Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Winter is Coming: With a Storm of KYC and AML Regulations
The ever-evolving regulations are creating challenges and complexities for the financial institut...
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Blog
Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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Blog
CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks
With the increased risk of financial crime, banks and other financial institutions within a state...
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Blog
Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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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, Online Marketplace
The Importance of Know Your Customer for Crowd Funding and ID Verification Service
In today’s world where most business and financial transactions are taking place online, the impo...
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Blog
A Detailed Insight Into Australia’s Gaming and Gambling Regulations
In recent years, the online gaming and gambling industry has experienced significant growth as te...
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Blog
The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification
Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...
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Blog
Top 5 Most Common Identity Fraud Attempts in 2021
Fraudsters in the post-pandemic world took complete advantage of rapid digitization. Bad actors b...
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Blog
The Role of Biometrics in Combating Money Laundering and Identity Fraud
The fast-paced growth of biometric technology and its widespread adoption in the financial and he...
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Blog
Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update]
The United Arab Emirates (UAE) has become the world’s most exotic and well-reputable financial hu...
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Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs
According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...
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Warning Signs of ICO Scams and the Role of Identity Verification Service
If you have heard of Bitcoins and cryptocurrencies then you must have heard of ICOs or Initial Co...
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Blog
What You Need to Know About Switzerland’s Crypto AML Rules by FINMA
Switzerland is historically famous for being a global hub for gold. However, the new digital gold...
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Blog
EU’s Upcoming Regulation for Cryptocurrency ‘Wild West’
The use of cryptocurrencies as an integral part of criminal schemes is growing immensely. However...
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Blog
Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]
Since the last decade, governments and financial institutions have been trying to limit corruptio...
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Blog
Fintech 2021: KYC/AML Bringing New Innovation to the Table
2020 was all about surviving the pandemic, but it has also kickstarted a new wave of innovation. ...
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Blog
China’s AML Framework and Regulatory Highlights of 2022
China has been fighting against money laundering and terrorism financing for a number of years.
A...
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Blog
KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets
As more and more countries had to enforce lockdowns because of the pandemic, remote working and d...
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Blog
Blockchain Technology and KYC for Crypto Exchanges – How Shufti Can Help
KYC compliance is the backbone of the Anti-Money Laundering (AML) measures implemented by any fin...
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Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector
Banks are thought to be the most important part of the financial system, playing a vital role in ...
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Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes
Emerging technologies and digitization are transforming the investment sector, creating opportuni...
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Blog
Biometric Authentication is Smart but AI Makes it Smarter – Here is How
In the ongoing digital age security is a top priority concern of any organization. Data is a maj...
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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
What You Need to Know About Switzerland’s Crypto AML Rules by FINMA
Switzerland is historically famous for being a global hub for gold. However, the new digital gold...
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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
Mobile Payments – Way of the Future or a Fad of the Digital Age?
Are we moving towards a world where retailers may one day say “We don’t take cash”? As mobile pay...
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Building Trust in Health and Telemedicine Services With Shufti’s Facial Biometric Verification Solution
Telecommunication technology in the healthcare industry is already widely used and is expanding t...
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Blog
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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Blog
AML Screening – Revealing the True Identities of Ultimate Beneficial Owners in Businesses
Hiding the Ultimate Beneficial Owners (UBOs) behind a business is never a good sign. However, som...
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Blog, Fraud Prevention
Internet of Things: B2B IoT Segments about to hit $300 Billion by 2020
The Internet of Things is growing exponentially with respect to its usage and capabilities. A who...
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Blog
Online Dating Scams – ID Verification Solution to the Rescue
COVID-19 exposures and its associated risks with today’s in-person meetups and traditional ...
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Blog
The Significance of Age Verification in the Digital Space
With the innovation of technology, digital services among younger audiences are becoming increasi...
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Blog, Financial Crime / AML
AUSTRAC tightens regulations for enhanced AML Compliance
Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...
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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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Blog
Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification
In today’s digital age, businesses must have a robust identity verification system in place...
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Blog
UK’s Digital Identity Framework – Cornerstone of Reliable ID
In today’s technology-driven era, digital identity is becoming inevitable. Physical interactions ...
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Blog
KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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Blog
7 Trends in Identity Verification Solutions to look for in 2020
Internet is an anonymous space where people can hide their identities and come up with bizarre ps...
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Blog
The EU’s New AML Proposal, What’s in Store?
To strengthen the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...
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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
Shell Companies and Money Laundering: How to Combat Them?
Shell companies are notorious for all the right reasons. These entities often called ghost compan...
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Blog
Designing a Risk-free Customer Onboarding Flow for the Freelancing Industry
Freelancing websites saw an increased demand during the pandemic, and the trends continued to ris...
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Blog
The Trade-off Between Fraud Losses and Compliance Costs in the Banking Sector
The modern era’s demand for digital-first services in sectors ranging from e-commerce, online dat...
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Blog, Online Marketplace
Secure Online Gambling through Identity and Age Verification
Gambling is a very profitable business for big players and owners alike. According to research, t...
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Blog
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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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
Global Economies are joining forces with FATF against money laundering
Financial Action Task Force (FATF) has been very keen on eliminating financial crime (money laund...
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Blog
The Reality Behind Money Laundering through Environmental Crimes
Environmental crimes are among the most prevailing and profiting offenses present in the world. C...
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Blog
China’s Data Protection and Privacy Laws | 2023 Update
China has witnessed massive growth in the last few decades. However, the rise of the digital econ...
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Blog, Financial Crime / AML, Identity & KYC, Reg Tech
Significance of AML Compliance in Money Services Business
The financial sector landscape is evolving with the advent of the FinTech industry. Many revoluti...
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Blog
Verifying Donors and Origins of Charitable Funds with Identity Verification
Like any other financial institution, charity organisations are also equally vulnerable to moneta...
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Blog
Deutsche Bank’s Epstein Fine – Lesson for Financial Institution
High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...
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Blog, Financial Crime / AML, Online Marketplace
Smaller Banks are in dire need of AML Compliance to avoid fines
Smaller banks are being considered an easy target for money laundering activities because of thei...
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Blog
May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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Blog
Keeping AI Bias Out of the IDV Game with Shufti
Consider this: 85% of financial institutions today use some form of AI in their products. The tec...
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Blog
Travel Fraud and the Crucial Role of e-IDV
The travel sector is booming in this age of digitisation, and air travellers are estimated to dou...
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Blog
Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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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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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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Blog
Top 5 Cryptocurrency Trends to Look Out for in 2023
2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...
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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
KYC and Blockchain – The Foundation of a Secure Crypto Landscape
Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...
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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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Biometric Technology, Blog
How eIDAS compliance is easier with Biometric Consent from Shufti pro?
Biometric consent authentication is a brand new verification solution from Shufti, using an i...
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Blog
A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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Blog
Top 5 Industries that AI will Transform in 2021
Artificial intelligence is becoming a comprehensive and encyclopedic term to describe any innovat...
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Blog
Transaction Screening: The Benefits and Challenges
Financial crimes are rising, wreaking havoc on organisations and individuals. The fraud rate has ...
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Blog
AML Screening – Combating Money Laundering in Luxury Vehicle Dealings
Financial criminals usually look for priceless items like art, antiquities, as well as luxury veh...
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Blog
Age verification regulations demanding better compliance from businesses
“Youth is the hope of our future.” Jose Rizal
It is no secret that the youth is a valuable asse...
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Blog
A Comprehensive Guide to KYC and AML Regulations in the UK
The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...
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