Blog
Synthetic Identity – A New Form of Identity Fraud for 2019?
Synthetic identity fraud (SIF) is a comparatively new form of identity theft that has gripped the...
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Blog, Identity & KYC
Digital KYC Streamlines Customer On-boarding Process
Shufti brings forth digital KYC verification services to perform identity verification proces...
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Blog
Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction
There is a surging demand for swift and remote identity verification methods in our digital world...
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Blog
Age Verification – Ensuring the Protection of Minors on Digital Platforms
In today’s technologically advanced era, digital products and services have transformed the way s...
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Blog
Europol launches European Financial and Economic Crime Center (EFECC)
Financial and economic crimes are today the leading threats that are affecting millions of EU cit...
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Blog
Identity Fraud and Risk Assessment: An Ultimate Guide for 2023
Customer onboarding and business relationships always come with associated risks that must be han...
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Blog
How Online ID Verification Supports Age-restricted Sellers?
The online stores selling age-restricted products like gaming services, medicine or drugs are in ...
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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
Deepfakes: AI Fraud Attacks Require Even Smarter AI Countermeasures. Now.
Verifying identities with advanced biometrics was already a challenge—then along came AI-generate...
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Blog
FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives
The fourth plenary meeting of the Financial Action Task Force (FATF) took place from June 20-25 t...
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Blog, Online Marketplace
KYC Services and AML Compliance Services for Forex Industry
Forex Industry stands to benefit a lot by incorporating KYC services in addition to AML Complianc...
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Blog
The Crucial Role of Face Liveness Check in Fintech
Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...
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Crypto Regulations 2021 – The Updated Compliance Regime in France
Within the last two years, France’ cryptocurrency landscape has experienced significant milestone...
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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
Top 10 Forged ID Documents on the Dark Web in 2023
As criminal activity increases every year, the massive amounts of data being uploaded to the inte...
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Blog
How Optical Character Recognition is Changing the Financial Industry
Banking and other financial services are the world’s most closely watched and strictly gove...
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Blog
AML and KYC Compliance – Big Data Optimising the Regulatory Landscape
Today, different sectors face an influx of user data that they need to process and analyse. To de...
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Blog
Curbing Real Estate Crimes and Hunting Down Russian Investors with Shufti’s AML Screening Solution
The real estate industry has become attractive to money launderers in the same way it is to any l...
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Blog
A Detailed Insight into Due Diligence for SMEs in Europe
Recent developments in due diligence legislations have prompted debate on SMEs being subject to t...
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Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping
The proliferation of online stores has radically transformed how people shop and greatly affected...
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Blog
AML Compliance – Addressing the Threat of Money Laundering in NFT Marketplaces
The NFT marketplace is flourishing even though the top platforms do not always comply with Anti-M...
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Blog
New Regulatory Initiatives to Revamp the US Crypto Landscape
With digital currencies gaining prominence, the US financial landscape has seen major transformat...
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Blog
Top 5 Reasons Why Businesses Need Transaction Monitoring Solution
Companies are moving towards digitisation, meanwhile, cybercriminals are mastering the art of exp...
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Blog
Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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Blog
Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks
The AI revolution has enabled businesses to leverage the power of technology in KYC verification....
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Blog
Top 5 Technologies Disrupting the Healthcare Sector
Within the next five years, experts are anticipating major technological disruption in the 808 bi...
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Blog
Money Laundering & Cybercrime on DeFi Platforms – Ensuring KYC/AML Compliance
As a result of rapid digitization and the emergence of decentralized services, the financial mark...
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Blog
KJM Age Restrictions Breaking New Grounds for Gaming Industry
Minor protection has become a challenge for everyone these days. Parents are worried about the ty...
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Blog
Fighting Financial Crimes and Securing Gambling Services with Shufti’s AML Screening Solution
Historically, the measures to curb money laundering and terrorist financing had only been only im...
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Blog, Financial Crime / AML
What is PEP Compliance and Why do Financial Institutions Need it?
For Politically Exposed Persons (PEPs), an inter-governmental body established in 1989, Financial...
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Blog
The Future Of the Financial Sector in the Gulf Region
Digital transformation, that has undoubtedly disrupted numerous industries worldwide, has reached...
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Blog, Identity & KYC
KYC Compliance – Strengthening Fraud Prevention Across the Globe
Know Your Customer (KYC)
The widespread availability of the internet has made our world more con...
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Blog, Identity & KYC
CRA Looking to Launch Digitally Secure Ways with Identity Verification Services
Canada Revenue Agency or CRA in collaboration with an identity verification service called Secure...
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Blog
Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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Blog, Identity & KYC
Merchant Identity Proofing: Building Strong B2B Relations
Identity Proofing: The success of e-commerce has been very remarkable. It is expected that global...
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Blog, Identity & KYC
ICOs and KYC Compliance
With the surge in digitalisation of payments and crowdfunding; the need to set proper standards f...
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Blog, Online Marketplace
Ride Sharing Services and ease provided by KYC Services
Ride Sharing services might be the hottest form of transportation especially in developed countri...
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Blog
How Optical Character Recognition Improves the Process of Identity Verification for Businesses
Evolving technologies have created a competitive market where every business strives to optimize ...
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Blog
Cross-Border KYC Compliance | Understanding and Overcoming the Challenges
To handle money laundering incidents and rising regulatory pressure, the banking industry benefit...
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Blog, Fraud Prevention
Account Takeover Frauds – Impact, Causes, and Prevention
Living in the era of technology, the world is rapidly moving towards digitization. From banking i...
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Blog
High-Risk Customers in Banking and How EDD Can Help Identify Them
In this age of digitisation, banks and other financial institutions face a high risk of money lau...
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Blog
Anti-Money Laundering (AML) Solutions – Securing Luxury Goods and Curbing Financial Crimes
Exotic cars, designer clothes, artifacts, and private jets make attractive news headlines and mov...
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Blog
The Benefits and Best Practices of Deploying Facial Recognition in the Workplace
With the rapid shift towards digitisation, keeping track of the most recent technological develop...
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Blog
Digital KYC to Trace and Tackle High-Risk Customers
Customers are the assets and building blocks of any business. Customers are responsible for takin...
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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, 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, Online Marketplace
How Mobile KYC will revolutionize the Digital World?
Mobile KYC is the next frontier in Identity Verification services allowing greater access to busi...
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Blog
Fight Fraud Proactively and Reduce Fake Customer Accounts With Shufti’s AI-powered ID Document Forgery Detection
Bank statements, land documents, and social security checks are frequently forged. Document forge...
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Blog
40 recommendations of FATF – Shaping the future of your business
Financial Action Task Force or simply FATF is an active global authority that never fails in surp...
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Blog
Money Laundering in the Metaverse – NFTs, DeFi, and the Role of Shufti’s AML Solutions
For more than a decade, the metaverse concept has been picking up pace, and the world is preparin...
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Biometric Technology, Blog
How Liveness Detection is an apt Answer for Facial Spoof Attacks?
The world went haywire on the launch of the new iPhone X; well, to be honest, when does it not? H...
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Blog
Know Your Business – What Does it Mean & How can it Protect Your Company?
Businesses that offer their services to other businesses, instead of individual consumers, have t...
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Blog
Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say?
While addressing AML/CFT requirements for cross-border payments, the global financial watchdog, F...
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Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
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Blog
e-IDV: Improving Client Onboarding for Banks and FinTech
Individuals and business owners often face significant time constraints when visiting banks physi...
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Blog
Shufti’s AML Screening Solution – How to Comply with Germany’s AML Regulations
The stability of the global economy is at risk pertaining to the rapidly growing issues of money ...
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Blog
Healthcare Industry and Prevailing Crimes – What Shufti Can Offer
Over the recent years, the medicare industry has completely transformed, and emerging innovations...
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Blog, Identity & KYC, Reg Tech
RegTech: The Case for Financial Inclusion
The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...
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Blog
EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age
With technological advancement, hackers are also becoming smarter to bypass verification processe...
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Blog
A Deep Dive into Know Your Business Verification
Customer verification is essential for all businesses to onboard legitimate customers, but what a...
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Blog
Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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Blog
Digital Passports Driving the need for Biometric Verification at Airports
Digital or chipped biometric passports have automated the verification process at airports. The e...
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Blog
Identity Proofing – 7 Reasons Why Businesses Need it Now!
Modern-day cyberspace has effortlessly diminished the boundary between the real-life and digital ...
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Blog
Effectiveness of the UK’s Economic Crime Bill in Combating Financial Crime
The Russian invasion of Ukraine has resulted in a surge in financial crimes in the UK as Russian ...
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Blog
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
Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer
From the world’s glitziest gaming development to betting shops on the high streets, the global ga...
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Blog
Identity Fraud on Social Media Platforms – How Shufti Keeps Fraudsters at Bay
With almost 70% of the world’s population interacting through social media platforms, businesses ...
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Blog
The Power of Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations
Over the recent years, the employment industry has undergone significant changes, from mass offbo...
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Blog, Online Marketplace
Why age verification matters to online businesses?
Identity verification services are fast becoming a business norm for companies that are enthusias...
Blog
Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK
As the holiday season approaches, we often reflect on how we can give back to our communities. Th...
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Blog
Fintech Compliance – Boogeyman for Trillion Dollar Industry?
Fintech industry is flexing its muscle by bringing onboard more and more customers and innovating...
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Blog
Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners
Partnering with the right people who can actually help your business grow is quite a tedious task...
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