Shufti Pro Limited - Company of the Year - Computer Services

Company: Shufti Pro Limited, London, UK
Company Description: Shufti Pro Limited is a leading global ID Verification platform, covering over 240 countries and jurisdictions and supporting 150 different languages. Founded in 2017, we have attained a clientele of over 350 companies. Headquartered in London, UK, our employees are also stationed in Cyprus, Sweden, and Dubai. We have been the recipient of several awards due to the quality of our services.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Computer Services - Small

Nomination Title: Shufti Pro Limited

In 2020 alone, Identity Fraud in the US cost almost $56 billion. Similarly, as digitization, and automation, are becoming the new norm, personal data is increasingly becoming a hot target for hackers. This is where Identity Verification (IDV) Companies like Shufti Pro Limited (SP) come into play. SP provides a wide range of IDV services, ranging from simple Know Your Customer (KYC) services to Anti-Money Laundering (AML) checks, for people and organizations. Our services enable our clients to meet even the strictest data regulatory standard of any industry or region and ensure that they are secure from ID thieves and fraudsters. Starting our company back in 2017 with basic KYC features, by 2018, we had added AML checks, 2-Factor Authentication, Address Verification, Optical Character Recognition (OCR), and Consent Verification Services. In 2019, we started to provide Know Your Business (KYB) services and between 2020-21, we became one of the few IDV companies that offered Artificial-Intelligence and Human-Intelligence based Video-KYC services, and verification through NFC technology, along with a wide range of ‘on and off premises’ IDV services. Headquartered in London, UK, we are a GDPR compliant global services provider, with offices in Cyprus, Sweden, and Dubai.

-Recognized at several awards platforms, including Meftech-KSA, Best in Biz Awards, Global Business Excellence Awards, and Cybertech-100 Awards.
-Stood first among 26 global IDV companies, in the Video-KYC challenge at MEFTECH-KSA 2020.
-We can verify billions of people from 240 jurisdictions, within 30-60 seconds and a 98.6% accuracy rate.
-We support over 3000 different government-issued ID documents and can customize our services as per our client's needs.
-We included AML service in our IDV Suite and can screen data from over 1700 global watch lists, including lists from Interpol, HMT, and OFAC.
-We expanded our ID Verification suite to include Know Your Business (KYB) services, and have access to 140 global commercial registers containing data of over 200 million companies.
-We expanded our IDV suite to include Artificial-Intelligence and Human-Intelligence based Video-KYC service which can help automate Customer-Onboarding, and Customer Due Diligence procedures.
Our automated KYC services reduce KYC related costs by 80% as compared to manual KYC costs.
-Unlike most of our competitors, we can authenticate payments and verify Identities through Near Field Communication (NFC) technology.
-To enable our clients to meet Covid free environment SOPs and revival of business operations, we have developed a Digital Covid-pass AI-based authentication of COVID PCR test and vaccination certificate.
-Our ability to adapt our services according to global regulatory requirements has earned us the trust of our clientele of over 350 companies including large banks and Government institutions.

Although comparatively young in the IDV community, our proactive approach to incorporate regulatory and global data protection guidelines in the delivery of our services, and integrate multi-jurisdiction cybersecurity practices, makes us stand apart from our competitors.

Our OCR services support 150 different Latin and Non-Latin languages, including Arabic and Japanese, which none of our competitors do.

Similarly, unlike our competitors, we also provide On-premises services, and cater to the demands of all our clients, regardless of their order size, and offer a 14 days free trial with $50 credits for proof of concept, and believing in fair pricing, we keep our pricing public.

We are also among the very few companies that provide Payment authentication and Identity Verification through NFC technology which eliminates the need for manual data entries and hence, saves time and operational costs for our clients.

Germany’s Commission for media, Kommission für Jugendmedienschutz (KJM), has approved Shufti Pro’s age verification solution for the protection of minors. Now, the German Media can utilize Shufti Pro’s age verification solution to prevent minors from accessing content that is not suitable for their age.

We are the only IDV company that provides such a wide range of IDV services, all from a single platform, and that too with extreme ease of integration. By using our Restful API, Android / iOS SDK, and Hosted Verification page services, clients can integrate our services with their existing system within 30 minutes.

Shufti Pro Limited Website Link: https://shuftipro.com/

Shufti Pro Limited Introduction Video: https://www.youtube.com/watch?v=O_3Cw2FRlb0

Shufti Pro Intro Presentation: https://drive.google.com/file/d/19WS7h8dhqHRrxnyW4on2bEuTZEowt8zN/view?usp=sharing

Verification Flow: https://drive.google.com/file/d/1cPQiFRsxIKU_CRkpyx3cXZs_uQJRFWGd/view