Press Release

Cryptocurrency exchange Coinipop joins hand with Shufti Pro to onboard customers

Calvin Williams
April 29, 2020
3 minutes read
695

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

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

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

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

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

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

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

About Coinipop

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

About Shufti Pro

Shufti Pro is an identity verification service provider that offers KYC and AML solutions to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro delivers results within 30 seconds with accuracy as high as 98.67%. Having verified users in over 232 countries, Shufti Pro is a pioneer in IDV services to cover a large number of countries.

Contact sales@shuftipro.com to get on board!

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One warning sign, which is very common, is social media activity that isn’t yours. Any social status upload or tweet which you have not done alerts you to the breach.

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If you get a notification that your SIM card has been activated on another device you’ll know you are a victim. So never ignore your notifications!

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SIM swapping due to poor ID verification process?

SIM swapping has become a significant threat for users as a large number of users are having their lifetime savings and invaluable data stolen from under their eyes. This is happening solely because mobile operators are seemingly failing to take reasonable steps to prevent these criminal hackers. They need to have proper identity verification checks so that they can restrain fraudsters from gaining access to anyone’s SIM.

SIM-swap-related incidents have increased sharply over the past few years because the telecommunication industry lax identity verification checks and make customers vulnerable to a variety of different hack attempts.

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Cryptocurrency exchange Coinipop joins hand with Shufti Pro to onboard customers

About Coinipop

About Shufti Pro

What is SIM Swapping Scam?

How does it work?

SIM Swap Hackers Targeting Crypto Investors- Some Examples:

Sign to Know you are a victim of SIM swap fraud:

SIM swapping due to poor ID verification process?

Let’s prove your

customer’s identity

with Shuftipro.

Let’s prove your customer’s

identity with Shuftipro.

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