Shifara Samsudeen, ACMA, CGMA

LightStream Research

Private Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shufti-pro-limited" target="_blank" data-smartkarma-citation="entities:35957:1" rel="noopener">Shufti Pro (1988739D LN)</a> provides AI-based identification verification solutions offering real-time global identity verification for KYC/AML and KYB compliance.</li>
<li>In 2020, the company grew its revenue by over 100% due to strong adoption skills and flexibility allowing to capture the growth in demand due to the COVID-19 pandemic.</li>
<li>While flexibility helps Shufti Pro stand out from competitors, global expansions, growth in identity fraud and a number of strong partnerships would drive company revenues over the medium-term.</li>
</ul>

<ul>
<li>
<a href="https://www.smartkarma.com/entities/trunomi-inc" target="_blank" data-smartkarma-citation="entities:35961:1" rel="noopener">Trunomi (1314065D BH)</a> is a customer consent and data rights management platform whose unique ability is proving compliance to various data protection regulations without seeing or storing customer data.</li>
<li>The introduction of the EU GDPR was one of the company’s key drivers and many countries are now introducing similar data protection regulations.  </li>
<li>A number of growing technologies such as Smart technologies and ad-tech would act as further drivers.</li>
</ul>

<ul>
<li>
<a href="https://www.smartkarma.com/entities/continuity-control" target="_blank" data-smartkarma-citation="entities:35959:1" rel="noopener">Continuity Control (0058892Z US)</a> is an on-demand portal for policy management also providing an auditing program for banks and fintech companies.  </li>
<li>In December 2021, the company was acquired by Mitratech (a global technology partner for corporate legal, risk and compliance and HR professionals), for an undisclosed amount.</li>
<li>The amount of regulations continues to increase and growing deposits mean that quick strategic decisions need to be taken, with which Continuity’s products will aid.</li>
</ul>

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hummingbird-technologies-ltd" target="_blank" data-smartkarma-citation="entities:35956:1" rel="noopener">Hummingbird Technologies (1681343D LN)</a> allows companies without easy access to IT or engineering resources carry out anti-money laundering practices.</li>
<li>Unmet demand in the AML market, strong partnerships and expansion to new markets are expected to act as key drivers.  </li>
<li>The company claims to allow clients reduce investigation and reporting times by 70-90%.</li>
</ul>

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sift-science-inc" target="_blank" data-smartkarma-citation="entities:35958:1" rel="noopener">Sift Science (0747031D US)</a> uses machine learning to help companies with detecting fraud, fake accounts and money laundering.  </li>
<li>The company’s business is claimed to have tripled since 2018.</li>
<li>The growth of internet crime and increasing account takeover fraud will act as drivers for the company.</li>
</ul>

United Kingdom

Shufti Pro Limited provides artificial intelligence powered identity verification and AML screening services. The Company offers age and address verification, facial biometric authentication, video interview KYC, and other related services. Shufti Pro operates worldwide.

Shufti Pro - 1988739D LN

Description