Zoth Integrates Shufti Pro's Robust KYC and KYB Services for Enhanced Security and Compliance

LONDON - April 4, 2024 - PRLog -- Zoth, an innovative RWA marketplace for enhanced liquidity and tokenization, has collaborated with Shufti Pro, integrating its highly secure and compliance-assured KYB and KYC services into its processes. The alliance paves the way for improved safety and transparency in Zoth's financial ecosystem for individuals and institutions alike.

A pioneer in the fintech industry, Zoth was built to streamline asset conversions from traditional markets to OnChain Finance. Backed by funds like SOSV, Blockchain Founders Fund, Chainlink, Momentum6, Borderless Capital, and Mindfulness Capital, the company leverages advanced blockchain measures to ensure efficiency and transparency in asset management.

The finance industry is severely prone to fraud and theft, costing organizations billions of dollars in losses and non-compliance compensation. Money laundering and identity theft account for a significant part of these deceptions, deeming over $2 trillion and $56 billion in losses, respectively.

Companies can ensure fraud protection and secure OnChain financial transactions through robust KYB and KYC solutions (https://shuftipro.com/identity-verification/). Zoth, now incorporating Shufti Pro's advanced protection measures, emerges as paramount in the industry with its industry-grade risk assessment.

Koushik Bhargav, Co-Founder and CTO at Zoth said, "At Zoth, we strive for efficiency and sustainability. Partnering with Shufti Pro allows us to seamlessly verify both individuals and institutions within the same sandbox, ensuring cost-effectiveness and customization while aiming for smoother integration.

"Integration of our powerful KYB and KYC solutions with Zoth will enable secure off-shore trading and asset liquidity for SMEs, realizing Shufti Pro's mission of financial security and fraud reduction," said Patrick Cox, CEO of Shufti Pro.

With SP's robust solutions, Zoth anticipates improved risk management, enhanced compliance, and streamlined operations, ultimately bolstering trust and efficiency in its ecosystem.

About Zoth

Zoth is an emerging institutional fixed-income marketplace that connects DeFi with real-world assets, promoting liquidity and the free flow of capital. It aims to assist SMEs in global financing by enabling the influx of assets from traditional to Onchain finance.

About Shufti Pro

Shufti Pro helps businesses verify identities, documents, and accounts, covering KYC, KYI, KYB, and AML solutions. The company's 17+ IDV solutions are trusted worldwide by 1000+ businesses belonging to industries varying from finance and crypto to insurance and e-commerce. Shufti Pro extends document verification in 150+ languages, with the ability to validate 10,000+ IDs in 240+ countries and territories.

For more information, please contact

Market Pro
Marketing Partner | Shufti Pro
Shuftipromedia@marketpro.ai