Shufti Pro is being recognized for its innovative identity verification technology. The company is now the recipient of two International Business Magazine Awards, going home with the prizes for Best Identity Verification Solution and Best Verification Services Provider in the MENA region after the 2022 awards presentation.
Together, the two awards should help distinguish Shufti Pro from its competitors in the Middle East and North African market. The International Business Magazine Awards were set up to acknowledge achievements in a number of categories related to finance and international business more generally, and Shufti Pro was able to fulfill that mission with an identity verification solution that gives clients a secure way to verify the identities of customers who want to open an account remotely.
Shufti Pro’s solution blends face and document recognition to ensure that an ID document is authentic and belongs to the individual captured in a selfie. The technology is compliant with various Know Your Customer and Anti-Money Laundering regulations, and is proving to be particularly popular in the burgeoning cryptocurrency sector. In that regard, Shufti Pro recently provided onboarding services for the Morpho Labs crypto platform, and for the 99Starz platform for NFT investors.
“Our Best Digital Identity Verification Solutions MENA 2022 and Best Verification Services Provider MENA 2022 awards win validate our efforts to offer effective KYC solutions that benefit businesses in improving operational efficiency and client experience,” said Shufti Pro CEO Victor Fredung. “We are honoured to provide configurable KYC/AML solutions that are imperative to fulfil compliance requirements.”
Shufti Pro’s full client roster extends well beyond cryptocurrency, and includes the Vengo ride-hailing start-up and Birka’s Russian SIM card service. The company itself brought in $20 million in Series A funding back in March, and warned about the growing threat of phishing attacks in its latest Global ID Fraud Report.
April 20, 2022 – by Eric Weiss