Blog
Online Marketplaces and Increasing Crimes – How Shufti KYC Solution Can Help
With technological advancements and emerging innovations, online marketplaces have been digitized...
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Blog, Identity & KYC
Enhanced Due Diligence: Ensuring KYC and Regulatory Scrutiny
Enhanced Due Diligence: The adoption of innovative solutions in businesses today, should not have...
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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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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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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, Fraud Prevention
Identity Theft Frauds – How can you stay a step ahead?
Identity theft is ‘a hot potato’ these days. Every day we come across news of online fraud that h...
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Blog
DSAR Under GDPR and CCPA – Understanding the Key Differences
Data protection is one of the key concerns of organisations these days. For the same reason, data...
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KYC For Sharing Economy – Building a Safe & Trusted Environment that Retains Customers
“Sharing Economy” is a term that has become popular in recent years, and the current digital worl...
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The Power of Robotic Process Automation in the Banking Industry
Entering into the fourth industrial revolution, business processes are shifted to the digital sph...
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Identity verification in social media – Lighting up the dark side
Social media is a word every one of us can relate to. With every passing day, it is penetrating i...
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Risk Assessment – Building Trust in Financial Institutions
For financial institutions to hold onto their customers, they must build and conserve advanced le...
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Know Your Player – Preventing Identity Fraud in Sports Events
The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...
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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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Understanding the Difference Between Money Laundering and Embezzlement
Money laundering and embezzlement are two financial offences involving the movement of significan...
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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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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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New KYC Regime for the UK, US, and Australia – What’s in it for Financial Institutions?
Financial institutions are known for getting their reputation maligned due to crimes like identit...
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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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License Verification for Online Transport Services
License Verification for Online Transport Services
The world of transport services has dramatical...
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Blog, Business Technology
Business Verification – Foolproof Ways to Secure Happy Customers
Creating a winning customer experience can make for a significant competitive advantage for busin...
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From Fraudsters to Artists – The Dire Need of AML Compliance for NFTs
Over the past few years, NFTs or Non-Fungible Tokens have become popular in the crypto sector. Ac...
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Blog
Top 10 Identity Verification Trends to Look Out for in 2022
Did you know identity fraud is growing at a faster than ever rate? Businesses across the globe ar...
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Blog, Online Marketplace
New Rules by the UK Gambling Commission and Their Impact
The UK Gambling Commission announced new gambling rules earlier this year to make gambling safer ...
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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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Telehealth Services and Sophisticated Crimes – How Shufti Can Help Health Centers
The speed of innovation has never been faster. Re-emerging from a global pandemic, busi...
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Multi-Tier Security – Another Line of Defense Against Bank Account Scammers
The banking sector has been witnessing a significant rise in criminal activities is a major conce...
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5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance
With technology evolving every day, online gambling is one of the sectors that has revolutionized...
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Facial Recognition Technology Pioneered at Olympic and Paralympic Games Tokyo 2020
Facial recognition has grown by leaps and bounds with the arrival of the sophisticated pattern-ma...
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Blog
FinCEN Files – Banks abandoning front-line defenses against money laundering
Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...
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Blog, Identity & KYC
Why You Need To Know Your Buyer
Online payments are fast replacing cash transactions with the top payment companies harboring 1bi...
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Blog, Reg Tech
Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound
Cryptocurrency was the talk of the day in the months and even years leading up to the present wee...
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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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Identity Verification – Building Trust and Combating Scams in Online Dating
Since the beginning of civilization, humans have always preferred to live in communities. This co...
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Blog, Identity & KYC
Know Your Patient: Anti-Fraud Pill for Healthcare Industry
Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...
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Blog
Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Blog
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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Protecting Crypto Ecosystem with Effective Compliance Measures and Robust AML Screening
In November 2021, the market capacity of the cryptocurrency went over $3 trillion. With the incre...
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Blog
Adverse Media Screening | Assessing and Mitigating Potential Crime Risks
In today’s digital world, where fraud prevails exponentially, risk management is crucial to fight...
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Blog
e-IDV | Electronic Verification Checks For Ultimate Fraud Prevention
The first paper-based photo identity document was in May 1876, developed by William Notman for th...
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Blog, Reg Tech
Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound
Cryptocurrency was the talk of the day in the months and even years leading up to the present wee...
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Blog
Indonesia’s First-ever Comprehensive Law on Data Privacy – the PDP Bill
Being the largest economy in Southeast Asia, Indonesia is experiencing enormous growth in the dig...
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5 Things Businesses Should Know about PEP Screening
Regulators levy penalties when compliance programs fail or companies have insufficient compliance...
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Know Your Patient – Balancing Security, Customer Experience and Compliance in the Healthcare Sector
As the healthcare industry continues to offer life-critical services while making efforts to impr...
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Japan’s Act on Personal Information Protection – What Businesses Must Do
New and emerging ways to bypass verification checks have allowed fraudulent entities to breach th...
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Blog
Evaluating the Potential of Digital ID Verification Systems in 2022
Identity fraud and synthetic identities are skyrocketing and collectively account for a loss of ...
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Blog
5-Steps to Improve Customer Due Diligence Process
The digital age has witnessed a new wave of financial fraud. It is estimated that $4.7 trillion o...
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Blog
How Shufti Ensures Gaming Regulatory Compliance with AML Screening for Online Gaming Platforms
The online gaming sector has revolutionized altogether along with emerging technologies. With adv...
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Blog, Business Technology
Identity Verification Fuels Growth of Ride Sharing Industry
The ride-sharing industry is growing at a huge pace. As per Orbi’s research, the ride-shari...
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Blog
Transaction Monitoring in 2023 | A Comprehensive Guide
Scammers are searching for businesses to exploit, and financial firms with loopholes provide them...
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Blog
Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions
With transforming technologies and growing digitization, the global art industry has also embrace...
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Blog
UAE Government Stepping Up Against Prevalent Crimes
The UAE is known for being home to flourishing businesses and providing a significant level of fi...
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Blog, Identity & KYC
7 Ways to Protect Your Children from Identity Theft
Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...
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Blog
KYC Verification – The Significance of Identity Verification in the Telecom Industry
Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...
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Safeguarding Ride-Hailing Services with Identity Verification Solutions
With the global digitization, mobility services are known to the world before the pandemic has ir...
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Blog
International Tax Body to curb Cryptocurrency based Tax Evasion
Tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the U...
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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, Reg Tech
GDPR Phishing Scams – A Novel Trap to Scoop up Information
General Data Protection Regulation (GDPR), an EU regulation comes into force on 25 May 2018 and a...
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Blog
KYC/AML Compliance – A Safeguard Against Money Laundering in the NFT Market
The instability in the non-fungible token (NFT) sector can be seen in the record sales of $25 bil...
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Blog
Age Verification for Social Media – Protecting the Younger Victims of Online Scams
With a significant majority of students diverting from their usual school routines due to the COV...
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Blog, Financial Crime / AML, Identity & KYC
All You Need To Know About KYC Compliance
Financial crimes are increasing at an immense pace. As per the United Nations Office of Drugs and...
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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
Top 5 Ways to Improve Transaction Monitoring in Fintech
Fintech is a fast-growing sector that combines finance and technology to assist businesses and cu...
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Blog
AML Compliance in the UK’s Financial Sector – What Shufti Offers
The UK is known in the global financial paradigm for being both a financial hub and the dirty mon...
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Blog
10 Ways to Eliminate Business Fraud with Robotic Process Automation (RPA)
One of the prime concerns of businesses today is detecting and mitigating the risk of fraud. This...
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Blog
eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience
Governments have mandated various businesses, including financial institutions, to thoroughly und...
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Blog
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
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
Understanding the Key Role of Risk Assessment in the Crypto Industry
Cryptocurrencies are becoming a hotspot for scammers to perpetrate financial crime. Over 46,000 i...
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Blog
Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector
Banks are considered a subset of the financial services industry and play the most crucial role i...
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Blog, Identity & KYC
10 Quick Tips Regarding Identity Theft Protection
Identity fraud has grown substantially in the past two decades, and unfortunately, it is here to ...
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