Blog
AML Compliance and Digital Banks – Understanding the Evolving Regulatory Landscape
The emergence of new technologies in FinTech, increasing use of digital currencies, and alternati...
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Blog
The Top Customer Onboarding Tips for Businesses
Today every business is competing to boost their retention rate and offer their audience a secure...
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Blog, Online Marketplace
How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace?
The affliction of cybercrimes and online frauds has reached such high proportions that the cost o...
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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
Facial Recognition | The Principles of Responsible Use and the Legal Landscape
One of the most popular uses of AI nowadays is facial recognition. In all likelihood, it’s ...
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Blog
Identity Verification Services — Fueling the Demand for Safe Gaming Experience
Modern gaming is the most recent evolution of online games that has enchanted gamers across the g...
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Blog
How Will Simplified Due Diligence SDD Help Industries in 2024?
For businesses, the due diligence process is an integral part of the Know Your Customer programme...
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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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Prevailing Crimes in Metaverse – How Shufti’s IDV Solution Can Help
Metaverse is a virtual space where people belonging to the same or different physical regions can...
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Blog
Digital Document verification – an efficacious method of ID card scanning
Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...
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Blog
Know Your Patient – Curbing Healthcare Fraud through Identity Verification
With global digitization and emerging technologies, the healthcare sector has adopted a variety o...
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Blog
Shufti Celebrates 5 Years of Innovation in the IDV Industry
October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...
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Blog
Document Authentication | Streamlining Onboarding, Compliance & Fraud Prevention
Before the world experienced digitisation due to the advent of smartphones, fast-speed internet, ...
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Biometric Technology, Blog
Warning: You’re Losing Money by not Using Biometric Identification
On the surface, Biometric Identification might seem as if it’s only useful for opening your bank ...
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Blog
Securing Identities with Photo ID Verification
ID verification has seen unprecedented growth not only in the processes but also in the crime com...
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Blog
Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)
During the last few decades, the financial industry has altogether revolutionized, and digital tr...
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Blog
Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help
Since the start of civilization, humans have used money in several different ways, and throughout...
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Blog
Strong Customer Authentication (SCA) – Factors, Methods, and Benefits
In Europe, new customer authentication requirements for online payments were introduced on Septem...
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Blog
e-IDV: Safeguarding Businesses and Customers in the Digital Age
Identity theft cases are on the rise in this age of digitisation. In 2022, India topped the list ...
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Blog
KYC and AML Compliance – Addressing the Challenge of Money Laundering in Online Trading Platforms
An online trading platform is a program where shareholders and traders deal through financial int...
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Blog
Adverse Media Screening Requirements and Why Do FIs Need It?
The financial services industry is under a lot of regulatory requirements recently, and for all t...
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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
AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses
There are approximately 77 challenger banks in Europe alone, the best range amongst the other reg...
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Blog
June 2023 Recap: Major AML Violations and How Can Shufti Help
In global financial systems, the increasing frequency of Anti-Money Laundering (AML) violations h...
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Blog
The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud
Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution....
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Blog
Facial Recognition to Reshape the Retail Industry in 2020
The explosion of facial recognition technology in our smartphones – for instance in iPhone ...
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Blog
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
Healthcare is the New Target of Criminals – What’s the Solution?
The healthcare sector has been facing many challenges due to coronavirus pandemic. Cybercrimes ha...
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Blog
Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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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
6 Upcoming Trends In Blockchain And Cryptocurrency For 2021
2020 was unlike any other year. It was chaotic, happening, and has finally come to an end.
In the...
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Blog
A Brief Insight into Social Media Scams – How Shufti’s IDV Solution Helps
There is no doubt that social media has its benefits in contemporary times. With the growing tech...
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Blog, Financial Crime / AML
3 Stages of money laundering – How AML screening guards your business
The United Nations Office on Drugs and Crime found that 2 to 5% of global GDP is laundered every ...
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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
Don’t Need AML Compliance? Think Again!
The majority of the businesses believe that they do not need to comply with AML regulations at al...
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Blog, Financial Crime / AML
AMLD5 Amendments in Prepaid Cards Transaction Threshold
In July 2018, the European Commission came into effect the 5th Anti-Money Laundering Directive (A...
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Blog
The Growing Risk of Wash Trading and Money Laundering – How Shufti Can Help
The Non-Fungible Token (NFTs) market exploded last year and became one of the most popular buzzwo...
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Blog
Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers
Business relationships always come with associated risks that require carefully implemented measu...
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Blog
5 Ways How Online Age Verification Promises Growth for the Gaming Industry
The online gaming industry is booming since the last few years. Due to the pandemic, the trend fo...
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Blog
AML Screening – Securing Alternative Payment Market and Overcoming Prevailing Risk of Crimes
Escalating demand for innovative, new, and robust alternative payment options across the world is...
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Blog
Biometric Authentication | Understanding the Significance of Facial Recognition
Data security and identity verification have come a long way since the inception of knowledge-bas...
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Blog
How Age Verification Protects the E-commerce Industry From Potential Risks
Online shopping has become the new normal since the COVID-19 pandemic struck. With digital produc...
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Blog, Identity & KYC
Employees’ Digital Identity Verification for Remote Hiring
With the age of technological advancement, the world is becoming a heavily connected global villa...
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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
Top Cryptocurrency Trends to Look Out for in 2022
2021 has been a remarkable year for cryptocurrency as because of COVID-19 outbreak crypto industr...
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Blog
July 2023 Recap: Major Compliance Events and How AML Verification Can Help
Anti-Money Laundering (AML) violations pose a substantial and concerning threat to the reliabilit...
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Blog
Navigating the Changing Digital Finance Landscape 2023
The financial services sector has witnessed a rapid surge in the adoption of digital technologies...
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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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Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech
EU’s Sixth Anti-Money Laundering Directive (AMLD6)
Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...
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Blog
Securing Business Operations with Risk Assessment
The increasing connectivity and dependence of the world on technology have led to a rise in sophi...
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Blog
Designing for the World: UX, Automation & Inclusivity with Lisa Kleinman
About Lisa Kleinman
Dr. Lisa Kleinman, Ph.D. is a UX leader, researcher and design strategist who...
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Blog
Open Banking Trends & the Vitality of Identity Verification
With rapid digitisation, open banking is becoming the new normal in the banking sector. Open bank...
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Blog
Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Blog
5 Best Practices to Combat Identity Fraud on Social Media Platforms
Social media has demonstrated extraordinary growth in the past decade as a result of improvements...
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Blog
Face Spoofing & Liveness Bypass: The Real Threat to Facial Recognition
With the introduction of facial recognition, authentication has never been faster or more conveni...
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Blog
4 WAYS AI is Shaping KYC and AML Compliance for Businesses
The role of Artificial Intelligence (AI) is rapidly increasing in businesses and the emergence of...
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Blog
Latest Regulatory Updates on KYC Verification for Crypto Exchanges
Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...
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Blog
Identity checks – A Profitable Business Strategy or Another Business Expense?
Online commerce is a necessity of every business these days. With nearly every consumer carrying ...
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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, Online Marketplace
Demand for KYC & ID Verification in Higher Education
I remember a friend of mine, Jack, from high school he was one of the most non-serious people I k...
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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
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
AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2]
Australia is an important member of the Financial Action Task Force and plays a substantial role ...
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Blog
AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021
After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...
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Blog, Financial Crime / AML
FSA demands greater AML Compliance from Japanese Crypto Exchanges
In a recent move, Financial Services Agency (FSA), the Japanese Financial regulator, has demanded...
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Blog
Document Verification Services – The Secret Sauce to Keep Fraudsters Away
Forging someone’s documents is something bad enough but selling them on the dark web is just rubb...
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Blog
Detecting & Preventing KYI Fraud | A Deep-Dive into 2023 Investment Scams
Businesses need to bring on reliable partners and investors who can contribute to growth, provide...
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Blog, Financial Crime / AML, Online Marketplace
Billion Dollar AML Compliance Plan for the Financial Sector
The financial services sector has long been blamed for the spread of financial crimes like money ...
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Blog
AML Compliance in High-End Vehicle and Yacht Sales
High-end vehicles and expensive properties are the universal status symbols that represent the ex...
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Blog
Mounting Cases of Money Laundering through Digital Currencies in 2021
Even though cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are increasing rapidly, yet the...
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Blog
AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses
There are approximately 77 challenger banks in Europe alone, the best range amongst the other reg...
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Blog, Online Marketplace
Social Media and Identity Theft Frauds
Imagine this: You get up in the morning and like most people; check your email. There you have an...
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