April 14, 2024

Shahid Hanif’s story is related to an modern thought and motive to safe the digital world. He’s a CTO and Co-founder of Shufti Professional, one of many world’s main IDV service suppliers that help companies in securing their on-line platform and defending clients’ information. It began as a small-scale enterprise in London in 2017, has now been expanded to 240+ nations and territories, and has been acknowledged by famend international organizations.

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Right here is the success story of Shahid Hanif that teaches us overcome challenges, the significance of buyer care in companies, and use failures as a constructing block for fulfillment:

A Background of Shufti Professional

Shufti Professional is an award-winning international id verification service supplier that works on a B2B scale. The corporate gives companies with ID authentication options, e.g., biometric, doc, and AML screening. It assists organizations in verifying person data by means of authorities databases and conducting thorough background checks to reduce the danger of ID scams.

The Thought of Shufti Professional

When pursuing a grasp’s diploma in synthetic intelligence from the College of Edinburgh, Shahid Hanif acknowledged the immense potential of ML (Machine Studying) and AI (Synthetic intelligence). He knew that this know-how might do issues past human creativeness. Concurrently, he observed that ID verification was essentially the most compromised trade, primarily reliant on guide KYC and AML processes. On account of its guide method, it had quite a few loopholes and vulnerabilities. Shahid acknowledged that AI introduced an optimum answer for this trade. Then and there, he based Shufti Professional, a worldwide IDV service supplier that synergizes synthetic and human intelligence for id authentication, and that concept turned successful.

Challenges that Shahid Confronted within the Begin

Previous to Shufti Professional, Shahid Hanif was a software program engineer at a tech agency. He was neither an IDV knowledgeable nor a cybersecurity skilled, however he began this firm, which has now grow to be one of many world’s main id verification service suppliers.  Shahid lives by this quote:

“Failure isn’t the alternative of success; it’s a part of the success.”

He realized from his failures and used these failures as a lesson. The corporate’s success additionally lies behind its sturdy imaginative and prescient and powerful motive. He failed a number of occasions and confronted many challenges, very like anybody else who would enter into a brand new trade. However, he by no means stepped again on account of his robust religion, accepted the failures as stepping stones, used a number of methods, and in the end succeeded.

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Carried out Buyer-Centric Strategy

As they are saying:

“It takes months to seek out clients and seconds to lose one on account of dangerous buyer help.”

That may be a well-known quote demonstrating buyer care’s significance, and Shahid Hanif knew it. He understood the truth that the CS division is essentially the most important think about conserving the shoppers happy, and he put efforts into enhancing it. Even earlier than making the operations stay, he centered on the shopper help division as the highest precedence. Shufti Professional’s superior assist heart considerably maintained shopper relationships in the long term, in the end contributing to the corporate’s success.

High quality-Centered Mannequin Reasonably Than Revenue-Centered Approached

Since its inception, Shufti Professional has been offering top-notch companies. It invests large assets and funds in its R&D and product improvement, ensuing within the supply of the very best quality IDV options, setting an trade benchmark, and outpacing opponents.

Shufti Professional is a type of few KYC & AML service suppliers that provide 99.7% accuracy and the primary few manufacturers that launched the e-IDV idea to the world, all doable by means of their sturdy R&D and quality-focused method.

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Shufti Professional – The place it Stands Immediately

Throughout the previous 7 years, Shufti Professional has expanded its operations to greater than 240+ nations and territories and helps 10,000+ ID doc varieties. Headquartered within the UK, the corporate has 7 worldwide workplaces, together with Singapore, UAE, Cyprus, Hongkong, USA. The corporate has launched 17+ IDV companies, together with KYC, Enhanced Deal with Verification, PEP/AML Screening, KYB, Video KYC, NFC, and Danger Evaluation.

Final 12 months, Shufti Professional secured $20M in sequence A funding and gained quite a few awards, corresponding to “Greatest KYC Resolution for Shopper On-boarding 2022” and others from famend publications. The corporate not too long ago launched e-IDV, which is the newest model of ID verification, utilising government-issued e-IDs for KYC and AML authentications.

Key Takeaways

Shahid Hanif’s modern thought and revolutionary method turned out to be a profitable game-changer within the IDV sector. His agency motivation and powerful imaginative and prescient saved him on the observe. He was by no means disenchanted with failures, as an alternative used them as a studying instrument, centered on offering high quality companies to the worldwide clientele. Immediately, he’s the CTO of one of many main id verification service suppliers, Shufti Professional, which continues to develop by means of his experience and workforce management abilities.