The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    Augmented Intelligence – What 2019 have for AI systems?

    Augmented Intelligence

    Admittedly, Artificial Intelligence or AI has gained a considerable amount of ill reputation from the public. There are a number of reasons for this infamy including the perception that AI is putting people out of jobs. But analysts and experts who have actually studied the pros and cons of AI-enabled systems have a different view. They actually believe that AI can have a substantially meaningful impact on human lives, hence the concept of Augmented Intelligence. The latter idea is centred around the fact that artificial intelligence is capable of actually helping human capabilities rather than replacing them. It focuses on the fact that these technologies can help people achieve better results in different tasks. This different and a fresher concept on AI can enable people to better understand the potential that AI has.

    The misconceptions centred around AI are baseless due to the fact that the sort of super artificial general intelligence that is talked about by enthusiasts, does not exist yet. It is largely a part of sci-fi movies or books – it would probably take a mind stone and the genius of Tony Stark to create something like Vision or even Jarvis. Director of research at Google, Peter Norvig is of the belief that creating general AI is pointless, as there is no need for duplicating human intelligence. He goes on to stress that it is more important to create tools and machines that can work with humans to do things neither could do if they performed alone. There is more the need for augmented artificial intelligence than a super robot that can perform everything on its own.

    Why Businesses Need Better Cognizance?

    In 2018, AI worked with big data to uncover meaningful results and insights. It enabled businesses to process and analyse their millions of bytes of their raw customer data and provide them with useful knowledge about their customers and make better and more informed decisions. Still, this was the highlight of the previous year. In 2019, the idea is to build augmented intelligence for companies that can help in the development of firms that are driven by better wisdom as well as capabilities.

    According to a report by Forrester, companies that are driven by insights would make nearly $1.8 trillion annually by 2021. Some of the world’s most dynamic companies including Netflix, Uber and Amazon use predictive analytics and consumer insights to enhance their operations and service offerings. This enables them to gain a competitive advantage and therefore improve their profits. Companies need to realise fast the potential their client data has for their business and how it can be used to improve their bottom lines.

    Regardless, the same report goes on to indicate that currently only one in ten companies are driven by insights. This is mainly due to the lack of ability and deep-rooted legacy systems that are still prevalent in organisations. Moreover, a lot of companies also have isolated functions that have a significant lack of interaction amongst each other, and consequently, lack a mutual sharing of information. All these problems can be solved through augmented intelligence systems that can leverage data within a company and use it to provide meaningful insights.

    The Role of Augmented Intelligence in Developing Improved AI Systems

    As IT structures in companies become more advanced and the wave of digitisation hits day-to-day business operations, companies end up generating significant amounts of data. Another key player in this is cloud computing technology, that has enabled companies to move their entire data structures on cloud servers. But using this data to their advantage is an entirely different matter. Businesses now have available as simple information as how much time a user spends on their website or which products are being viewed most often.

    Perhaps the most important role has been the proliferation of the Internet of Things or IoT. Sensors embedded in every possible system or electronic device have enabled the collection of health, traffic, weather data has become surprisingly effortless. Data from the simplest to most complex tasks performed by consumers can now be collected by enterprises to enhance their business operations including manufacturing, supply and customer services.

    Systems based on artificial intelligence are therefore enabling businesses to gather the information that can help in breakthrough observations like indications of early signs of cancer, the cause of congestion in urban areas, detection of cyber attacks and fraudsters and enabling students to carve out better study plans. Detecting these patterns gaining insights from them is usually beyond human intelligence or rather requires months of research and analysis on the part of humans.

     

    AI technologies are better equipped to handle and analyse large amounts of structured or unstructured data. Machine learning algorithms are designed to structure and analyse complex data. It can find patterns and details in user data that would require thousands of man-hours within seconds. The healthcare sector, for example, uses algorithms that can analyse a person’s symptoms and existing condition along with their medical history, thus providing doctors with the most likely diagnoses for their illness. Such systems can also take into account radiology images like CT scans and MRIs to identify tumours and other conditions within seconds.

    Other applications of AI systems include applications in the education sector where both instructors and students can use such systems to learn more interactively. Applications are now available that can track students’ performance and analyse which of them are lacking behind. This enables teachers to better understand the needs and requirements of each individual pupil and therefore provide them with improved tutoring. For students, these systems can provide additional material and practice exercises that can enhance their learning, thus enabling them to improve their grades.

    In the area of fraud detection, AI systems, built on the concept of augmented intelligence, are enabling businesses to deal with fraud and cybercrime proactively. Machine learning algorithms are being developed that use behavioural analytics and predictive analysis to detect patterns in purchase behaviour. This enables businesses, to detect fraudulent activity within seconds, thus allowing them to block such transactions in time and effectively. Other AI-based tools allow retail businesses, banks and financial service firms to detect fraud through online identity verification that uses document verification and facial recognition tools to verify and authenticate individual users.

    Enhancing Human Capabilities Through Augmented Intelligence

    Over the years AI systems have been developed that have been monumental in advancing human output as well as capabilities. The resulting functions have therefore been made unbelievably more proficient and productive. It, therefore, eliminates the concept that machines and computer programs are likely to replace humans. It also gives sustenance to the idea of augmented intelligence that is built on the concept that humans and machines can work collectively to achieve better results. AI-powered tools have enabled managers and executives to make more informed and real-time decisions. They have also provided remarkable insights into a consumer’s purchase behaviour and how they think. Some of the ways AI is empowering businesses include;

    • Improved Insights From Data

    AI and machine learning algorithms use data gathered from customers to generate actionable insights that further enable companies to position their product or service more accurately and target and approach the relevant audience. Earlier on, such insights took years of research, data collection and analysis on part of companies or researchers. AI-enabled systems can generate these results and insights within minutes or even seconds.

    • Generating Leads

    Modern and enhanced AI systems have also enabled businesses in the generation of leads by recommending suitable products and services for different customers based on their purchase behaviour, search history and browsing patterns. Augmented intelligence solutions can also read into competitors’ data and market trends to provide foresight for cross and upselling techniques, in addition to providing better knowledge into the customer’s minds.

    • Triggering Prompt Decisions

    AI systems and solutions have also enabled fast and efficient decision-making process in companies. By providing the best course of action and recommendations based on consumer data, it has enabled managers and consumers to make fast and prompt decisions. The decisions made about the strategy, marketing, finance or IT are more informed and are backed by hardcore data.

    It is no wonder that AI has only enhanced human capabilities. It is and will continue to enable businesses to process information intelligently, giving way to enhanced decision making and the development of a more powerful IT structure. It has enabled companies to provide more customer centric services and personalised value propositions. While AI-powered systems still need to be refined further for better performance, it is high time that humans accept their importance in the enrichment of businesses and daily life processes.

    Shufti is built upon an ideal combination of artificial and human intelligence. It is an online identity verification service provider that provides fraud detection services to financial services institutions, e-commerce businesses, foreign exchanges, crypto companies and a number of other different businesses. It uses hybrid technology of AI and human intelligence for user verifications. It uses a document identity to verify end users through document verification. Users are further authenticated through facial recognition.

    Shufti uses augmented intelligence for verification of customers enables businesses to make more responsible decisions. By using a combination of an AI system along with human experts that review the verification decision, Shufti eliminates the possibility of doubt. All verifications are performed under a minute thus eliminating the tradeoff of a slow and inefficient verification process.

    Recommended For You:

    Related Posts

    Blog

    Key Takeaways from Shufti’s Global Identity Fraud Report 2020

     After the rollercoaster year 2020, Shufti hopes this year will be less distressing for every...

    Key Takeaways from Shufti’s Global Identity Fraud Report 2020 Explore More

    Blog, Fraud Prevention

    6 Steps of Online Fraud Prevention for Businesses

    With the rapid development in the online retail industry and banking industry, there is an increa...

    6 Steps of Online Fraud Prevention for Businesses Explore More

    Blog

    The Ultimate Guide to Central Know Your Customer (CKYC)

    Due to the increasing rates of financial fraud, keeping detailed data on each client is more impo...

    The Ultimate Guide to Central Know Your Customer (CKYC) Explore More

    Blog

    5 Tech Upgrades That Can Revamp Your Customer Onboarding Process

    When businesses brainstorm ways to scale, they generally think about focusing more on sales. Howe...

    5 Tech Upgrades That Can Revamp Your Customer Onboarding Process Explore More

    Blog

    Cross Border Digital Payments – Regulatory Regime and the Global Context

    The world is moving towards smarter payments with technology trends picking up the pace in 2021. ...

    Cross Border Digital Payments – Regulatory Regime and the Global Context Explore More

    Blog

    Simplify Payment Processes with Biometric Authentication

    A developing trend that is altering how customers handle their money is the use of biometric auth...

    Simplify Payment Processes with Biometric Authentication Explore More

    Blog

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti

    The regulatory landscape is changing with time and a number of questions are arising. AML complia...

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti Explore More

    Blog

    Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping

    The proliferation of online stores has radically transformed how people shop and greatly affected...

    Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping Explore More

    Blog, Business Technology

    Fraud Prevention in Fintech Industry

    The FinTech industry has really made its mark in the last couple of years. FinTechs have been pro...

    Fraud Prevention in Fintech Industry Explore More

    Blog

    Prevailing Crimes in Ride-Hailing Services – How Shufti can Make the Change

    In the ride-hailing arrangements, passengers connect with drivers through cell phones or websites...

    Prevailing Crimes in Ride-Hailing Services – How Shufti can Make the Change Explore More

    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...

    4 WAYS AI is Shaping KYC and AML Compliance for Businesses Explore More

    Blog, Online Marketplace

    The Importance of Know Your Customer for Crowd Funding and ID Verification Service

    In today’s world where most business and financial transactions are taking place online, the impo...

    The Importance of Know Your Customer for Crowd Funding and ID Verification Service Explore More

    Blog

    5 Ways how IDV Provides an Active Defense Against Fincrime

    Identity theft, account takeovers, and data breaches… The world has seen enough cybercrime ...

    5 Ways how IDV Provides an Active Defense Against Fincrime Explore More

    Blog

    Phishing Attacks and the Role of Two-Factor Authentication

    In today’s digital world, almost everything we do is on the internet, be it for official purposes...

    Phishing Attacks and the Role of Two-Factor Authentication Explore More

    Blog

    The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution

    The digital world is evolving at a greater pace than ever before. The Metaverse is considered a d...

    The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution Explore More

    Blog

    KYC & AML Regulations in the UK: An Ultimate Guide

    Financial crimes have been around since the invention of money. Some argue that their origins are...

    KYC & AML Regulations in the UK: An Ultimate Guide Explore More

    Blog

    Simplify Payment Processes with Biometric Authentication

    A developing trend that is altering how customers handle their money is the use of biometric auth...

    Simplify Payment Processes with Biometric Authentication Explore More

    Blog

    How Global AML Regulations Safeguard Financial Processes from Money Laundering

    Growing a business in any part of the world requires effective AML compliance measures as a neces...

    How Global AML Regulations Safeguard Financial Processes from Money Laundering Explore More

    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...

    How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace? Explore More

    Blog

    A Brief Insight into Crypto Regulations in the Asia-Pacific Region

    The Asia-Pacific region is one of the areas with the highest rate of crypto adoption. Considering...

    A Brief Insight into Crypto Regulations in the Asia-Pacific Region Explore More

    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...

    UAE Government Stepping Up Against Prevalent Crimes Explore More

    Blog

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape

    Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape Explore More

    Blog

    Pandora Papers Pushing Global Authorities to Bridge Regulatory Gaps

    The Pandora Papers have made headlines for not only exposing offshore dealings of the rich but al...

    Pandora Papers Pushing Global Authorities to Bridge Regulatory Gaps Explore More

    Blog, Online Marketplace

    Verify ID For a Secure Travel Experience

    Since we are using the Internet for a great many things including shopping to online booking of f...

    Verify ID For a Secure Travel Experience Explore More

    Blog

    Travel Fraud and the Crucial Role of e-IDV

    The travel sector is booming in this age of digitisation, and air travellers are estimated to dou...

    Travel Fraud and the Crucial Role of e-IDV Explore More

    Blog

    Transaction Monitoring in 2023 | A Comprehensive Guide

    Scammers are searching for businesses to exploit, and financial firms with loopholes provide them...

    Transaction Monitoring in 2023 | A Comprehensive Guide Explore More

    Blog

    Working from Home Spikes Demand for Digital Identity Verification

    Due to the Coronavirus Pandemic, many businesses are grounded or are enforced to work from home. ...

    Working from Home Spikes Demand for Digital Identity Verification Explore More

    Blog

    KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms

    With the growth in organised crime and its infiltration into the sports betting market, businesse...

    KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms Explore More

    Blog

    Fighting identity fraud with AI-enabled ID document verification

    It’s no secret that identity fraud has become one of the most increasing problems for online busi...

    Fighting identity fraud with AI-enabled ID document verification Explore More

    Blog

    The Importance of KYC and AML Compliance in the APAC Region

    According to recent studies, over the past three years, more than ever, sanctions have been impos...

    The Importance of KYC and AML Compliance in the APAC Region Explore More

    Blog

    License Verification for Online Transport Services

    License Verification for Online Transport Services The world of transport services has dramatical...

    License Verification for Online Transport Services Explore More

    Blog

    Elevating Payment Security: The Crucial Role of Biometric Authentication

    There has been a considerable rise in digital payment methods in recent years. People now prefer ...

    Elevating Payment Security: The Crucial Role of Biometric Authentication Explore More

    Blog

    Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK

    As the holiday season approaches, we often reflect on how we can give back to our communities. Th...

    Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK Explore More

    Blog, Online Marketplace

    Nordic Banks brace for Digital KYC with centralized Database

    Five major Nordic banks have formed a partnership to establish a company that will compile a cent...

    Nordic Banks brace for Digital KYC with centralized Database Explore More

    Blog

    KYC Identity Verification – Building Customer Trust in Ride-Hailing Services

    The transportation industry is in the phase of significant disruption, redefining its services an...

    KYC Identity Verification – Building Customer Trust in Ride-Hailing Services Explore More

    Blog

    AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector

    There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...

    AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector Explore More

    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...

    Kaseya Ransomware Attack – How to Protect Your Organization from Cyber Risks Explore More

    Blog

    ID verification prevents 8 Security Issues of businesses

      The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...

    ID verification prevents 8 Security Issues of businesses Explore More

    Blog

    Securing Public Facilities with Touchless ID Verification Kiosks

    Due to the coronavirus pandemic, social distancing became the utmost need of the hour. Given the ...

    Securing Public Facilities with Touchless ID Verification Kiosks Explore More

    Blog

    GDPR Compliance vs BlockChain Debate – Things you must know

    GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...

    GDPR Compliance vs BlockChain Debate – Things you must know Explore More

    Blog

    Verifying Donors and Origins of Charitable Funds with Identity Verification

    Like any other financial institution, charity organisations are also equally vulnerable to moneta...

    Verifying Donors and Origins of Charitable Funds with Identity Verification Explore More

    Blog

    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...

    Identity verification in social media – Lighting up the dark side Explore More

    Blog

    e-IDV: Improving Client Onboarding for Banks and FinTech

    Individuals and business owners often face significant time constraints when visiting banks physi...

    e-IDV: Improving Client Onboarding for Banks and FinTech Explore More

    Blog

    Enhancing Trust in eCommerce with AI-powered Identity Verification

    eCommerce in today’s world involves utilizing evolving technologies to ensure convenience for cus...

    Enhancing Trust in eCommerce with AI-powered Identity Verification Explore More

    Blog

    Anti-Money Laundering (AML) Solutions – Securing Luxury Goods and Curbing Financial Crimes

    Exotic cars, designer clothes, artifacts, and private jets make attractive news headlines and mov...

    Anti-Money Laundering (AML) Solutions – Securing Luxury Goods and Curbing Financial Crimes Explore More

    Blog

    DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud

    Healthcare remains one of the most lucrative industries for criminals with nearly $272 billion lo...

    DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud Explore More

    Blog

    Analyzing and Balancing the Variables of an Effective Identity Verification Solution

    Today’s constantly transforming digital landscape where technology empowers businesses fast-paced...

    Analyzing and Balancing the Variables of an Effective Identity Verification Solution Explore More

    Blog

    Understanding AML Sanction Lists: Key Global Regimes and their Importance

    Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...

    Understanding AML Sanction Lists: Key Global Regimes and their Importance Explore More

    Blog

    How Businesses Can Leverage Optical Character Recognition Technology in 2023

    Optical Character Recognition (OCR) has revolutionised how businesses gather, process, and analys...

    How Businesses Can Leverage Optical Character Recognition Technology in 2023 Explore More

    Blog

    Why Digital Identity Verification is Booming – A Detailed Insight

    According to the report “Digital Identity & Document Verification Market & Technology Ana...

    Why Digital Identity Verification is Booming – A Detailed Insight Explore More

    Blog

    Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution

    Investing the accumulated capital of investors in financial securities is the primary task of inv...

    Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution Explore More

    Blog

    Facial Recognition: A Technology for Online Businesses to Prevent Fraud

    Today, biometric technology has traditionally established itself and has become an integral part ...

    Facial Recognition: A Technology for Online Businesses to Prevent Fraud Explore More

    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...

    Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound Explore More

    Blog

    Perpetual KYC – Securing Businesses through Continuous Identity Verification

    With regulatory scrutiny increasing globally, failures or loopholes in security systems pose a si...

    Perpetual KYC – Securing Businesses through Continuous Identity Verification Explore More

    Blog

    How can AML play a role to impede the financing of terrorism?

    Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...

    How can AML play a role to impede the financing of terrorism? Explore More

    Blog

    Anti-Money Laundering Screening – Enabling Financial Institutions to Handle Suspicious Activities

    Financial crime is becoming a global concern, yet it’s often tough to spot. That is why gov...

    Anti-Money Laundering Screening – Enabling Financial Institutions to Handle Suspicious Activities Explore More

    Blog, Identity & KYC

    Digital KYC Streamlines Customer On-boarding Process

    Shufti brings forth digital KYC verification services to perform identity verification proces...

    Digital KYC Streamlines Customer On-boarding Process Explore More

    Blog

    Understanding AML Sanction Lists: Key Global Regimes and their Importance

    Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...

    Understanding AML Sanction Lists: Key Global Regimes and their Importance Explore More

    Blog

    AI face recognition for total automation

    Face recognition is everywhere but still we’re unable to say goodbye to document, maybe because w...

    AI face recognition for total automation Explore More

    Blog

    Strengthening digital businesses with online age verification

    It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...

    Strengthening digital businesses with online age verification Explore More

    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....

    The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud Explore More

    Blog, Online Marketplace

    Know Your Customer Verification for Charity Organisations

    They say no good deed goes unpunished, if we were to take a look at it literally the frauds that ...

    Know Your Customer Verification for Charity Organisations Explore More

    Blog

    What is Biometric Consent Authentication?

    Biometric Consent Authentication is a modernistic approach to counter the increasing number of id...

    What is Biometric Consent Authentication? Explore More

    Blog

    License Verification for Online Transport Services

    License Verification for Online Transport Services The world of transport services has dramatical...

    License Verification for Online Transport Services Explore More

    Blog

    Unfolding Telecom Frauds through Effective KYC Compliance

    The growing adoption of smartphones has naturally spurred sharing of personal data. From providin...

    Unfolding Telecom Frauds through Effective KYC Compliance Explore More

    Blog

    FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks

    Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...

    FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks Explore More

    Blog

    The Role of Digital Identity in Business-Customer Relationship

    Dealing with any business online have you ever wondered where this relationship would go? We all ...

    The Role of Digital Identity in Business-Customer Relationship Explore More

    Blog

    Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks

    The AI revolution has enabled businesses to leverage the power of technology in KYC verification....

    Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks Explore More

    Blog, Identity & KYC

    Identity Verification Market ‘Hitting High Record’

    The advent of technology has pushed businesses to digitize their operations for better customer e...

    Identity Verification Market ‘Hitting High Record’ Explore More

    Blog

    Transforming the KYC Experience Using Automated Document Verification Checks

    In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...

    Transforming the KYC Experience Using Automated Document Verification Checks Explore More

    Blog

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification

    People across the world are spending more time on the internet ever since the pandemic struck the...

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification Explore More

    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...

    Ride Sharing Services and ease provided by KYC Services Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started