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

    us

    104.238.248.33

    Biometric Authentication: The Importance, Use Cases & Myths

    n-img-biometric-authentication

    Today’s business owners rank security among the highest priorities. As hackers continue to develop methods to circumvent even the most advanced security systems, it remains challenging for businesses to keep sensitive data, customer information, and trade secrets safe. Many companies have switched to biometric technology like fingerprint scanners and facial recognition software since traditional security methods like passwords and knowledge-based authentication have been shown to be vulnerable. 

    In 2022, more than $16 billion records containing passwords, personal and financial information have been disclosed on cybercriminal forums. According to IBM, a data breach may cost an organisation an average of $3.86 million, though others have been much more costly. For context, it is believed that the whole cost of the Equifax breach in 2017 was $700 million, while the total cost of the Marriott breach in 2018 was over $200 million. Let’s pretend these scary numbers aren’t enough to convince businesses to improve authentication procedures. In this scenario, rules such as Europe’s Payment Services Directive 2 (PSD2) are hastening efforts to implement Multi-factor Authentication.

    Deep Dive into Biometric Authentication

    Biometrics is a form of security that uses an individual’s distinct physical characteristics to confirm identification. These include things like fingerprints, iris scans, retinal patterns, and facial recognition. When a user attempts to log in to a system or enter a restricted area, the biometric data is used to swiftly and accurately validate the person’s identity. Biometric authentication is often more secure than conventional authentication methods since it relies on information that is highly specific to each individual.

    Biometric user authentication is typically used to enter a protected online account or open a locked door or gate. Still, it is increasingly being integrated into everyday electronics as well. Private corporations and government agencies still use biometric authentication technologies at checkpoints and border crossings. The following are examples of widely used biometric user authentication methods:

    Facial Recognition – This system compares the user’s face to a database of pre-verified faces based on various measurements and attributes.

    Fingerprint Scanner – Fingerprints are scanned to capture distinctive patterns of ridges and swirls.

    Eye scanners – Iris and retina scanners are readily available. Iris scanners are used to identify people by analysing unique patterns in their irises. Light from a retina scanner is directed onto the eye, where the individual practices of the retina’s blood vessels become visible.

    Voice Recognition – It takes many measurements of a person’s voice to build a unique “voiceprint” that may be used to find a match in a database.

    In today’s world, businesses that need to safeguard access, data, or other aspects of operations can rely on fast, accurate, and convenient biometric verification.

    Traditional Methods of Authentication

    Some of the most common authentication types used for decades include passwords and knowledge-based verification. Many of these approaches come with difficulties and security threats that businesses must weigh.

    Document/Token Authentication

    Unlike password-only authentication methods, those that rely on documents or tokens require a physical object like a key card, document, or other token in addition to a user’s credentials. Physical tickets present usability issues for document/token authentication. Software tokens, which can be installed on a user’s mobile device or kept on a PC, have grown in popularity in recent years.

    Password Authentication

    Many people still use passwords as authentication for things like computers, email, and online transactions. Email, computers, and other online user accounts almost always require a username and password for access.

    Phishing attacks, social engineering, and the underground web all contribute to the fact that passwords aren’t really safe to use. Passwords that are simple to guess are used frequently. The risk of having an online account compromised increases when users either forget passwords or reuse them across several sites.

    SMS Authentication

    Text message authentication (SMS) is typically used as an out-of-band authentication procedure that necessitates confirmation from two independent channels or networks. SMS authentication involves sending a one-time password or security code to a user’s mobile phone via text message.

    Adding SMS authentication to passwords improves security in comparison to using passwords alone. However, there are still some security holes. Snooping and man-in-the-middle attacks can compromise its safety. This authentication method also requires the user to have the phone within close proximity, which is only sometimes the case.

    Knowledge-Based Authentication

    Knowledge-based authentication systems employ a standard key to verify a user’s identity. Typically, this data is submitted once during account creation and again when prompted. The inquiry “What is your mother’s maiden name?” is popular. However, interviewees can choose from a broader range of inquiries, such as, “What is your pet’s name?”

    Unfortunately, scammers may easily find the answers to secret inquiries with little effort, thanks to social media and the dark web. They can then easily assume someone else’s identity by using such data.

    Importance of Biometrics Authentication

    Unauthorised Access Protection

    Before allowing someone or something access to private data or systems, authentication ensures that they are who they say they are. It is essential in preventing unauthorised access because it limits access to the data to those authorised.

    Without authentication, the information is vulnerable to theft, tampering, or breach because anybody can access it. Authentication can protect against many security risks, including phishing, hacking, and social engineering. Fortunately, the likelihood of these risks can be drastically reduced, along with the need to protect sensitive information and assets, by introducing authentication.

    Various approaches, including traditional username/password combinations, one-time passwords, security tokens, and biometric identifiers like fingerprint and facial recognition, can be used to verify business activities. These procedures are intuitive and flexible enough to meet individual needs.

    Compliance

    There are a number of regulations and statutes that mandate authentication systems be put in place by businesses to safeguard private data. Adherence to these rules is essential for keeping oneself free of legal trouble.

    The healthcare, financial, and public sectors are particularly affected by compliance regulations. For instance, HIPAA laws in the healthcare industry stipulate that biometric authentication methods must safeguard patients’ private health data. Failure to comply with these guidelines may result in costly legal ramifications.

    Convenience

    Authentication can simplify the process of gaining access to protected data. Authentication comes in many forms and can be used to hide private information, such as single sign-on (SSO), multi-factor authentication, and biometric authentication.

    SSO allows users to sign into many systems and applications with a single set of credentials. When a user logs in, multi-factor authentication (MFA) increases protection by requesting additional proof of identity beyond a single factor. Fingerprints, facial recognition, and voiceprints are just a few examples of biometrics that can be used to confirm an individual’s identification.

    Accountability and Auditing

    Authentication makes it possible to record when and by whom a given resource was accessed. Businesses must determine who is at fault when a data breach or other security event occurs. Businesses can drastically improve their security posture through audits and accountability and realise compliance.

    Authentication lets businesses keep tabs on who has accessed private data and when. Potential security holes can be uncovered and addressed with this data. Accountability and auditing can also be used to spot behaviour patterns that could pose a security risk, allowing for preemptive action to be taken.

    Trust And Reputation

    Trust and credibility are enhanced by authentication. Data confidentiality is maintained, and the company’s good name is safeguarded because of this. When a business uses robust authentication mechanisms, partners, customers, and other stakeholders are likelier to trust it.

    Robust authentication methods allow businesses to show consumers and other stakeholders that they care about protecting the confidentiality of customer’s personal information. Increased client loyalty and trust can ultimately result in more business and a more robust standing in the market.

    Use Cases of Biometric Authentication

    Many businesses and sectors have found uses for biometric authentication. Here are a few specific ways that various sectors implement biometrics to strengthen current procedures’ security and efficacy.

    Hospitality and Tourism

    Passengers can now use facial recognition to check in at some airports and airlines. Self-check-in through biometric authentication is also becoming more commonplace in the hospitality industry.

    Financial and Banking Operations

    Mobile banking, like many other sectors, relies heavily on secure connections and robust authentication methods. Banks implement biometric authentication as part of a multi-factor or two-factor authentication strategy to prevent account takeover threats.

    Healthcare

    Hospitals can benefit significantly from biometric authentication tools like fingerprint scanners, iris scanners, and facial recognition to verify a patient’s identification and grant only authorised personnel access to medical records.

    Dispelling Myths About Biometrics

    Despite the growing interest in biometric authentication technologies, widespread acceptance is being held back by a number of things that need to be clarified. The four most common false beliefs about biometric authentication are as follows:

    Myth: Biometrics invades privacy

    Facial recognition in the wild is very different from other forms of biometric authentication that users might choose to participate in. By nature, biometric authentication systems require user permission during enrollment. Furthermore, a central repository for photographing people’s faces must be found. Instead, an encrypted mathematical representation of the face is stored for later use in making comparisons. Even if it were stolen, it would be of little use to an attacker.  

    Myth: Static pictures and photos can trick biometric identification

    It’s possible this happened with older or less secure authentication methods. However, cutting-edge biometric authentication tools have liveness detection capabilities that enable them to tell the difference between a genuine biometric trait and a mask, model, image, or video. The user’s blinking or head movement may be used as authentication, although other liveness-detecting mechanisms operate automatically. 

    Myth: Biometric models expire with age or feature changes

    The worry is that a user’s face may gradually alter as they age to the point where the system no longer recognizes them. In most cases of biometric authentication, the user authenticates frequently enough that even minor changes in look will not render the match invalid. Instead, the model will be modified mathematically when it detects new details.

    If the user is previously known, biometric identification may only be used: Behavioural biometrics analyses how a user interacts with the device. You can build a profile of a user’s habits—how they hold their phone, swipe, and type—to verify identity or assess the safety of a financial transaction. Behavioural biometrics can help establish whether a new account holder is a legitimate human being or a malicious bot or attacker by comparing behaviour to that of a large sample of users.

    How can Shufti Help

    Shufti revolutionises digital security through cutting-edge biometric solutions. Their advanced authentication services, including facial recognition and fingerprint scanning, ensure the highest level of protection against fraud and unauthorised access. Simultaneously, Shufti prioritises user convenience with features like the “selfie login,” simplifying the login process and enhancing the overall user experience. Shufti is at the forefront of modern biometric security solutions by deterring spoofing and impersonation attacks while providing a seamless and secure user journey.

    With Shufti, organisations can confidently safeguard systems and sensitive data while delivering an intuitive, hassle-free user experience. This dual focus on security and user-friendliness positions Shufti as a trusted ally in the ongoing battle against digital threats and fraud.

    If you want to know more about how Shufti can help organisations with biometric authentication services. 

    Talk to Expert

    Related Posts

    Blog, Online Marketplace

    KYC for Financial Institutions

    E-KYC for Financial Institutions Imagine you’re the owner of a brokerage firm. You’re not exactly...

    KYC for Financial Institutions Explore More

    Blog

    Know Your Patient (KYP) – the next big thing in health care

    Its high time the hospital industry must think beyond providing just giving medical assistance to...

    Know Your Patient (KYP) – the next big thing in health care Explore More

    Blog

    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...

    Enhanced Due Diligence Checks | The Art of Mitigating Risks Associated with Third-Parties Explore More

    Blog

    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...

    COVID Passports – Bringing Convenience to the Travel & Tourism Sector Explore More

    Blog

    AML Compliance – Putting an End to Money Laundering in Crypto Firms

    In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...

    AML Compliance – Putting an End to Money Laundering in Crypto Firms Explore More

    Blog

    5 Reasons to Invest in Intelligent Character Recognition Services

    Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...

    5 Reasons to Invest in Intelligent Character Recognition Services 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

    KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces

    The development of coworking platforms has led to a business transformation that brings security ...

    KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces Explore More

    Blog

    Debunking the Top 5 Misconceptions about KYC Compliance

    Know Your Customer (KYC) compliance suffers from the issue of unintentional secrecy. Businesses h...

    Debunking the Top 5 Misconceptions about KYC Compliance Explore More

    Blog

    Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification

    Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...

    Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification Explore More

    Blog

    The Crucial Role of Face Liveness Check in Fintech

    Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...

    The Crucial Role of Face Liveness Check in Fintech Explore More

    Blog

    The Digital Black Market for Identity Data

    The collection, purchase, or trade of customer data is big business. Unless organizations and ind...

    The Digital Black Market for Identity Data Explore More

    Blog

    Politically Exposed Person – An unsaid threat to Businesses

    A politically exposed person or PEP is the one who has been assigned to perform prominent public ...

    Politically Exposed Person – An unsaid threat to Businesses Explore More

    Blog, Identity & KYC

    ICOs and KYC Compliance

    With the surge in digitalisation of payments and crowdfunding; the need to set proper standards f...

    ICOs and KYC Compliance Explore More

    Blog

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering 

    In the complex landscape of identity fraud, the smallest details can make the biggest difference....

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering  Explore More

    Blog

    Understanding False Positives in AML Transaction Monitoring

    Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...

    Understanding False Positives in AML Transaction Monitoring Explore More

    Blog, Reg Tech

    How Identity Verification Services make Regulatory Compliance Easier?

    Financial institutions and banks have ended up in a loop of dumping billions of dollars because o...

    How Identity Verification Services make Regulatory Compliance Easier? Explore More

    Blog

    Verifying identity in India

    Verifying identity in India Explore More

    Anti Money Laundering, Blog, Financial Crime / AML

    Why PEPs are High Risk and a Threat To Your Business?

    In the Financial and Trade industry, you may have often heard the term PEPs and the importance of...

    Why PEPs are High Risk and a Threat To Your Business? Explore More

    Blog

    How Transaction Monitoring Can Ensure Secure Online Services

    A safe and comprehensive transaction monitoring system is increasingly important in an era charac...

    How Transaction Monitoring Can Ensure Secure Online Services 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

    Establishing trust in Open Banking through Identity Verification

    Over the last few years, open banking is becoming an emanated global trend. This rising trend is ...

    Establishing trust in Open Banking through Identity Verification Explore More

    Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC

    The FinTech Industry: A Snapshot

    What is FinTech? Financial technology, known more commonly as FinTech, is a term that refers to t...

    The FinTech Industry: A Snapshot Explore More

    Blog

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud

    Document verification is the most important stage when it comes to doing online business, getting...

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud 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

    Affiliate Fraud Detection | How to Prevent it in 2024

    Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...

    Affiliate Fraud Detection | How to Prevent it in 2024 Explore More

    Blog

    How machine learning changed facial recognition technology?

    We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...

    How machine learning changed facial recognition technology? Explore More

    Blog

    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...

    Holiday Season – The Time of the Year When Frauds Soar Sky High Explore More

    Blog

    Anti-Money Laundering (AML) Solution- Eradicating Money laundering and Securing Ride-Hailing Services

    Due to the coronavirus global pandemic, the ride-hailing sector continue to grapple. As per new e...

    Anti-Money Laundering (AML) Solution- Eradicating Money laundering and Securing Ride-Hailing Services Explore More

    Blog

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks

    With emerging technologies, financial services are witnessing a digital revolution that is changi...

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks Explore More

    Blog

    May 2023 Recap: The Latest Global Regulatory Updates

    Technological advancements have paved the way for scammers to perpetrate various financial crimes...

    May 2023 Recap: The Latest Global Regulatory Updates Explore More

    Blog

    NFC Verification – Securing Large-scale Events from Frauds

    Large-scale events are a great way for imposters to execute their illicit plans. Data breaches, m...

    NFC Verification – Securing Large-scale Events from Frauds Explore More

    Blog

    Shufti to Revamp Customer Experience with Enhanced Video KYC UX

    Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...

    Shufti to Revamp Customer Experience with Enhanced Video KYC UX Explore More

    Blog

    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 ...

    How to protect your online gaming platform from ID frauds? Explore More

    Blog

    High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help

    Money laundering and terrorist financing are becoming a global concern. To overcome the risk of c...

    High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help Explore More

    Blog

    Video KYC – Answer to Digital Revolution in the Gulf Region & UAE

    The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...

    Video KYC – Answer to Digital Revolution in the Gulf Region & UAE Explore More

    Blog

    Five Things you Need to Know About Shufti’s Digital Identity Verification

    The growing digital fraud, stringent KYC and AML regulations put in place, and the increasing bur...

    Five Things you Need to Know About Shufti’s Digital Identity Verification Explore More

    Blog

    New Regulatory Initiatives to Revamp the US Crypto Landscape

    With digital currencies gaining prominence, the US financial landscape has seen major transformat...

    New Regulatory Initiatives to Revamp the US Crypto Landscape Explore More

    Blog, Fraud Prevention, Online Marketplace

    Why Digital KYC is Important for Insurance Fraud Prevention

    KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...

    Why Digital KYC is Important for Insurance Fraud Prevention Explore More

    Blog

    How Online ID Verification Supports Age-restricted Sellers?

    The online stores selling age-restricted products like gaming services, medicine or drugs are in ...

    How Online ID Verification Supports Age-restricted Sellers? Explore More

    Blog, Online Marketplace

    Social Media and Identity Theft Frauds

    Imagine this: You get up in the morning and like most people; check your email. There you have an...

    Social Media and Identity Theft Frauds Explore More

    Blog

    Latest Regulatory Updates on KYC Verification for Crypto Exchanges

    Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...

    Latest Regulatory Updates on KYC Verification for Crypto Exchanges 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

    Transaction Monitoring: Going Beyond AML Screening

    Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...

    Transaction Monitoring: Going Beyond AML Screening 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...

    Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022 Explore More

    Blog

    Japanese FSA to Beef Up AML Systems from Fiscal 2021

    Growth in South Asia has far exceeded that in any other country over the past few years and digit...

    Japanese FSA to Beef Up AML Systems from Fiscal 2021 Explore More

    Blog

    FinCEN Files – Banks abandoning front-line defenses against money laundering

    Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...

    FinCEN Files – Banks abandoning front-line defenses against money laundering Explore More

    Blog

    Crypto Regulations 2021 – What Digital Currency Providers Need to do

    Cryptocurrency has been a hot topic ever since its advent in 2009. The ability to draw investor a...

    Crypto Regulations 2021 – What Digital Currency Providers Need to do Explore More

    Blog

    KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers

    Cybercrimes are becoming increasingly complex and diverse in the era of digitization, with frauds...

    KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers Explore More

    Blog

    Eradicating Financial Crimes in Online Gambling using NFC Verification

    Emerging technologies have altogether revolutionized the online gambling industry and instead of ...

    Eradicating Financial Crimes in Online Gambling using NFC Verification Explore More

    Blog, Financial Crime / AML

    AML Screening in the light of Compliance Regimes Around the Globe

    AML compliance is inevitable for all types of businesses around the globe. The regulatory complia...

    AML Screening in the light of Compliance Regimes Around the Globe Explore More

    Blog

    Video KYC (VKYC) | Identity Verification and Fraud Prevention

    In the last few years, the verification industry has experienced remarkable expansion. As our tec...

    Video KYC (VKYC) | Identity Verification and Fraud Prevention Explore More

    Blog

    5 reasons why passwords are no more safe – What’s next?

    Online platforms are using passwords to secure the privacy and data of their users – but ar...

    5 reasons why passwords are no more safe – What’s next? Explore More

    Blog

    The Top 10 Benefits of the Know Your Customer Lifecycle

    In this digital age, where transactions occur remotely and identity theft is rising, establishing...

    The Top 10 Benefits of the Know Your Customer Lifecycle Explore More

    Blog

    COVID-19 Pandemic – What it holds for businesses?

    The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...

    COVID-19 Pandemic – What it holds for businesses? Explore More

    Blog

    Biometric Authentication – How Do Fraudsters Try to Bypass These Checks?

    Biometric authentication is one of the ideal ways of dealing with fraudsters. Unfortunately, crim...

    Biometric Authentication – How Do Fraudsters Try to Bypass These Checks? Explore More

    Blog

    How Artificial Intelligence is taking ID verification to the next level?

    Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...

    How Artificial Intelligence is taking ID verification to the next level? Explore More

    Blog

    NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem

    Non-Fungible Tokens (NFTs) are by far one of the most popular topics right now. Artist Mike Winke...

    NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem Explore More

    Blog

    FATF’s Stance on Digitizing FIUs and Adopting A Risk-Based Approach for VAs

    The Financial Action Task Force (FATF) is tirelessly working to guide Financial Intelligence Unit...

    FATF’s Stance on Digitizing FIUs and Adopting A Risk-Based Approach for VAs Explore More

    Blog

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution

    High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution Explore More

    Blog

    4 Ways How Technology Can Simplify KYC and AML Workflow Management

    While the terms AML and KYC are used interchangeably, there is a huge difference between the two....

    4 Ways How Technology Can Simplify KYC and AML Workflow Management Explore More

    Blog

    Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021

    On 16 July 2021, the US Financial Services Task Force on Artificial Intelligence held a virtual h...

    Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021 Explore More

    Blog

    Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help

    The real estate industry has long provided a safe way for fraudsters to secretly launder or inves...

    Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help Explore More

    Blog

    European Payments Initiative Calling for IDV Solutions

    The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...

    European Payments Initiative Calling for IDV Solutions Explore More

    Blog, Online Marketplace

    Social Media and Identity Theft Frauds

    Imagine this: You get up in the morning and like most people; check your email. There you have an...

    Social Media and Identity Theft Frauds Explore More

    Blog

    The Latest AML Violations and the Role of Transaction Monitoring

    In the evolving regulatory landscape, combating financial crimes has become a top priority of reg...

    The Latest AML Violations and the Role of Transaction Monitoring Explore More

    Blog

    A Brief Overview of the RegTech Industry [2022 Update]

    The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...

    A Brief Overview of the RegTech Industry [2022 Update] Explore More

    Blog

    A Deep Dive into Know Your Business Verification

    Customer verification is essential for all businesses to onboard legitimate customers, but what a...

    A Deep Dive into Know Your Business Verification Explore More

    Blog

    Covid Test Verification To Facilitate Tourism Worldwide

    Due to the coronavirus pandemic, tourism has been adversely affected and the entire travel sector...

    Covid Test Verification To Facilitate Tourism Worldwide Explore More

    Blog, Business Technology, Financial Crime / AML, Identity & KYC, Online Marketplace

    Know Your Business: The Next Step in Identity Verification

    The complex regulatory environment and increased exposure to illegal activities indicate that bus...

    Know Your Business: The Next Step in Identity Verification Explore More

    Blog

    Biometric Facial Recognition – Combating Identity Fraud with Shufti’s IDV Solution

    Since knowledge-based authentication and passwords were first introduced, security systems in ban...

    Biometric Facial Recognition – Combating Identity Fraud with Shufti’s IDV Solution Explore More

    Blog

    A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview]

    Over the past few years, the financial industry has witnessed significant technological changes, ...

    A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview] 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