Opal Joins Hands with Shufti Pro to Automate the KYC Process for Customer Onboarding

CANARY WHARF, U.K. - Nov. 29, 2021 - PRLog -- End-to-end regulated payments and financial solutions provider Opal has entered into a strategic partnership with one of the world's leading and most advanced digital KYC providers, Shufti Pro to deliver a seamless customer experience during onboarding.

Trusted as a financial technology platform, Opal delivers transparent, convenient, and low-cost payment solutions. Shufti Pro's KYC solution verifies the identity of customers in real-time during customer onboarding that helps businesses to prevent identity theft, money laundering, terrorist financing, and other financial frauds.

The financial solution provider Opal that promises a convenient user journey has partnered with Shufti Pro to offer pleasant user experience and prevent the threats of money laundering and other financial scams by performing robust ID verification of customers in seconds.

'At Opal, we design our platform and user journey to cater especially to cross-border trade and businesses aspiring for international reach. Such international businesses bring complexity when it comes to KYC," stated CEO and Co-founder of Opal, Lim Ming Wang. "Shufti Pro helps us ensure our customers experience a fuss-free pleasant experience at the onboarding stage."

Speaking on the partnership, Victor Fredung, CEO of Shufti Pro said, "businesses like Opal that are committed to assisting SMEs in expediting business growth with its effective financial solutions need IDV solutions more than ever to fulfill their business goals. Our automated solution will enable Opal to mitigate ID frauds that often occur with fast-growing businesses."

About Opal

Opal's technology and design are built to best serve companies with international trade or business with transparent, safe, and easy to use financial-business solutions. Opal is a leading provider of end-to-end, regulated payments and financial solutions based on robust, proven platforms and proprietary technology. Opal offers businesses a broad set of financial solutions (consisting of multicurrency digital business accounts, cross-border payments to 100+ countries) to help clients meet their needs in today's ever-changing business environment.

For more information,

Benson Ang
Sales & Partnerships Lead | Opal
Benson.a@opalpayment.com
+65 9327 7607

About Shufti Pro

Shufti Pro (https://shuftipro.com/) is globally acclaimed for providing digital identity verification solutions. Its AI-based IDV services have an accuracy rate of 98.67% and are offered in 230+ countries and territories. By supporting 3000+ identity documents in 150+ languages, Shufti Pro has proven to be the best fit for eliminating the risk of financial and identity fraud while maintaining regulatory compliance.