Shufti Pro's Cutting-Edge ID Verification Services Now Available on omnispay

LONDON - Oct. 13, 2023 - PRLog -- Shufti Pro, a leading ID verification service provider, partnered with omnispay, a cloud-based payment platform helping SME's manage their cash flow. This partnership allows omnispay to de-risk merchant onboarding and strengthen the fight against financial crime in the FinTech industry.

omnispay supports SME growth by improving cash flow of SME's in the UAE. Through omnispay, SME's can pay their suppliers securely even when they don't accept cards, and collect from customers remotely.

According to AARP, every year, 42 million identity scams occur worldwide in the FinTech sector that cause financial losses, emotional distress, and a significant erosion of trust in online transactions and services. With this figure of ID scams in the industry, there has been a need for robust identity verification solutions to safeguard individuals and businesses. By collaborating with Shufti Pro, omnispay can ensure businesses make legit partnerships and stay compliant with global regulations, fostering trust and confidence among their partners and customers.

While conventional verification methods are time and resource-consuming and can be prone to human error, Shufti Pro's AI-powered IDV boosts the KYB process from days or weeks to minutes and seconds. The solution also screens the clients against multiple AML and sanctions list registries and highlights potential high-risk clients.

"omnispay's vision is to offer SMEs a cutting-edge & user-friendly payment platform to manage their cashflow. As omnispay scales up, it needs strong partners to support its growth. Shufti Pro provides the perfect partnership rails by providing an advanced and easy-to-integrate platform that allows for faster rollout of services" said Simanta Das, Co-founder of omnispay.

"We are excited partnering up with omnispay to bring our industry-leading identity verification services on their innovative payment platform targeted at the SME's," said Victor Fredung, CEO of Shufti Pro (https://shuftipro.com/).

About omnispay

omnispay is a payments platform that helps micro and small businesses grow by simplifying their payment needs. omnispay improves cash flow for small businesses by letting them pay and collect seamlessly from a simple business dashboard. SMEs can pay their suppliers by using existing credit cards (even when their suppliers don't accept cards) and collect remotely and timely from customers by using payment links. The easy dashboard gives a comprehensive view of all payments.

About Shufti Pro

Shufti Pro is a leading IDV service provider offering KYC, KYB, KYI, AML, biometric verification, and OCR solutions, accelerating trust worldwide. It has seven international offices and has launched 17 complimentary IDV products and solutions since its inception in 2017.

Market Pro
Marketing Partner | Shufti Pro
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