CIO Bulletin

Shufti Pro- The Global Identity Verification Platform for Secure and Seamless Customer Onboarding

AI-based identification verification platforms help businesses onboard customers quickly and efficiently, verify identity documents accurately, comply with regulatory frameworks, reduce manual work, save costs, and provide global coverage. These platforms are essential for businesses seeking to onboard customers in a reliable and efficient manner.

In today’s digital age, where everything can be done online, the need for secure and reliable identity verification has never been more important. Businesses need to be able to reliably ensure that their customers are who they claim to be and that they are operating within a legal framework. Enter Shufti Pro, a global trust platform that offers comprehensive Know Your Customer (KYC) and Know Your Business (KYB) solutions.

AI-based identification verification platforms can also improve the customer experience and reduce the risk of identity theft. By providing a quick and hassle-free onboarding experience, businesses can attract and retain more customers, which ultimately translates to increased revenue and profitability. Shufti Pro is a leading global identity verification platform that provides advanced AI-based solutions to businesses for secure and seamless customer onboarding.

The company offers a suite of verification solutions, including identity verification, document verification, facial biometric authentication, and AML compliance screening services. Shufti Pro's verification solutions are designed to cater to a wide range of industries, including fintech, banking, e-commerce, and cryptocurrency, providing a secure and convenient way to onboard customers.

Shufti Pro uses advanced AI and machine learning technologies to ensure that the verification process is fast and accurate, allowing businesses to onboard customers in seconds. The company's verification solutions are also fully automated, reducing the risk of human error and fraud. With a global network of data partners, Shufti Pro can verify customers from over 230 countries and territories worldwide, making it a reliable and flexible solution for businesses operating internationally.

Shufti Pro has a range of features that are designed to keep businesses compliant while also providing them with an easy and intuitive platform for managing their identity verification needs.

KYC (Identity Verification)

One of the core features of Shufti Pro's platform is their KYC Identity Verification service. This allows businesses to verify their customers' identities in real-time using a combination of Artificial Intelligence algorithms and human experts.

The KYC process involves the customer submitting their identity documents, such as their passport or driver's license, and Shufti Pro then verifies their authenticity and validity. The customer is also required to take a live selfie, which is compared to their submitted ID document to ensure that the person on the ID is the same person who is submitting their identity.

Conducting comprehensive KYC verification is essential for businesses operating in regulated industries like finance or law, as it ensures that they remain compliant with laws and regulations around anti-money laundering (AML) and Know Your Customer (KYC).

KYB (Corporate Verification)

Shufti Pro's platform also offers a comprehensive KYB solution for businesses seeking to verify the authenticity of a business entity. KYB involves verifying the identity and legal status of a business as well as its beneficial owners.

The KYB verification process involves conducting an in-depth review of a business's documentation, such as their registration documents, to ensure that they are operating legally. Shufti Pro also performs a review of the beneficial owners of the business to ensure that they are identified and that their identities can be verified.

One of the benefits of Shufti Pro's KYB solution is that it provides businesses with a detailed report of the results of their verification process. This report includes information on the business's legal status, any potential legal or regulatory issues, and any beneficial owners who were identified.

Shufti Pro's KYB solution is particularly useful for businesses operating within the fintech, banking, and insurance sectors, where there is a heightened need for compliance with regulatory frameworks regarding financial transactions.

Shufti Pro's global trust platform offers businesses a comprehensive suite of identity and business verification solutions. Their KYC and KYB solutions are designed to keep businesses compliant with legal and regulatory frameworks while also providing an intuitive and user-friendly experience. With the increasingly stringent regulatory environment of today's business world, Shufti Pro's identity and business verification solutions are a valuable tool for businesses seeking to remain compliant and secure.

Shufti Pro originated from a deep disappointment with traditional identity verification methods and a strong aspiration to establish trust in the digital industry. The company aims to enable identification everywhere, in any way and for anyone, keeping accuracy, simplicity, speed and scalability as crucial elements.

Comprising an experienced global team that refuses to settle for conventional solutions, Shufti Pro offers a unique approach to identity verification those appeals to the most innovative brands worldwide.

Victor Fredung, CEO & Co-Founder