With the rapid expansion of global technology, physical distances between customers and business has drastically reduced with the help of online services. This means customers no longer have to wait in long queues or make multiple site visits for account purposes, be it banks, treasuries, money transfers and so on. However, without a secure authentication of Users, businesses may risk opening themselves to negative actors and/or procedures and risks. How can Shufti Pro resolve this? Remote Authentication with the help of Liveness Detection. Sleek and Simple verification process to reduce drop-off rates. Verify IDs, Passports, Utility Bills and more in required documents.
The process of onboarding can make or break a user’s impression of any business. Due to heightened regulatory requirements, due diligence processes have grown to be stringent. This has an adverse impact on user experience during sign-up processes. A lack of preventive measure during onboarding may also leave grey areas open to fraud such as consent management. Read this whitepaper to learn how you can make onboarding effective with Shufti Pro Use OCR technology to reduce manual information input. Remove fake users or bots by help of Biometric Authentication. 2FA for verified phone numbers for information sharing.
Secure business against false charge-backs and compliance risks. The boom of FinTech opened a special topic of digital compliance in order to address legal prerequisites for cybercrime. As a result various state, regional and global level regulations were introduced i.e, GDPR, BaFin, FINMA, FINCEN and more. In order to collectively address these, Shufti Pro’s ID verification platform - whilst online - continues to fulfil requirements ensuring that businesses do not mis-comply or face hefty fines. ID & Facial Recognition for Know Your Customer Compliance PEP and Sanctions screening for Anti-Money Laundering Compliance Pre-risk assessment model to achieve Counter Funding of Terrorism.