Owny Partners with Shufti Pro to Eliminate Financial Fraud from Italy’s Used Cars & Motorcycles Market

Owny Partners with Shufti Pro to Eliminate Financial Fraud from Italy’s Used Cars & Motorcycles Market

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Originally Published on PR Log

London, UK – Jan 31, 2023 – An Italian company with a vision of creating ease in Italy’s used cars and motorcycles market by eliminating transactional fraud, Owny announced its alliance with Shufti Pro to strengthen its IDV process while meeting global KYC & AML regulations across the country.

Owny exists with the purpose of protecting both the buyer and the seller during the process of buying or selling a vehicle. The company’s targeted market includes mainly private individuals and independent companies. At the moment, Owny is only operating with Italian-registered vehicles that will remain registered in the country once they are sold.

Shufti Pro, one of the leading identity verification solution providers, aims to create ease for businesses by eradicating operational inefficiencies. The company’s robust IDV solutions have proven to be reliable and highly accurate in terms of detecting identity theft and making them capable enough to secure customer transactions. 

Fraudulent activities in the automobile industry occur in terms of transactions as if the buyer is in possession of both; the money & vehicle, and the seller ends up receiving no payment in return. It can also go vice versa. Moreover, in the standardised ways of conducting a transaction through banks while buying and selling used cars, customers also face the same teething troubles along with delays. To help its customers avoid such risks, Owny took the initiative to integrate Shufti Pro’s identity verification solutions into its web platform, which will help it to combat transactional fraud while meeting AML, KYC, and CFT regulations across the country.

While sharing views on this partnership, Giacomo Raimondi, the CEO of Owny, said: “I am proud to announce the partnership with Shufti Pro LTD. Having a serious and solid company alongside Owny is a fundamental strategic choice. This partnership allows Owny to be compliant with European regulations and is, above all, essential for the protection of our customers, which is what Owny and Shufti Pro care about the most.”  

“Helping companies combat fraudulent individuals in the markets while making them meet global KYC & AML regulations is what we are concerned about. And that is what we are planning to do for Owny,” said Victor Fredung, the CEO of Shufti Pro.  

About Owny 

Owny is currently operating in Italy with the aim of securing buyers and sellers while trading used cars or motorcycles. Its targeted audience includes private individuals and independent companies, and the whole business model revolves around Italian-registered vehicles. 

About Shufti Pro 

Shufti Pro, as one of the leading identity verification service providers in the industry, offers KYC, KYB, KYI, AML, and OCR solutions to keep businesses safe from financial fraud, identity theft, and other fraudulent activities. The UK-based firm has expanded to six international offices and introduced a plethora of IDV products and solutions since it was created in 2017. With the ability to verify over 10,000 documents in 150 languages, Shufti Pro serves customers in 230 countries and territories.

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]

Leading IDV Service Provider Shufti Pro Revamps its Website to Offer Enhanced User-Friendly Interface

Leading IDV Service Provider Shufti Pro Revamps its Website to Offer Enhanced User-Friendly Interface

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Originally Published on PR Log 

London, UK – Jan 27, 2023 – Shufti Pro, one of the leading IDV solution providers, launched its new website with revamped features and a user-friendly interface for visitors to acknowledge enhanced identity verification services.

The redesigned website offers enhanced navigation, a mobile-friendly interface, and readily accessible contact & location information to help visitors share their queries. The new site mirrors Shufti Pro’s brand identity that was built by putting in the effort and hard work of the teams operating across the globe. 

Global businesses looking for an IDV partner can reach Shufti Pro at one of its offices or through its revamped website here

The old website required enhancements to allow clients to discover all the IDV solutions and features Shufti Pro offers, along with the essential information they would need before being decisive. 

Being known as one of the leading IDV solution providers in the industry and how we have broadened our suite of plethoric services, our former website required enhancements to create ease for our clients. This will help our global clientele to acknowledge the services we can facilitate them with,” said Victor Fredung, the CEO of Shufti Pro. 

The aim of redesigning the website was to bring all the company’s products, capabilities, and services under one roof. The company’s new website offers a streamlined user experience. It lets visitors access essential information such as product guides, press releases, whitepapers, and contact details, including the location of the offices opened in the USA, UK, Sweden, Cyprus, Hong Kong and Dubai. 

About Shufti Pro

Shufti Pro, being one of the leading identity verification service providers, offers KYC, KYB, KYI, AML, and OCR solutions to keep businesses safe from fraudulent activities. The UK-headquartered firm has expanded to seven international offices and introduced a plethora of IDV products & solutions since it was created in 2017. With the ability to verify over 10,000 documents in 150 languages, Shufti Pro serves customers in 230+ countries and territories.

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Shufti Pro Named “The Best Use of AI 2022” by World Financial Awards

Shufti Pro Named “The Best Use of AI 2022” by World Financial Awards

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London, UK – Jan 24, 2023  – Shufti Pro, a highly reputable identity verification solution provider, brings home the World Financial Awards under the category of “The Best Use of AI 2022”. The company was given this award for exhibiting exceptional identity verification services based on innovation,  growth, and creating a positive impact with its state-of-the-art KYC & AML solutions.

The World Financial Award is acknowledged by many financial firms, regulators, and non-governmental organisations, making it one of the most powerful parts of their PR and marketing strategy. The company brings together pioneers from various enterprises and gives them an exciting occasion to work, learn, share and tackle significant difficulties. 

Globally trusted KYC & AML service provider, Shufti Pro, has been acknowledged for providing cutting-edge digital identity verification solutions to businesses in the finance, iGaming, forex, and crypto sectors, to name a few. The company uses a distinct hybrid approach that combines artificial intelligence, machine learning, and biometrics to counter scams, fulfil compliance requirements and identify if customers are who they claim to be. It incorporates ​​mobile ID verification and video KYC to facilitate seamless, secure, and fraud-free customer onboarding.

“We are honoured for this recognition. World Financial Award will inspire us to work even harder to serve the Fintech sector,” said Victor Fredung, the CEO of Shufti Pro. He further stated, “this award has increased our responsibility to assist businesses in making the online world a safer place with our best-in-class IDV solutions.”

Shufti Pro has recently won “Best Financial Technology Provider UK 2022” and two “International Business Magazine Awards 2022” for providing world-class ID verification services. The company has also won “Top RegTech Startups” under the category of “Emerging Startups 2022.” Shufti Pro also won “Best Digital KYC/Onboarding Application UAE 2022” and “Best Digital KYC/Onboarding Application Europe 2022” at Global Business Reviews Magazine Awards 2022 for its market-competitive identity verification solutions. 

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has six international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Shufti Pro Wins Big at Ultimate FinTech Awards

Shufti Pro Wins Big at Ultimate FinTech Awards

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Originally published on pr.com

London, UK – Shufti Pro, the leading AI-powered identity verification and compliance solutions provider, has taken home top honours at the Ultimate FinTech Awards, winning in all three categories: Fintech AI, Best Onboarding, and Best RegTech.

Shufti Pro’s innovative technology and commitment to customer success stood out among highly-qualified competitors, earning the company recognition as the top solution in each category.

“We are honoured to receive these awards and grateful for the recognition of our hard work & dedication to provide the best possible service to our customers worldwide,” said Victor Fredung, the CEO of Shufti Pro. We will continue to innovate and push the boundaries of what’s possible in the FinTech space, helping our clients stay compliant and grow their businesses.” 

The Ultimate Fintech Awards recognise the most promising and innovative companies in the financial technology industry, with winners selected by a panel of industry experts. Shufti Pro’s success in all three categories demonstrates the company’s leadership and expertise in the field.

About Shufti Pro

Shufti Pro is a leading AI-powered identity verification and compliance solutions provider. The company helps businesses of all sizes fight fraud and comply with KYC & AML regulations by providing fast, accurate, and reliable identity verification services.

For more information, 

Graeme Rowe
CMO | Shufti Pro
[email protected] 

Shufti Pro Exhibits at the Largest Global B2B Fintech Conference “iFX EXPO Dubai 2023”

Shufti Pro Exhibits at the Largest Global B2B Fintech Conference “iFX EXPO Dubai 2023”

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London, UK – Jan 17, 2023 – Shufti Pro, the leading provider of AI-powered end-to-end identity verification, eKYC, and AML solutions, is exhibiting at the iFX EXPO Dubai, the largest financial B2B Conference, from 16th to 18th January 2023 in Dubai World Trade Centre Za’abeel Hall 6.

Ahmad Jamal (Head of Sales MENA), Hameed Umair (Growth Specialist), Muhammad Faraz (Customer Onboarding Specialist MENA), and Hala El Mashtoub (Business Development Specialist) are representing Shufti Pro at the EXPO. Meet the team at booth no 100 to have an expert talk regarding KYC and AML in the finance sector. 

iFX Expo is the world’s largest financial B2B exhibition. It provides a chance to connect professionals in online trading, financial services, and fintech across Europe, Asia, & the Middle East. This year’s event is attended by top-level executives from renowned international organisations, giving them a chance to engage in insightful content about KYC and AML in the finance sector. The iFX Expo Dubai 2023 has 100+ speakers and 3500 attendees.

Shufti Pro has expanded its top-notch IDV services to more than 700 international clients in mainstream industries such as finance and banking, gaming, e-commerce, crypto, healthcare, and education, to name a few. The company has recently launched Forensic Document Verification which utilises AI along with handwriting validation, UV ray examination, microscopic analysis, and OCR to detect counterfeit documents with a 99% accuracy. 

For the second year in a row, iFX EXPO Dubai is taking place at the Dubai World Trade Centre, Za’abeel Hall 6. For 2 whole days, this impressive venue is hosting attendees, exhibitors and sponsors, including successful start-ups, leading international brands, and industry giants, to grow their business network successfully.

Shufti Pro also rolled out its Customer Risk Assessment (CRA) and Customer Risk Scoring (CRS) solutions providing businesses with effective tools to conduct an in-depth analysis of the risk associated with potential customers. With its robust KYC/AML services, Shufti Pro aims to safeguard the global financial market against Fincrime.

Expressing his thoughts on attending the iFX EXPO Dubai event, Victor Fredung, the CEO of Shufti Pro, commented, “We are attending the largest Fintech event, iFX Expo in Dubai this year. Such events provide a chance to have unparalleled exposure opportunities and insightful speaker sessions. We are engaging with finance, trading, and Fintech experts about automated KYC and AML verification.”

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions, accelerating trust worldwide. The UK-headquartered company has five international offices and has launched 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, 

Graeme Rowe
CMO | Shufti Pro
[email protected] 

Shufti Pro Makes It To The Ultimate Fintech Awards MEA 2023

Shufti Pro Makes It To The Ultimate Fintech Awards MEA 2023

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London, UK – Dec 23, 2022 – Shufti Pro, the leading provider of AI-powered end-to-end identity verification, eKYC, KYT, and AML solutions, has been nominated at the Ultimate Fintech Awards MEA 2023 under the categories of “Best Fintech AI Solution,” “Best Regtech Reporting Solution,” and “Best Client Onboarding Solution.” 

Honouring excellence across the Middle East and Africa, Ultimate fintech’s main focus lies in driving ROI by connecting the brands to the right audience through a customised range of services in marketing, events and PR. While Shufti Pro, an AI-powered KYC/AML service provider, has been catering to the IDV needs of 100s of customers worldwide since its inception in 2017. 

You can show your support for Shufti Pro by voting in the category of “Best Fintech AI Solution,” “Best Regtech Reporting Solution,” and “Best Client Onboarding Solution” at the provided link. Voting lines are open until Jan 10, 2023, while the winners will be announced on Jan 18, 2023, in the awards ceremony to be held at iFX Expo Dubai. 

Expressing his thoughts about being nominated, the CEO of Shufti Pro, Victor Fredung, said, “The nomination in the upcoming Ultimate Fintech Awards MEA 2023 validates our efforts in providing automated and configurable Fintech, Regtech and client onboarding solutions. In a time where online scams are skyrocketing in the financial sector, providing cutting-edge Fintech and Regtech services is our top priority. This nomination has encouraged the Shufti Pro team to strive even harder towards providing seamless identity verification solutions to our global customers.” 

Shufti Pro has recently won “Best Financial Technology Provider UK 2022” and two International Business Magazine Awards 2022 for providing world-class ID verification services. The company has also won “Top RegTech Startups” under the category of “Emerging Startups 2022.” Shufti Pro also won “Best Digital KYC/Onboarding Application UAE 2022” and “Best Digital KYC/Onboarding Application Europe 2022” at Global Business Reviews Magazine Awards 2022 for its market-competitive identity verification solutions. 

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has six international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Paysprint and Shufti Pro Join Forces to Provide an Automated, Secure, and Seamless Customer Experience

Paysprint and Shufti Pro Join Forces to Provide an Automated, Secure, and Seamless Customer Experience

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London, UK – DEC 9, 2022 – PaySprint, a fintech company headquartered in Toronto, Canada, has announced a partnership with Shufti Pro, a globally trusted identity verification service provider, to perform seamless, fast, and secure customer transactions while adhering to global KYC & AML regulations.

PaySprint is a 100% subscription-based digital wallet that enhances payment processing among individuals and merchants. The company’s digital wallet enables individuals to send and receive money locally and across the border, while merchants are able to receive payments from customers through QR Code for face-to-face payments, sharing payments link for remote customers, and online payments on the business website through API with no usage fees.

Reduced costs, convenience, speed, and personalization are some of the main factors that make fintech players successful in today’s digital economy. While these advantages paint a positive picture, there is also a riskier part to being an online service provider. Fraudsters try their best to manipulate the system and take advantage of unsuspecting users in the Fintech markets. That is why PaySprint has decided to upgrade its fraud prevention strategy and integrate Shufti Pro’s identity verification services.

Shufti Pro, a global trust platform, makes the most of an organisation’s identity verification investment by eliminating manual processes and enhancing operational efficiency. The company’s reliable and highly accurate IDV solutions are built to detect and prevent identity theft and data breaches, thereby securing customer transactions. Through this partnership, PaySprint is able to integrate Shufti Pro’s suite of over 17 services via a single API that helps the company avoid any type of fraudulent activity while meeting AML, KYC, and CTF regulations around the world.

Commenting on the partnership, the CEO of Paysprint, Shalom Adebiyi, said: “Shufti Pro made it easy for us to expand more rapidly into many more countries than we envisaged. We believe that partnering with Shufti Pro would continue to enable us to meet the local compliance requirements and deliver superior values to our customers.”

“According to FTC reports, financial service providers experienced a 39% increase in fraud cases last year, while businesses belonging to other industries faced an increase of 7%,” said Victor Fredung, the CEO of Shufti Pro. “The rise in fraud cases is enough to show how badly businesses related to the finance industry need IDV services. We are proud to be assisting our partner, PaySprint, in avoiding identity and financial fraud while helping them to meet KYC & AML regulations.”

About Paysprint

PaySprint was incorporated in 2021 to deepen the financial inclusion of the underserved in both urban and semi-urban centres globally through its product, PaySprint. Leveraging existing technological and payment infrastructure, the company’s digital wallet offers seamless, end-to-end payments at minimum costs. In addition, merchants connected with customers nearby can create and send invoices on any mobile device instantly, receive payments from customers and withdraw funds to the bank with ease. PaySprint is currently available in over 100 countries and in 52 currencies

About Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions worldwide. The UK-based company has 5 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify over 10,000 documents in 150 languages, Shufti Pro serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

The Payment Firm Integrates Shufti Pro’s KYC & AML Solutions to Strengthen Customer Identity Verification and Compliance

The Payment Firm Integrates Shufti Pro’s KYC & AML Solutions to Strengthen Customer Identity Verification and Compliance

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London, UK – Dec 8, 2022 – Online money transfer service provider, The Payment Firm has collaborated with a leading identity verification provider, Shufti Pro, to enable a secure transaction experience for customers. 

The Payment Firm provides its customers with domestic and international money transfer facilities and foreign exchange to individuals and businesses of every size. The company makes transferring funds fast, cost-effective, and convenient with its new Pay App. There’s no doubt rapid digitization and globalization have made money transfers across international borders easier than ever before, however, it also comes at the risk of fraudsters exploiting the system as businesses look to expand beyond borders. That is why The Payment Firm has entered into a partnership with Shufti Pro to stay on top of regional differences and regulatory evolution as it occurs. 

In this digital era, when businesses cannot afford to have any loopholes in their security systems, Shufti Pro, a globally trusted IDV platform, offers AI-native KYC and AML solutions to firms worldwide. High customizability, 98.67% verification accuracy, and global reach of its services make it the best choice for businesses across a wide range of industries. Through this partnership, The Pay Firm would be able to prevent identity theft and financial fraud by verifying customer identities while meeting Anti-Money Laundering (AML), Know Your Customer (KYC), and Counter Terrorist Finance (CTF) regulations.

Commenting on the partnership, the CEO of the Payment Firm, Cavit Polat, said: Shufti Pro is the most efficient and customer-friendly solution that I have come across during my market research. Professionalism and effective client service are very rare and impressive. Our companies are within different jurisdictions under different regulatory frameworks, and I am happy to say that Shufti Pro can provide bespoke solutions to our needs. They always take the initiative to make sure their clients are getting what they need, which definitely falls under “value for money.” The ID verification process is thorough, and it means less manual work for our compliance team.”

“We are excited to onboard The Payment Firm and aim to maintain this partnership for a long period,” said Victor Fredung, the CEO of Shufti Pro.Customer experience is the primary goal for us hence we will spare no effort in providing the best of our services and customer support to The payment Firm.

About The Payment Firm 

The Payment Firm Ltd is an electronic money institution focused on international transfers. The company also offers domestic money transfers and foreign exchange to individuals, small businesses, and corporations. Based in the UK, The Payment firm LTD is authorised and regulated by the Financial Conduct Authority. 

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions worldwide. The UK-based company has 5 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify over 10,000 documents in 150 languages, Shufti Pro serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Safwa Islamic Bank Integrates Shufti Pro’s KYC & AML Solutions to Streamline Customer Identity Verification

Safwa Islamic Bank Integrates Shufti Pro’s KYC & AML Solutions to Streamline Customer Identity Verification

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London, UK – Dec 5, 2022 – A leading banking institution implementing the values of diversity, modernity, justice, and transparency throughout its services, Safwa Islamic Bank has announced its partnership with one of the industry-leading KYC & AML service providers, Shufti Pro to offer a frictionless, secure and reliable experience for its customers using the “Safwa Mobile” application.  

Founded in 2010, Safwa Islamic Bank has become Jordan’s first modern Islamic bank providing its customers with innovative banking solutions that are both Sharia-compliant and in line with their specific banking needs. Keeping the security and privacy of users’ information as its top priority, the financial institution has replaced OTP with biometric authentication. 

Shufti Pro is a globally acclaimed identity verification service provider that offers award-winning KYC and AML solutions to businesses in the finance and banking, eCommerce, cryptocurrency, healthcare, and education sectors. The high accuracy rate and global configurability of its solutions have increased demand for the company’s  services resulting in serving established businesses across a wide range of industries.

Financial solution provider Safwa Islamic Bank, which promises a convenient user journey, decided to partner with Shufti Pro to offer a secure banking experience to their customers. This enables the  bank to prevent the threat of money laundering and other financial scams by performing robust identity verification of customers in just a few seconds. Shufti Pro’s KYC solution verifies the identity of customers in real-time, helping businesses tackle fraud to prevent identity theft, money laundering, and terrorist financing while staying compliant with global KYC and AML regulations.

Commenting on this collaboration, the CEO of Safwa Bank, Samer Al Tamimi, said: “We take our clients’ privacy very seriously, and we want them to know that we are constantly looking for new innovative solutions to ensure a safe banking experience.  This is why we are proud of our recent partnership with Shufti Pro, the AI-powered identity verification solutions provider, which will provide state-of-the-art identity verification. This collaboration falls under our strategy to provide a seamless and secure digital experience for our valued customers who prefer to use our online platform. We aim to improve our online banking and create an even safer service through the “Safwa Mobile” application.”

“Organisations like Safwa Islamic Bank that offer digital banking services to customers need fast, accurate, and compliant IDV solutions to achieve their business goals,” said Victor Fredung, the CEO of Shufti Pro.Through this partnership, Safwa Islamic Bank will be able to seamlessly onboard and authenticate the identity of its customers. Shufti Pro’s KYC and AML solutions will enable Safwa Islamic Banks to mitigate identity and financial fraud while staying in line with regulatory requirements.

About Safwa

Safwa Islamic Bank is an integrated Islamic bank that incorporates firm Islamic values with the latest banking services of the highest caliber and provides its clients with high-quality products with a personal touch to fulfil their needs, in the process embodying a united philosophy and a constant slogan — Solid Principles, Innovative Solutions.

Safwa Islamic Bank offers a set of banking solutions in line with Islamic Sharia and in a modern formula, via a growing network of branches, across the Kingdom. It offers financing solutions to large and medium-sized enterprises through diverse Islamic financing products, services, and innovative solutions that meet all the segment’s financing requirements. The bank also takes special care of its major clients through a package of special services that specifically fulfil their needs.

About Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions worldwide. The UK-based company has 6 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify thousands of ID documents in 150 languages, Shufti Pro serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Shufti Pro Complies with New Guidelines for SEPA Instant Credit Transfer Scheme

Shufti Pro Complies with New Guidelines for SEPA Instant Credit Transfer Scheme

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London, UK – Nov 30, 2022 – Shufti Pro, the leading provider of AI-powered end-to-end identity verification, eKYC, KYT, and AML solutions, recently complied with new guidelines by the SEPA Credit Transfer Scheme. The company has taken this initiative in order to ensure seamless, secure, and fraud-free instant credit transfers across 36 countries in Europe. 

SEPA Instant Credit Transfer Scheme (SCT Inst) was first rolled out in 2017 by the European Payment Council (EPC). The European Union is a vast financial market consisting of 36 countries. Authorities have established a trade-free zone ‘SEPA’ across all these member states to guarantee the seamless flow of trading goods. Available 24/7 throughout the year, the EPC Payment scheme allows the transfer of up to €100,000 to other accounts in less than 10 seconds. Reportedly, the proposal aims to make instant payments in euros affordable, secure, and processed without hindrance across the EU. 

Shufti Pro, a globally acclaimed identity verification service provider, offers fully automated and highly configurable KYC and AML solutions to businesses in the finance and banking, eCommerce, cryptocurrency, healthcare, and education sectors, to name a few. The high accuracy rate and global configurability of its solutions have fueled demand for the company’s services, and it has onboarded businesses across a wide range of industries. Shufti Pro’s KYC solution verifies customer identities in real-time, helping businesses prevent identity theft, money laundering, and terrorist financing all while staying compliant with global KYC & AML regulations.

For businesses operating in multiple countries, banks making payments across borders, or consumers sending money abroad, instant payment solutions with globally interoperable standards could help facilitate faster, more transparent, and affordable cross-border payments. Despite being highly secured, it is still susceptible to crimes, particularly identity theft and money laundering. It is important for businesses to put procedures and technology in place to safeguard themselves and their consumers from fraud. 

Shufti Pro’s reliable KYC solution is the ideal option for all digital platforms opting for the Instant Credit Payment scheme. By incorporating advanced forensics screening, particularly biometric authentication of users and document verification using Optical Character Recognition (OCR) technology, companies can securely onboard customers and keep a record of financial transactions. The AML screening solution by Shufti Pro has access to 1700+ sanctions lists by global financial watchdogs and screens users’ data against them while generating results in a matter of seconds with 99% accuracy.

“Instant payments enable people to transfer money at any time of any day within ten seconds, making them much faster compared to traditional credit transfers, which are received by payment service providers only during business hours and arrive at the payee’s account only by the following business day, which could take up to three calendar days,” says Victor Fredung, the CEO of Shufti Pro. “However, being highly fast and providing services to 36 European countries makes the SCT Inst scheme highly susceptible to financial crimes. Henceforth, businesses availing this platform need to incorporate KYT and AML services in order to stay ahead of criminals and their activities.”

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has six international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

World Economic Magazine Honours Shufti Pro with “Best Financial Technology Provider UK 2022” Award

World Economic Magazine Honours Shufti Pro with “Best Financial Technology Provider UK 2022” Award

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London, UK – Nov 4, 2022  – Shufti Pro, a highly reputable identity verification solution provider, announced that it has been awarded the “Best Financial Technology Provider UK 2022” award by World Economic Magazine.  Shufti Pro was given this award for exhibiting exceptional development based on innovation,  growth, and creating a positive impact with its state-of-the-art KYC & AML solutions.

Aimed to recognize top performers with prominent companies in the global economic space, World Economic Magazine provides distinctive standards for excellence across a variety of different domains. The platform is committed to enhancing the present state of the world economy by engaging businesses and leaders across several channels that shape regional, industrial, and global agendas. World Economic Magazine Awards aspire to honour the successes of talented companies contributing to financial technologies. 

Globally trusted KYC & AML service provider, Shufti Pro, has been acknowledged for providing cutting-edge digital identity verification solutions to businesses in the finance, iGaming, forex, and crypto sectors to name a few. The company uses a distinct hybrid approach that combines artificial intelligence, machine learning, and biometrics to counter scams, fulfil compliance requirements and identify if customers are who they claim to be. It incorporates ​​mobile ID verification and video KYC to facilitate seamless, secure, and fraud-free customer onboarding.

“We are honoured for this recognition, “Best Financial Technology Provider UK 2022″ award will inspire us to work even harder to serve the Fintech sector,” said Victor Fredung, the CEO of Shufti Pro. He further stated, “this award has increased our responsibility to assist businesses in making the online world a safer place for everyone with our identity verification solutions.”

About Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions worldwide. The UK-based company has 5 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify thousands of ID documents in 150 languages, Shufti Pro serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Shufti Pro Celebrates 5 Years of AI-Powered IDV Innovation That’s Accelerating Trust Worldwide

Shufti Pro Celebrates 5 Years of AI-Powered IDV Innovation That’s Accelerating Trust Worldwide

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London, UK – Oct 31, 2022 – Shufti Pro, the leading provider of AI-powered end-to-end identity verification, eKYC, and AML solutions, is celebrating its 5th anniversary on October 31st. Headquartered in the UK, the company provides global coverage with support for over 150 languages. It has expanded its top-notch IDV services to more than 700 international clients in mainstream industries such as finance and banking, iGaming, e-commerce, crypto, healthcare, and education, to name a few.

Over the past half-decade, the company has continuously achieved new milestones, witnessed year-over-year growth of 100%, and expanded its operations to hundreds of countries and territories. In the past year, Shufti Pro launched Forensic Document Verification which utilises AI along with handwriting validation, UV ray examination, microscopic analysis, and OCR to detect counterfeit documents with a 99% accuracy. The company also rolled out its Customer Risk Assessment (CRA) and Customer Risk Scoring (CRS) solutions providing businesses with effective tools to conduct an in-depth analysis of the risk associated with potential customers.

Whether it be COVID-19 or the Russian invasion of Ukraine, Shufti Pro promptly stepped forward in playing its part to help those in need by offering expertise, know-how, and technology. The company took initiative and showed humanitarian support to Ukraine, announcing 10 Million free Verifications for aid agencies to securely identify people entering the country.  And again during the pandemic, Shufti Pro created an end-to-end identity and vaccination certificate verification solution enabling businesses to confidently and safely re-engage with customers in person. The company also won the trust of Louisiana Gaming Control Board and West Virginia Lottery Board to legally operate in the United States, adding to an already impressive list of 14 other US states. 

Expressing his thoughts on its 5th anniversary, Shufti Pro’s CEO & co-founder, Victor Fredung stated, “Shufti Pro was launched to facilitate global clients with the market’s most reliable IDV solutions. Delivering authentic KYC, KYB, KYI, and AML services in more than 230 countries and territories with an accuracy rate of 99%, we are proud to say that it is just the beginning. Achieving unquestionable worldwide recognition and an international presence, Shufti Pro has one goal, to provide its customers with swift, cost-effective, and 100% accurate IDV within milliseconds.”

“As we celebrate Shufti Pro’s 5th anniversary, I want to thank all our clients, partners, and team members without whom it could not be possible. We are determined to work even harder and smarter to build trust between businesses and customers and continue to innovate in the space of IDV and compliance,” stated Shahid Hanif, Founder and CTO of Shufti Pro.

Earlier this year, Shufti Pro raised $20 Million in Series A funding to accelerate its international expansion, enhance its IDV solutions and expand the company’s compliance suite. The company has been recognised for its accurate, swift, and authentic IDV solutions by securing numerous prestigious awards. The latest being the Global Business Reviews Magazine Awards 2022, Tracxn Emerging Startups 2022, International Business Magazine Awards 2022, and Ultimate FinTech Awards 2022.

From what started as a single line of code and a dream by the company’s founder and CTO, Shahid Hanif, Shufti Pro has come a long way with its six international offices serving over 700 clients. The configurable IDV services offered by the company empower organisations to be agile,  and rapidly adapt to technological advancements in a wide scope of industries. Businesses globally have successfully relied on Shufti Pro for providing millions of secure ID verifications and stopping tens of thousands of potential fraud attempts. In the long run, the company is deeply committed to continuing to innovate in the IDV compliance industry.

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has five international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Action Monkey Incorporates Shufti Pro’s KYC & AML Solutions to Enhance its Regulatory Compliance

Action Monkey Incorporates Shufti Pro’s KYC & AML Solutions to Enhance its Regulatory Compliance

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London, UK – Oct 27, 2022 – Action Monkey, an institutional grade Permissioned Decentralised Finance (DeFi) Platform announced today that it is collaborating with global KYC & AML provider, Shufti Pro, to provide safe, secure, and robust customer onboarding.

Action Monkey offers automation and regularisation of the alternative investment and financing industry, with access to investor syndication, liquidity, transparency, efficiency, transferability, and scalability. Action Monkey made the decision to partner with Shufti Pro to stay in line with regulations while providing access to liquidity for private capital and debt markets. 

Shufti Pro provides Action Monkey with the best-in-class KYC verification and AML screening services to reduce the threat of onboarding money launderers in the DeFi industry. Shufti Pro’s robust, authentic and result-driven services will assist Action Monkey to prevent identity and financial fraud while ensuring compliance with regulatory requirements. 

Action Monkey offers solutions that cover the entire life cycle of a digital asset with functionalities including tokenization, compliance, custody, exchange, purchase, and sale of tokens, and access to a liquidity protocol. Shufti Pro’s AML screening identifies high-risk profiles against criminal watch lists, global sanctions, and Politically Exposed Persons (PEP) lists. Shufti Pro’s identity verification services will not only encourage a faster customer onboarding rate but will also promote KYC & AML compliance in the DeFi market. 

Commenting on the partnership, Ángela Álvarez, Founder and CEO of Action Monkey said, “We are a Permissioned DeFi Platform for cryptoassets, focused on security tokens, operating on a global basis where a review of the identity and the application of effective AML screening is fundamental. Shufti Pro’s powerful Enhanced AI Technology will allow us to achieve the highest level of accuracy in ID verification with devoted AI models for each type of document, giving our customers a quick and seamless onboarding experience. Shufti Pro solutions incorporated in the Platform are effective to support our compliance and control functions in order to comply with regulation, incorporating technologically advanced AI.”

“We are very glad for our partnership with Action Monkey to help secure the DeFi industry against identity theft and money laundering,” stated Victor Fredung, CEO of Shufti Pro. “Hopefully, this partnership will fortify trust, and transparency, and encourage AML & KYC compliance in the DeFi community.”

About Action Monkey

Action Monkey Capital DeFi Platform is a Permissioned Decentralised Finance (DeFi) Platform, a new generation of permissioned financial infrastructure with blockchain for the Investment and Alternative Financing industry. Action Monkey Capital DeFi Platform solves some of the challenges of the private capital market and crypto asset industry, such as scalability, automation, interoperability, and access to liquidity, using blockchain technology and decentralised smart contract protocols for Security Tokens. 

About Shufti Pro

Shufti Pro is an automated identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions to help businesses securely onboard legitimate customers globally. The UK-based company has 5 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify thousands of ID documents in 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Xponent Collaborates with Shufti Pro to Create a Highly Secure Experience for its Clients

Xponent Collaborates with Shufti Pro to Create a Highly Secure Experience for its Clients

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London, UK – Oct 27, 2022 – MENA’s first micro-investment mobile application that aims to allow millions of users to invest in a hassle-free and automated manner, Xponent, has announced a partnership with one of the industry-leading KYC and AML service providers, Shufti Pro, to offer a frictionless, secure and reliable customer onboarding experience. 

Xponent is a Fintech startup that will introduce Micro-Investing by rounding up the customers’ daily transactions. The company offers a niche service for investing users’ money unlike any other entity in the market; in a region where other applications have prerequisites of capital and pre-existing financial knowledge. The company aspires to make sure every individual has access to the world of investments, and the discipline to attain financial freedom by seamlessly merging spending and savings, allowing users to take better control of their finances for a chance at a better future. 

Shufti Pro is a globally acclaimed identity verification service provider that offers award-winning KYC verification and AML screening solutions to businesses in the finance and banking, eCommerce, cryptocurrency, healthcare, and education sectors, to name just a few. The high accuracy rate and global configurability of its solutions have fueled demand for the company’s services and as a result, it has on-boarded businesses with a wide range of use cases.

Shufti Pro is one of the leading identity verification service providers, rapidly accelerating trust worldwide so that customers and businesses can transact safely and securely. The company provides real-time verification to 700+ customers in 150 languages, all through a single API integration allowing access to its 17 services. Companies around the globe rely on Shufti Pro to help meet their business requirements and automate due diligence and fraud prevention workflows while staying in line with global KYC and AML regulations.

Through this partnership, Xponent will be able to prevent the threat of identity theft and financial fraud like money laundering and terrorist financing, avoiding hefty penalties that may arise due to non-compliance. 

Commenting on the collaboration, Xponent’s COO, Pankaj Solanki, said: “Shufti Pro has a wide variety of product offerings which are suitable for every, and any, kind of business out in the market. Shufti Pro allows Xponent to effectively and efficiently onboard users by offering services that allow us to save in the long term and through additional efforts offered through their advanced SDK and tech support.”

“Innovative organizations like Xponent that provide financial assistance to their customers require identity verification solutions more than anyone else,” said Victor Fredung, the CEO of Shufti Pro. “This partnership aligns with our efforts in supporting innovative financial service providers and offering reliable and secure identity verification services in an increasingly borderless and digital world.”

About Xponent

Xponent is a revolutionary new mobile application that will empower millions of users to begin investing in a hassle-free and automated manner; making it the simplest investment tool in the GCC that rounds up your daily transactions to get invested in global markets with no minimums.

About Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions. The UK-headquartered company has 5 international offices and has launched a suite of 17 different IDV products since its inception in 2017. With the ability to verify thousands of ID documents in 150 languages, Shufti Pro serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

Kinguin Partners with Shufti Pro to integrate KYC solutions

Kinguin Partners with Shufti Pro to integrate KYC solutions

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London, UK September 22nd, 2022 – The world’s first digital games marketplace, Kinguin, has partnered with global IDV provider Shufti Pro, which will see it integrate KYC in late 2022 for some purchases to further improve Kinguin’s industry leading fraud prevention record. Shufti Pro’s configurable KYC solution will ensure that Kinguin customers are able to seamlessly and safely purchase any of the thousands of digital products that the Kinguin Marketplace has to offer.

Kinguin has always prioritised customer safety when it comes to making purchases through their digital marketplace. Between September 2021, and August 2022, Kinguin was able to record one of its lowest fraud scores (0.14% on all purchases) since the marketplace opened in 2013, with gaming products registering at one of the lowest fraud rates in all purchase categories (0.06%). Kinguin has also been able to significantly increase customer satisfaction (4.4 Trustpilot score, with over 38 000 reviews), reduce the volume of necessary refunds (by 27%) and also lower its customer complaint ratio across all purchases (to 0.34%), where each complaint is reviewed by the Kinguin customer support team, to ensure each customer receives a proper solution. By integrating Shufti Pro as another security layer later this year, Kinguin is taking their customer security to the next level in an effort to become the safest gaming marketplace in the world.

Integrating Shufti Pro’s KYC solution into the Kinguin marketplace verifies the identity of customers in real-time during the purchasing process. The integration will increase safety for over 14 million Kinguin customers looking to buy any of the 95 000 unique digital products that can be found on the Kinguin Marketplace.

Shufti Pro will cater to the IDV needs of the Kinguin Marketplace and help Kinguin reduce fraud on specific purchases. By implementing this extra layer of security on certain items and goods, Kinguin will be able to build upon its industry leading track record when it comes to customer safety and fraud prevention.

 

Michał Figas, VP of Customer Service & Fraud Risk Management at Kinguin said: “We’re proud to have one of the lowest fraud rates of any gaming marketplace globally and we are always searching for new solutions to better improve the safety of our customers. Shufti Pro provided the most effective KYC solution, allowing us to streamline our customer’s experience on the Kinguin Marketplace, ensuring purchases are as secure and convenient as possible”.  

“We are pleased to be assisting Kinguin in its goal of delivering an intuitive digital experience for its customers,” stated Victor Fredung, CEO of Shufti Pro. “Through this partnership, Kinguin will seamlessly onboard and authenticate the identity of their customers, fulfil KYC requirements, scale the speed and accuracy of site-wide transactions”

 

About Kinguin

Kinguin is the pioneering digital marketplace with a vision to be the world’s most open digital entertainment playground where everyone plays. Established in 2013, it is best known for the digital trading platform Kinguin.net. The global video games marketplace, with more than 14 million registered users, offers over 95,000 unique digital products, from video games to computer software and service, ending on NFTs. 

For more information,
[email protected]

About Shufti Pro

Shufti Pro offers KYC, KYB, and AML services to help global businesses onboard legitimate customers. The UK-based company has 5 regional offices and launched 17 different IDV products since its inception in 2017. With the ability to verify 3000+ ID documents in 150+ languages, Shufti Pro is serving customers in 230+ countries and territories. 

For more information, contact:
Octopus Communications
[email protected]

Originally published at EIN Presswire

Shufti Pro Bags Nomination for the RegTech Insight Awards USA 2022

Shufti Pro Bags Nomination for the RegTech Insight Awards USA 2022

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London, UK, – Sep 13, 2022 – Recognizing the milestones achieved by Shufti Pro in the field of RegTech, the global ID verification service provider has been shortlisted by the RegTech Insight Awards 2022 under the category of “Best KYC Solution for Client On-Boarding”. Nomination in this category shows the company’s top-notch identity verification solutions that have empowered businesses across various sectors to accurately onboard reliable clientele. 

Organized by A-Team, the 2nd annual RegTech Insight Awards USA 2022 acknowledge providers of leading RegTech services and is uniquely designed to honour start-ups and established players in the financial, regulatory and technological fields. Shufti Pro is an AI-powered KYC/AML service provider that has been catering to the customer identity verification needs of businesses in 230+ countries and territories since its inception in 2017. 

The shortlist has been compiled by editors of RegTech Insight Awards and their North America Advisory Board. The evaluation of the shortlist considers the depth of involvement in capital markets, the relevance of a solution to a selected award category, and the potential interest of service to the RegTech Insight community. 

You can show your support for Shufti Pro by voting in Category 14 (Best KYC Solution for Client On-Boarding) at the provided link. Voting lines will be open until Friday 16th September 2022 at 5 pm UK, while the winners will be announced at an exclusive drinks reception during the RegTech Summit in NY on 16th November 2022.

“Shufti Pro is known for its globally configurable IDV solutions and nomination in the category “Best KYC Solution for Client On-Boarding” validates our efforts in providing businesses with highly accurate and robust RegTech solutions,” said Victor Fredung, the CEO of Shufti Pro. 

Recently, Shufti Pro has been crowned “Best Client Onboarding Solution” at the Ultimate Fintech Awards 2022 for its AI-powered IDV solutions. The company also secured “Best Digital Identity Verification Solutions MENA 2022” and “Best Verification Services Provider MENA 2022” at the International Business Magazine Awards. In addition, an international platform for tracking innovative organizations, Tracxn, has also declared Shufti Pro the winner of “Top RegTech Startups” under the category of “Emerging Startups 2022.”

About Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, Biometric authentication, age verification and AML services. The UK-based company has 5 regional offices and has launched 17 different IDV products since its inception in 2017. With the ability to verify thousands of ID documents in 150+ languages, Shufti Pro serves customers in 230+ countries and territories. 

For more information,

Graeme Rowe
CMO | Shufti Pro
[email protected]
+44 7909 447255

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