Blog, Fraud Prevention
Looking for Online Fraud Prevention: Here Is What You Can Do
In an increasingly digital world, it is extremely important for online businesses to identify fra...
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Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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Identity Verification making online dating platforms secure
The expansion of the internet and mobile devices has led to the rapid adoption of online dating. ...
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Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Healthcare is Under Attack: Strengthening Security with Biometric Verification
Healthcare scams cost our economy tens of billions of dollars every year and the lowest value of ...
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KYC Regulations Across the Globe | An Updated Guide 2023
The global financial industry finds it hard to meet compliance and secure sensitive cus...
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Blog, Reg Tech
How Identity Verification Services make Regulatory Compliance Easier?
Financial institutions and banks have ended up in a loop of dumping billions of dollars because o...
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5 Ways Facial Biometric Technology Elevates Customer Retention
Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...
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How Global AML Regulations Safeguard Financial Processes from Money Laundering
Growing a business in any part of the world requires effective AML compliance measures as a neces...
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Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
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Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19
Coronavirus took the world into clutches forcing people to adopt isolation and businesses are com...
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Enhancing security in the cryptocurrency world with KYC verification
Almost 20 years after the legislation on combating money laundering, regulators around the world ...
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Blog, Online Marketplace
Industrial significance of KYC / AML Compliance in 2019
As the type and amount of fraudulent activities have increased over the years, governments and re...
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Perpetual KYC – Securing Businesses through Continuous Identity Verification
With regulatory scrutiny increasing globally, failures or loopholes in security systems pose a si...
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AML/KYC 2020 – how 2019 changed the landscape of global regimes?
Copy pasting your 2019 AML/KYC compliance strategy to 2020 plan will not do the job. Businesses n...
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An Insight into Money Laundering Through the UAE’s Gold Industry
Since the beginning of time, gold has been considered a medium for payment and trading with its e...
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Anti-Money Laundering (AML) Solution- Eradicating Money laundering and Securing Ride-Hailing Services
Due to the coronavirus global pandemic, the ride-hailing sector continue to grapple. As per new e...
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Cybersecurity vs User Experience – Knowing the Art of Balancing
Several years of debate between cybersecurity and customer experience has driven most people craz...
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Blog, Business Technology
Why have IPOs started Implementing Digital KYC?
Have you heard the phrase “I’m afraid we have to go public Mark”, well then you are on right page...
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Expanding and Securing Financial Services with Shufti’s Video KYC Solution
In recent years, Know Your Customer (KYC) has gone through significant digital transformations. B...
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Blog, Business Technology, Online Marketplace
Asian Banks push for greater Fintech to cut down AML Compliance cost
Asian Banks are now asking their regional and national regulators to allow more fintech in order ...
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Blog
Liveness Detection and IDV: An Overview of Biometric Facial Recognition
Identity fraud and cybercrime have significantly surged in the past few years. Deepfake technolog...
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Identity Verification Forecast: How Will KYC Evolve in 2023?
As the world becomes more digital, scammers are honing their craft and employing trickier techniq...
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Blog, Identity & KYC
4 Ways KYC Banking Regulations are Shaping the Future
Know Your Customer (KYC) regulations are vital for the banking system. Money laundering, depositi...
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Blog, Business Technology, Fraud Prevention, Identity & KYC
Face Verification – One Solution for Several Identity Frauds
Biometrics is the technology that verifies the unique personality traits of a person to identify ...
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More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans
Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...
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COVID-19: An opportunity for financial sector to expand digital transformation
A sudden epidemic swept across the world, and it had an impact on our lives, work, and even the p...
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Top 7 Gambling Trends to Look Out for in 2023
Going from a few billion dollars to over $81 bn in a matter of a decade is astronomical for any i...
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Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution
Investing the accumulated capital of investors in financial securities is the primary task of inv...
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Blog
A Brief Overview of the RegTech Industry [2022 Update]
The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...
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How Shufti Identity Verification User Experience Impacts Business Outcomes
User experience (UX) isn’t only about design or even metric-driven decision making. It’s a busine...
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Balancing UX and Security in the Finance Sector with Biometric Authentication
The global coronavirus outbreak transformed financial operations and forced retailing banks to te...
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Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status
Proof of income is a vital requirement in many financial and professional contexts. Recently, the...
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ID Verification for Ultimate Subscription Fraud Prevention
Cellular phones were first introduced in the consumer market in 1973 when Motorolla first introdu...
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Blog
Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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FINTRAC Amends PCMLTFA – More AML Requirements for Reporting Entities
The rise in money laundering, terror financing and other financial crime has encouraged regulator...
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Blog
Digital KYC – Protecting All Generations from ID Fraud
From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...
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Blog
KYC Trends To Watch Out For In 2024
Within the last year, there has been significant transformation in the global identity verificati...
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The US Corporate Transparency Act – What’s New? [December 2022]
Generally, small to medium businesses in the US continue operating without disclosing the benefic...
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Financial Crimes and Romanian AML/KYC Landscape – How Shufti’s AML Screening Can Help
Since the coronavirus outbreak, people worldwide have experienced things that no one could have a...
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Identity Verification – Combating Fraud in the Telecommunication Sector
Developing technology, rapid growth in digitization, and increased use of digital transactions ha...
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Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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Blog
OCR Reader | How Does it Streamline the IDV Process?
The unprecedented growth in business automation has created a competitive market where businesses...
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Blog, Business Technology, Identity & KYC
The Reason Why Companies Painstakingly Screen Customers
Remote identity Proofing: generally believe that more customers bring more revenue. But that is ...
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Blog
Know Your Donor (KYD) for NPOs – Red Flags that Charities Need to Consider
Like every other sector, non-profit organizations and charities are also vulnerable to financial ...
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Blog, Identity & KYC
Fathoming Financial Inclusion, Innovative KYC Solutions, and Integrity
Identity – ensures active participation of an individual in social, political and economic ...
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Blog
A Brief Insight into Crypto Regulations in the Asia-Pacific Region
The Asia-Pacific region is one of the areas with the highest rate of crypto adoption. Considering...
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Blog
An Insight into AML Compliance in the Financial Sector [2022 Update]
The increasing global attention towards anti-money laundering (AML) and countering the financing ...
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Blog, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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Blog
Key Takeaways From Shufti’s ID Fraud Report 2021
The year 2021 was all about determining and reducing the growing number of biometric identity fra...
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Blog
Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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Blog
Analyzing and Balancing the Variables of an Effective Identity Verification Solution
Today’s constantly transforming digital landscape where technology empowers businesses fast-paced...
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Blog, Online Marketplace
7 Identity theft protection practices for Business and Recuriters
Identity theft is now no more a cause of concern for the individual users only as corporations an...
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Blog
Industries that Need Digital Identity Verification and Why?
With continuous improvements in technology, different industries of the world are streamlining th...
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Antiquities Market – A Conduit of Money Laundering and Terror Financing
Money laundering and terror financing through art and antiquities has been a concern of regulator...
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Blog
40 Surprising Facts and Statistics About Money Laundering [2021 Update]
Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...
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5 Technology Trends To Disrupt Banking in 2020
Living in the digital era, technology is driving major changes in almost every industry. Whether ...
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Crypto 2021: The Rapidly Emerging Context of Virtual Currencies
Cryptocurrency is in the limelight since the advent of Bitcoin in 2009. Investors like Tesla Inc....
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The Most Common Cryptocurrency Scams and the Role of e-IDV
Cybercrimes and scams are rampant across the digital space, and cryptocurrency is no different. W...
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Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes
The increased reliance on digital banking and the advent of virtual currencies in today’s d...
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Blog
KYC Isn’t Enough: Get Ready for the Future of Verification
Over the past few years, companies have been looking for more sophisticated identity verification...
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Blog
Stablecoin Market and the Role of AML in Safeguarding Digital Finance
With the rapid expansion of the cryptocurrency market, stablecoins have swiftly emerged as a popu...
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Blog, Business Technology, Financial Crime / AML, Identity & KYC, Online Marketplace
Know Your Business: The Next Step in Identity Verification
The complex regulatory environment and increased exposure to illegal activities indicate that bus...
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Blog, Financial Crime / AML
South Korea want Crypto Exchanges to adopt Digital KYC and AML Compliance
South Korea is soon going to adopt regulatory measures to bring in crypto exchanges under regulat...
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Blog, Online Marketplace
12 Ways Identity Verification Services Helping Online Businesses
The online marketplace has a culminating presence in the business world. Worldwide e-commerce sal...
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Blog
Identity verification in freelancing- no more smoke and mirrors
Freelancing platforms are rapidly growing. In 2017, around 57 million Americans were freelancing ...
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The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution
The digital world is evolving at a greater pace than ever before. The Metaverse is considered a d...
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Blog
Video KYC: Taking Traditional KYC to the Next Level
Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...
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Blog
High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?
In today’s continuously evolving world, businesses should not only focus on the revenue they gene...
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Blog
6AMLD of EU – A detailed insight
European union’s another anti-money laundering directive is in the pipeline. And this time the un...
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Blog, Online Marketplace
How AI is Transforming Fraud Prevention in the Healthcare Industry
KYC For HealthCare: Fraud is so common that there is hardly any industry that hasn’t had to bear ...
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Blog
Intelligent Character Recognition: How it Drives the Industry with a Breeze
Data is the nucleus of any business and how efficiently it is processed is the key to digital tra...
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