SHUFTI PRO’S RISK ASSESSMENT LIFECYCLE
The Risk Assessment Process
Safeguard your business against the omnipresent threats of identity fraud and wider financial crime with our intelligent risk assessment solution; empower your business with a comprehensive step-by-step process to protect and fortify your organisation.
- Robust process to identify potential risks
- Comprehensive analysis of customer profiles
- Uncovering signs of suspicious activity
- Ensuring regulatory compliance
- Staying ahead in the fight against financial crime
- Tailored KYC based on customer risk level
SHUFTI PRO'S ALL-IN-ONE RISK ASSESSMENT SOLUTION
Our state-of-the-art solution allows you to operate across all countries, regions and jurisdictions to seamlessly mitigate the risk of financial crime and meet global compliance – all the tools your business needs in one place.
Secure Customer Onboarding
Verify customer identity using reliable sources like government-issued ID cards, passports, or driving licenses, along with authentication checks.
Customer Due Diligence (CDD)
Instantly access customers’ vital information such as name, address, date of birth, etc. Efficiently analyze customer activities for risk assessment and regulatory compliance.
Comprehensive Transaction Monitoring
Identify transactions beyond thresholds, detect suspicious activities, and get a complete view of customers' activity, risk levels, and future behavior predictions.
Customer Risk Profiling
Shufti Pro assesses risk through customer profile, location, occupation, transaction history, and more, categorising them as low, medium, or high-risk for tailored risk management.
Enhanced Due Diligence (EDD)
Shufti Pro's risk assessment uncovers hidden data realms for valuable insights, including funds sources, transaction purposes, SSN verifications, and reputation analysis, surpassing standard due diligence.
Compliance Reporting Solutions
Achieve effortless compliance with global AML reporting regulations. Generate and file SARs, STRs, and CTRs promptly, minimising financial crime risks and staying ahead of regulatory requirements.
Ongoing Monitoring
Stay ahead of evolving regulations and continuously observe customer activities to detect any suspicious behavior or changes in risk profile over time.
THE ESSENTIAL RISK FACTORS EVALUATE & MITIGATE
Risks vary across regions and industries, our fully-automated, customisable risk assessment journey allows you to evaluate and mitigate risks that are specific to you – powerful flexibility to ensure security and compliance.
Customer Risk
The nature of the customer's business, occupation, source of funds, location, and transaction history.
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Geo-Graphical Risk
Detecting customers from high-risk countries whilst identifying device location, web proxies, and anonymous web browsers.
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Geo-Political Risk
Factors include country risk, sanctions, Politically Exposed Persons (PEPs), and high-risk regions.
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Delivery Channel Risk
The channel used to deliver the financial product or service, including online, mobile, or in-person.
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Product/Service Risk
The type of financial product or service offered the level of complexity and the potential for misuse.
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Industry Risk
Industry-specific risk assessment based on regulations, reputation, and susceptibility to financial crimes.
.customisable models for an unmatched user experience
Obtain detailed customer information with multiple answer types to choose from. Set your own risk parameters and scores for each section of the questionnaire.
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Country CSV
Custom CSV
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INDUSTRY-SPECIFIC RISK ASSESSMENT journeys
Shufti Pro also offers pre-made industry-specific risk assessment journeys to ensure you meet KYC and AML compliance effortlessly. Our AI-powered solution optimises security processes, reduces costs and enhances risk management across a plethora of global industries.
Gaming & Gambling
Identify high-risk individuals and minors to prevent access to gambling & gaming platforms and ensure compliance.
Crypto
Prevent financial crime and ensure your business is up-to-date with ever-changing KYC/AML crypto regulations.
Forex
Verify Forex customers and their transactions to evaluate risk levels to prevent financial crime.
FinTech & Banking
In the Fintech/Banking industry, risk assessment is crucial to mitigate customer risks and ensure only legitimate customers and transactions are authorised, in accordance with global watchlists and regulations.
WHY CHOOSE SHUFTI PRO’S RISK ASSESSMENT SERVICE
Case Management
Quickly check your risk assessment history and instantly access your old records in a matter of seconds.
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Reduce False Positive
Reduce false positives and accelerate your compliance process whilst enhancing customer risk.
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Enhanced Security
Ensuring uncompromising data security and privacy for absolute client trust and confidence.
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RISK ASSESSMENT Integration: Seamless, Secure, & Swift
Take the next step in digital identity verification. With our Risk Assessment integration, you're not only embracing technology but a promise of excellence, efficiency, and exceptional security.
Our Risk Assessment integration promises:
- Real-time Sync
- Robust Security Protocols
- Dedicated Support
- Flexible Integration Options
- Cross-platform Support
Ensure the Highest Standards of Privacy and Security with Shufti Pro
Shufti Pro keeps in check the international data and cybersecurity guidelines regarding the privacy and security of your customer data.
- DSS COMPLIANT
- GDPR QG
- GDPR
