Shufti Pro Ltd. Bags “Best KYC & Onboarding Solution” at Regulation Asia Awards for Excellence 2021
The AI-powered liveness detection checks of Shufti Pro make it globally acknowledged for its highly authentic real-time IDV solutions. It leverages mobile identity verification, OCR for both structured and unstructured documents, and video KYC to promote seamless, secure, and fraud-free onboarding.
The Regulation Asia Awards for Excellence 2021 recognizes the financial institutions, service providers, and technology firms that always meet regulatory standards despite the ever-evolving compliance landscape. Out of the total 191 submissions, Shufti Pro is granted the Best Solution - KYC & Onboarding for offering businesses a frictionless, fast, and compliant enrollment process.
The winners of the fourth edition of Regulation Asia Awards for Excellence 2021 were named by a board of leading industry figures possessing direct experience in the compliance domain along with their proficiencies in technology and services firms. The big range of categories included Best Solutions, Outstanding Projects, Regtech Awards, Ones to Watch, and Industry Awards.
“The global market size of digital KYC is expected to reach USD 1,015.36 million by the end of 2026,” said Victor Fredung, the CEO of Shufti Pro. “Shufti Pro’s “Best Solution” Regulation Asia Award win validates our efforts to provide effective KYC solutions that benefit businesses in enhancing operational efficiency, regulatory compliance, and client experience. We are honored to provide KYC/AML solutions that are configurable to global compliance regulations.”
Shufti Pro has recently won two awards at the Global Banking and Finance Awards 2021 and Best in Biz Award for providing unmatched consumer services. Moreover, the company bagged Global Business Excellence Awards 2020 for providing excellent KYC/AML services and made its way into the World’s 100 Most Innovative Cybertech companies.
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About Shufti Pro
AI-powered digital identity verification solution provider, Shufti Pro, offers KYC, KYB, and AML services in 230+ countries and territories. Given the ability to verify 3000+ documents, Shufti Pro authenticates documents in 150+ languages with an accuracy rate of 98.67%. Through its AI-driven efficient verification services, the company aims to create a secure digital marketplace devoid of identity theft and other fraudulent activities.
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