Blog
Addressing AML Compliance Challenges with a Risk-based Approach (2023)
Regardless of how big or small a company is, the after-effects of Covid-19 and the global financi...
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Here’s to 2021 – NFTs Conquering the Crypto Market
From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...
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A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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Blog
The Vital Role of AML Compliance for P2P Lending
Archiac banking traditions saw loan applicants held in suspense, waiting for lengthy periods of t...
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Blog
Avoid Non-Compliance Fines with AML Transaction Monitoring
Cybercriminals in the realm of fraud and financial crime are constantly revising exploitation met...
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Facial Recognition Kiosks: A Modern Innovation in the Food Industry?
Background of Technological Advancement
Technology is regarded as a new way of thinking or doing ...
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5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond
During the covid pandemic, many businesses updated their access control systems to facial recogni...
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Securing Identities in the Age of AI with Facial Recognition Technology
Although the digital revolution has brought us unprecedented levels of connectivity and comfort, ...
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Blog
AML and KYC Regulations in China – New Requirements to Secure Financial Industry
China’s financial system is undergoing a pivotal transformation. The country is limiting sharehol...
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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
Stronger Global Identity Coverage… Where it Counts
In today’s globalized economy, businesses are striving to expand their footprint across borders. ...
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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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Initial Exchange Offerings (IEOs) – A Detailed Insight
The advent of the Crypto industry brought decentralized and innovative fundraising ways. One of t...
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Blog
The Top 10 Advantages of OCR for Business Owners
In our current data-driven and digital world, many organisations struggle with vast quantities of...
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Blog
Five Things you Need to Know About Shufti’s Digital Identity Verification
The growing digital fraud, stringent KYC and AML regulations put in place, and the increasing bur...
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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
High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help
Money laundering and terrorist financing are becoming a global concern. To overcome the risk of c...
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Navigating the New Era of Customer Identity: Strategies for Compliance Professionals
Introduction
The identity verification and authentication landscape is undergoing a rapid transfo...
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Blog
Blockchain and NFTs – Setting New Standards for Cybersecurity and Identity Management
Non-fungible tokens (NFTs) are an evolution over the emerging concept of cryptocurrencies. As fin...
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Understanding AML Sanction Lists: Key Global Regimes and their Importance
Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...
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Blog
Securing Business Operations with Address Verification in 2024
A key component of enhancing customer service and reducing fraud is gathering and validating addr...
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Blog
Avoid Non-Compliance Fines with AML Transaction Monitoring
Cybercriminals in the realm of fraud and financial crime are constantly revising exploitation met...
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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
Significance of Facial Recognition Technology in FinTech Fraud Detection
Compliance with Anti-Money Laundering (AML) requirements is challenging for financial organisatio...
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Blog, Financial Crime / AML, Identity & KYC
5AMLD: Implications for Cryptocurrency
What is 5AMLD?
As part of the Action Plan against terrorism, the 5th Anti-Money Laundering Direct...
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Blog, Identity & KYC
User as Owner: Why KYC Software Needs to Respect Privacy Laws?
User as Owner is a simplistic concept that stipulates that all the data of any user collected by ...
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Blog, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog, Online Marketplace
ID Verification – Fraud Prevention in Online Gambling Industry
By its very nature, gambling is quite risky. Add to it the potential for fraud that it attracts, ...
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Blog
Video KYC – Answer to Digital Revolution in the Gulf Region & UAE
The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...
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Blog
CFT & AML Compliance To Hold Back Financial Crimes
In this digital era, many factors are greasing the wheel of money laundering. Due to online trans...
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Blog
Intelligent Security Systems & Digital ID Verification
Most technology solutions present a compromise between convenience and security to their users. I...
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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
Wholesale or Retail CBDCs? Settling the Endless Debate
The world is now moving towards digitisation at a faster pace than ever. The payment systems have...
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Blog, Fraud Prevention
What is Loan Fraud and How to Detect it?
Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...
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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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Blog
Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud
Document verification is the most important stage when it comes to doing online business, getting...
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Blog
AI-Powered OCR to replace data entry in 2020 – A detailed insight
Living in the data-driven world, there is a huge demand for storing data from printed or handwrit...
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Blog, Identity & KYC
How Brexit Impacts UK-based Identity Verification Companies?
Brexit and its ramifications for the UK seem to be the only topic that anyone is interested in Br...
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Blog
AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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Blog
AML Compliance – Putting an End to Money Laundering in Crypto Firms
In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...
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Blog
An Insight into Global Regulations for the Cryptocurrency Sector [2022 Update]
With emerging technologies continuing to proliferate faster and rapid digitization all around us,...
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4 Tips to avoid digital payment frauds
Due to the contingency caused by the rapid expansion of the Covid-19, online transactions have in...
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Blog
5 Industry Leaders Shared Their Insights on the Future of Biometrics
Modern technology has brought several conveniences to life. From the ease of working at home to s...
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Blog
European Payments Initiative Calling for IDV Solutions
The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...
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Blog
The Dark Side of Digital Wallets and the Role of Crypto Monitoring
Cybercriminals have recently exhibited a keen interest in crypto theft, in some circumstances goi...
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Blog, Financial Crime / AML
Shufti integrates AML Compliance into its end-to-end Verification Services
Shufti has now launched AML compliance in its set of identity verification services to provid...
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Blog
How E-Commerce sites can prevent scams over Black Friday and Cyber Monday
For online businesses, customer authentication for internet payments is very crucial. An ever-inc...
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Blog
Top 10 FinTech Trends to Watch for in 2022
2021 was a game-changer for the FinTech sector as it has come up with innovative payment gateways...
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Blog
Shufti’s Journey Builder: Designing Identity Verification Made Simple
As financial regulations around the world become more complex and ever changing, businesses like ...
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Blog
Age Verification: Comply with Global Regulations or Face Reputational Damages
In the digital age, businesses that operate online face a significant challenge when verifying th...
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Blog, Financial Crime / AML
“Brexit” Greasing the Wheel of Money Laundering
Brexit is in the global news for many years. The reason is that several countries have their stak...
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Blog
Kaseya Ransomware Attack – How to Protect Your Organization from Cyber Risks
Did you know that by 2021, a ransomware attack is projected to occur every 11 seconds, costing co...
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Blog
The Vicious Cycle of Money Laundering in the Gambling Industry
Money launderers opt for various channels to obscure the origins of their illegally obtained fund...
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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
Top 5 Cybersecurity Trends to Look Out for in 2022
With 2022 just around the corner, new developments in cybersecurity are already beginning to take...
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Blog, Identity & KYC, Online Marketplace
Why 2 Factor Authentication is vital for Online Identity Risk Management?
Online identity risk management is becoming harder and harder on cyberspace. It is a headache for...
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Blog
Fighting Fraud in Gaming & Gambling Industry with AML Screening Services
The online gaming sector is on the roll and is projected to surpass $172.23 billion by 2030. Irre...
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Blog
The Latest AML Violations and the Role of Transaction Monitoring
In the evolving regulatory landscape, combating financial crimes has become a top priority of reg...
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Blog
Reshaping the Travel Industry with NFC Verification – How Shufti Can Help
With emerging technologies and the increasing use of digital services, the travel industry has be...
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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
Enhancing Workplace Safety: The Role of Employment Screening
Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...
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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
Secure Ride-Hailing Services – Building Trust Through NFC Verification
Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...
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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
Top 4 Reasons that will Increase Money Laundering Risks in 2022
Unlike other frauds, like like tax evasion, drug trafficking, extortion, and misappropriation of ...
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Blog
The Case Against Cryptocurrencies: Where is it Banned & What’s Causing the Crackdown?
Cryptocurrencies have long been viewed as the core of illicit activities by numerous governments ...
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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
Travel Industry – Trends, Scams, and a Solution to Combat Fraud
The modern world is filled with surprises for everyone nowadays. Be it individuals or enterprises...
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Blog
AI-Powered OCR to Combat Challenges During Manual Data Processing
Every industry has to deal with tons of customer data on a daily basis. Receiving information, ex...
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Blog
Secure the Fintech Future with RegTech
Financial Technology (Fintech) refers to the use of technological advancements in the financial i...
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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
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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