Shufti wins Tech Ascension Award for fraud prevention

Tech Ascension Awards named Shufti’s Glocal Platform the Best Fraud Prevention Solution of 2026, citing its identity verification, compliance automation and fraud detection tools. The win spotlights demand for all-in-one fraud defenses that can adapt across regions, industries and regulations.

Why it matters: - Fraud prevention is moving from a single onboarding check to an always-on control across the full customer lifecycle. - Shufti’s award highlights growing demand for platforms that combine identity verification, AML screening, monitoring and fraud response in one flow. - The recognition also points to pressure on businesses to replace disconnected vendors and manual compliance steps with unified systems.

What happened: - Tech Ascension Awards named Shufti’s Glocal Platform the Best Fraud Prevention Solution of 2026. - The award recognizes Shufti’s approach to identity verification, compliance automation and fraud detection. - The company serves more than 2,000 businesses across financial services, crypto, gaming and lending. - Shufti is headquartered in London and operates across the United States, Europe, the Middle East and Asia.

The details: - Shufti describes its platform as a full compliance lifecycle management solution built in-house for every industry, region and use case. - The platform covers sign-up, KYC, authentication, AML screening, ongoing monitoring and remediation in a single flow. - Shufti processes 10,000+ document types across 150+ languages and 240+ countries with 99.7% OCR accuracy. - Shahid Hanif, Shufti’s CEO, said fraud now follows customers throughout their journey and businesses need protection that evolves quickly. - Hanif said Shufti was built around local documents, languages and regulations and has fraud detection embedded in every check. - The platform’s document verification uses a nine-layer forensic pipeline that includes GenAI detection, hologram analysis, metadata and checksum validation, and screen-recapture defense. - VideoIdent and NFC Verification confirm a government-issued identity behind each session. - Biometric Face Authentication and passive liveness detection are certified by iBeta at Level 3 across both iOS and Android. - Behavioural Biometrics and Device Fingerprinting combine 230+ behavioral signals with device intelligence to flag bots, account takeover and other high-risk activity. - Business Verification and UBO checks validate ownership structures against global regulatory requirements, including new EU AMLR standards. - AML, Sanctions and Transaction Screening assess profiles against 4,000+ watchlists and 50,000+ adverse media sources refreshed every 15 minutes. - Shufti’s Fraud Hub combines injection, device, document and biometric signals into a unified risk score with a full audit trail. - Deepfake detection uses the Seven Gates Framework, which applies seven checks from facial structure analysis to file compression forensics. - Shufti says the system is validated against real-world deepfakes, including content degraded by everyday devices and compression.

Between the lines: - The award fits a broader market shift toward “glocal” compliance tools that balance global coverage with local rules and document standards. - Shufti’s pitch centers on one proprietary stack instead of stitched-together point solutions, which can reduce integration gaps in fraud defenses. - Deepfakes remain a key threat, and Shufti is positioning point-of-capture detection as a differentiator. - Tech Ascension Awards said its winners are selected for adaptability, market research, innovation and competitive differentiators.

What's next: - Shufti is likely to lean on the award to deepen adoption across regulated industries and cross-border use cases. - The company is directing readers to more information about its recognitions and wins and its LinkedIn presence. - Tech Ascension Awards continues to position its winners as technologies that help organizations build more trusted and responsive financial ecosystems.

The bottom line: - Shufti’s win validates a single-platform fraud strategy built for global scale, local compliance and faster-moving threats like deepfakes.