC20 token. It can be used as means of payment within the SAE mining and service universe and will be tradable outside the SAM platform on all relevant exchanges.

In a bid to verify the identity of its investors and to mitigate any financial crime risk posed against its ICO, SAM turned towards Shufti Pro. The swiss startup was impressed by end-to-end ID verification services provided by Shufti Pro. KYC and AML Compliance from Shufti Pro fulfilled all the professional demands of SAM, something that was crucial for the swiss startup. CEO of Shufti Pro, Mr. Victor Fredung had this to say about the joint collaboration between the 2 companies

“Shufti Pro put genuine efforts in understanding the individual needs and demands of Swiss Alps Mining. It was crucial for us to deliver top notch KYC and AML compliance services to make their future venture a success story.”

Shufti Pro’s industry best processing time of 30-60 seconds to perform identity verification ensured a robust customer onboarding process for Swiss Alps Mining. AML compliance from Shufti Pro made sure that the investors showing interest in ICO of Sam were not red flagged by national, regional or international watchdogs. This was made possible with the help of Shufti Pro’s large databank that contains information from 1000 watchlists, sanctions list and Politically Exposed Persons. In addition to that, Shufti Pro performs background checks from 3000 databases maintained by financial law enforcement agencies from around the globe.

SAM was targeting to achieve a global success for its ICO and this also became a vital aspect in selection of Shufti Pro as the verification partner of SAM. Shufti Pro has a global language support which means that documents printed in every language of the world can be verified by Shufti Pro.

Both SAM and Shufti Pro look forward to a mutually beneficial relationship, creating a more vibrant atmosphere for blockchain technologies.

About Shufti Pro

Shufti Pro is an emerging name in verification services 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

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Swiss Alps Mining AG

Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy’s operating business. SAE is a Swiss startup company in the area of crypto mining and energy, located in Huenenberg, Canton of Zug. SAE plans to start operating crypto mining farms in the Swiss alps in 2018 – a pioneering project. These farms are situated in buildings no longer used by local farmers. SAE will at the same time operate small hydropower plants to produce the electricity needed for crypto mining.

Shufti Pro partners With KicICo

KICKICO signs up with Shufti Pro for AI powered ID Verification services

(Bath, United Kingdom – July 16th, 2018) Shufti Pro has signed a deal with KICKICO to provide its AI powered ID verification services. Shufti Pro will be assisting this crowdfunding website in validating the identity of the users that sign up for its various services.

The KICKICO Platform is an online blockchain technology-based crowdfunding platform, which shall provide opportunities to its potential clientele regarding launch of ICOs and crowdfunding campaigns. In addition to this, KICKICO will be offering various support and safety services related to the launching of ICOs, pre-ICOs, and crowdfunding campaigns to make ICOs a success stories. Shufti Pro was chosen by KICKICO for its top quality ID verification services to create a reliable customer base that will be interested in investing a substantial amount of capital in promising ICOs.

KICKICO will be allowing its user base to make in-app purchases and for this purpose KICKICO has also launched an ethereum based virtual currency by the name of KickCoins. The KickCoin digital token is a cryptographically secured representation of a token-holder’s rights to obtain in future the services and goods through the KICKICO Platform, which only a token-holder may purchase for the KC. Talking about the collaboration between the 2 companies, Victor Fredung, CEO Shufti Pro said that:

 

“KICKICO has the potential to change the way crowdfunding projects and platforms operate. We are really looking forward to provide our ID verification services to this ingenious product and to assist this visionary company in creating a trustworthy base of investors that will be helping innovators and entrepreneurs in the future to develop technologies and products that will revolutionise our daily way of life”

 

It is imperative for the success of crowdfunding platforms that they hold a substantial number of genuine and diverse investors who are willing to support and make worthy pledges to the ideas presented by entrepreneurs and inventors of this age. ICOs help to collect targeted funds for ventures and projects that can do wonders for human race. But to ensure that the investors who are signing up on KICKICO or pledging funds to the digital currency KickCoin are 100% genuine and hold genuine credentials, ID verification services was utmost priority for KICKICO. That’s where Shufti Pro came in the picture with its highly advanced yet easy to use ID verification services suite.

With an industry best processing time of 30-60 seconds and ability to verify documents published in any language of the world, Shufti Pro won the competition by a long shot. KICKICO was really impressed by the ability of Shufti Pro to validate the identity of every individual user, because of its worldwide coverage. This meant that KICKCO will be able to host investors from any country of the world, thus ensuring a smooth cash flow for future ICOs and ventures that will be presented on this crowdfunding platform.

________________________________________________________________________________________

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 KICKICO

KICKICO sits at the intersection of two young industries: blockchain and crowdfunding. Both of these industries have great potential, but both are rife with failed projects and outright scams. KICKICO moves crowdfunding from centralized platforms (such as Kickstarter) to Ethereum-based smart contracts. This not only allows us to implement the crowdfunding model in a decentralized way – significantly reducing overhead – it also provides a mechanism to protect backers from failed projects: guaranteeing their investment with blockchain-based tokens called KickCoins. KICKICO will provide users with a powerful, convenient, and up-to-date platform for both ICO (Initial Coin Offering) and crowdfunding campaigns.

Digital Kyc Services

Howdoo and Shufti Pro enters into partnership for Digital KYC Services

BATH, UK – (July 4, 2018) – Shufti Pro will be partnering up with Howdoo to provide Digital KYC services that will help the social media platform with efficient customer onboarding and validation of credentials provided by future users.

Shufti Pro is an Artificial & Human Intelligence based end-to-end Identity verification SaaS product. A GDPR and PCI compliant solution, Shufti Pro strives to provide flawless digital KYC services and AML Compliance to a worldwide audience. Howdoo, on the other hand, is a blockchain based social platform providing users with a unique opportunity to take control of their social media content. Howdoo envisioned to bring together a community of global users for better content, smarter communication and enhanced security of data. In order to ensure that access to their highly secure social media platform is not breached by scammers or users with fake identities, Howdoo turned to Shufti Pro.

But even before settling down with Shufti Pro, Howdoo executives made sure to conduct thorough market research. They needed to find Digital KYC services from a company that understood what it takes to secure the interests of users. A company that realises the prowess of blockchain and how it can be utilised in creating a feature-rich social platform like Howdoo. Shufti Pro’s passion to create an online marketplace without a shred of fraud and scam really hit the right note with Howdoo management.

CEO of Shufti Pro, Mr. Victor Fredung highlighted the importance of this collaboration among two tech companies in following words:

“Digital KYC services from Shufti Pro are perfect match to user-centric platform like Howdoo. Our entire team at Shufti Pro is very excited to work with a professional organization like Howdoo and we are hopeful that this will be beginning of a mutually beneficial relationship that will bring lot of opportunities for both companies to learn from each other. Our industry best time of processing an official document in 30-60 seconds will surely streamline the customer onboarding process for Howdoo”

One of the major aspects of partnership between Howdoo and Shufti Pro is the global outreach of this smart verification product, as well as the ability of Shufti Pro to verify official documents in every language of the world. It means that Howdoo will be able to register developers, content creators and advertisers from all over the globe using Digital KYC services from Shufti Pro. As a platform that has the ambition of truly going past traditional barriers of physical borders, this feature of Shufti Pro was truly exciting for Howdoo

__________

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

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Howdoo

Howdoo is a new age social media platform developed by utilising the Ethereum blockchain. Not only content creators are invited to showcase their individualistic content on Howdoo but the makers of this exciting platform have also arranged for smooth revenue stream for these creators. Innovative collaboration, secure communication and traceable content are going to be cornerstone of  Howdoo.

id verification services

Shufti Pro joins hands with Norwegian game studio ArtPlant for ID Verification Services

BATH, UK – (July 4, 2018) – Shufti Pro has partnered with a Norway based game studio, Artplant to provide ID verification services in addition to AML Compliance. The partnership between the two tech companies will be focused towards Blockchain based games designed and operated by ArtPlant like Parsec Frontiers.

ArtPlant is not a run of the mill games studio but it is established with a sole vision to develop multiplayer games keeping blockchain in mind and giving an advanced level of control and stake to the gaming community. In order to provide a safer access to its valued gamers and to prevent them from interacting with scammers, ArtPlant turned to the tried and trusted services of Shufti Pro. 

Documents Verification services from Shufti Pro will enable ArtPlant to authenticate the identity of potential gamers who are interested in becoming part of their global gaming community. To safeguard in-game purchases, ArtPlant is also utilising AML compliance solution of Shufti Pro to offset any financial risk to their online gaming community and future ventures.

ArtPlant was in need of ID verification services that can provide worldwide support without being limited to verification of gamers from only a select number of countries or particular region of the world. Thus the worldwide coverage provided by Shufti Pro made it the ideal choice for the management of Artplant. Talking about the deal stuck between the 2 companies, CEO of Shufti Pro, Mr. Victor said

” It is a great pleasure for us to be working with ArtPlant to provide secure gaming environment for a worldwide gaming community. Shufti Pro has always strived to find out new ways to make online marketplace secure and our recent partnership with ArtPlant clearly showcases our resolve to widen our horizon of ID verification services.”

Shufti Pro and Artplant share a mutual vision of an online world that is free of any scams and fraudulent activity. With Artplant’s specific expertise based in blockchain based multiplayer gaming, Shufti Pro was able to integrate its Artificial Intelligence based solution into pre-existing gaming portal of ArtPlant.

Now every Identity Document provided by future gamers of ArtPlant will be validated within 30-60 seconds and at the same time, robust system of Shufti Pro will perform background checks for AML Compliance. Shufti Pro will be conducting AML Background checks against 1000 Watch Lists and Sanction Lists in addition to 3000 databases maintained by world renowned financial watchdogs like UN, Interpol, Austrac and FSA.

________

About Shufti Pro

Shufti Pro is an emerging name in verification services 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

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About ArtPlant

Artplant is a Norway based Games studio involved in development of exciting new games. In 2015, Artplant bought IGI brand from Square Enix. The company is venturing into blockchain based games with Massive Multiplayers Online Worlds game titled “Parsec Frontiers” allowing greater control to future gamers. This game will be providing a complex virtual economy with an option for tradable assets stored and tracked on blockchain, creating a more involved community of gamers.

Shufti Pro partners with Cryptology – Leading Crypto & Fiat Exchange Platform

The Global Exchange platform has selected Shufti Pro for unique automated digital KYC processes that improves overall efficiency.

BATH, UK – (May 27, 2018) – Cypher PTE Ltd, aka Cryptology, has now simplified its onboarding, and verification processes with Shufti Pro’s pioneering AI based technology that uses Machine Learning algorithms to make split second decisions with complete efficiency. With real-time user identification, Cryptology remains on top of it’s due diligence without having to worry about being on constant alert for falsified individuals entering the system. Shufti Pro will now take care of that.

Cryptology is one of its kind start-up company that envisions to make exchange of cryptocurrency hassle free for its users. Currently operating through its iOS and Android apps, Cryptology plans to extend its business operations with the help of a web application as well in near future. With easy to use interface that supports multiple wallets, Cryptology presents a stock exchange for crypto enthusiasts. Working for a reliable crypto future, Cryptology is looking to resolve issues like complexity of fiat transactions, high commissions and sluggish customer support.

The need for KYC

To ensure secure transfers and in order to eliminate the risks of fraudulent activities or fake users on their newly launched crypto exchange, Shufti Pro was chosen by Cryptology. Shufti Pro will be providing PCI compliant KYC Services on their chosen mobile/web platforms. The distinctive features of KYC services from Shufti Pro will allow Cryptology to verify credentials of its users from all around the globe. By having a KYC partner that affords universal language support; Cryptology’s global outreach to it’s user will be fully enabled.

Fraud prevention and risk mitigation are not the only features that Shufti Pro brings to this partnership. The Artificial & Human Intelligence Hybrid system of Shufti Pro also provides real time verification so that the users of cryptology don’t have to wait for hours before their identity and financial credentials can be verified. Flawless SDK integration of Shufti Pro with Cryptology app will create a hassle free UI/UX for the members.

Talking about the partnership with Cryptology, CEO of Shufti Pro, Mr. Victor Fredung said that, “We are proud to have partnered with an upcoming venture like Cryptology. Their business model was in need of a reliable identity verification system that also provided a seamless integration with their iOS and Android Apps. Shufti Pro ticked all those boxes. Not only that, but the scope of our worldwide services and universal language support means that any person sitting in any part of the globe, having credentials in any language, will be able to buy and sell cryptocurrency on Cryptology apps. Now that is what we call a giant leap towards a crypto future”

On the other hand, COO Cryptology Mr. Anton Kalin has this to say about the partnership: “Cryptology is a newbie-friendly global cryptocurrency exchange. It provides credit and debit card deposit options, lots of tokens to trade, and easy verification procedure at the same time. Guys from Shufti Pro do exactly what we expected them to do, automating KYC and letting us grow faster. They were the first to respond to our cooperation request! We are totally happy to have chosen them and definitely look forward to continuing our highly productive cooperation.”

Implementation of KYC services for a cryptocurrency exchange is a welcoming opportunity for market enthusiasts who want to benefit from huge potential of cryptocurrency without risking their investment capital or identity credentials. PCI and GDPR compliant identity verification services from Shufti Pro will also ensure that the data shared by Cryptology customers and members for verification will be fully secure and cannot be breached by any brute force.

_______________________________________________________________________________________

 

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

+44 (123) 456-7890

190 Englishcombe Ln, Bath, United kingdom.

About Cryptology

Cryptology is a team of crypto enthusiasts looking for ways to offer mass access to the crypto market through a marketplace that would cater to all needs at once.Company’s main goal is to simplify the digital & fiat currency exchange transactions for all users. Cryptology strives to create a single platform bringing together fiat transactions and a variety of tokens. Complex procedures will become a thing of the past, as users will be able to buy tokens with fiat currencies. Everything you need will be available on a single platform. You won’t have to deal with high commissions on fiat transactions, difficult KYC procedures and slow support. The key advantage of Cryptology is its own payment system that allows them to manage fiat transactions and offer users, a competitive service fees.

shufti pro cryptology partnership

Cryptology partners with Shufti Pro For KYC Services

BATH, UK – (June 20, 2018) – Cryptology is an online crypto exchange that has joined hands with Shufti Pro to utilise cutting edge KYC services provided by Shufti Pro to verify the identity and financial details of its members.

Cryptology is one of its kind start-up company that envisions to make exchange of cryptocurrency hassle free for its users. Currently operating through its web and mobile apps, Cryptology plans to extend its business operations to touch new horizons, in near future. With easy to use interface that supports multiple wallets, Cryptology presents a virtual stock exchange for crypto enthusiasts. Working for a reliable crypto future, Cryptology is looking to resolve issues like complexity of fiat transactions, high commissions and sluggish customer support.

Partnership for KYC Services

To ensure secure transfers and in order to eliminate the risks of fraudulent activities or fake users on their newly launched crypto exchange, Shufti Pro was chosen by Cryptology. Shufti Pro will be providing PCI compliant KYC Services on their web app platform, via its RESTful API. The distinctive features of KYC services from Shufti Pro will allow Cryptology to verify credentials of its users from all around the globe. Shufti Pro also provides universal language support, further enabling the outreach of Cryptology as a cryptocurrency exchange.

Fraud prevention and risk mitigation are not the only features that Shufti Pro brings to this partnership. The Artificial & Human Intelligence Hybrid system of Shufti Pro also provides real time verification so that the users of cryptology don’t have to wait for hours before their identity and financial credentials can be verified. Flawless API integration of Shufti Pro with Cryptology’s web app will create a hassle free UI/UX for the members.

Talking about the partnership with Cryptology, CEO of Shufti Pro, Mr. Victor Fredung said that, “We are proud to have partnered with an upcoming venture like Cryptology. Their business model was in need of a reliable identity verification system that also provided a seamless integration with their system. Shufti Pro ticked all those boxes. Not only that, but the scope of our worldwide services and universal language support means that any person sitting in any part of the globe, having credentials in any language, will be able to buy and sell cryptocurrency on Cryptology app. Now that is what we call a giant leap towards a crypto future.”

On the other hand, COO Cryptology, Mr. Anton Kalinin has this to say about the partnership: “Cryptology.com is a next generation cryptocurrency exchange that makes fiat and cryptocurrency trading easy and secure. Our user friendly web platform provides attractive conditions for professionals and offers an option of a mobile app for those wanting to trade on the go.

Guys from Shufti Pro did exactly what we expected them to do, automating KYC and letting us grow faster. They were the first to respond to our cooperation request! We are totally happy to have chosen them and definitely look forward to continuing our highly productive cooperation.

Implementation of KYC services for a cryptocurrency exchange is a bright sign for people who want to benefit from huge potential of cryptocurrency without risking their investment capital or identity credentials. PCI and GDPR compliant identity verification services from Shufti Pro will also ensure that the data shared by Cryptology customers and members for verification will be fully secure and cannot be breached by any brute force.

_______________________________________________________________________________________

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

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About Cryptology

Cryptology is a team of crypto enthusiasts looking for ways to offer mass access to the crypto market through a marketplace that would cater to all needs at once.Company’s main goal is to simplify the digital & fiat currency exchange transactions for all users. Cryptology strives to create a single platform bringing together fiat transactions and a variety of tokens. Complex procedures will become a thing of the past, as users will be able to buy tokens with fiat currencies. Everything you need will be available on a single platform. You won’t have to deal with high commissions on fiat transactions, difficult KYC procedures and slow support.The key advantage of Cryptology is its own payment system that allows them to manage fiat transactions and offer users, a competitive service fees.

MoneyConf

Meet Us at MoneyConf 2018 in Dublin!

Shufti Pro, a high-end identity verification service will be present at MoneyConf that is slated to be held in Dublin from June 11 to June 13, 2018. Dubbed as “World’s Fastest Growing FinTECH Event”, MoneyConf is a global platform to showcase latest trends in FinTECH. Started in 2015, MoneyConf rapidly became the gathering point for world’s leading bitcoin, cryptocurrency and financial experts. As an up-and-coming Digital KYC provider and AML Compliance solution that has worked with a large number of ICOs and crypto exchanges, Shufti Pro staff will be attending MoneyConf with an intention to showcase the unmatched prowess of its identity verification system. Shufti Pro will be exhibiting at stand number A 147 on 2nd Day of MoneyConf i.e. Wednesday, June 13, 2018

This upcoming MoneyConf 2018 is going to have a special focus on FinTECH and GDPR compliance that has become mandatory since May 25, 2018. Shufti Pro has already fine tuned its services in the light of GDPR guidelines and our team of experts will be guiding the attendees about the protocols that will help them provide services especially in EU countries by avoiding regulatory scrutiny.

Visit our booth at MoneyConf 2018 and we will guide you each step of the way that how can Identity verification services of Shufti Pro can enable you to fast track customer onboarding without compromising on security of customer data. Witness for yourself the industry best processing time of 30-60 seconds offered by Shufti Pro by visiting our booth in MoneyConf 2018. You will be introduced to our new features that assist our valued clients to verify users from every country of the world. Pay us a visit and see how Shufti Pro’s impeccable Artificial Intelligence verifies credentials in every written lingual script including Cantonese, Japanese, and Russian. If you are looking for a solution that can enable you to avoid regulatory fines originating from money-laundering practices, then Shufti Pro booth at MoneyConf must be your ideal destination to observe our AML Compliance practices. We perform background checks against 1000 Watchlists & Sanction lists and 3000 databases maintained by world’s largest watchdogs like OFAC, ASIC, FSA and FCA to name a few.

Shufti Pro team will be there at MoneyConf 2018 to give you a hands on experience of our Artificial and Human Intelligence Hybrid technology. Our pricing models, tailored according to individual needs of our clients, will also be explained to you on the spot. So pay us a visit at MoneyConf 2018 and witness before you the marvels of next generation FinTECH solution.

You can also send us an email to perform a demo for you at Money Conf 2018. Reach us out at: victor@shuftipro.com

Asia Pacific Kyc

Shufti Pro Expands its KYC Services to APAC Region

Bath, United Kingdom – May 9, 2018 – Shufti Pro, the PCI certified, AML and KYC Services provider expands global outreach by venturing into key Asia Pacific economic markets!   

Shufti Pro, the go to name for KYC services, is delighted to inform that their emerging and competition defying ID and Document Verification Services have expanded to include three more Asia Pacific countries – Japan, North Korea and South Korea.

On the other side of the planet, Europe Middle East Africa – EMEA region has seen the addition of Greenland, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, D R of Congo and Niger. Shufti Pro has started offering state of the art online ID verification services in these countries as well.

APAC and Scope of KYC Services

Accounting for almost 60 percent of the worldwide population with various countries at different stages of economic transition, the region is all set for a decade of promising growth. According to a report by UN, economies of the Asia Pacific region registered robust growth in 2017 and prospects for the 2018 financial year look very favourable yet again.

Fintech giants and veterans are eagerly eying APAC, as there is a huge potential for innovation in the financial sector. Almost forty percent of the market share is uncapped resources waiting to be exploited for inclusion in the mobile net user base. It should not be forgotten that telecom technologies and services itself account for 5.3% of APAC’s GDP that equates to a mammoth sum of 1.5 trillion in economic value. It is predicted that this economic sum will increase to $1.6 trillion (5.4% of GDP) by 2020.

“Shufti Pro’s core mission is to be the front runner in the heavily contested KYC compliance market. We’re very excited in expanding into key strategic markets of the APAC region. We aspire to establish long-term relationships with prospective clients as we expand into the market, providing unparalleled digital verification services” said CEO of Shufti Pro.

Vitality of KYC Services from Shruti Pro for APAC

This untapped market makes is perfect for Fintech as it brings in the power of the internet. This futuristic technology combines this large scale of potential mobile user base for innovative RegTech delivery. More and more businesses automate towards providing better services to their customers, on an array of applications that include financial services, AML/KYC compliance, information sharing, online gaming etc.

Asia Pacific regulators are allowing firms to accept digital forms of identity verification. Financial institutions struggle to find an adequate balance of AML and KYC compliance, while maintaining optimal online user experience. Not only does Shufti Pro provide flawless AML and improved KYC services to clients, but also a seamless user experience through minimal human intervention.   

The trend and viability of online identity verification is growing in the ASIA Pacific region, as the need to establish genuine identity of an individual becomes of crucial importance. A research conducted by GBG, highlighted that 95% of Australian financial firms are concerned with their ability to identify identities and above 90% place a crucial priority in performing identity checks.  

As with any online transaction, anonymity is the biggest challenge for financial institutions to tackle. The requirement for establishing trust online, calls upon for the process of identity verification as an integral element of any business entity. In a time of prevalent financial fraud and identity theft where banks, crowdsourcing platforms, fintech companies transact money digitally, put themselves at risks. The adoptions of the AML and digital KYC compliance has become a mandatory requirement for businesses. Failure to comply, could lead to serious consequences for the institution found in violation.

Bottom line

The nature of fintech companies, requires them to operate on a global level for increased productivity, by having the infrastructural ability to validate documents from as many countries as possible. As of April 2018, Shufti Pro has extended its KYC service to a total of 225 countries. To attain such a feat in a short span of time, signifies a capable team and a robust Artificial Intelligence technology running at its core.  

In light of APAC, Shufti Pro ideally aligns itself alongside the region’s purchasing potential and capacity. As majority of the nations in APAC are developing countries, having a solution that fills in the gap with 16% lower offering rates than nearest competitors, ensures a flawless adoption of KYC services at much more affordable prices.


About Shufti Pro

Shufti Pro is the upcoming entrant in identity management, KYC services and AML. The company saw inception on 31st October, 2016 in Bath, UK. The primary goal of the company is to provide its users with optimal customer experience, while maintaining highest levels of fraud prevention. As a company, it offers industry perfected SaaS that integrates a superior blend of Artificial and Human Intelligence. Operating in access of 225 countries and over 200 languages, businesses can now undergo hassle free digital verification processes, with least friction alongside unparalleled technology. The company is located in United Kingdom with its global office located in Sweden. Please visit Shufti Pro here.

Shufti Pro Limited
info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

Digital Kyc AML Compliance

Shufti Pro – Pioneer in automated Digital KYC and AML Processes

Shufti Pro has become a leading identity verification service in a small amount of time because of its robust digital KYC services and AML process. With Artificial Intelligence set at the heart of Shufti Pro, automated verification has reduced the processing time to verify the identity and credentials of users. Employing modern day tech and machine learning techniques, Shufti Pro has established a full-proof Digital KYC system that can make every person on the face of planet 100% verifiable within 30-60 seconds.

Shufti Pro focuses not only on an automated system but also ensures safety of data collected for verification. PCI compliance and GDPR authorized services of Shufti Pro puts it at position of strategic advantage which can be leveraged for higher productivity without compromising quality of services. 24/7 access available in all countries of the world with Universal Language support means that Shufti Pro services are unmatchable when it comes to Digital KYC.

Automated Digital KYC

Shufti Pro provides its Digital KYC services through various means like

  • ID Check
  • Identity Check
  • Documents Check

Digital KYC Services from Shufti Pro not only covers all the above aspects of customer’s identity verification but it also provides proof of verification to ensure transparency. A recorded video stream, sequence of images and 24/7 access to customer data ensure that Shufti Pro’s clients are always in control of the identification services that they are paying for. Flawless API and SKD integration means that Shufti Pro will merge with your online portals and apps without causing any hassle for your users.In order to provide multi-faceted digital KYC services, Shufti Pro offers both Video Verification and Still Verification. Shufti Pro have made a comprehensive system of identity verification and left it on its valued clients, that what kind of identity verification services their business require.

AML Compliance

Real time background checks performed by Shufti Pro makes it a reliable AML Compliance tool for organizations operating in Banking & Finance domain. Instead of wasting human resources on manual verification, financial sector can make use of end to end verification services by Shufti Pro. AML Compliance services from Shufti Pro are cost effective and comprehensive at the same time.

Banking on the huge data compiled from 1000 checklists and 3000 databases, Shufti Pro enables organizations to forecast and identify financial risks and frauds. Thorough cross-checkings from huge data bank – updated every 14 minutes – ensure a durable oversight for customer onboarding and funds transfer. Shufti Pro reduces the risk of earning penalties or monetary fines from regulators due to lack of diligence against laundering activities. It provides protection against financial crime risk by:

  • Filtering customer data
  • Checking for Politically Exposed Persons (PEP)
  • Verification of sudden increase in  funds
  • Flagging of suspected users

Technologies that make Shufti Pro Top of the Line

Shufti Pro is a power house when it comes to governing technologies. Not only does it encompass Artificial Intelligence but it also incorporates Human Intelligence, creating a  Hybrid Intelligence for an error-free Digital KYC System. Machine Learning Algorithms are used to convert images, text data and credentials into binary data that is then cross-checked with the original source. This intelligently designed system of Shufti Pro can detect

  • Photoshopped / Counterfeit Items
  • MRZ Codes from Passports
  • Hologram Detection using artificial neuron vision
  • Picture Edges to verify authenticity of documents
  • Micro Expressions of the users
  • Face Liveness to detect a real person
  • 3D Tracking

As a pioneer of end-to-end Digital KYC System, Shufti Pro is pushing the envelope by utilising Artificial Intelligence that has 99.6% precision of verifying the identity of an individual.Chances of false positives is substantially reduced with Shufti Pro as it has the power to detect any discrepancy in format, information or visual data provided by the user. Shufti Pro uses best practices of machine learning to provide superlative Artificial Intelligence making the Digital KYC of Shufti Pro second to none.

Conclusion

Shufti Pro is a full-proof system for companies that want to indulge the services of a Digital KYC provider that understands the challenges of identity verification. Round the clock human intelligence support, verification services for every country of the world and support for every language are all the features that help Shufti Pro to stand out from its competitors. Just pay one time setup fee, without any commitment for minimum number of verifications, and after that pay as you go. Shufti Pro is a comprehensive digital platform covering both KYC services and AML compliance at the same time.

GDPR Compliance

Digital KYC/AML Operations – Shufti Pro Gears Up for GDPR Enforcement

Ever since the debate about GDPR came into existence from the EU Parliament, the long awaited and much hyped GDPR enforcement date of 25 May 2018 has been announced. Many firms across the world and the EU will see the implementation of the GDPR legislative being carried out. At which time, organizations found to be in noncompliance may face severe financial consequences.

What is the GDPR ?

On a general note, the EU General Data Protection Regulation replaces the earlier Data Protection Directive 95/46/EC. The GDPR legislation was formed to harmonize data privacy laws across Europe. Empowering all EU citizen’s data privacy in the process, and to reshape how organizations approach data privacy.

Organizations – STOP Procrastination START Acting

The GDPR effects every EU individual and entity/organization operating in the zone, dealing in the storage and access of their data. While organizations might still delay a few more days, the enforcement date is just around the corner.

Companies need to prepare quick before GDPR is in effect. Failure to comply could land a firm 20 million BGP ($25 million) or upto 4% of its annual revenue in fines. That is not a financial state any company would want to be in, for their account balance sheets or from a public relations standpoint. A recent survey by PwC found that more than 60% of all companies plan to spend more than $1 million to become compliant to the regulations.

How Digital Identity Verification Holds Importance

Given that today businesses conduct business online,  the process of validating the identity holds great importance. Why you say? The imminent risk of fraud prevails, as the person is not physically present conducting the transaction with the merchant or business entity. As more merchants utilise the power of the internet, digitising the aspect of identity verification by performing e-kyc is a need of the hour for merchants to realise. Having a digital identity verification service, greatly increases customer onboarding time. Whereby, the possibility of fraudulent identity usage is minimized and only legitimate identities are accepted.      

Organizations heavily rely on digital kyc – Know Your Customer services, in order to prevent fraud and potential scams to take place in respect to fraudulent identities. This aspect is very important for Banks and Financial Institutions, providing financial services like opening a bank account, making bank to bank payments and clearing credit histories. As more businesses conduct business/trade online, verifying ‘Who’ is the other side has become all more vital to ensure legitimacy.

How GDPR Recognizes Digital Identity Verification

You might beg to question, will digital KYC services be affected by the GDPR? The law doesn’t restrict the operations of a certain company. Rather recognizes the importance of identity and ensuring its protection. GDPR at it’s core, merely emphasis the better protection of data subjects (EU Citizens), by how information is collected and how it is processed and used.

Companies that will be in contact with such information, will need to ensure the security of information in a manner that conforms to the GDPR guidelines. Additionally, make the use of information very clear and easy to understand and transparent for individuals.

GDPR & FinTech Companies – Mandatory Alliance

FinTech companies provide RegTech solutions to clients across the world. It is obvious from the nature of their operations that these companies collect PII information of individuals and also their transactional credentials. That includes their credit card numbers and other sensitive data. For FinTech companies, it should be evident from the onset that these companies are compliant with the GDPR directive. So as to ensure that these companies are up to date with stringent policy measures and prevent any criminal proceedings to happen against them.

FinTech companies have a moral and legal responsibility to be conforming to the legislative, as is it appears legit for customers to realise their company as ‘Good to Go’ with regulators. This symbols a great area of trust for potential prospective customer to transition into actual clients. Clients alike need to be aware of the new GDPR policy and ensure they do business with organizations that are compliant with latest regulations like for example Shufit Pro.    

Shufti Pro – The GDPR Compliant AML/KYC Operator

Given that most business today run online, the need for reliable and technologically advanced identity verification services will be high. As businesses operate online, the capacity to physically see their customers and online users becomes a rarity. The need to verify identities in real time and perform digital KYC/AML compliance is important than ever.

This is where Shufti Pro comes in with redefining digital identity verification services, providing KYC/AML compliance in all jurisdictions. The EU for example, implements the GDPR guideline for data protection, to which Shufti Pro complies effortlessly. Shufti Pro ensures all of the data that it collects, conforms to the guidelines set by the GDPR legislative.

Making Assessments

The GDPR is a global phenomenon that is set to place a new standard in consumer rights. Likewise, companies need to be looking into firms that will be GDPR compliant. This is important from an organizational as well as a client’s standpoint. GDPR compliant companies will be legitimately better off from a PR perspective and ensure trust in the eyes of potential customers. Customers are no longer naive, rather fully aware of their rights and they will be in the lookout to do business with GDPR compliant companies.   

Find more relevant resources:

Digital KYC/AML Operations

Shufti Pro partners with BITTIGER

Shufti Pro Extends Digital KYC Services To Silicon Valley based Venture – BitTiger LLC

Bath, United Kingdom – May 14, 2018 – Shufti Pro, the PCI certified, AML and Digital KYC services provider, announced today their partnership with BitTiger LLC.

Shufti Pro, the emerging go to name for KYC compliance, is ecstatic to be acknowledged as the official Know Your Customer (KYC) collaborator for BitTiger. An online learning medium, providing high tech educational courses for global students to undertake at affordable rates. Shufti Pro will be extending it’s Digital KYC services which can perform remote identification of students who are scattered around the globe. The process is assisted with comprehensive compliance policies which Shufti Pro adheres with.

BitTiger was formed with the vision to fill in the potential gaps between traditional education institutions and the practical skills required to be immediately productive in the industry. Providing hands on education to students and addressing key industry specific knowledge/training deficits for clients.    

As a global platform, BitTiger required a solution that proved to be robust and equally scalable according to their target requirements; which was to ensure the protection of their proprietary content by verifying students for registration using Digital KYC Services.

When enquired, this is what the BitTiger officials had to comment. “Shufti Pro offers great identity verification services to meet the needs of BitTiger, for course enrolment. In order to protect the copyright of BitTiger’s educational content, we require students to verify their ID to register. Shufti Pro provided customised portals for different courses, which made it convenient for BitTiger to operate with the  high volume of customers. The built-in video identification feature is intuitive for customers, to follow the process and verify successfully. We have found the team at Shufti to be very responsive in helping with any questions or concerns.

Shufti Pro’s CEO had the following to voice on the collaboration. “We are excited to be a part of BitTiger’s initiative to prepare the next generation of tech gurus. Also, their effort to ensure that these students are trained to be ready for the latest tech jobs is a noble cause. Our partnership will add value to the portfolio of both the companies, since each is the best in their respective industry domains. We look towards a fruitful and long term business relationship with BitTiger.

Shufti Pro offers a comprehensive platform for Digital KYC services, to ensure risk mitigation and fraud prevention. Providing customers with an unmatched UX/UI interface experience, that provides least human intervention and flawless AI technology in operation. Verification and assessments are provided back with industry best sixty (60) seconds or less response times. Shufti Pro will aid BitTiger LLC by providing unmatched verification services, alongside a superior UI experience. A blend of Human and Artificial Intelligence will always make for superior result accuracy and maximum assessment for fraud prevention. To maintain an educational repute and standard, it is equally important for educational providers to validate the identities of their students and prevent any malpractice.


About Shufti Pro

Shufti Pro is the upcoming entrant in identity management, Digital KYC and AML. The company saw inception on 31st October, 2016 in Bath, UK. The primary goal of the company is to provide its users with optimal customer experience, while maintaining highest levels of fraud prevention. As a company, it offers industry perfected SaaS that integrates a superior blend of Artificial and Human Intelligence. Operating in access of 220 countries and over 150 languages, businesses can now undergo hassle free digital verification processes, with least friction along side unparalleled technology. The company is located in United Kingdom with its global office located in Sweden. Please visit Shufti Pro here.

Shufti Pro Limited
info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD

About BitTiger

BitTiger is an interactive learning platform, that provides cost effective and quick training to students in practical skills development. BitTiger prepares the students of today, to industry tailored requirements for their future employment with large tech companies. BitTiger aims to be more accessible than a university set up and more effective than MOOC courses.

BitTiger is primarily a community of Chinese computer engineers studying and working in North America. Mostly offering, Pre Recorded Courses, Project Intensives, Mastery Programs and Career Services.

JeffinkoGuru

Shufti Pro lends KYC Services to Crypto Future Wealth Platform by Jeffinko.Guru

 

(Bath, United Kingdom – April 7th, 2018)  Shufti Pro, the PCI certified, digital KYC and AML service, partners with leading Crypto Education Academy.

JeffinkoGuru is an online consultancy led by Mr. Jeff Lambert who is a web development, Cryptocurrency and FinTech veteran. Through the process of teaching people around the world about crypto, it was realized that many people do not have the time to perform the necessary research, monitoring, and trading required to manage a crypto portfolio themselves.  Out of this need, rose the Crypto Future Wealth Platform, which provides access to a diversified and actively managed crypto portfolio through the purchase of a single token. The CFWP token. The Token allows for the piece of mind that through the purchase of a single Token, the Token holder is gaining access to a portfolio of many tokens. Tokens which are not just held for possible growth in value but also for use in staking or the operation of master-nodes to create a passive income. The objective of the Crypto Future Wealth Platform is to invest in cryptocurrencies and token based projects with strong fundamentals.

Shufti Pro’s trend-setting KYC services enable CFWP’s verification procedure with first-to-introduce, “Still Verification Feature”. How? Users can easily take a Selfie which is verified against ID cards to secure authentication.  Simple, secure and speedy.

Mr. Jeff Lambert, “From the very beginning of the process to create a token, being compliant was and is extremely important to us.  One of the main components of being compliant is performing KYC procedures on all of our token purchasers and platform users.  We began to look for a solution that could integrate seamlessly into our platform, in a way that did not detract from the user’s experience and was easy for us to keep track of the overall process.  Many of the solutions we found were over-priced, contained services on top of KYC which were not needed, or were simply too complex to integrate smoothly and within budget. Shufti Pro from the start had an easy to follow and well-working demo of the product.  The API is thoroughly documented, and it is extremely easy to integrate into an existing system. The actual integration for us is only 18 lines of code. We can fully track the KYC process and remain compliant with records to go back to if a manual check of their documents is needed.  The user never has to leave our platform and is easily guided through the process. We even noticed a system upgrade during our short time Shufti Pro so far that blew us away. Users now have voice guidance, and the process is extremely quick with most users only needing a couple of minutes to complete their KYC.  For us, Shufti Pro wins on all fronts, price, ease of use (for our token holders and us), and active development and communication from the Shufti Pro team. We highly recommend it to anyone needing to perform KYC procedures.”

CEO Shufti Pro commented, “We are really excited to have Jeff onboard with Shufti Pro for KYC compliance. It amazing to have someone from a diverse individual as our client. We see this partnership as something big in terms of business and assets. JefffinkoGuru has an impressive portfolio to its name which is a testament to their experience and expertise. I believe the Crypto Future Wealth Platform is going to be a revolutionary addition to the crypto world.”

Shufti Pro offers complete services to ensure a user’s identity in order to enhance risk management, and fraud prevention tactics. With it’s real-time verification techniques, and industry best response back time of sixty (60) second, clients have access to a comprehensive set of solution supported by easy integration that requires no third party software/plugins. Shufti Pro will help Crypto Future Wealth Platform to smooth it’s customer onboarding with the best UX/UI interface. By adding a layer of Human Intelligence to the complete verification process; the trend of “False Positives” is eliminated and results are based on accurate and thorough checks.


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 offered in 200 countries and supporting over 150 languages, 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 Jeffinko.Guru:

Crypto Future Wealth is a leading provider of education to the cryptocurrency industry with a focus on teaching the public how to safely and successfully build wealth through crypto. Founder of the Company and cryptocurrency veteran, Jeff Lambert has been involved with Bitcoin and Ethereum since the very beginning. As an educator, influencer, and serial entrepreneur, his unique insight to the market brings a rare clarity to complex topics.

Te Food Partners With

Shufti Pro takes TE-FOOD onboard for KYC compliance!

Trusted services chosen for ensuring end-user identity verification via KYC compliance

Bath, United Kingdom – January 26, 2018 – Shufti Pro, the PCI certified Know Your Customer (KYC) operator has announced its partnership with TE-FOOD, food supply chain solution, today.

Shufti Pro, the rapidly emerging, go-to choice for (KYC) compliance is the official information management collaborator of TE-FOOD. With the increase in demand of seamless user verification services, Shufti Pro has come up with groundbreaking features which redefines the arena of ID checks.

TE-Food is a cost effective and modern solution to ensure transparency of management and steps involved in farm-to-table supply chain. It is an internationally recognized establishment with global user base. Shufti Pro will enable TE-FOOD with KYC verification based on personal data, ID image and business organization data, with at the minimum 10,000 verifications foreseen in February, 2018. TE-FOOD has custom categories, which depict the supply chain roles, tools involved and modules of ordering and management.

Árokszállási, CEO, TE-FOOD International said, “We are happy to work with Shufti Pro. As regulatory compliance and security are our number one priorities, we were looking for a partner to support us in these. In Shufti Pro, we found an excellent partner.”

Fredung, CEO, Shufti Pro said, “We are delighted to have TE-FOOD on board as our newest client in Europe; the company offers an innovation solution to never been thought about before sector. We appreciate the level of sophistication they bring into play. Shufti Pro believes in transparency; it’s a commendable effort in contemporary times. Identity management has its roots in every sector which deals with online human activity.”

Shufti Pro offers pioneering services in identity verification. As the first in line to provide video identification built-in feature and 30 seconds processing time, the team aims to digitally revolutionise this sector. The team of developers are constantly on the lookout for improvement and better mechanisms. Shufti Pro allows for customization to its offered services in order to create strategy best suited to business goals. Time efficiency is an important factor which ensures profitability. As KYC provider for TE-Food, Shufti Pro envisions excellence.

 


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 offered in 200 countries and supporting over 150 languages, 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 TE-FOOD:

TE-FOOD is the world’s largest farm-to-table food traceability system. Started in 2016, it serves 6000+ business customers, and handles 400,000 transactions each day. It’s the only fresh food ecosystem which integrates farms, supply chain companies, consumers, and governments/authorities to improve food safety, eliminate food frauds, and provide a transparent food supply. TE-FOOD’s primary focus is on the emerging countries, which account for 60% of the world’s population, but need massive technological disruption because of the level of distrust in their food supply chains.

TE-FOOD International’s goal is to make the fresh food supply chain transparent and more effective through a modern, but affordable ecosystem. We have more than 10 years of experience in the development of item traceability solutions in different industries, and 20+ years in software / hardware development.

TE-FOOD International
Germany
info@te-food.com

Victor

Victor Fredung Neschko takes the reins of Shufti Pro!

BATH, UK, January 22, 2018, Shufti Pro, the recent innovator of Identity Video Verification and KYC in the global market, has announced today that Victor Fredung Neschko, seasoned FinTech innovator and current head of Zensed has been appointed as their new CEO. Fredung has notable experience in payment management and digital financial sector. He has succeeded Richard Fisher, the ex CEO, who has taken charge of business development.

“Taking on the role as CEO of Shufti Pro is enormously exciting. Shufti Pro is already one of the most innovative ID verification companies on the market and getting the chance to work with such a dedicated & well-respected team will be a truly joyful experience. The FinTech market has changed drastically in the last couple of years and I believe our company has the creative space required to meet the new and changing demands in this sector. “ said Victor Fredung Neschko, CEO at Shufti Pro.

The company envisions innovation and believes in redefining the standards of identity and credential management. It is the first of its kind to develop video identification stream for Know Your Customer and ID checks online. The new CEO has been an early adopter of cryptocurrency and has always taken a keen interest in new technologies. With Fredung as its CEO, the team at Shufti Pro aims to redefine its technology with better and sophisticated solutions to support new horizons being discovered in the FinTech world.

___________________________________________________________________

About

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.

Please contact sales@shuftipro.com to learn more.

Glodmint

GOLDMINT® turns towards Shufti Pro® for Investors’ Verification

 

The call for e-KYC, authenticating them, and securing their payment processes led to the Startup’s collaboration with the emerging expert in online identity verification milieu

BATH, UNITED KINGDOM, November 10, 2017 – Shufti Pro Limited®, the world’s rapidly growing company in the digital KYC sphere, announced today that GOLDMINT Ltd.®, a startup ICO expediting towards success, has decided to adopt their state-of-the-art online identity and document verification services for reduced on-boarding time and enhanced security.

GOLDMINT Ltd.® took up Shufti Pro Limited’s® services this month. Currently enjoying the secure payment processes, the startup venture gives its users an opportunity to buy tokens (GOLD) using Fiat money. With online identity verification services integrated in their transaction platforms, the customers develop a sense of safety, authority and trust about their host organisation.

Shufti Pro Limited® aids GOLDMINT Ltd.® in performing KYC online verification so the users are verified through their identity documents. This helps GOLDMINT Ltd.® validate their customers and prevent identity frauds. A user attempting to invest in the venture will have to show their face, followed by their identity document to the camera. If not stolen or counterfeit, their documents would be verified through this quick, real-time process. They are now able to stamp out scammers with Shufti Pro Limited’s® state-of-the-art ID checks online . It will streamline the customer on-boarding process, reducing its time by 90%.

CEO, Shufti Pro Limited® said:

It gives us great pleasure to be able to secure a part of online marketplace in our collaboration with GOLDMINT Ltd.®. Our ultimate goal is to support online businesses in enhancing their cyber defence strategies, eradicating or at least considerably reducing customers’ hesitation when it comes to submitting their sensitive information on such trading forums. We’re very glad to be in business with them and hope for this to turn into a thriving, long lasting and successful affiliation in the future.”

CEO, GOLDMINT Ltd.®, Dmitry Pluschevsky comments:

Cooperation with Shufti Pro will allow GoldMint to adhere to its main principle: to comply with the legislation of the country in which the company operates.We opened an office in Estonia (EU) to work with the demand for GOLD tokens in the euro area. Local legislation involves the verification of users (KYC) with a turnover of more than 1000 euros per month. Shufti Pro will provide such verification for GoldMint. This is important for our company as we are confident that the GOLD will generate considerable interest among many large buyers.

At the same time, user verification is another proof that blockchain technology can be used in legal and large businesses. We are sure that cooperation of GoldMint and Shufti Pro will contribute to the process of adaptation of new technology by traditional companies.”

This step would urge similar companies to opt for the best online fraud prevention tools and secure their online businesses by preventing huge chargebacks and losses to their venture. Shufti Pro Limited® helps GOLDMINT Ltd.® save time, resources and costs that would otherwise be an added burden on their budget, hence, maximising their profits and minimising frauds.

PriceFor Shufti Pro

Prices for Shufti Pro’s® Digital Identity Verification Service Positively Stir The Public

 

Heads turn towards the appealing announcement of their pricing plans; path to online fraud prevention and digital identity verification never looked more feasible and affordable

BATH, United Kingdom – November 2, 2017 – Shufti Pro®, one of the emerging connoisseurs in the online ID checking and digital KYC sphere, broadcasted their pricing plans for public knowledge earlier today. They took a step further and announced that their services will be available for startup ventures well. Rest assured, Shufti Pro’s® services and prices are definitely set to be popular with the new entrants in the industry.

The corporation came forth with their pricing not long after they got officially registered in the UK on October 31, 2017. With such strategic planning and flawless execution, it is not a wonder that many companies were waiting to come on board with them right after their enlistment.

According to the information released by the company, Shufti Pro’s® pricing list includes 3 different packs:

i) Starter Pack ($1.20 per verification, with $2500 for the one-time setup fee)
ii) Standard Pack ($0.75 per verification, with $2500 for the one-time setup fee)
iii) Premium Pack (pricing is negotiable and discussed when the established businesses contact Shufti Pro® for their KYC needs)

“We have set our rates such that they are affordable by those who require a quick and accurate KYC identity verification  services, yet don’t want a major chunk of their annual budget slashed off for these services. We understand the clients’ needs and have tailored our services to meet them as best as we can.”, says CEO, Shufti Pro®, “Also, our decision to support startups with e-KYC solution was sourced from the need to make the online businesses secure and safe from fraudulent customers/imposters. If they are careful from the beginning, they can spend more of their time and resources on their business and growing it from scratch, rather than worrying about meagre potential scammers or risks to their venture. Shufti Pro® is here to take care of that at very reasonable prices.

With such a heralded entrance into the market, Shufti Pro® is set to leave its competit
ors behind in not a long time. Its attractive pricing packages have raised an excited buzz in the industry. That is sure to push them steps ahead on their ladder of success.

russia

Shufti Pro® Expands ID Checks Online to Russia and China

 

Shufti Pro® advances their technology to support these world giants for their e-KYC needs to satiate stipulation for digital ID verification services from the East.

BATH, United Kingdom – November 1, 2017 – Shufti Pro®, the emergent leader in the online identity and document authentication milieu announced earlier today that their business verification services will now be available in Russia and China.

The software as a service endeavours to perform online identity verification for online businesses, online merchants, financial institutions, etc. They have now decided to extend their service to those in Russia and China as well. Shufti Pro® is now able to verify the original passports and their holders’ identity in the two countries.

Shufti Pro® employs the use of artificial as well as human intelligence to verify the authenticity of the document as well as the identity of the owner. Their process is quick, accurate, efficient and happens in real-time. They strive to provide digital KYC verification solutions with the aim of making the global virtual marketplace a safe and secure place as a trading platform.

CEO, Shufti Pro® said:

“We are proud to announce our expansion to include Russia and China in the countries we support. Rest assured, our integration into their online businesses will result in increased fraud prevention through accurate and digital identity and passport verification services .”

Talks with the CTO of the corporation enlightened us about their plans to include Russian and Chinese languages in their system as well. “Language incorporation, in the future, will result in a greater number of government-issued documents to be verified, like ID cards, driving licenses, credit/debit cards, etc.”, informed the CTO, Shufti Pro®.

The company plans to keep working on their technology in order to engage the entire world and bring them on one platform where they can fight against frauds, money laundering, identity thefts, etc. Reflecting on their astonishing progress in the span of 12 months, it seems highly probable that their goal of being one of the best fraud protection services will be realised sooner rather than later.

e kyc services establish uk

Shufti Pro’s® e-KYC services establish in the United Kingdom

 

Months of hard work and diligence in the fraud protection services resulted in Shufti Pro’s® setup in the UK as a registered company; scores of online businesses look forward to enter the realm of fast and secure e-KYC with the newly instated institute

BATH, United Kingdom – October 31, 2017 – Shufti Pro®, an emerging name in the e-KYC and digital identity verification milieu, got officially enlisted today at Bath, UK. Over the past few months, the venture had been striving to acquire registration.

With numerous clientele already pouring in, and customers looking forward to explore Shufti Pro’s® services, the SaaS had developed a relatively strong and deep-rooted foundational grounds before beginning to build their business up. They made sure their digital identity and document verification services were made up of state-of-the-art technology involving artificial and human intelligence. The SaaS performs real-time verification in the least time recorded across its competitors.

The quick, accurate and efficient process was well recognized by the concerned audience and earned Shufti Pro® the credibility and legitimacy before it got officially registered earlier today.

CEO, Shufti Pro® expressed his joy when he said:

“It is an exhilarating feeling to see months of uphill struggle finally bear fruit in the form of official registration in the UK. We set out on this journey with this very goal in mind and extended our aims way beyond this as we took the steps towards the being the best identity theft protection service. To see our basic goal achieved is merely an indication that we’re on the right track. It truly serves as a beacon of hope that our future goals are not difficult to attain as long as team work and working for the company, rather than for an individual or oneself, remains our primary strategy.”

With the excitement buzzing through the conglomerate, it is sufficient to bid best wishes to them. Shufti Pro® is definitely on its way to become a hallmark in the field of e-KYC , online ID verification and building a trusting client-customer relationship by putting their needs first. Being the most customisable and accurate software as a service in the market, Shufti Pro is set to break the barriers of technological advancements in online fraud prevention and making the global virtual market a safe and secure place for future trades and transactions.

Shufti Pro Still Verification

Shufti Pro’s® ‘Still Verification’ Feature Enhances Customisation for KYC Services

 

Demand for enhanced fraud prevention, increased flexibility to customise, improved customer credibility without integration of our API led the team to develop Still Verification feature

BATH, United Kingdom – October, 2017 – Splendid squad at Shufti Pro® outperforms once again as the members join heads to bring the Still Verification feature, for ‘offline’ ID verification. to light in the recently developed SaaS. Shufti Pro announced today that clients who do not wish to integrate their API with their systems but still want to avail their services have gotten prayers answered. Shufti Pro’s developers realised the security and confidentiality concerns expressed by their clients, and responded by efficiently and effectively creating a customised category of the service for their apprehensive patrons.

The talented team has come up with a secure identity verification service that allows their clients to securely share their customer’s document image or video of customer’s face plus documents through Shufti Pro’s API, without any integration requirements. The said SaaS verifies them in real-time, with the same authentication stretch of 30 seconds. This feature is termed Still Verification and brings a revolution in the digital Know Your Customer (KYC)  realm. It has never been easier for our clients to verify their customers without a direct third-party inclusion.

Customer experience is not only enhanced but a trust and credibility is also developed between them and the clients. Shufti Pro is ecstatic to bridge the gap between concerned regulars and a seamless experience. Consumers can trust their clients without any hesitation of giving away their sensitive information to an unfamiliar entity. Shufti Pro seemingly steps out of the scene and remains active at the backend, performing accurate and efficient online identity checks for their clients.

Online businesses and merchants, financial institutions, etc. can easily comply with emerging KYC compliance directives without worrying about security breaches and confidentiality violation. Still Verification serves to ease the trepidations of the users by allowing all their data to directly reach the clients. Shufti Pro is the hallmark of e-KYC and customer satisfaction in the industry and hopes to keep advancing their services to meet the needs of their consumers.

EPP payment Method

EPP System® partners with Shufti Pro® for Fraud Protection Services

 

Need for digital KYC has compelled one of the pioneers in the payment processing industry to join hands with Shufti Pro® for an improved credibility experience through their online identity verification services

BATH, United Kingdom – October 2017 – Shufti Pro®, the Software as a Service, has partnered with EPP System® to provide more authentic and seamless credit card fraud prevention services . They aim to verify new customers at every carrier level between bank-to-bank payment transfer. Banks provide a budget to the PSPs, which then equally distribute the budget between their many retailers. Those retailers then provide services to the merchants, completing the chain.

EPP System works to endow their customers with safe and secure monetary transactions between banks. They have opted Shufti Pro’s e-KYC services to integrate at each carrier level mentioned above. Every step will be separately checked for fraudulent consumers so no discrepancy occurs, disrupting the transfer processes.

CEO, Shufti Pro® said:

“Our goal is to provide Electronic Payment Services to our rather sizeable number of customers. Opting for Shufti Pro’s digital ID verification services has allowed us realise our aim in a secure, accurate and efficient manner. We’re extremely proud to present them with quick KYC online verification services so they can enjoy the fast and effective experience seamlessly.”

Shufti Pro aims to make the digital markets secure through ID checks online, so all high-risk transactions can be performed without the added apprehension of fraudsters and swindle connections. The rising star in the Mastercard theft protection and Visa card fraud prevention aims to get established as a symbol of the clients’ go-to service when in need. The successful integration of artificial and human intelligence has not only raised security protocols’ standards, rather have managed to attract more traffic to the SaaS owing to greater client satisfaction. Likely, Shufti Pro’s days in the sun have just begun now that they have EPP Systems as their on-board clients.

shufti pro due books

DueBooks® integrates Shufti Pro® for Business Verification Services

Improved KYC protocols, superior ID verification services and reduced on-boarding time compels the new entrant into the startup world to adopt Shufti Pro® for protection in the highly vulnerable cyberspace

BATH, United Kingdom – October 2017 – Shufti Pro®, one of the rapidly growing online identity verification Software as a Service (SaaS), has made public that after the huge success of EPP System’s® implementation of their services, now DueBooks® has decided to follow in their lead and embrace Shufti Pro’s® real-time ID verification technology for a simple, secure and fast paced on-boarding process.

A month ago, DueBooks® employed Shufti Pro®’s services to act as a security screen and help them verify customers’ identities. During this time, a sizeable number of potential consumers were verified and the results from the company’s survey show 90% reduced on-boarding time due to digital KYC compliance. The results go on show that numerous dubious customers were rightly stamped out during the screening process, preventing considerable potential losses to the startup.

CEO, DueBooks® said:

“For a novice company like ours, digital identity verification services from Shufti Pro® have proved their worth by increasing our fraud-free client base, enhancing our on-boarding process and developing a trust between us and our customers. With a boost in sales, and the amplified quality of our services, DueBooks® has been able to form strong foundational basis, and looks forward to quite a bright future.”

Shufti Pro® works with some of the most promising emerging start-ups, businesses and enterprises, helping them quickly and accurately uphold the Know Your Customer compliance . For every business, regardless of their level, Shufti Pro® believes that fraud prevention must be the foremost concern. They make this come to life through the use of artificial and human intelligence. Checking the authenticity of their customers has proved to be of immense importance for DueBooks® due to Shufti Pro’s® 99% accurate results, cost & time effectiveness and appropriate confidentiality and security measures.

Secure identity verification services have streamlined DueBooks’® digital HR and cost-accounting system through substantiating their clients as well as their employees using their legal credentials and performing ID checks on them. DueBooks® is rapidly covering milestones towards becoming an established business by performing efficient team & project management, attendance reports formation, invoice/expenses/salary administration, etc. for themselves as well as other companies. The manual resources previously consumed during these errands are now put to a better use of building up their business using Shufti Pro’s online fraud prevention tools.

DueBooks® can be used by many different companies, who can use it to validate their customers/employees as well. The swiftly progressing startup can now work on their business rather than in their business. The latter chore has been taken up by Shufti Pro® and both have joined hands for a fruitful collaboration for online fraud prevention and digital KYC purposes.

Shufti Pro

Tech Connoisseurs Present Shufti Pro for Digital Identity Verification

 

KYC compliant and Identity Verification SaaS, Shufti Pro, is launched for mobile and web-based integration.

BATH, United Kingdom – September, 2015 – A team of talented developers presents Shufti Pro, a SaaS that commences identity verification in real-time through facial recognition and document authentication using artificial plus human intelligence. It solves the current problem of manually having to fulfill the Know Your Customer (KYC) requirements by comparing photo IDs to other documents like driver’s license, credit/debit cards, passports, etc. It makes the task at hand much easier by making it accurate to 99.9% and making it the most cost and time efficient. Shufti Pro provides its customers with a sure shot and simplified way through which they can just hold up their documents to the camera and wait for merely 30 seconds before their documents are flawlessly matched and verified with their identity. The fraud protection service relieves its clients of the hassle and botheration of waiting in long queues to submit the documents by hand in order to get them certified.

Moreover, it reduces the chance of error by incorporating facial image matching, ID verification through holographic overlays, and document verification in the system to facilitate the confirmation of the truth of identity.To prevent the frauds and filter the impostors, Shufti Pro serves as an excellent source of ID checks online so that the real-world person is ensured to be the person who claims to be the owner of the legal identity documents. To detect this, the added layer of human intelligence, comprises of highly specialised personnel, expert at identifying scammers. They will immediately refuse suspected fraudulent customers who fail to pass the ID screening.

With Shufti Pro, customers will have a reliable source of accurate identity substantiation so they may proceed with their daily business transactions without any security concerns or false consumers to worry about, once it is integrated in their systems. Clients have complete authority at their disposal so they are free to use and market Shufti Pro with their systems, according to their terms. This innovation will shape the way digital identity verification has been carried out in the past and will revolutionize the process in a remarkable way. Shufti Pro is definitely the emerging big fish in the market.

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 advance technology. Currently offered in 200 countries and supporting 150 languages, the company is located in United Kingdom with its global office in Sweden. Please visit Shufti Pro here.

Team Shufti Pro
info@shuftipro.com

Unit C401, Westfield Shopping Centre,

Ariel Way, London, W12 7FD