Shufti
Overview of Shufti
Shufti: AI-Powered Identity Verification for Global Compliance and Growth
What is Shufti? Shufti is an AI-powered identity verification platform that helps businesses across various industries streamline their KYC/AML compliance, prevent fraud, and improve customer onboarding. It offers a range of solutions including user identification, business identification, and transaction trust screening, all designed to enhance security and drive business growth.
How does Shufti work? Shufti leverages advanced AI technology, including facial biometrics, document verification, and risk assessment, to provide real-time identity verification services. It supports over 240 countries and territories and 150 languages, making it a globally adaptable solution. The platform's adaptability also helps it to rapidly evolve its products to meet new threats.
Key Features and Benefits
User Identification & Authentication
- KYC (Know Your Customer) and eKYC: Prevent fraud and streamline customer onboarding with AI-driven KYC verification tools. Supports real-time verification with advanced multi-factor face and document checks.
- Facial Biometrics: Enhance security with facial recognition solutions for user identification and authentication.
Business Identification & Risk
- KYB (Know Your Business): Facilitate efficient business verification and risk assessments with instant access to detailed data on over 300 million companies from 225+ databases globally.
- KYI (Know Your Investor): Optimize investor onboarding and meet global AML/CFT standards with expert money laundering reporting officers (MLROs) and precise document verification.
- AML Screening: Benefit from Anti-Money Laundering (AML) capabilities featuring multi-parameter risk assessments and AI-powered insights.
Transaction Trust Screening
- Fraud Management as a Service: Elevate financial integrity using fraud management as a service and chargeback protection.
Why choose Shufti?
- Customer Delight: Shufti has the highest-rated end-user experience in the industry with a TrustPilot score of 4.8.
- Ultimate Adaptability: The platform provides comprehensive solutions and rapidly evolves its products to meet new threats.
Compliance Solutions
Shufti offers a range of compliance solutions to meet regulatory requirements across different industries:
- Know Your Customer (KYC): Designed for real-time verification and enhanced security in over 240 countries and 150 languages.
- Know Your Investor (KYI): Optimizes investor onboarding and meets global AML/CFT standards.
- Know Your Business (KYB): Facilitates efficient business verification and risk assessments.
Industry Solutions
Shufti offers tailored solutions for various industries, including:
- Gaming
- Fintech
- E-commerce/Marketplaces
- Social Networks
- Crypto
- Foreign Exchange (Forex)
Customer Testimonials
Shufti has received positive feedback from various clients:
- A gaming company Head of Risk stated that partnering with Shufti allowed them to grow their customer numbers by 20% while streamlining their experience and preventing underage and fraudulent users from accessing their services.
- A mobile bank Head of Bank noted that Shufti's AI-powered identity verification solutions enabled them to verify and identify in a matter of seconds with utmost accuracy and security.
- An E-Commerce Company VP of Customer Service & Fraud Risk Management expressed that Shufti provided the most effective KYC solution, allowing them to streamline their customer's experience on their marketplace and ensure secure and convenient purchases.
Security and Compliance
Shufti adheres to critical compliances to ensure peace of mind:
- iBETA
- PCI DSS
- SOC2
- GDPR
- ISO 27001:2022
How to get started with Shufti?
- Request a Demo: Contact Shufti to schedule a demo and explore how the platform can benefit your business.
- Explore Offerings: Review Shufti's user identification, business identification, and transaction trust screening solutions.
- Consult Resources: Access Shufti's white papers, blogs, and podcasts for industry insights.
Why is Shufti important? Shufti is crucial for businesses that need to comply with KYC/AML regulations, prevent fraud, and ensure a secure and seamless customer onboarding process. By using Shufti, companies can protect their reputation, maintain regulatory compliance, and focus on growth.
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