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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Blog
How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification
The customer journey with a business is very comprehensive. It does not end once the customer is ...
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Blog
Crypto KYC: A Growing Need for Industry Regulation
The recent development of cryptocurrencies has resulted in a new era of financial transactions th...
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Blog
A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA
The forex industry is recognizable for being a dynamic and profitable platform due to its high li...
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Top 5 Countries Impacted by Money Laundering – How Shufti Helps Mitigate the Risks
Today, money laundering has permeated almost every regulated market and has become the most occur...
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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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Blog, Identity & KYC
Employees’ Digital Identity Verification for Remote Hiring
With the age of technological advancement, the world is becoming a heavily connected global villa...
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Need for Identity Verification in Real Estate and Its Real-World Use Cases
The real estate industry is in dire need of identity verification processes. The reason being, th...
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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...
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Blog
Optical Character Recognition (OCR) – Powering Shufti’s Document Verification
Trust is a key factor when it comes to doing business or getting financial services from banks. A...
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Blog
KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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Holiday Season – The Time of the Year When Frauds Soar Sky High
Despite being the “most wonderful time of the year”, the holiday season is known to have the high...
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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...
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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...
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Blog
The Advantages of Know Your Business (KYB)
Know Your Business (KYB) policies are a recent innovation in the field of fraud prevention. Since...
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Blog
Antiquities Market – A Conduit of Money Laundering and Terror Financing
Money laundering and terror financing through art and antiquities has been a concern of regulator...
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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...
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Blog
Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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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...
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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...
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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...
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Blog
Preventing Criminal Abuse of the Australian Crypto Market with Shufti’s AML Screening Services
Cryptocurrencies have been around for a decade and investors have found a feasible option for inv...
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Blog
AML Compliance and Digital Banks – Understanding the Evolving Regulatory Landscape
The emergence of new technologies in FinTech, increasing use of digital currencies, and alternati...
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Blog
Art Market in the Frame of Money Laundering
The highly volatile finance and crypto sector is not appealing for many investors, so they turn t...
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Blog
5 Features of the Best Transaction Monitoring Solution
Criminals are continuously devising sophisticated strategies to launder illegally-acquired money....
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AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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Blog, Fraud Prevention
Internet of Things: B2B IoT Segments about to hit $300 Billion by 2020
The Internet of Things is growing exponentially with respect to its usage and capabilities. A who...
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Blog
The Most Common Cryptocurrency Scams and the Role of e-IDV
Cybercrimes and scams are rampant across the digital space, and cryptocurrency is no different. W...
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Blog
Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks?
The eCommerce industry continues to grow rapidly, so are fraudulent activities. According to Stat...
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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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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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Blog
Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay?
Regulatory pressure, hefty penalties and increasing criminal instances are some risks associated ...
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Blog
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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Blog
ETSI Identity Proofing Standard – How to Meet the New Regulations
Rapid digitization trends have led banks and financial institutions into competition for providin...
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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...
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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
Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification?
The way things are headed, there is no doubt about the fact that the world will be a different pl...
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Blog
Role of Enhanced Due Diligence in Combating Money Laundering
Enhanced Due Diligence (EDD) is an advanced and refined version of KYC due diligence process that...
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Blog
Fighting ID Fraud in the Healthcare Industry With Online ID Verification
While the coronavirus outbreak has emerged with a lot of challenges for the healthcare industry, ...
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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
The 10 Biggest DeFi Hacks of 2022 and How Can KYC/AML Compliance Help
The crypto industry witnessed a challenging year in 2022, marked by numerous hacks and scams, hig...
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Blog
Debunking the Top 5 Misconceptions about KYC Compliance
Know Your Customer (KYC) compliance suffers from the issue of unintentional secrecy. Businesses h...
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Blog
Simplify Payment Processes with Biometric Authentication
A developing trend that is altering how customers handle their money is the use of biometric auth...
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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...
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Blog
Forex | The Use of Identity Verification
In addition to safeguarding clients, forex brokers have legal and regulatory obligations to uphol...
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Blog
The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide
International collaboration and cross-border transactions have become the norm in our interconnec...
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Blog
Online Identity Verification – The Hallmark of Surviving the Digital Upheaval
Embracing the digital world seems like entering uncharted waters where the challenges are novel, ...
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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
FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks
Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...
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Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Blog
Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Blog
Fintech 2021: KYC/AML Bringing New Innovation to the Table
2020 was all about surviving the pandemic, but it has also kickstarted a new wave of innovation. ...
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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...
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Blog, Financial Crime / AML
South Korea want Crypto Exchanges to adopt Digital KYC and AML Compliance
South Korea is soon going to adopt regulatory measures to bring in crypto exchanges under regulat...
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Blog, Business Technology
Fintech Trends – Unlocking the Unmapped Potential
Fintech, a blend of two words Finance and Technology, represents the collision of two worlds that...
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Blog
Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks
Businesses are under constant threat of financial damage. This is primarily because cybercriminal...
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Blog
Know Your Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
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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...
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Blog
EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?
From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...
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Blog
Know Your Patient (KYP) | 4 KYP Compliance Trends for 2024
Nothing is more constant than change, and this is never more evident than in the Know Your Patien...
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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...
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Blog
The Complete Guide | Transaction Monitoring for Financial Institutions
With technological advancement, financial criminals have also been given a wider range of tools a...
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Blog
The Expected No-Deal Brexit and AML/CFT Laws in the UK
The current prime minister of the UK Mr. Boris Johnson made a statement that the UK should be rea...
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Blog
Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud
The consumer demand for biometric and facial authentication technologies is rising, with the mark...
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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...
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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...
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Blog
Fintech 2021 – A Brief Insight of Global KYC Regulations
Financial services are among the most heavily regulated sectors in the world, and the number one ...
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Blog
Future Prediction of Identity Verification for Businesses
Ensuring a user’s real identification has become crucial in the age of digitisation. Busine...
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Blog
Mobile Banking Adoption and the Rising Fraud Concerns Worldwide
People have been repeatedly talking about the COVID-driven digital “transformation” in the bankin...
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Blog
Digital Document verification – an efficacious method of ID card scanning
Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...
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Blog
Evolution of Digital Payments and Prevailing Crimes – How Shufti’s AML Screening Can Help
With emerging technologies, the digital payments trend is rising, and users are executing frictio...
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