News & Events
CANARY WHARF, UK – OCT. 26, 2021 – Shufti Pro and Open Systems Technologies International (Bahamas) Limited have entered into a strategic partnership for assisting financial institutions in mitigating the risk of financial and identity fraud while staying in line with AML/KYC regulations.
The global AML, KYC, and KYB service provider Shufti Pro has signed a reseller agreement with Open Systems Technologies, an integrated IT solutions and service provider, to help deliver AI-powered identity verification (KYC) and background screening (AML) solutions to customers serviced by Open Systems Technologies. Services rendered by Shufti Pro leverage thousands of in-house AI models to perform comprehensive ID verification, offering a viable alternative for manual KYC processes and traditional passwords.
Customers of Open Systems Technologies International can now utilize Shufti Pro’s solutions as a strategic business advantage for meeting global AML/KYC compliance targets, enabling frictionless client onboarding, and preventing fraud such as identity theft, account takeover, and money laundering among others.
“We are excited to partner with Open Systems Technologies International and have them utilize our AI-based KYC/AML solutions. This partnership will also help expand Shufti Pro’s reach into new territories and business segments, which aligns with our plans of securing global organizations from identity and financial fraud”, said Victor Fredung, CEO of Shufti Pro.
Commenting on the partnership, Peter C. Bridgewater, President and CEO of Open Systems Technologies International stated, “We believe our partnership with Shufti Pro Identity Verification Solutions will provide a key benefit to the Financial Industry and businesses to enhance local and global regulatory requirements utilizing fintech KYC and AML Screening solutions to prevent Fraud using Artificial Intelligence and Machine Learning.”
Click on the video to view a recent appearance on Bahamas @ Sunrise with Peter Bridgewater, CEO of Open Systems Technologies International and Ed Christmas, Managing Partner at Sology Solutions. They discussed their new strategic partnership and how touchless technology can improve the guest experience in boutique hotels and hospitality industry in The Bahamas
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