Namachain & Shufti Pro Form Strategic Partnership to Create the First-Ever Non-Custodial ID Gateway

CANARY WHARF, U.K. - June 9, 2022 - PRLog -- NamaChain, an innovator in self-sovereign identity solutions, and Shufti Pro, an AI-powered KYC/AML screening global platform, have formed a strategic partnership, combining their technical expertise in digital identity verification and management. NamaChain has collaborated with Shufti Pro to create the first-ever non-custodial identity gateway that provides users with the 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. And Shufti Pro is a globally trusted ID 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.

Commenting on the partnership, NamaChain's CEO, Mayukh Gon, said, "We are delighted to collaborate with Shufti Pro as both the organizations serve the goal of redefining the digital identity paradigm. At NamaChain, we strive to empower user sovereignty and data security. Our KYC/AML solution is privacy-focused, environmentally sensitive, and socially responsible."

Speaking on the partnership, Victor Fredung, CEO of Shufti Pro said "We are excited to associate with NamaChain, as it is set to reform the landscape of self-sovereign identity by launching the first-ever non-custodial identity gateway, powered by blockchain."

About NamaChain

NamaChain is a self-sovereign identity gateway provider, offering a suite of identity solutions, including KYC/AML and single sign-on. The company aims to work on the principles of trust, transparency, and decentralization, integral to the boom of Web3.0. NamaChain is committed to re-invent the paradigm of digital identities by enabling an identity gateway that is privacy-driven, environment friendly, and socially responsible.

Media Contact

Contact Person: Media Relations
marketing@namachain.com
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https://namachain.com/

About Shufti Pro

Shufti Pro is a global identity verification service provider catering to clients across 230 countries. Its services include all forms of KYC verifications, AML screenings, investor verifications, OCR, and more. Shufti Pro is trusted worldwide for delivering reliable fraud prevention and flawless IDV experiences across use cases like account opening, age verification, customer onboarding, investor verification, airport clearance, etc.