Press Release

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

Edward lilly
May 24, 2021
2 minutes read
15120

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

Originally Published at MobileIDWorld

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

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

Shufti Pro’s Global Identity Verification Services

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

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

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

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

About Salesforce AppExchange

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

For more information, contact Sales@shuftipro.com

Disclaimer: No warranty is herein provided that the information contained in this document is accurate, up-to-date, and/or complete. In no circumstance(s), does such information constitute legal or any other advice. Any person who intends to use, rely, pass-on, or re-publish the information contained herein in any way is solely responsible for the same. We suggest to verify the information and/or obtain expert advice independently if required.

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Kenya Accuses Two Leading African FinTech Firms of Operating Without Licenses
Shufti Pro’s customers can now benefit from digital identity verification for fraud prevention
Shufti Pro’s Global Identity Verification Services
About Salesforce AppExchange
Two of Africa’s top FinTech companies have been accused by the Kenyan central bank of allegedly conducting unlawful business in the country.

Flutterwave and Chipper Cash, two FinTech businesses that support digital currencies, are said to have been operating illegally, even though the former has denied accusations of assisting money laundering worth more than $50 million.

At the conclusion of a recent meeting of the monetary policy committee, Patrick Njuguna, governor of the Central Bank of Kenya (CBK), addressed the media and disclosed that the two didn’t have the necessary licences.

“Flutterwave is not licensed to operate remittance provider or for that matter as a Payment Service Provider in Kenya. They are not licenced to operate and therefore they shouldn’t be operating. And Chipper we could also say the same,” the governor revealed, as reported by local outlets.

Chipper Cash was established in 2018 and utilises a mobile app to concentrate on cross-border payments. Users can also purchase and trade virtual currency using it. It raised $250 million at a $2 billion value in November of last year during its Series C fundraising round, which was led by FTX, the exchange run by the controversial Sam Bankman-Fried.

Flutterwave, the most valuable startup raised $250 million in February of this year at a $3 billion valuation. Additionally, it entered the world of digital assets by collaborating with Binance to provide a fiat-to-crypto gateway. Flutterwave, in contrast to its rival, was being investigated in Kenya for allegedly enabling the laundering of at least $52 million and was already facing regulatory issues.

While Chipper Cash hasn’t responded to the claims of the Central Bank of Kenya that it has been operating illegally, on the other hand, Flutterwave has shifted the claims to the central bank.

As per the report published by Business Daily Kenya, Flutterwave claims that it applied for the Central bank’s license back in 2019. It stated: “In 2019, as our operations grew, Flutterwave submitted its application for a payment service provider licence. We have been in constant engagement with the Central Bank of Kenya to ensure that we provide all the requirements and we look forward to receiving our licence.”

Suggested Read: Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering

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E-Learning Platforms and Prevailing Crimes - How Shufti Pro Can Help
Shufti Pro’s customers can now benefit from digital identity verification for fraud prevention
Shufti Pro’s Global Identity Verification Services
About Salesforce AppExchange
The global pandemic is prompting a phenomenal increase in online service. From doing groceries to job interviews and more, many daily activities have moved from in-person to online – that includes education. Started by religious institutions, the educational systems, as well as way of teaching, have transformed. Thanks to technological advancements, distance and e-learning services are becoming a new norm.

Over recent years, the education industry has faced numerous challenges as a result of digitization. Cyberattacks including data breaches, identity theft, phishing and blackmailing are a few most occurring issues that the sector is struggling to deal with.

Fortunately, these risks can only be mitigated to a large extent, with robust identity verification systems, which are capable of identifying the true identities of students before getting them on board.

The Rise of E-Learning and Crime [2022 Overview]

The online or distance learning sector has significantly grown over the past years, as modern IT infrastructures and instant internet connectivity is aiding the education industry to provide people with new opportunities to gain new skills. Since the coronavirus pandemic, e-education has become more common as millions of people across the globe have accepted the new learning model. The work from home and social distancing norms forced schools, universities and other education centres to provide remote services which surged the use of digital learning. According to Research and Market predictions, the e-education industry is all set to reach $350 billion by 2025. However, the number might be updated after assessing the growth of COVID-19 impacts on the sector.

There are hundreds of online learning portals or websites such as Uudemy, Lynda, Skillshare, and Coursera that are widespread over the digital world facilitating billions of people. Furthermore, top-notch universities are also democratising learning by making courses accessible through online portals. For example, Stanford and Harvard’s university gives access to students to get hands-on educational material as well as courses under different categories.

As new technologies are emerging and rendering heaps of benefits and innovative opportunities, the risk of crimes has also increased. Students, as well as cybercriminals, are manipulating the education centres for their own personal gains. Cybercriminals’ activities such as identity theft, data breaches, malicious attacks, blackmailing, synthetic identities and document fraud are among the commonly occurring crimes pouring adverse impacts over this industry. Due to this, the e-learning sector is being challenged by cyber criminals and is finding it hard to provide secure services while retaining customers along with their reputation.
Popular Cybersecurity Risks Education Sector is Prone To

There are numerous reasons cybercriminals target e-learning platforms. However, out of them, these two are perhaps the most significant, first online education service providers typically gather and store sensitive personally identifiable information of millions of students. This makes a jackpot-like situation for fraudsters, who are capable of getting their hands on the personal details of victims in just one malicious or data breach attempt. Second, the data placed in educational databases are highly valuable on the dark web. The information includes mailing addresses, social security numbers, ID numbers, driver’s licence numbers, and even medicare information. In fact, nearly 11% of all data breaches that occurred in 2017 involved exposure of faculty and student health records. According to the research, adult’s sensitive information sells for around $10 to $25 dollars on the dark web, while students’ data is worth nearly $300.

As a result of gathering data, it’s no wonder that employees or students associated with the education sector are targeted. Through phishing attacks or hacking the databases, criminals can use the victims’ credentials to manipulate students as well as damage the institutions’ reputations.

Social engineering attacks such as malware and phishing scams are on rise in the education industry. According to the key findings, in 2019, nearly 41% of the data breaches were caused by these attacks. CBC news published that MacEwan University lost $11.8 million after an employee fell prey to a phishing attack.

Ransomware attacks are another type of technique that fraudsters use to get their hands on databases. This involves infecting data files and systems through malicious viruses. By opening, installing or clicking on a file, the bogus software infects the system resulting in losing admin control.

Spoof attacks are also becoming common in education centres. In this scheme, the cybercriminals pretend to be a legal entity to gain authorised access to online learning platforms and then infect the data directories with malware viruses. This fraudulent activity happens in multiple ways, but some of them include email and caller ID spoofing.

Password Hijacking is another most preferred means of gaining unauthorised access to educational centres’ databases. This usually occurs when the passwords are easy to guess like “1234” or “ABC”. A report states that nearly 73% of people have set the same passwords across many accounts, making it a lot easier for criminals to hijack accounts.

How Shufti Pro Can Help

Depending on the current inconsistent situation, where the education sectors are trying hard to fight sophisticated crimes, there are numerous services available at Shufti Pro that can help them in a variety of ways. Ranging from consent verification, document validation, and facial biometric recognition to two-factor authentication that offers the highest level of confidence as those utilised by the banks or other financial service providers. Powered by thousands of AI algorithms, Shufti Pro’s state-of-the-art identity verification services can help the education industry to overcome the risk of cyberattacks, unauthorised access, and identity theft. Ensuring legit student onboarding with 98.67% accuracy.

In addition to this, online education platforms are also finding it hard to authenticate students as well as faculties identity documents before getting them onboard. AI-powered document verification services, capable of verifying 3000+ types of identity documents written in 150+ languages, can aid digital platforms in validating documents in less than a second along with determining the sign of tempering if present.

Want to know more about identity verification for the education centres?
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Shufti Pro Announces Identity Verification Services on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

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

Shufti Pro’s Global Identity Verification Services

About Salesforce AppExchange

The Rise of E-Learning and Crime [2022 Overview]

Popular Cybersecurity Risks Education Sector is Prone To

How Shufti Pro Can Help

Let’s prove your

customer’s identity

with Shuftipro.

Let’s prove your customer’s

identity with Shuftipro.

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

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

Shufti Pro’s Global Identity Verification Services

About Salesforce AppExchange

The Rise of E-Learning and Crime [2022 Overview]

Popular Cybersecurity Risks Education Sector is Prone To

How Shufti Pro Can Help

Let’s prove your

customer’s identity

with Shuftipro.

Let’s prove your customer’s

identity with Shuftipro.

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