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Austria’s KYC Landscape: Shufti Pro Offers Real-Time Identity Verification

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In a bid to strengthen its anti-money laundering (AML) and know-your-customer (KYC) regulations, Austria has been implementing stringent measures to ensure the integrity of its financial system. As part of these efforts, businesses operating in Austria are required to verify the identity of their customers using robust KYC solutions.

Shufti Pro: A Leading Provider of Real-Time Identity Verification Services

Shufti Pro is a leading provider of real-time identity verification services that offers KYC solutions tailored to meet the specific needs of Austrian businesses. With a proven track record of delivering fast and accurate results, Shufti Pro has become an essential partner for organizations looking to digitize their customer onboarding process while minimizing the risk of financial crime.

KYC and AML Solutions Under FATF Guidelines

Shufti Pro’s KYC solutions are designed to meet the guidelines set by the Financial Action Task Force (FATF), as well as those of the Office of Foreign Assets Control (OFAC). The company’s advanced technology uses machine learning algorithms to verify identity documents, extract relevant information, and detect any potential discrepancies.

Documents We Verify

Shufti Pro’s KYC solutions cover a range of identification documents, including:

  • National Identity Card: Shufti Pro scans and authenticates ID cards issued by the Federal State Authority, ensuring accuracy down to the last pixel.
  • Passport: The company verifies Austrian passports issued by the Magistratische Bezirksämter (Municipal District Office), checking for name, DOB, expiry date, and MRZ.
  • Driving License: Shufti Pro checks the originality of driving licenses issued by the National Police Directorate and verifies licenses from all states in Austria.
  • Credit/Debit Card: The company validates credit/debit card details, including name, expiration date, issue date, and card number.

How Our Identity System Works

Shufti Pro’s identity verification system is designed to be seamless and efficient, consisting of four key components:

  1. Document Verification: Shufti Pro uses advanced technology to scan and verify identification documents.
  2. Data Extraction: The company extracts relevant information from the verified documents.
  3. Face Verification: Shufti Pro uses facial recognition technology to verify the identity of customers.
  4. Verification Status: The system provides real-time updates on verification status, ensuring seamless customer onboarding.

Advanced KYC and AML Solutions

Shufti Pro offers a range of advanced KYC and AML solutions designed to help businesses protect themselves from financial crime. These include:

  • Facial Verification: Next-generation facial recognition technology for remote authentication.
  • Document Verification: Document authentication across Austria’s nine states.
  • Address Verification: Address verification service to prevent false deliveries and invalid customer addresses.
  • AML Screening: AML services for Austrian banks and businesses, including PEP screening and real-time sanction list monitoring.

Truly Global Identity Verification

Shufti Pro works with all major industries, providing tailored KYC solutions for:

  • Banks: Shufti Pro helps banks verify customer identities while minimizing the risk of financial crime.
  • E-commerce: The company provides seamless customer onboarding and verification for e-commerce businesses.
  • E-Payments: Shufti Pro offers secure payment processing solutions, including identity verification.
  • Ride Sharing: The company provides KYC solutions for ride-sharing companies, ensuring safe and secure transactions.

Automated AML for Businesses

Shufti Pro’s AML services help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. The company uses FATF, EU, OFAC, HMT, Interpol, and other relevant watch lists in the provision of its AML services.

Customer Due Diligence in Austria

Austria is a member of the Financial Action Task Force (FATF), promoting efficient measures for combating money laundering, terrorist funding, and other threats to the international financial system. Shufti Pro has expanded its operations to Austrian Banks, as well as financial and non-financial businesses to strengthen trustful business relationships.

Start Your 7 Days Free Trial Now!

Try Shufti Pro’s KYC solutions today and experience the benefits of fast, accurate, and secure customer onboarding. Contact us to learn more about our services and how we can help your business thrive in the Austrian market.