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Thailand’s Sanctions Screening Software Market to Experience Growth with Real-Time KYC Solutions

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Bangkok, Thailand - The sanctions screening software market in Thailand is expected to witness significant growth with the increasing adoption of real-time Know Your Customer (KYC) solutions. According to industry experts, the growing need for effective risk management and compliance has led businesses to invest in advanced KYC tools that can verify identities in seconds.

Shufti Pro Leads the Charge in Thailand’s KYC Market

Shufti Pro, a leading identity verification provider, has been at the forefront of Thailand’s KYC market with its cutting-edge technology and user-friendly interface. The company offers real-time identity verification services that can verify identities in seconds, making it an attractive option for businesses looking to digitize their customer onboarding processes.

Document Verification

Shufti Pro’s document verification service uses advanced AI-powered algorithms to verify the authenticity of documents issued by the Department of Provincial Administration, Ministry of the Interior. The service checks for accuracy of format, detects crumpled or folded edges, and verifies holograms or rainbow prints.

Features of Shufti Pro’s Document Verification Service

Verifies authenticity of documents issued by the Department of Provincial Administration, Ministry of the Interior
Checks for accuracy of format
Detects crumpled or folded edges
Verifies holograms or rainbow prints

Facial Recognition

The company also offers facial recognition services that use next-generation technology to verify identities remotely. This feature is particularly useful for businesses operating in Thailand’s e-commerce sector where customers often prefer online transactions.

Features of Shufti Pro’s Facial Recognition Service

Verifies identities remotely using next-generation technology
Useful for businesses operating in Thailand’s e-commerce sector

AML Screening

In addition to KYC solutions, Shufti Pro also provides Anti-Money Laundering (AML) screening services that help Thai businesses identify high-risk clients and 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.

Features of Shufti Pro’s AML Screening Service

Identifies high-risk clients
Improves client onboarding with faster PEP screening and real-time sanction list monitoring
Uses FATF, EU, OFAC, HMT, Interpol, and other relevant watch lists

Thailand’s Financial Action Task Force (FATF)

Thailand is associated with the Financial Action Task Force (FATF) through APG. FATF promotes efficient measures for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Shufti Pro has expanded its operations to Thai banks and financial and non-financial businesses to strengthen trustful business relationships.

Start Your 7-Day Free Trial Now

Shufti Pro offers a 7-day free trial for businesses looking to experience their KYC solutions firsthand. With its cutting-edge technology and user-friendly interface, Shufti Pro is the perfect solution for businesses looking to digitize their customer onboarding processes in Thailand.

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