2023-08-15 22:16:12
Shufti Pro, a leading provider of ID verification solutions, announced the launch of Electronic Identity Verification (e-IDV) service to help effectively mitigate fraud while ensuring compliance with KYC/AML regulations. The companies that adopt online identification checks must adhere to the latest regulations as countries move towards electronic verification systems, reducing manual data entry.
Shufti Pro with e-IDV service introduces a new dimension of security with cutting-edge features such as facial recognition, document verification, and liveness detection, among others. Currently available in 45 countries, this innovative product delivers fast IDV in just 5 seconds, guaranteeing the user experience. The service offers more than 30 e-ID options for comprehensive verification, perfectly aligning with the different needs of various industries and regulatory demands.
In an era marked by digital transformation and rapidly developing technological advances, the significance of robustness of identity verification became paramount. Now, businesses can easily validate the legitimacy of customers using identity documents, from passports and driver’s licenses to utility bills and national identity cards, making the verification process more comprehensive and adaptable.
“As a global provider of IDV services, Shufti Pro remains committed to innovation, adapting to evolving regulatory demands for our customers,” said Victor Fredung, CEO of Shufti Pro. growing numbers of our global customers and the wider market. This commitment extends from integration to ongoing processes and I am delighted that our e-IDV service aligns perfectly with this objective.”
Shufti Pro has included features such as SSO implementation and duplicate account checks to strengthen IDV tools. The company US$ 20 million through Series A funding to accelerate its global growth, improve IDV solutions and expand compliance offerings. Now, we are launching more solutions to verify IDs, making fraud prevention easier for companies.
About ShuftiPro
Shufti Pro is the leading IDV service provider offering KYC, KYB, AML, biometric verification and OCR solutions, accelerating trust worldwide. With the ability to automatically and securely verify over 10,000 identification documents in over 150 languages, Shufti Pro proudly serves customers in over 230 countries and territories.
The original language text of this announcement is the official authorized version. Translations are provided as a convenience only and must refer to the original language text, which is the only version of the text that is legally binding.
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Paul Keene
Senior Digital Marketing Manager | shuttle pro
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Source: BUSINESS WIRE
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