Current State of Affairs
Now-a-days, real estate frauds are on the rise with all the scam schemes devised by imposter customers. There are numerous ways in which real estate agencies could be trapped in the web of property frauds, one after another. The need for a secure system of transaction between the these agencies and their customers is quite essential. The fraudulent customers have made a routine out of scamming the realtors. Sometimes the customers could seem overly eager to buy a property and might even suggest a payment method other than the usual method used by the agency. That method could be trackless (like payment with cash). At other times, they could share too much financial information over e-mail in order to bring the realtors under false pretense of trust. Also, there are scammers who are foreign and want to seal the deal in another land without even looking at the property; they might even ask to wire the money, which is hard to trace. These incidents have become quite common now-a-days. Hence, it is essential for an advanced system of ID verification to intervene in the customer-client interaction.
Shufti Pro: Paving the path to a secure Global Market
Shufti Pro effectively uses artificial and human intelligence in order to identify a person's identity. It takes input in real-time and through facial image matching and assessing the holographic overlays, it manages to confirm if the person who is physically present in front of the camera the same as that person in reality. Once this issue gets out of the way, clients can perform business transactions without having to worry about the security breaches. Shufti Pro takes care of that for the clients and helps them develop a secure global market by minimizing identity thefts and illegal documents' duplication. Secure markets would mean inflow of innovators, tech geeks and investors. This would ultimately help build the economy and frame the path for a technologically reformed future.
Importance to the Real Estate Industry & its Customers
Shufti Pro aims to keep its clients safe from making transactions with the fraudulent customers who are can't wait to get the property and their money and run away. The clients pay the price in the end when the imposter consumers flee from their money and aren't anywhere to be found. These false buyers will definitely possess forged documents that will be caught through Shufti Pro's 99% accurate ID verification system. This would safeguard the clients from buyers whose goal is to maintain anonymity (and hence they suggest untraceable ways of payment) because of the questionable activities they are involved in. These people mainly run under assumed identities. Shufti Pro can help identify these imposters so the clients don't have to face considerable losses. It is always better to make payments through credit/debit cards since a wrong transaction can always be traced and reversed, unlike paper money. This kind of digital currency is always a plus point because the combination of Artificial and Human Intelligence in Shufti Pro, when integrated in the system, can detect counterfeit IDs. This makes the whole transaction secure and reliable so that clients' facilitation is maximized.