London UK – Shufti Pro, an identity verification service provider has incorporated machine learning to train thousands of AI models and to provide highly accurate results.
In a span of three years, Shufti Pro has grown to become one of the most reliable companies in the identity verification industry. Their identity verification services were already providing an unmatchable accuracy rate of 98.67% but now it has trained thousands of AI models to enhance its services. The models are trained for fool-proof verification of thousands of government-issued identity documents in seconds.
Identity verification solutions fight hundreds of sophisticated frauds on a daily basis, that’s why they cannot afford to give false positives. Fraudsters find one way or another to attack the system but Shufti Pro’s artificially intelligent solutions are all geared up to face these attacks through advanced AI mechanisms.
“Recently we captured forty types of unique spoof attacks and this provided us a unique angle to enhance our technology. After extensive research and hard work we were able to train thousands of AI models to enhance the accuracy, speed, and scalability of our solutions,” said Shahid Hanif, CTO of Shufti Pro.
Machine learning is the concept of training the system on the basis of previously available data. When trained intelligently using the real and test data, the system can produce reliable results. Shufti Pro’s AI models are trained adequately to detect spoof attacks and verify the identity of an individual within seconds.
Shufti Pro works on continuous product enhancements, earlier in 2020, it introduced a new product video KYC for remote KYC and AML screening through a live video call. It also introduced on-premises identity verification software for financial institutions such as banks and insurance companies to help them perform secure customer verification. It supports global KYC/AML and document verification in 150+ languages.
Speaking about this major technical advancement in the company, CEO of Shufti Pro, Victor Fredung said: “Shufti Pro only aspires to provide seamless customer experience. By training thousands of AI models, our solution is efficient enough to catch sophisticated identity fraud in real-time. We take pride in offering an intelligent identity verification solution to our customers and assist them with amplified customer onboarding.”
Shufti Pro offers a hybrid solution that synergizes human intelligence and artificial intelligence to not only produce more accurate results but also to reduce false positives.
Shufti Pro’s identity verification solution offers automated data extraction through OCR technology to provide a frictionless experience to users. Their intelligent OCR based on AI algorithms can accurately extract data from the documents, reducing manual workload.
About Shufti Pro
Shufti Pro is an identity verification service provider that offers KYC and AML solutions to customers all over the world. Using a hybrid approach of AI and HI technology, Shufti Pro produces results as accurate as 98.67%. Having verified users in over 232 countries and territories, Shufti Pro is a pioneer in IDV services to cover the maximum number of countries and languages.