Shufti Pro Market Research Report
Company Overview
Name: Shufti Pro
Mission: Turn identity challenges into opportunities with Shufti Pro's award-winning trust solution, customized just for you.
Founded: No information is available
Founders: No information is available
Key People:
- Tamer Ozmen, Founder and CEO of Mintus
- Jean-Cristophe Bonis, Founder and Chairman of Team4UA
- Kristino Vella, Head of Risk, Payments and Fraud at Hero Gaming
- Julien Jolivet, Head of Banxy Bank
- Michał Figas, VP of Customer Service & Fraud Risk Management of Kinguin
- Samer Al Tamimi, CEO of Safwa Bank
Headquarters: Multiple locations:
- United States: 16200 SW Pacific Hwy Suite H PMB 1053, Tigard, OR 97224
- Cyprus: Arch. Makarios III Avenue 229, Limassol
- Dubai: Gate District 3, Level 5, Unit 507, Dubai International Financial Center, Dubai, United Arab Emirates
- Hong Kong: 8 Queen’s Road East, Wan Chai, Hong Kong
- Pakistan: 414 G4, Phase 2 Johar Town, Lahore, 54000, Pakistan
- Singapore: 68 Circular Road #02-01, Singapore 049422
- Sweden: Bröderna Pihls Gränd 2, 252 36 Helsingborg, Skåne County
- United Kingdom: Office 408 Coppergate House, 10 Whites Row, London E1 7NF
Number of Employees: No information is available
Revenue: No information is available
Known For:
- Award-winning IDV solutions for highly-configurable, fast, and accurate verification, screening, and monitoring.
Products
KYC Solutions
- Face Verification: Fast, accurate, and simple defense against identity thieves.
- Document Verification: Verify user identity with unmatched global coverage.
- Address Verification: Validates against local and global databases to prevent fraudsters.
- 2-Factor Authentication: Enhances security protection.
- Face Biometric Authentication: Compliant biometric authentication for selfie-based login.
- Video KYC: Onboard real customers and eliminate ID fraud through video KYC.
Know Your Business (KYB)
- Identifies and verifies businesses globally.
Know Your Investor (KYI)
- Verify the authenticity of your investors.
AML Screening
- Utilizes AI to identify and prevent money laundering using 1700+ sanction and watchlists.
Risk Assessment
- Evaluates customer risk factors through custom questionnaires and fraud prevention data points.
e-IDV
- A document-less and remote verification journey via centralized government databases.
OCR for Business
- AI-powered Optical Character Recognition (OCR) tailored to business needs.
NFC Verification
- Automates identity verification using NFC technology.
On-Premises KYC Services
- Allows businesses to store customer data on-premises for optimum security.
Recent Developments
Recent Developments:
- United States Senate, UAE Government, and Spain making significant efforts to curb money laundering and terrorist financing activities.
- UK Parliament legislating new Digital Identity Verification Services Bill.
- Emerging Fintech Marketplace, Zoth, integrates Shufti Pro’s robust KYC and KYB services for enhanced security and compliance.
New Products Launched:
- No information is available
New Features Added:
- No information is available
New Partnerships:
- Shufti Pro and .MUSIC partnered to authenticate music identities and protect the global music community against AI impersonation.
Key Features of Products
- Accuracy: Verification accuracy up to 99%.
- Satisfaction: Customer satisfaction rate up to 98%.
- Efficiency: First-time pass rate up to 97%.
- Scale: Verified identities up to 20M+.
Awards and Recognition
- Best client onboarding solution UFAWARDS 2022
- Best digital KYC/Onboarding Application UAE 2022, Europe 2022
- Top RegTech Startups Tracxn Emerging Startups 2022
- Best KYC Solution for Client On-boarding 2022 RegTech Insight Awards USA 2022
- Best Financial Technology Provider UK 2022 World Economic Magazine 2022 Awards
- Best Digital Identity Verification Solutions MENA 2022
- Gold Steave Winner Tracxn Emerging Startups 2022
- Bronze Steave Winner Company of the Year – Financial services – Small
No other identity verification provider offers global coverage, configurability, or speed and accuracy close to Shufti Pro. They promise:
- Fully automated identity verification.
- Configurable identity verification and background screening solutions.
- Performance across jurisdictions and languages.
- Flexibility for both developed and emerging markets.
