Shufti helps AZ eWallet speed customer onboarding in Kuwait

Shufti says it has partnered with Kuwait fintech AZ eWallet to automate identity checks, cut manual reviews and strengthen fraud prevention as the digital wallet scales. AZ eWallet passed 40,000 registrations in six months after launching in 2025 and is using the setup to support faster, compliant onboarding across its app.

Why it matters: - AZ eWallet is trying to balance fast growth with tighter identity, fraud and compliance controls as it expands in Kuwait. - Faster onboarding can improve conversion for a digital wallet, while stronger verification can help reduce synthetic identity and other fraud risks. - The partnership reflects how regulated fintechs are using automated verification to serve both banked and underbanked customers without branch visits.

What happened: - Shufti is providing identity verification and compliance tools for AZ eWallet eMoney Service Provider Co., a Central Bank of Kuwait-licensed electronic money provider. - AZ eWallet launched its product in 2025 and says it passed 40,000 registrations in six months. - AZ eWallet issues prepaid Visa cards across Kuwait and uses Shufti to verify new customers inside the onboarding flow. - AZ eWallet and Shufti said the companies will deepen their work as the fintech grows.

The details: - AZ eWallet offers money transfers, bill payments, virtual and physical Visa cards, salary and payroll services, domestic-worker accounts, QR payments, Ezee Link payment links, local transfers through a Personal Virtual IBAN and international remittances. - The onboarding flow uses digital identity verification, document verification, facial recognition, face matching, liveness detection, KYC verification, fraud prevention controls and customer onboarding verification. - The checks are designed to confirm identity in minutes, reduce manual review queues and detect fraudulent or synthetic identity attempts earlier in the process. - Shufti says the setup helps AZ eWallet avoid in-person branch visits for onboarding. - AZ eWallet Chief Executive Officer Abdulaziz Al Subaie said the partnership supports a seamless onboarding experience while maintaining compliance and customer trust. - AZ eWallet Chief Operating Officer Arunkumar Ranganathan said the solution helps streamline onboarding, strengthen fraud prevention and enhance the compliance framework.

Between the lines: - AZ eWallet said it chose Shufti not just for technology, but for the provider's willingness to work closely with operations, compliance and technology teams. - Shufti positions the relationship as a long-term engagement rather than a one-time deployment. - The companies expect to expand into enhanced fraud detection models, broader AML and sanctions screening, behavioural risk signals and device-based risk analytics. - That next phase suggests the partnership could move beyond onboarding into broader transaction-risk monitoring as regulations and fraud tactics evolve.

What's next: - AZ eWallet plans to widen the partnership as customer growth continues. - The companies expect more work on AML and sanctions screening, behavioural signals and device-based risk tools. - Shufti is encouraging other regulated businesses to explore its resource library at more information.

The bottom line: - AZ eWallet is betting that automated verification can help it grow faster without weakening compliance.