Blog
Industries that Need Digital Identity Verification and Why?
With continuous improvements in technology, different industries of the world are streamlining th...
Explore More
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...
Explore More
Blog
Identity Verification making online dating platforms secure
The expansion of the internet and mobile devices has led to the rapid adoption of online dating. ...
Explore More
Blog
How Shufti’s KYC Solution Can Ensure Compliance and Help in Battling Identity Fraud
With booming technology and rapid digitization, a large number of businesses are adopting the dig...
Explore More
Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
Explore More
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 ...
Explore More
Blog
ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
Explore More
Blog
e-IDV | Enhancing Fintech Onboarding, Operations & Compliance
Fintech is unprecedentedly growing and changing as it responds to the always-changing tech landsc...
Explore More
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...
Explore More
Blog
7 Best KYC and Fraud Prevention Tips for Online Businesses
With the explosion of internet and web applications, the online interaction between consumers and...
Explore More
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, ...
Explore More
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...
Explore More
Blog
Securing Identities in the Age of AI with Identity Verification
The digital age has offered unprecedented convenience and connection, but it has also introduced ...
Explore More
Blog
Top 5 FinTech Trends to Keep an Eye on in 2023
From the lingering effects of the COVID-19 pandemic to the sudden cryptocurrency market crash, 20...
Explore More
Blog
AML/KYC 2020 – how 2019 changed the landscape of global regimes?
Copy pasting your 2019 AML/KYC compliance strategy to 2020 plan will not do the job. Businesses n...
Explore More
Blog
August 2023 Recap: Major Violations and How AML Screening Can Help
With technological advancement, scammers are revising their strategies to bypass verification sol...
Explore More
Blog
The Looming Threat of Deepfake Apps for the Financial Industry
Deepfakes gained prominence back in 2017 when an anonymous Reddit user manipulated Google’s open-...
Explore More
Blog
Digital COVID Certificate Verification: Prevalent Problems and Viable Solutions
Following the rollout of viable vaccines to combat COVID-19, the prospects of normalcy are on the...
Explore More
Blog
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...
Explore More
Blog
ETSI Identity Proofing Standard – How to Meet the New Regulations
Rapid digitization trends have led banks and financial institutions into competition for providin...
Explore More
Blog
Understanding the Difference Between Money Laundering and Embezzlement
Money laundering and embezzlement are two financial offences involving the movement of significan...
Explore More
Blog
High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?
In today’s continuously evolving world, businesses should not only focus on the revenue they gene...
Explore More
Blog
DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users
Security breaches are increasing in number with every passing day. This keeps on happening. It wo...
Explore More
Blog
Age Gating VS Age Verification | Enhancing Security for Minors
Age gating was once employed to stop minors from accessing age-restricted content. However, the a...
Explore More
Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Facial Recognition: Worries About the Use of Synthetic Media
In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...
Explore More
Blog
Banking Scams: Top 5 Predictions and How to Stay Safe in 2023
The most recent fraud statistics will make you uncomfortable.
Fraud cases are rising – relentless...
Explore More
Blog, Identity & KYC
Digital KYC Streamlines Customer On-boarding Process
Shufti brings forth digital KYC verification services to perform identity verification proces...
Explore More
Blog
Healthcare is Under Attack: Strengthening Security with Biometric Verification
Healthcare scams cost our economy tens of billions of dollars every year and the lowest value of ...
Explore More
Blog
AML Screening | Fighting the War Against Terrorist Financing & Money Laundering
Money laundering and terrorist financing have become a global concern. In the US alone, approxima...
Explore More
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...
Explore More
Blog
Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer
From the world’s glitziest gaming development to betting shops on the high streets, the global ga...
Explore More
Blog
Digital Passports Driving the need for Biometric Verification at Airports
Digital or chipped biometric passports have automated the verification process at airports. The e...
Explore More
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...
Explore More
Blog
Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti
Businesses deplete millions of dollars each year on outdated technologies, employee training, and...
Explore More
Blog
Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022
Estonia’s financial institutions are developed and ensure transparency as its laws are well-defin...
Explore More
Blog
Identity Verification Forecast: How Will KYC Evolve in 2023?
As the world becomes more digital, scammers are honing their craft and employing trickier techniq...
Explore More
Blog
California Privacy Rights Act – What Businesses Must Do to Comply
The California Privacy Rights Act (CPRA), also known as Proposition 24, was approved on November ...
Explore More
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,...
Explore More
Blog
Digital COVID Pass: Automated COVID Report Verification
The worsening situation of the pandemic has forced authorities to impose restrictions on several ...
Explore More
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...
Explore More
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...
Explore More
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...
Explore More
Blog
Age Verification: Data Privacy and User Protection
In recent years, there’s been a lot of speculation surrounding the issue of whether or not ...
Explore More
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, ...
Explore More
Blog
OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification
The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...
Explore More
Blog
EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World
A few days back, the European Union Commission published a draft for digital ID wallets for all t...
Explore More
Blog
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...
Explore More
Blog, Fraud Prevention
4 Fraud Prevention Tips For Your E-commerce Business this Holiday Season
With the holiday shopping season in full swing, e-commerce fraud risk is a glaring reality that n...
Explore More
Blog
Know Your Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
Explore More
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...
Explore More
Blog, Identity & KYC
Online Age Verification Keeps A Tight Rein On Minors
According to The Newyork Times, online age verification is a daunting task, even for experts. How...
Explore More
Blog
Crypto 2021: The Rapidly Emerging Context of Virtual Currencies
Cryptocurrency is in the limelight since the advent of Bitcoin in 2009. Investors like Tesla Inc....
Explore More
Blog
Know Your Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
Explore More
Blog
Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
Explore More
Blog
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...
Explore More
Blog
Digital ID Verification – Why is it Critical for Customer Experience?
Last year was all about lockdown and pandemic disrupting business operations to the very core. Th...
Explore More
Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
Explore More
Blog
April 2023 Recap: Major AML Fines and Key Events
With the world embracing digital transformation, scammers have adopted sophisticated strategies t...
Explore More
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...
Explore More
Blog
6 Ways Identity Verification Will Unlock Digital Transformation in Airlines
Airlines were particularly negatively impacted by the Covid-19 pandemic, and the situation was fu...
Explore More
Blog
4 Industries Where OCR Technology Can Work Wonders
Today, online businesses need to meet the constantly evolving customer needs to survive market co...
Explore More
Blog
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...
Explore More
Blog
Romance Scams: Protect Your Heart and Wallet with Identity Verification
People searching for love online sometimes meet the unfortunate fate of a broken heart and someti...
Explore More
Blog
Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud
With emerging technologies, the demand for online services and products is skyrocketing, raising ...
Explore More
Blog
Marketing Firms embracing KYC Services for Better service Delivery
Browsing through your Facebook newsfeed and you come across one of ‘Those’ friends – “Hey P...
Explore More
Blog
License Verification for Online Transport Services
License Verification for Online Transport Services
The world of transport services has dramatical...
Explore More
Blog
Financial Crimes and Romanian AML/KYC Landscape – How Shufti’s AML Screening Can Help
Since the coronavirus outbreak, people worldwide have experienced things that no one could have a...
Explore More
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...
Explore More
Blog
How Optical Character Recognition is Changing the Financial Industry
Banking and other financial services are the world’s most closely watched and strictly gove...
Explore More
Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
Explore More
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 ...
Explore More
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...
Explore More