Shufti Pro’s Upcoming Webinar: AML Regulatory Compliance & KYC Practice from an Enterprise Perspective

Shufti Pro’s Upcoming Webinar: AML Regulatory Compliance & KYC Practice from an Enterprise Perspective

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Initially Published on PR Log 

London, United Kingdom, March 21, 2023 – Globally acclaimed, AI-powered ID verification service provider, Shufti Pro, is hosting a webinar, on AML regulatory and KYC practice from an enterprise perspective on March 30th, 2023 at 3 PM GMT. The webinar is available to all and aims to help businesses understand the landscape and root causes of identity theft, terrorist financing, and meet the ever-changing dynamics of AML and KYC. 

Anyone who wants to join the webinar can register here!

Shufti Pro is an award-winning IDV solution provider with industry-wide recognition, the company’s global presence serves its global customer base and it provides seamless KYC and AML solutions that span a vast array of industries. With exceptional knowledge of AML screenings, watchlists, automation, sanctions, benefits of AML and KYC with industry experts, Jeremy Platts (Managing Director, J Platts Consulting Ltd) and Barry Wong (Head of Asia Pacific), the attendees of the webinar will be having enterprise-level knowledge to strengthen their business operations.

The webinar aims to provide insight from industry experts into the detrimental consequences of drug trafficking, terrorist financing, tax evasion, identity theft, and many other types of fraud that cost a fortune to enterprises’ security, reliability, finance, and credibility. Expert advice will arm you with valuable insights such as trends, compliance changes, sanctions, protection, and threats to diversified threats to diversified industries. Such industries include finance, banking, eCommerce and many more. 

Victor Fredung, the CEO of Shufti Pro, added, “the financial crime surge has peaked over 50 percent with many firms, particularly in the UK and the US, committing repeat infractions and doesn’t seem to be on the decline anytime soon.” In relation to the webinar, Victor stated “we can’t change the mind of the attacker but combat these crimes in enterprises by staying fully updated about the AML and KYC compliance to fortify trust, transparency, reliability, and credibility.” 

In concurrence with Fredung, Jeremy Platts managing director at J Platts Consulting Ltd added “the increasing rate of fraud and theft is a concern for many enterprises, patterns show attackers to have developed more elevated and sophisticated techniques and to combat this understanding AML regulations and KYC practices from an enterprise perspective is pivotal; such knowledge gives businesses a chance to protect the integrity of the wider global financial system.”

Previously Shufti Pro hosted several webinars in different areas of KYC, KYB, and AML that discussed the modern requirements of compliance, root cause identification with experts, and how to implement the changes in SMEs and large enterprises to stay on top of trends. These webinars aim to keep businesses updated, informed about trends, and the changing dynamics of different industries.

About Shufti Pro

Shufti Pro is an industry-leading, AI-powered digital identity verification solution provider that offers KYC, KYB, and AML services in 230+ countries and territories to help businesses onboard legitimate customers and screen to reduce threats. The UK-based company has 6  regional offices and has launched 17+ IDV solutions worldwide. Through its efficient verification services, the company intends to create a secure and reliable digital marketplace without identity theft and other infractions.

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

Shufti Pro Receives 2 Nominations from The Global Brands Award 2023

Shufti Pro Receives 2 Nominations from The Global Brands Award 2023

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Initially Published on PR Log 

London, UK – March 20, 2023 – Acknowledging the technological milestones achieved by Shufti Pro to enhance KYC solutions, the globally trusted ID verification service provider has been nominated in the upcoming Global Brand Awards 2023. Recognising the efforts of Shufti Pro in utilising AI to streamline customer verification and onboarding procedures, the company is selected in the category of Fastest Growing KYC Solutions Providers and Best Use of Technology in ID Verification – United Kingdom, 2023. 

Headquartered in the United Kingdom, the leading platform offers advice, up-to-date news, reviews, opinions, and polls of various businesses belonging to different industries. Aimed to recognise top performers in the UK, Global Brands Award honours businesses that are excelling in providing services to their global customers.

The winners of the Global Brands Award will be selected by the experts of the awards’ organisers team. 

Expressing his thoughts at being nominated, CEO of Shufti Pro Victor Fredung said, “We are glad to be shortlisted for the Global Brands Award. In a world where the global crime rate is skyrocketing with each passing day, providing businesses with automated and configurable KYC customer verification solutions is our top priority. This nomination has motivated the Shufti Pro team to strive even harder towards delivering seamless IDV solutions to our global clientele.” 

About Shufti Pro

Shufti Pro being one of the leading identity verification service providers offers KYC, KYB, KYI, AML, and OCR solutions to keep the Fintech environment 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:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

Shufti Pro Announces Major Appointments to its Dubai Executive Team

Shufti Pro Announces Major Appointments to its Dubai Executive Team

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Initially Published on Dubai PR Network 

London, UK – March 14, 2023 – One of the leading identity verification service providers across the globe, Shufti Pro, has a talented team working in Dubai, led by Ahmad Jamal (the Head of MENA Sales), that has been helping companies prevent fraudulent attacks and meet KYC & AML regulations.

Shufti Pro has opened six international offices in the USA, UK, Sweden, Hong Kong and Cyprus in just a short span of five years. Any local company or representative can visit the Dubai office at this location. Shufti Pro aims to expand more and help new & existing businesses by helping them strengthen their identity verification processes & making them avoid compliance failures.

Shufti Pro’s team working in Dubai has the potential to set benchmarks by helping a plethora of firms enhance their internal control & protect themselves from getting netted by legal charges. The Dubai team led by Ahmad Jamal has helped Shufti Pro achieve a gamut of achievements in the world of IDV solutions & KYC compliance programs.

Dubai is home to one-third of all Middle East and North Africa (MENA) investors and 19 venture capitalists, the highest in the region. Nurturing the entrepreneurs and innovators of the future is at the forefront of Dubai’s business strategy. This is why the country is pretty important for Shufti Pro and its plans of expansion and developing more business as an identity verification service provider.

Ahmad Jamal has been serving Shufti Pro for the last 5 years, and now he will lead the Dubai team. Proficient in Public Relations, Business Development, Team Leadership, and many relevant skills, he earned the opportunity to serve Shufti Pro as a Business Development Representative, Global Business Development Manager, Sr. Manager for Global Sales, and Head of MENA – Sales. The skills and experience of Ahmad Jamal have made him the best fit to lead Dubai’s team.

“Working with Shufti Pro has been an amazing experience, and I’m looking for more as Shufti Pro has the potential to change how companies from a different line of work operate and implement identity verification processes.” Ahmad Jamal, Head of MENA – Sales, commented on his experience with Shufti Pro.

Along with Ahmad, there are three more important personalities that are helping him to manage the whole team in Dubai while making the company achieve its goals. Muhammad Faraz (MENA Onboarding Specialist) is capable of building genuine connections with people at all levels and creating relationships of trust with clients across the globe. Whereas Hala El Mashtoub (Business Development Specialist) has a demonstrated history of working in the telecommunication industry while being skilled in advertising, business development, & customer relationship, and Hameed Umair (The Growth Specialist) is the mastermind for creating effective growth strategies.

“Our teams operating across the world are working hard to provide businesses with seamless IDV solutions & strategies that can help them stay ahead of the fraudsters and meet global KYC & AML regulations,”  said the CEO of Shufti Pro, Victor Fredung.

Shufti Pro’s team is working hard to help firms operating across the globe that are too vulnerable to getting attacked by fraudsters & penalised by legal authorities for compliance failures. The company is launching a new product named risk assessment service to help businesses strengthen their IDV processes and secure their reputation by staying in line with global KYC & AML regulations. 

About Shufti Pro 

Shufti Pro, one of the leading identity verification service providers across the globe, offers KYC, KYB, KYI, AML, and OCR solutions to keep the business environment safe from fraudulent activities. The UK-headquartered 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 more than 230 countries and territories. 

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

Rock Stable Unveils its Integration of Shufti Pro’s IDV Solutions | A Strategic Move to Prevent Crypto Fraud

Rock Stable Unveils its Integration of Shufti Pro’s IDV Solutions | A Strategic Move to Prevent Crypto Fraud

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Initially Published on PR Log 

London, UK – March 13, 2023 – Rock Stable, a company that introduced its stablecoin known as ROKS in the world of crypto, announces its partnership with Shufti Pro to strengthen its identity verification system along with successful compliance with KYC & AML regulations

Rock Stable is a cross-border money transfer company that allows recipients to receive a USD-equivalent stablecoin directly into their virtual wallets. Recipients who prefer to receive USD rather than local currency can do so via stablecoin ROKS that can be converted to local currency at the tap of a button on the wallet app at any time. Local currency can then be picked up from a pawnshop, deposited either into e-wallets, or deposited into a bank account. 

Although crypto has become part of the mainstream, it is still accompanied by many risks, such as money laundering, terrorist financing, and identity theft. To detect such criminal acts beforehand, RockStable has partnered up with Shufti Pro to utilise its IDV solutions to combat these threats.

Shufti Pro, one of the leading identity verification solution providers, has been serving companies operating in various industries since it was established in 2017. From preventing financial crimes to providing companies with useful strategies to comply with global KYC, KYB, AML, and CDD regulations, Shufti Pro has got everything an organisation would need to solidify its IDV procedures. 

Carlos Tapang, the CEO of Rock Stable shared his views on the partnership by saying “Cryptocurrency is currently a tough business to be in, but we see recent events as part of the “cleansing phase” within the overall process of cryptocurrency adoption. There is room for decentralised finance (DeFi), but there is also room for compliance. The world cannot switch over in one fell swoop because nature does not like discontinuities. We at Rock Stable straddle between DeFi and TradFi and we will do this successfully with the right partners. On the compliant, TradFi side, we have partnered with Shufti Pro. The Shufti Pro system is designed from the ground up to make it easy for users to be compliant. We are very happy to belong to the Shufti Pro family.”

“Preventing financial crimes and identity theft from fintech markets is what we focus on. We will provide Rock Stable with our best IDV services to help them improve their digital onboarding & customer experience,” said Victor Fredung, the CEO of Shufti Pro.

About Rock Stable

Rock Stable is a cross-border money transfer company that allows recipients to receive a USD-equivalent stablecoin directly into their virtual wallets. ROKS can be converted to local currency at the tap of a button on the wallet app, at anytime. Local currency can then be picked up from a pawnshop, deposited into either of two very popular e-wallets, or deposited into a bank account. 

About Shufti Pro

Shufti Pro being one of the leading identity verification service providers offers KYC, KYB, KYI, AML, and OCR solutions to keep the Fintech environment 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:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

Kairos Loan Establishes Alliance with Shufti Pro to Make its Platform Safer for the Investors

Kairos Loan Establishes Alliance with Shufti Pro to Make its Platform Safer for the Investors

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Initially Published on PR Log

London, UK – March 10, 2023 – A firm with an unorthodox business model of lending loans against NFTs (Non-Fungible Tokens) as collateral, Kairos announces its partnership with Shufti Pro, one of the leading IDV solution providers, to leave no room for attempted fraud whilst meeting global KYC & AML regulations.  

Kairos makes it possible for customers to take out an instant loan with the best LTV on the market while maintaining the asset’s utility. Capital efficient for liquidity providers and with the best user experience possible for borrowers, the protocol will be multi-chain and targets mainly PFPs and video game assets. 

However, with such an amazing model, Kairos Loan still requires effective AML strategies to combat money laundering and terrorist financing. In fact, NFTs or any digital asset related to web 3 is quite vulnerable in terms of being used by criminals. This is why Kairos had to devise a strategy to accommodate such risks by collaborating with Shufti Pro to prevent such fraudulent attempts and KYC & AML compliance failures. 

Shufti Pro, one of the leading identity verification solution providers, offers AI-powered KYC & AML solutions to a large number of organisations across the globe. Fully customisable services, 99% of verification accuracy, and being acknowledged by companies worldwide make it the best choice for organisations operating in the Fintech market. With this partnership, Kairso would be able to detect threats beforehand while keeping its platform safe for its potential customers.

“Shufti Pro allowed us to quickly and efficiently carry out the KYC/AML part for our fundraising. In token fundraising, it’s particularly important to be able to ensure the origin of funds and investors with our traditional banking partners,”  said Joseph Bosseult, the CEO of Kairos Loan. 

“Helping companies prevent fraudulent attacks and comply with KYC & AML regulations is what we are fond of. We will play all our cards to make Kairos fulfill its goals, ” commented Victor Fredung, the CEO of Shufti Pro. 

About Kairos Loan

Kairos Loan is a lending protocol using NFTs as collateral, offering better LTV and instant borrowing through native integration. It was initiated with a vision of providing tools to the community to facilitate financialisation and unlock new applications for NFTs.

About Shufti Pro

Shufti Pro being one of the leading identity verification service providers offers KYC, KYB, KYI, AML, and OCR solutions to keep diverse industries safe from fraudulent activities. The UK-headquartered firm has expanded to seven international offices and introduced a suite of 17 IDV products along with several other features 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]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

VetMe Joins Hands With Shufti Pro to Make its Escrow and Vetting Services More Secure

VetMe Joins Hands With Shufti Pro to Make its Escrow and Vetting Services More Secure

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Originally Published on PR Log 

London, UK – March 6, 2023, VetMe, a leading provider of escrow and vetting services, announces its partnership with Shufti Pro, a global identity verification solution provider. This alliance aims to ensure a fraud-free payment transaction, making it more trustworthy than ever before for its clients.

VetMe is an online platform that provides digital screening services to help its clients mitigate risks associated with online transactions. It offers background checks and payment protection services for buyers & sellers, ensuring that both parties are safeguarded from the prevalent threat of fraud.

Shufti Pro, a globally trusted IDV platform, offers AI-based identity verification solutions to businesses belonging to but not limited to Fintech, Regtech, banking sectors and more. With its impressive track record of 99% verification accuracy and global reach, Shufti Pro is the go-to choice for businesses of all types and sizes.

Secure verification and payment service provider VetMe, that guarantees fraud-free transactions for its clients, has partnered with Shufti Pro to strengthen its security measures. The partnership will enable VetMe to perform real-time identity verification, AML screening, and background checks of its clients to ensure its customers are who they claim to be and transactions are legitimate and trustworthy. Shufti Pro’s KYC solution verifies the identity of customers in real-time, helping businesses tackle fraud by preventing identity theft, money laundering, and terrorist financing whilst staying compliant with global KYC and AML regulations.

“VetMe is integrating Shuftipro’s KYC, AI, and AML technologies to provide a seamless user experience for its clients and users,” said the CEO of VetMe.

“Platforms like VetMe that offer escrow and vetting services to customers require accurate and compliant IDV solutions to achieve their business goals,” said Victor Fredung, CEO of Shufti Pro.This partnership allows VETME to streamline its verification and screening processes, fulfil KYC requirements, and scale the speed and accuracy of transactions.”

About VetMe

VetMe is a cryptocurrency project committed to ensuring a secure trading environment by providing OTC and P2P escrow, vetting, and KYC services.

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, biometric verification, and OCR solutions and accelerating trust worldwide. It 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

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

Shufti Pro Strengthens its Grip in the IDV Industry by Achieving ISO/IEC 27001: 2013 Certification

Shufti Pro Strengthens its Grip in the IDV Industry by Achieving ISO/IEC 27001: 2013 Certification

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 Originally published on PR Log

London, UK – March 2, 2023 – Shufti Pro, the only IDV service provider with 99.3% of verification accuracy, achieved ISO/IEC 27001: 2013 certification that further solidifies its dedication towards making the business environment safe from fraudulent activities

ISO 27001:2013 is an international security standard that lays out the best practices for how organisations should manage their data. It outlines how companies should cater to data security risks by creating an Information Security Management System (ISMS). This approach demands executive leadership while embedding data security at all organisational levels. The standard is voluntary, but organisations that follow its guidelines can seek ISO/IEC 27001: 2013 certification.

Shufti Pro CEO, Victor Fredung: “We are proud to announce that Shufti Pro has achieved ISO/IEC 27001: 2013 certification proving our dedication and efforts to help organisations fight against fraud.” 

Continued with his statement: “Keeping the business environment safe from fraudsters is what we focus on and will continue to provide best of the best IDV services to help organisations fight criminals.”

This certificate is valid for the following scopes:

  • Provider of Identity Verification
  • KYC, KYB, and AML Service Provider
  • AI-Based Facial Recognition and Biometric Verification Solution Provider

About Shufti Pro

AI-powered digital identity verification solution provider, Shufti Pro, offers KYC, KYB, and AML services in 230+ countries and territories. Given the ability to verify 3000+ documents, Shufti Pro authenticates documents in 150+ languages with an accuracy rate of 99.3%. Through its AI-driven efficient verification services, the company aims to create a secure digital marketplace devoid of identity theft and other fraudulent activities.

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

Funanga Chooses Shufti Pro’s IDV Solutions to Combat Fraudulent Activities

Funanga Chooses Shufti Pro’s IDV Solutions to Combat Fraudulent Activities

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Originally Published on PR Log

London, UK – Feb 24, 2023 – Funanga, a Berlin-based fintech company that operates a leading international cash payment and eVoucher solution, CashtoCode, has partnered with Shufti Pro. The deal is to solidify Funanga’s identity verification process to help it beat fraudsters and meet KYC, KYB, & AML regulations across its international markets.

Funanga was founded in 2016 by a team of payment industry professionals to create seamless cash payments and collections for e-commerce. Funanga’s CashtoCode payment API service is focused on speed and simplicity for both online merchants and their customers and can be used online, in app, and at more than 800,000 physical retail locations worldwide. Funanga employs an international team and has offices in 3 major European markets. 

Shufti Pro, a globally trusted IDV platform, offers AI-based KYC and AML solutions to a plethora of firms worldwide. High customisability with 99.3% verification accuracy and global reach of its services make it the best choice for businesses across a wide range of industries. 

With e-commerce and digital services booming, the risk of individuals falling prey to fraud has drastically evolved. The desire to protect users led Funanga to partner with Shufti Pro to strengthen its identity verification process and overall KYC, KYB and AML compliance regulations across all its international markets, whilst making its security more robust for potential customers.

Funanga CEO, Jens Badern “Shufti Pro felt like a perfect fit for Funanaga. Like us, they are a young and agile company, so it’s a good cultural match. They offer a great and easy-to-use solution. It’s also been a fantastic customer journey so far. We always feel appreciated as a customer and prioritised by the team, who are very accommodating.”  

“The deal they offered us was highly appealing financially. The pay-as-you-go performance-based pricing model works well for us and demonstrates that they have supreme confidence in their ability to deliver results.”

“We are happy to onboard Funanga and aim to maintain this partnership for a long time,” said Shufti Pro CEO, Victor Fredung. “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 Funanga AG.” 

About Funanga 

The Berlin-based fintech platform, Funanga, operates CashtoCode, which provides physical in-store cash payments and digital eVouchers. Launched in 2016, the platform connects a vast network of online merchants from various industries and payment service providers with over 800,000 retail locations across Europe and international markets. The service enables customers to conveniently pay for their online purchases with cash at their chosen retail location. Funanga manages its vast network of partners to provide secure, convenient, and compliant collection and settlement of cash from customers globally. 

About Shufti Pro 

Shufti Pro being the industry’s dominating identity verification service provider offers KYC, KYB, KYI, AML, and OCR solutions to keep the fintech environment safe from fraudulent activity. The UK-headquartered firm has expanded to six international offices and introduced a plethora of IDV products and solutions since its creation 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]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

Shufti Pro Partners with KYC Portal to Meet its AML Needs

Shufti Pro Partners with KYC Portal to Meet its AML Needs

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Originally Published on PR Log

London, UK – Feb 23, 2023 – Shufti Pro, a globally trusted IDV platform, chooses KYC Portal, an award-winning Client Lifecycle Management platform, to collate information relevant to entities and applicants being assessed. 

KYC Portal is a Client Lifecycle Management platform that caters to the end-to-end process of due diligence and KYC processes. From onboarding a customer until that relationship ends, KYC Portal works around the clock to alert its partners on risks in real time. The system has a powerful risk-scoring engine allowing organisations to define their regulatory process at a product or service level, embedded document management system, inbuilt workflows, and much more. 

Shufti Pro has been serving a large number of companies operating in various industries across the world with its state-of-the-art identity verification solutions and strategies to meet global KYC & AML regulations. The company offers customisable services with 99.3% verification accuracy and many other IDV features to help companies strengthen their security systems

Dealing with several companies from diverse industries, Shufti Pro is required to be more efficient in terms of storing essential data of its partners. Moreover, centralising and simplifying the process of CDD and reducing cost is something every IDV service provider looks for. That is why KYC Portal was the best choice in order to meet such requirements. 

Victor Fredung, CEO of Shufti Pro, commented, “A large number of companies have been using our IDV services to combat fraud. With such a customer base, we are required to be vigilant in terms of helping them store their essential data. Getting in touch with KYC Portal has made it a lot easier for us to offer our services without any obstacle.”

Nickii Mallia, Business Development Manager at KYC Portal, said, “Being a Client Lifecycle Management platform, we are glad to onboard Shufti Pro as our partner. We will help them to achieve their mission of developing a safe business environment across the globe by eliminating the room for crimes.” 

About KYC Portal

KYC Portal offers a client lifecycle management platform that caters end-to-end processes of CDD and KYC. From onboarding new customers to the end of the partnership, KYC Portal works around the clock to make its partners aware of potential risks. The system has a powerful risk-scoring engine allowing organisations to define their regulatory process at a product or service level, embedded document management system, inbuilt workflows and much more.

About Shufti Pro

AI-powered digital identity verification solution provider, Shufti Pro, offers KYC, KYB, and AML services in 230+ countries and territories. Given the ability to verify 3000+ documents, Shufti Pro authenticates documents in 150+ languages with an accuracy rate of 99.3%. Through its AI-driven efficient verification services, the company aims to create a secure digital marketplace devoid of identity theft and other fraudulent activities.

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

CleverDo Establishes An Alliance with Shufti Pro to Make its Mobile Payment Application Reliable & Secure

CleverDo Establishes An Alliance with Shufti Pro to Make its Mobile Payment Application Reliable & Secure

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Originally Published on PR Log 

London, UK – Feb 17, 2023 – A Canadian firm aiming to push the limits of its mobile payment application and create ease for its potential customers, CleverDo has recently announced its integration with Shufti Pro’s IDV services. Meeting all KYC, KYB, and AML regulations whilst avoiding financial crime in the fintech market is what this partnership is all about.

CleverDo’s payment technology platform was established in 2020, whereby research and development commenced to build the company’s vision. As Canada is the leading intelligence provider for resource and expert financial analysis in fintech, the company expanded its roots into British, Columbia, and Canada as CleverDo Payment Technologies Ltd. It also has operational offices in Spain and will soon be opening an office in South Africa.

The organisation’s aim is to eliminate every obstacle in the fintech market with its mobile application and chances of getting attacked by criminals, thus leading to its partnership with Shufti Pro to strengthen IDV processes.

Shufti Pro, a globally trusted IDV platform, offers AI-powered KYC and AML solutions to a number of firms across the globe. Services with high customisability, 99.3% verification accuracy, and global reach make it the best choice for companies operating in the fintech markets. Via this partnership, CleverDo will be able to prevent identity theft and financial fraud effortlessly.

Commenting on the bond, the CEO of CleverDo, Mr Poul Erik Andersen said: “Our mission is to bring a new generation of Apps to all users. The first global reach App!” 

Shufti Pro CEO, Victor Fredung: “Helping firms to achieve their aims while solidifying their IDV systems is what our team focuses on. CleverDo can leave the IDV part on us and focus on its priority tasks.”

About CleverDo 

The founder & CEO of CleverDO, Poul Erik Andersen, was also the founder of More2Save. Aps back in 2012. The company worked with mobile payment solutions, such as tap-and-go NFC & mobile wallets. Having watched with great interest the growth of online payment services and the increased number of mobile apps being used, the idea of bringing all these services under one App and making it available around the world began. Mr Poul Erik Andersen decided to bring a new generation of Apps to other parts of the world. CleverDo Holding Ltd opened in 2020, where the research and development of the CleverDo vision began.

About Shufti Pro 

Shufti Pro being the industry’s leading identity verification service provider offers KYC, KYB, KYI, AML, and OCR solutions to keep the fintech environment safe from fraudulent activity. The UK-headquartered firm has expanded to six 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:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected]

Document Forgery Shows no Sign of Slowing Down” Uncovers Shufti Pro’s Annual ID Fraud Report 2022

Document Forgery Shows no Sign of Slowing Down” Uncovers Shufti Pro’s Annual ID Fraud Report 2022

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Originally published on PR Log

London, UK – Feb 16, 2023 – Shufti Pro, one of the world’s leading AI-powered KYC & ID verification service providers, has recently published its Annual Fraud Report 2022. It uncovers major fraud trends including document forgery, biometric fraud, and manipulation in digital banking. Experts from the company also made some projections that do not favour corporate sectors in 2023. 

This year’s data includes statistics from countries where companies & individuals went through financial and reputational loss. Year-over-year analysis shows an 18% increase in the fraud rate. Document forgery remained the top-most threat to businesses, as it rose by over 30% in just one year.

“During 2022, we saw a spike in certain fraudulent activities and exploitation of ID documents retained the top position on the list. Moreover, fraudsters are not using standard pixel manipulation techniques as we have also seen an increase in AI-generated fraud manipulation,” said the CEO of Shufti Pro, Victor Fredung. “Yes, criminals are getting smarter. But as long as the anti-fraud industry stays up to date, we will continue to have an advantage over fraudsters.”

The analysis shows that Iraq had the highest global fraud rate of all types (over 55%), whereas Bahrain and South Korea had the lowest at less than 1%. On the other hand, Pakistan, India, and China took the top 3 spots with the highest fraud rate using passports, at 41%, 40%, and 39%, respectively. Saudi Arabia also registered the highest fraud rate at close to 48%. Documents from these countries had the highest tampering rate.

Key Takeaways:

  • 12% rise in biometric fraud rate
  • 16% annual fraud rate
  • Q1 to Q3 2022 ID theft resulted in $6.18 billion losses – FTC
  • Nearly 47% of Americans faced ID theft in their lifetime

About Shufti Pro

AI-powered digital identity verification solution provider, Shufti Pro, offers KYC, KYB, and AML services in 230+ countries and territories. Given the ability to verify 3000+ documents, Shufti Pro authenticates documents in 150+ languages with an accuracy rate of 99.3%. Through its AI-driven efficient verification services, the company aims to create a secure digital marketplace devoid of identity theft and other fraudulent activities.

For more information, please contact:

Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

Shufti Pro Launches Risk Assessment & eIDV Solutions to Enable More Reliable Customer Verification

Shufti Pro Launches Risk Assessment & eIDV Solutions to Enable More Reliable Customer Verification

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Originally published on Businesswire

London, UK – Feb 8, 2023 – Pioneer of first-ever on-premises identity verification solutions, Shufti Pro, has announced the launch of its risk assessment and eIDV services to help global businesses fight identity fraud and financial crimes, and meet the ever-evolving KYC/AML regulatory landscape.

Risk assessment procedures are purposely built tools to help businesses identify risks associated with their globally diverse client base. On the other hand, online ID checks are required of businesses liable for compliance under the KYC & AML regimes, as countries have started to introduce national electronic verification systems eliminating the need for data entry. 

Risk Assessment Solution: Shufti Pro’s custom-built risk-scoring solution adapts to the interests of organisations whilst addressing every possible risk factor to safeguard businesses from financial crimes, reputational damages, and regulatory sanctions. It ensures enterprises make informed decisions by evaluating customer risk factors through custom questionnaires and fraud prevention data points, further examined by the Shufti Pro’s risk intelligence profiling engines (a database of over 10 billion ID elements). 

eIDV Service: Electronic identity verification (eIDV) is the process of verifying customers through a government-issued unique identifier number. eIDV works similar to the KYC process, asides from the requirement of paper-based document uploads provided by the customer. Shufti Pro’s eIDV matches the clients’ data, such as name, DoB, social security number, and address, against multiple databases and provides unparalleled security. The digitisation of the modern world shows us to be moving away from paper IDs towards completely electronic forms due to enhanced privacy, fraud prevention and the elevation of user experience. Such changes will ensure customer onboarding will be easier, more accurate, cater to global customers and effectively reduce customer abandonment rates. 

“As a global IDV service provider, Shufti Pro continuously innovates to meet an increasingly varied and diverse range of regulatory compliance requirements  for our customers,” said Victor Fredung, CEO of Shufti Pro. “We are dedicated to providing solutions that address the changing needs of our global clientele and the wider general market – both at the point of onboarding and beyond, and I am pleased to share that risk assessment and eIDV services do just that.”

Shufti Pro recently introduced an array of new features, such as SSO implementation, duplicate account verification, and more to strengthen the suite of its identity verification products. Last year, the company secured $20 Million in Series A funding to accelerate its international expansion, enhance its IDV solutions and expand its compliance suite. Staying true to its word, the company is launching new IDV products to fulfil its vision of building a future where fraud prevention is cost-effective and accessible to every size of business. 

Global organisations looking for an IDV partner can contact Shufti Pro here.

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, biometric verification, and OCR solutions and accelerating trust worldwide. It 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:

Shufti Pro
Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

Shufti Pro Launches Risk Assessment Solution to Help Firms Stay Ahead of the Fast-Growing Threat Landscape

Shufti Pro Launches Risk Assessment Solution to Help Firms Stay Ahead of the Fast-Growing Threat Landscape

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London, UK – Feb 7, 2023 – The leading provider of AI-powered end-to-end identity verification, eKYC, KYT, KYB and AML solutions, Shufti Pro, has rolled out a risk assessment service to help global industries fight identity theft and financial crimes by evaluating customers’ risk factors through custom questionnaires and fraud prevention data points. 

As the increase in financial crime occurs at an alarming rate, companies need to anticipate fraudulent activities by implementing robust risk assessment procedures to detect and mitigate fraud. Risk assessment is a key component of a company’s internal protocols, controls, and strategies to manage fraud risk and control failures.

Shufti Pro offers a highly customisable risk-scoring solution best fitted to the interests of various industries whilst addressing every possible risk factor to safeguard businesses from financial crimes, reputational damages, and regulatory sanctions. The company’s solution will help enterprises establish trust by evaluating customer risk factors through custom questionnaires and fraud prevention data points. 

Here’s How Shufti Pro’s Customer Risk Solution Works

  1. Initialise Risk Assessment: The compliance officer sets criteria to calculate customer risk based on industry.
  2. Configure Risk Ranges & Scores: Risk ranges (low, medium, high, prohibited) are set based on your custom criteria.
  3. Set Fraud Prevention Rules: Fraud prevention rules are created through email, IP, phone number, and velocity.
  4. Assign Weightage: Weightage is assigned to each constraint based on your business requirements.
  5. Create Questionnaires: MLRO creates custom questionnaires to get detailed information to evaluate risk.
  6. Set Risk Scores: Each answer element in the questionnaire is assigned a risk score.
  7. Develop a Risk Assessment Journey: Creates a custom risk assessment journey based on selected risk levels.

“As it is said, prevention is better than cure, that is why we are assisting businesses to create their customer risk profiling beforehand and reduce the chances of identity fraud and regulatory fines,” said Victor Fredung, CEO of Shufti Pro. By running your own risk assessment model, businesses can determine a risk rating and risk range for their clients, judging if they are low, medium or high for money laundering. This risk-based approach will help firms nurture business relationships with legal clients and lower their overall risk of violating AML regulations.”

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions and 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:

Shufti Pro
Paul Keene
Snr. Digital Marketing Manager | Shufti Pro
[email protected]
+44 020 3435 6498
Market Pro
Marketing Partner | Shufti Pro
[email protected] 

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

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