NamaChain partners with Shufti Pro

Thursday 9 June 2022 12:40 CET | News

NamaChain, a Canada-based identity solutions provider, and Shufti Pro, an AI-powered KYC/AML screening platform, have partnered, combining their technical expertise in digital identity verification and management.

With this partnership in effect, NamaChain has collaborated with Shufti Pro to create a non-custodial identity gateway that provides users with a sole authority over their data; no third party or service provider, not even NamaChain, can access or share the users' data without their explicit consent.

NamaChain's non-custodial KYC/AML system is a blockchain and oracle-enabled solution that verifies users within seconds and never stores their PII data. However, Shufti Pro is an identity verification platform that supports 3000+ types of ID documents in 150+ languages and is used by a clientele across 230+ countries and territories.

This collaboration focuses on making KYC/AML verifications seamless for both service providers and end-users, reducing customer onboarding time to only a few minutes. Under this partnership hood, NamaChain's KYC/AML solution will run identity verifications using Shufti Pro's global ID database. The output will enable vendors to provide their users with a verified digital identity that they can re-use without having to go through the KYC processes again and again.

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Keywords: partnership, artificial intelligence, KYC, AML, digital identity
Categories: Fraud & Financial Crime
Companies: NamaChain, Shufti Pro
Countries: Canada
This article is part of category

Fraud & Financial Crime



Shufti Pro

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