Shufti Pro Provides real-time technology solutions that verify an individual’s Identity

Shufti Pro Provides real-time technology solutions that verify an individual’s Identity

The world of Identity Verification is no longer what it was once before. Unlike previously, where all practices were carried out manually. Usually through long and time-consuming Document Verification. Is now being taken over by automated Age Verification procedures that boost productivity and optimize onboardings.  

Why the Need for Real-Time Solutions 

The Identity industry has long been plagued by fraud from all angles, these include identity theft and online frauds. Dated practices and long delays in between verifications exposed traditional businesses to potential loopholes that were exploited.

As fraud increased, companies were mounted with the pressure to combat these issues arising from onboarding fraud and fraudulent individuals who misused the system. Not forgetting the looming regulatory pressure, companies were tasked to implement measures that improved business processes, streamlined onboarding, deterred fraud. The primary goal was entrusting control back in the hands of businesses, by ensuring they know who their customers said they claim to be. 

Applications of Real-Time Solutions & Digital IDV

Real-time applications have become the need of the hour and so the requirement of identity verification service providers becomes even more so important. Providers like Shufti Pro are employed to service real-time solutions that deliver reliability and effective result performance. 

Online Identity Verification & Age Verification 

Identity Verification and Age Verification are performed hand in hand to ascertain an individual’s Identity. Whereas as the name suggests, Age Verification is the process where a potential customer or individual’s age is checked for suitability. Under most cases, this is processed through the help of an Identification document – ID Card. Where an individual’s identity particulars are checked against previously entered KYC information. The document itself undergoes checks for document originality. While the image of the person is verified through facial recognition. The age of an individual is verified through the previously entered DOB, which is then processed through the Shufti Pro Artificial Intelligence engine.    

How IDV Based Real Time-Solutions Impact Businesses

Solutions under Shufti Pro impact businesses to increase their effectiveness and user convenience. The solutions are developed around customer facilitation and regulatory compliance. The Identity Verification suite allows companies and entities to achieve their ‘Know Your Customer’ compliance goals by having to implement Identity Verification, Face Verification and Document Verification

Also, Shufti Pro’s services enable greater client-customer trust for end users that drive traffic to businesses. Signifying peace of mind through secure KYC processes. The services allow businesses to onboard a greater number of people with little to worry about identity and document fraud, keeping them secure from unforeseeable future losses in finances and corporate reputation.  

Age-sensitive businesses can verify ages of individuals during platform on-boarding. Ensuring no access is mistakenly provided to content that is approved for a mature and age-specific audience. 

The IDV Edge Over Others 

Whether it may be the usual Identity orAge Verification measures. Others might also offer the same as what Shufti Pro does. What sets apart the provider is their ability to provide services all over the world, servicing more than two hundred countries in all majorly spoken languages of the world. Clearly out matching service outreach by margins in comparison to competitors. Shufti Pro boast turn around times of less than 60 seconds that provide an ideal balance between practicality and effectiveness.