Risk Assessment
In the verification industry, most providers offer a simple accept or decline decision without delving into the underlying risk factors. This limited approach leaves merchants in the dark about the true reasons behind a decline and whether a declined customer poses a real risk. In the verification industry, most providers offer a simple accept or decline decision without delving into the underlying risk factors. This limited approach leaves merchants in the dark about the true reasons behind a decline and whether a declined customer poses a real risk. Shufti revolutionizes this process with its comprehensive Risk Assessment feature. Empowers merchants to understand the actual risk level of each customer, enabling more informed decision-making without additional costs or integrations, this advanced tool operates seamlessly with pre-set rules managed from the backend. Whenever a customer undergoes KYC, Shufti automatically computes a risk score upon triggering any fraudulent rule.
- Actionable Data: Understand the reasons behind declines, whether due to soft errors or fraudulent activity, allowing for better decision-making and customer engagement.
- For Example, A User provides document proof of someone else to bypass the verification process but gets declined on “Face proof is not matched with the face on the document”. Such users are fraudulent and high-risk users.
- Comprehensive Coverage: Our risk assessment covers various data points, including email, IP, and phone data, though charges may apply for these insights.
- Detailed Risk Insights: Access generated risk scores and triggered rules for each verification, providing a clear understanding of associated risks.
This feature is integrated with all IDV requests by default, requiring no additional configuration. Merchants can leverage comprehensive risk assessments effortlessly, without any extra setup or effort.
