Shufti launches Glocal compliance platform for global and local needs

Shufti on July 23 launched the Shufti Glocal Platform, a single compliance lifecycle system designed to handle identity verification, fraud prevention, risk assessment and regulatory requirements across industries and regions. The company says the platform is meant to cut the vendor sprawl, cost and complexity that often come with cross-border expansion.

Why it matters: - Global companies often need different compliance tools for different markets, which can slow expansion and create inconsistent customer experiences. - Shufti is pitching a single platform that combines global infrastructure with local market support, a model aimed at reducing vendor sprawl and operational complexity. - The platform matters most for regulated businesses that need identity checks, fraud controls, AML screening and ongoing monitoring in one workflow.

What happened: - Shufti launched the Shufti Glocal Platform on July 23 in London. - The platform is a full compliance lifecycle management solution for identity verification, fraud prevention, risk assessment and regulatory compliance. - Shufti says the platform is designed for every industry, every region and every use case. - The platform is available now. - Shufti directs customers to the company’s website for more information.

The details: - The platform was developed entirely in-house. - It runs on one shared global infrastructure and adapts to an organization’s compliance strategy, customer journey and operational needs. - Shufti says the platform supports data sovereignty and helps organizations align identity data handling with local regulatory and governance expectations. - The workflow covers sign-up, KYC, authentication, AML screening, ongoing monitoring and remediation. - The platform supports jurisdiction-specific regulations, document requirements, verification methods and industry use cases as core capabilities. - Shufti says businesses can use a single global compliance operation while meeting local requirements in jurisdictions ranging from Japan to Gibraltar and Australia to Argentina. - Shufti says it has worked with 2,000+ organizations worldwide. - Those customers span financial services, fintech, telecommunications, forex, e-commerce, gaming, marketplaces and other regulated industries. - Shufti says it supports identity verification across 240+ countries and territories. - The company says it processes 10,000+ document types across 150+ languages. - Shufti says its OCR accuracy is 99.7% across complex multilingual documents and non-Latin scripts, including Arabic, Devanagari, Chinese and Japanese. - The company’s portfolio includes KYC, KYB, AML screening, facial biometrics, passive liveness detection with iBeta PAD Level 3 certification, Video KYC, electronic identity verification, fraud prevention, authentication and continuous risk monitoring. - Shufti says it is certified under PCI DSS, SOC 2, ISO 27001:2022, GDPR and CCPA.

Between the lines: - Shufti is positioning Glocal as an answer to a common pain point: companies that end up stitching together multiple vendors, APIs, contracts and support teams as they expand. - The message is less about a new verification feature and more about consolidating the full compliance stack into one system. - The company is also leaning on its scale and multilingual document-handling capabilities to argue that local nuance can coexist with a single global platform.

What's next: - Shufti says the platform will support organizations as they expand into new jurisdictions and launch new lines of business. - The company is framing the platform as a long-term compliance foundation that can grow with customers over time. - Businesses can contact the Shufti team through the company website to explore deployment.

The bottom line: - Shufti is betting that compliance buyers want fewer vendors, one global workflow and more local flexibility at the same time.