Solution is designed to provide easy and seamless user experience

LONDON, Nov 22 (Bernama-BUSINESS WIRE) -- Shufti, a global, award-winning, identity verification provider, announced the release of its innovative Fast ID authentication and portable identity solution. The solution empowers consumers who have enrolled on a customer site via Shufti’s KYC-compliant Identity Verification to easily save their credentials with Fast ID. This allows for seamless facial biometric authentication in future sessions.

This Shufti launch provides a smooth, secure identity user experience across identity verification at onboarding, session authentications and step-up authentications. Fast ID also extends KYC and AML-compliant verifications into authentication, while addressing online accessibility challenges where passwords and OTP are prohibitive.

In addition, Fast ID’s portable identity verification allows organizations to reuse a consumer’s previously verified documents that the consumer voluntarily saved within the Shufti ecosystem. Now partner ecosystems and e-wallet can verify a consumer identity on one partner site – and authenticate on all participating partner sites. This streamlined approach, which requires only a new face scan to locate and verify a document, reduces consumer friction and abandonment rates.

This seamless experience increases transaction volumes and improves overall consumer experience.

Patrick Cox, CEO of Shufti, said Fast ID was designed with user experience in mind.

"Maximum security typically means maximum inconvenience, but not with Fast ID,” said Cox. “Once your face is authenticated to your government-issued ID using your device's camera, future interactions are biometrically secure, allowing you to quickly authenticate and get the service and trust you deserve.”

Fast ID is the latest innovation for Shufti. Shufti provides a range of services to more than 1,000 businesses globally. The organization’s industry-leading solutions include Know Your Customer (KYC), Know Your Intermediary (KYI), Know Your Business (KYB) Anti-Money Laundering (AML) services and more.

The company has adopted AI-focused automation to create unparalleled speed, security, and user experience for businesses looking to uplevel their identity verification services. Shufti is now trusted by over 1,000 clients worldwide and has a 4.7 / 5.0 star rating on TrustPilot – with more than 2,700 reviews.

About Shufti

With over 50M users and 1000+ clients worldwide, Shufti is a recognized leader in delivering cutting-edge identity verification, authentication, and anti-money laundering solutions. Shufti creates value by empowering identity trust in the moments that matter. At the forefront of identity since 2017, we grew up in the most complex and unforgiving global threat environments where criminals hone their skills. Shufti has put in the hard work of overcoming challenges and bad actors. It has made us who we are: a proven global team ready to serve our clients with the most ADAPTABLE, COMPLETE, and PRECISE identity services available. We minimize threats and maximize your user’s experience, ensuring criminals and customers receive the treatment that each deserves—helping clients stay compliant while accelerating their growth by onboarding more good customers, creating the transactional trust needed to deliver leading products and exceed growth targets — enabling our customers THE FREEDOM TO THRIVE.


View source version on businesswire.com: https://www.businesswire.com/news/home/20241121396661/en/

Contact

Chap Public Relations for Shufti
Keith Chapman
[email protected]

Source : Shufti 

--BERNAMA