Shufti partners with Cryptology – Leading Crypto & Fiat Exchange Platform

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

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

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

The need for KYC

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

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

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

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

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

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About Shufti

Shufti is an emerging name in identity management and KYC/AML. It was founded on 31st October, 2016 in Bath, UK. The goal of the company is to enable its clients with seamless customer experience, fraud prevention and undeterred revenue generation. The company offers state of the art SaaS, which engages Artificial Intelligence and Human Intelligence. Businesses can now conduct easy digital verification processes with lesser friction and more advanced technology. Currently offering its services for all countries of the world along with Universal Language Support, the company is located in United Kingdom with its global office in Sweden. Please visit Shufti here.

Shufti Pro Limited

[email protected]

+44 (123) 456-7890

190 Englishcombe Ln, Bath, United kingdom.

About Cryptology

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