Shufti launches Glocal Platform for compliance teams

Shufti has launched the Glocal Platform, which combines identity verification and broader compliance management in a single system.

The platform is designed to cover the compliance process from sign-up and know-your-customer checks to authentication, anti-money laundering screening, ongoing monitoring and remediation. It is aimed at organisations operating across different regulatory regimes and industry sectors.

The launch targets a common problem for companies expanding into new markets, where compliance operations are often built through a patchwork of local vendors, separate software tools and multiple workflows. As a result, businesses may have to manage different application programming interfaces, contracts and billing arrangements across jurisdictions.

Developed in-house, the platform runs on a shared global infrastructure that can be adapted to local rules, document requirements and data handling expectations. The approach is intended for businesses seeking a single operating model while still meeting country-specific compliance demands.

Shufti cited markets including Japan, Gibraltar, Australia and Argentina to illustrate the range of jurisdictions it wants to serve through one platform. It said the system supports compliance strategies tailored to different customer journeys, business models and risk profiles.

The company has built its business around identity verification and fraud control for regulated sectors. It says it works with more than 2,000 organisations worldwide across financial services, fintech, telecommunications, foreign exchange, eCommerce, gaming and online marketplaces.

Shufti also says it supports identity verification across more than 240 countries and territories and processes more than 10,000 document types in more than 150 languages. It reported 99.7% optical character recognition accuracy across multilingual documents and non-Latin scripts, including Arabic, Devanagari, Chinese and Japanese.

That operational scale underpins the company's argument for bringing more of the compliance lifecycle into one environment. Rather than buying separate tools for onboarding, document checks, screening, authentication and monitoring, businesses are increasingly looking for fewer systems that can work across borders while reflecting local regulatory demands.

A central issue for multinational companies is data sovereignty, particularly where identity data must be stored or handled in line with local law. Shufti said the platform is designed to support those requirements, allowing organisations to align identity data handling with local governance and regulatory expectations.

In comments accompanying the launch, the company pointed to what it described as fatigue among compliance teams managing fragmented systems. It said a one-platform model could reduce some of the operational burden linked to running multiple vendors and disconnected integrations.

"After working with 2,000+ organizations worldwide, we saw the same challenge: businesses needed compliance technology that could adapt as they grew," said Shahid Hanif, Chief Executive Officer, Shufti.

"We built the Shufti Glocal Platform to end that trade-off. Whether a company is expanding into a new jurisdiction or launching a whole new line of business, it should not need anyone else. Shufti is with you from the first sign-up to the last, in every market you enter. Global reach and local precision, one platform for your entire compliance lifecycle," said Hanif.

Market pressure

The compliance technology market has become more complex as regulators demand stronger identity checks, tighter anti-fraud controls and closer monitoring of customer activity. Companies operating internationally often face differences in acceptable identity documents, verification methods, language support and reporting duties, making standardised compliance systems difficult to use across regions.

That has created an opportunity for providers that can offer broader geographic coverage while allowing local adaptation. In practice, that means supporting many document formats, languages and workflows while also handling varied rules around onboarding, authentication and suspicious activity screening.

Shufti said its in-house technology allows the platform to evolve as customers' compliance requirements change. It presented that flexibility as important for firms entering new markets or adding new lines of business, where risk controls may need to be adjusted without replacing existing infrastructure.

Single stack

The company said a unified compliance foundation can help reduce the cost and complexity of maintaining several integrations and supplier relationships. For many businesses, the practical challenge lies less in any single identity check than in coordinating the wider chain of onboarding, verification, monitoring and remediation across several systems.

Hanif said this is where the company sees demand shifting. "Most teams we talk to are tired of running five vendors just to cover a handful of regions. When onboarding, authentication, monitoring and remediation all sit in one place, compliance gets simpler and a lot more certain. That is really what going glocal means for our customers," said Hanif.