Blog
A Detailed Insight into the Best Practices for Digital Currency Providers
The world has seen an overwhelming rate of development in the cryptocurrency sector with Centrali...
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Blockchain and Identity Theft: Potential Challenges and how to Tackle Them
Blockchain has become increasingly popular because of its potential to provide secure transaction...
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Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime
Emerging FinTech firms around the world spend almost one-third of their overall budgets on develo...
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Securing Online Marketplace Through Identity Verification System
Since the Covid-19 outburst, technological advancements and emerging innovations have digitized t...
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Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19
Coronavirus took the world into clutches forcing people to adopt isolation and businesses are com...
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4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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COVID Passports – Bringing Convenience to the Travel & Tourism Sector
“Sorry, the earth is closed today.”
Tony Stark’s sarcastic dialogue became the worst possible re...
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Top 10 Technology Trends in the Travel Industry to watch for in 2022
The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...
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How to protect your online gaming platform from ID frauds?
Gone are the days when online gaming was only restricted to LAN parties. With the development of ...
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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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AML Compliance – Identifying the Red Flags Money Laundering in the Real Estate Sector
Purchasing real estate is an attractive way for money launderers to legitimise larger amounts of ...
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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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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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Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?
As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...
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Blog, Identity & KYC
Facial Recognition Technology – Behind The Curtains
Business competition has made security technology critical. There are many innovative security te...
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Securing Banks and Curbing Financial Crimes with Shufti AML/KYC Solution
Banks and other financial institutions constantly face the challenges of tackling financial crime...
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The Top 6 Holiday Season Scams to Avoid in 2023
As we move further into digitisation, our methods of giving gifts have changed drastically. In to...
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Transaction Monitoring – Establishing A Defense Mechanism Against Financial Crime
With the rapid increase in the global volume of monetary transactions, money laundering methods a...
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More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans
Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...
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Enhanced Due Diligence Checks | The Art of Mitigating Risks Associated with Third-Parties
For multinational businesses, reliance on external third-party vendors is crucial. However, failu...
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Blog, Identity & KYC
Digital ID Verification
The Current Situation
Digital ID Verification is the key to securing your business in thes...
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An Insight into Online Dating Scams – How Identity Verification Helps
The impact of Covid-19 on businesses and the physical, mental health of individuals has been stre...
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NFC Verification – Making Digital Payments Mainstream from Alternative
With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...
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KYC Verification – Defeating Anonymity on Social Media Platforms
In the introductory phase, social media platforms were merely a small part of the internet where ...
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KYC Identity Verification – Building Customer Trust in Ride-Hailing Services
The transportation industry is in the phase of significant disruption, redefining its services an...
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How Transaction Monitoring Can Ensure Secure Online Services
A safe and comprehensive transaction monitoring system is increasingly important in an era charac...
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Identity Document Verification | Revolutionising Customer Onboarding
Companies worldwide are undergoing a radical digital transition to keep up with today’s lig...
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Biometric Technology, Blog
Online Facial Recognition Could Drive a New Wave of Digital Transparency
Online facial recognition is a much less explored territory when it comes to online identity veri...
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Swipe Right on Facial Verification for Secure Online Dating
In today’s COVID-ridden world, in-person dating is deemed very risky due to the spread of the vir...
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Prevailing Crimes in Identity Verification – How Shufti’s Forensic Document Verification Can Help
Identity fraud has become quite prevalent in digital businesses which is not only affecting opera...
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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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E-learning Platforms and IDV Solutions: A Natural And Much Needed Partnership
The advancement of modern technologies and telecommunication modes has made online assistance ava...
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ID Document Fraud | Is Your Business Prepared to Fight the War Against Fraud in 2024?
In today’s data-driven, digitized world, various business processes have been automated...
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AML Solutions: Eliminating the Risks of Money Laundering
Money laundering is a serious crime that can have serious and long-term consequences for your bus...
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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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Identification, Verification and Authentication – Cut from the same cloth
The modern era of technology has brought so many frauds to light. The digitized world has urged b...
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NFC – Building New Grounds for Identity Verification
Near Field Communication (NFC) is based on the famous RFID technology. In 2002, Nokia was the fir...
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Corporate Transparency Act – The Road to Better AML Compliance
According to the latest reports, the United States ranked number 1 for not complying with the ant...
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Top 6 Practises For Your Business To Pinpoint Key Risk Areas
As global industries continue to evolve and digitise, customer risk assessment has become a criti...
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Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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Blog, Identity & KYC
KYC and AML Compliance can help cryptocurrencies to earn legitimacy
Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Data Breaches – Types, Sources, and Preventive Measures
A large number of well-renowned companies are under the threat of high-scale data breaches. After...
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KYC Verification Process – 3 Steps to Know Your Customer Compliance
Did you know there are three key components to KYC?
The entire identity verification procedure en...
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Addressing Business Challenges Using OCR Scanner
OCR text recognition is similar to how humans process and store information through reading. The ...
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AML Compliance in the Insurance Sector – Red Flags to Look Out For
The insurance sector commonly faces criminal activities like money laundering and terrorist finan...
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Artificial Intelligence, Blog, Fraud Prevention
The Role of Artificial Intelligence in the Future Of Financial Fraud Detection
Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole c...
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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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AML & KYC Compliance – 5 Ways AI is Supporting the Fight Against Financial Crimes
Reforming AML & KYC Compliance Structures for Financial Institutions
The capabilities ...
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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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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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ID Verification – What new KYC Services Shufti launched in 2018?
Shufti started 2018 with an aim to fight the menace of digital fraud, identity theft, and onl...
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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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How to Combat Document Forgery in 2023 and Beyond
As digitisation continues to change our world and daily practices at an exponential rate, crimina...
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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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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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From Crypto to Fiat Currency – Secure Exchanges with Transaction Monitoring Solutions
Transaction processes today are launching innovative possibilities for users across the economic ...
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Blog, Financial Crime / AML
Challenges of AML Compliance under FinCEN
AML Compliance for US based Cryptocurrency companies has been tightened by Financial Crimes Enfor...
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ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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KYC in banking: How American banks can fight identity thieves?
In the present globalized, fast-evolving sphere, revolutionizing KYC (Know Your Customer) is cruc...
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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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Shufti’s Ongoing AML Solution to Prevent Transaction Laundering
Online financial criminals are always finding newer ways to exploit financial infrastructures in ...
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EDD: Safeguarding Business Interests with Comprehensive Risk Mitigation
Traditional due diligence practices may not provide sufficient insights into higher-risk business...
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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Blog
Transaction Monitoring – Establishing A Defense Mechanism Against Financial Crime
With the rapid increase in the global volume of monetary transactions, money laundering methods a...
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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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AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering
Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...
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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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40 Surprising Facts and Statistics About Money Laundering [2021 Update]
Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...
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An inside look at the need for AML in the e-gaming industry
Data analytics and trends show the penetration of the population into console-based online video ...
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Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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Blog
Securing Online Marketplace Through Identity Verification System
Since the Covid-19 outburst, technological advancements and emerging innovations have digitized t...
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