Shufti ProBATH, UK – (February 25th, 2019) Shufti Pro partners with Restore Money Foundation in order to fast track their customer registration for better service delivery and authentic regulatory compliance. TxGold, RMF“s gold backed currency, is based in Texas and available to users worldwide. To comply with U.S. federal regulations, RMF needs to collect and confirm custom identification data.
Talking about their initial struggle to find a suitable KYC service provider, Mr. Tyler Chessman, founder of RMF, said: „We struggled quite a bit to find someone that could work with our organization (a startup) and provide a flexible identity verification API.“
With both „on-site“ and „off-site“ verification, documentation from an end-user can be collected either directly by Shufti Pro – or by the Shufti Pro customer creating ease of use for the customer to perform a verification that best suits their needs. RMF uses off-site verification from Shufti Pro that allows the company to collect and pre-process some of the identification data that is collected from its customers.
Highlighting various facets of the verification process, Mr. Tyler said „After we“ve collected an end user“s name, date of birth, and a picture of their ID or passport, we are able to send this over to Shufti Pro to verify the authenticity of the user“s ID. The API is flexible, giving us the option to add additional verification steps as needed.“
Document verification isn“t as easy as it sounds, especially when users are allowed to upload their own photo; camera quality, lighting/glare, and photo angles present challenges to exclusively automated approaches. „We were actually turned away by a few companies – companies who specialize in document verification – after they learned about our onboarding process.“, says Tyler. „Using a combination of both Artificial and Human Intelligence, Shufti Pro is uniquely able to meet RMF“s onboarding and identification requirements“.
Talking about the collaboration between the two companies, Mr. Victor Fredung – CEO of Shufti Pro said „We are delighted RMF has selected us to help meet with their customer identification requirements. Shufti Pro was more than prepared to handle the unique use case of RMF for user verification. We have been able to provide customized solutions to our various customers based in almost every part of the world.“
About Shufti Pro
shufti-pro-logo
Shufti Pro is an identity verification SaaS that offers KYC and AML solution to worldwide clients. Using a hybrid approach of AI and HI technology, Shufti Pro keeps accuracy results up to 99.6% high. Having verified users in over 225 countries around the world, Shufti Pro is one of the pioneers in IDV services to cover a good number of countries in a relatively short time of two years.
You can visit Shufti Pro here:
Shufti Pro Limited
190 Englishcombe Ln,
Bath, United Kingdom
info@shuftipro.com
www.shuftipro.com
About TxGold
With near-zero transaction costs (for both sending and receiving), and settlement times of 2-4 seconds, TxGold can help bring cryptocurrency to the masses. Backed by redeemable gold, which is stored and secured in the state of Texas (and insured by Lloyd“s of London), TxGold is a viable alternative to paper currency.
TxGold represents an opportunity for existing cryptocurrency enthusiasts to acquire a more stable token; because its value is tied to gold, it isn“t prone to wild swings in value. Running on top of the Stellar platform, there are several wallets available. Using Stellar“s built-in decentralized exchange, TxGold can be acquired by trading a wide variety of tokens – including Bitcoin, Ethereum, Lumens, and more.
Shufti Pro is an AI startup company operating in KYC industry for over a year now. With KYC verification and AML Compliance solutions available for a worldwide clientele, Shufti Pro envisions to play a defining role in the creation of an online marketplace that is free of identity theft, financial risk, digital fraud, and online scams. Some of its major solutions include:
Identity Verification
AML Compliance
Biometric Consent Verification
InstantCapture
Shufti Pro takes help from machine learning algorithm, OCR technology, and liveness detection to provide real-time verification results to its customers. With support available for more than 150 official languages and coverage in more than 225 countries, Shufti Pro is an ideal choice for multinational companies as well as online businesses.
Contact
Shufti Pro Ltd
Amelia Matthers
190 Englishcombe Ln,
BA2 2EN Bath
Phone: 1225 290329
E-Mail: matthersamelia@gmail.com
Url: https://shuftipro.com/
