Financial Crime World

Identity Theft on the Rise in Eritrea’s Banking Sector

In a shocking revelation, experts have warned that identity theft is becoming a major concern in Eritrea’s banking sector. With the increasing reliance on digital transactions, hackers are finding it easier to steal identities and commit financial crimes.

Real-Time KYC & AML Solutions for Eritrea

To combat this growing threat, Shufti Pro, a leading online identity verification service, is offering real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions in Eritrea. The company’s advanced technology enables businesses to verify customer identities and screen transactions in real-time, reducing the risk of financial crime.

Documents We Verify

We offer a wide range of document verification services, including:

  • National Identity Cards
  • Passports
  • Driving Licenses
  • Credit/Debit Cards

Our advanced technology enables businesses to verify customer identities quickly and accurately, even with complex languages such as Arabic, Tigrinya, and Tigre.

How Our Identity System Works

Our identity verification system is designed to be fast, secure, and accurate. It uses a combination of:

  • Document Verification: Optical Character Recognition (OCR) technology extracts data from scanned or uploaded documents.
  • Face Verification: Facial recognition technology enables businesses to verify customers’ identities using their faces.
  • Verification Status Checks: We confirm customer identities by verifying the status of their documents.

Advanced Features

We also offer:

  • Facial Recognition Technology: Verify customers’ identities using their faces.
  • Address Verification: Confirm customers’ addresses in real-time to prevent false deliveries and invalid customer locations.
  • 2FA Authentication: Add an extra layer of security to the verification process using mobile phones.
  • Consent Verification: Confirm customers’ consent in real-time for explicit consent.
  • AML Screening: Identify high-risk clients and screen transactions in real-time.

By offering these advanced identity verification solutions, Shufti Pro is helping Eritrean banks and financial institutions to strengthen trustful business relationships and reduce the risk of financial crime.