Shufti launches Glocal compliance platform for global businesses

Shufti on July 23 launched the Shufti Glocal Platform, a single compliance lifecycle system for identity verification, fraud prevention, monitoring and remediation across industries and regions. The London-based company says the platform is built to help businesses scale globally while meeting local rules, document requirements and data-sovereignty needs.

Why it matters: - Shufti is trying to replace the patchwork of regional compliance vendors many companies use when they expand into new markets. - The platform is designed to reduce operational complexity, lower integration overhead and support more consistent customer experiences across jurisdictions. - The launch targets industries with heavy compliance demands, including financial services, fintech, telecommunications, forex, e-commerce, gaming and marketplaces.

What happened: - Shufti launched the Shufti Glocal Platform on July 23 in London. - The company describes the product as a full compliance lifecycle management solution built for identity verification, fraud prevention, risk assessment and regulatory compliance. - The platform is available now. - Shufti says organizations can learn more at the company’s website.

The details: - The platform covers the customer lifecycle from sign-up and KYC through authentication, AML screening, ongoing monitoring and remediation. - Shufti says the system is built on one shared global infrastructure that adapts to an organization’s compliance strategy, customer journey and operational needs. - The platform supports data sovereignty and local regulatory and governance expectations. - Jurisdiction-specific regulations, document requirements, verification methods and industry use cases are built into the system. - Shufti says the platform can support compliance across jurisdictions including Japan, Gibraltar, Australia and Argentina. - The platform was developed entirely in-house. - Shufti says it has supported more than 2,000 organizations worldwide. - The company’s customer base spans financial services, fintech, telecommunications, forex, e-commerce, gaming, marketplaces and other regulated industries. - Shufti supports identity verification across 240+ countries and territories. - The company says it actively processes 10,000+ document types in 150+ languages. - Shufti says its OCR accuracy is 99.7% across 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 a response to a core problem in compliance technology: global expansion often forces businesses to juggle multiple vendors, APIs and contracts. - The company is arguing that a single platform with local market depth can simplify onboarding, monitoring and remediation without sacrificing regional nuance. - The emphasis on in-house development suggests Shufti wants to control product changes as regulations and customer workflows evolve.

What's next: - Shufti says the platform is meant to grow with customers as they enter new jurisdictions or launch new business lines. - The company is pitching the product as a long-term compliance foundation for organizations that want to consolidate vendors and systems over time. - Shufti will likely use the launch to compete for customers that need both global coverage and local regulatory support.