Blog
Covid Report Verification: New Restriction for Airports
The Covid-19 cases have drastically increased over time and as of February 6, 2021, 18,262 new ca...
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Rising Concerns of Money Laundering and the Role of Global Financial Sanctions
Since 9/11, money laundering has become a global issue that has raised alarms for financial watch...
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A Year In Review of the FinTech Industry [2021 Update]
The FinTech industry is soaring with a record of $91.5 billion in global funding so far this year...
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Shufti’s AML Screening Solution – How to Comply with Germany’s AML Regulations
The stability of the global economy is at risk pertaining to the rapidly growing issues of money ...
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ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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The Worldwide Response on Covid Vaccine Passports – A Brief Insight
One question that is being asked around the world with great urgency is, would freedom be granted...
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KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions
In the ever-evolving landscape of finance, having a solid defence against financial crime is cruc...
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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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11 Common Mistakes End-Users Commit During KYC – Shufti
KYC identity verification is one big challenge for end-users. Your customers might be making a lo...
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Blog
A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses
Most of our processes, including financial and business dealings, have now shifted to online plat...
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Blog, Identity & KYC
Which KYC Documents are Required for Customer Verification?
Name, Rank, Brigade, and Serial Number. That’s the only information military organizations across...
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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...
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Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech
EU’s Sixth Anti-Money Laundering Directive (AMLD6)
Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...
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Blog
On-Premises Identity Verification – A Solution to Prevent Data Breaches
From virtual modes of communication to digitised solutions for operating efficiently, the perks o...
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Blog, Online Marketplace
ID Verification Ensuring Safety Deals in Real Estate Sector
Buying and selling properties for people are major, thought-provoking decisions. It requires week...
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Blog
Customer Identification Programme (CIP) vs Know Your Customer (KYC) | What’s the Difference?
Often, people confuse CIP and KYC and think both are the same. Customer Identification ...
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Blog
Global KYC and AML Regulatory Updates To Watch for in 2022
In 2022, the world continues to experience the serious aftermath of the coronavirus pandemic, yet...
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Blog, Online Marketplace
ID Verification Ensuring Safety Deals in Real Estate Sector
Buying and selling properties for people are major, thought-provoking decisions. It requires week...
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Blog
Biometric Authentication: Use Cases and Advantages
What is Biometric Authentication?
Biometric authentication refers to the process of using unique ...
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10 Frequently Asked Questions about Real-time Document Verification
As we’re propelled deeper into digital transformation, techniques employed by scammers are ...
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Blog
Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference?
Ensuring robust identity verification processes is necessary with the ever-increasing n...
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Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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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...
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Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers
Business relationships always come with associated risks that require carefully implemented measu...
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April 2023 Recap: Major AML Fines and Key Events
With the world embracing digital transformation, scammers have adopted sophisticated strategies t...
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COVID Passports – Bringing Convenience to the Travel & Tourism Sector
“Sorry, the earth is closed today.”
Tony Stark’s sarcastic dialogue became the worst possible re...
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High-Risk Customers in Banking and How EDD Can Help Identify Them
In this age of digitisation, banks and other financial institutions face a high risk of money lau...
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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...
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Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti
Businesses deplete millions of dollars each year on outdated technologies, employee training, and...
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Know Your Patient (KYP) – Effective Way to Prevent Identity Fraud and Safeguard Health Care Services
Like other industries, the medicare industry is also experiencing digitization. However, the heal...
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5 Key Questions about Facial Recognition Answered by Experts
Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...
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Identity Verification vs Authentication: The Key Differences
Organisations today face significant concerns regarding data breaches and identity theft. Nearly ...
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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 ...
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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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Blog
The Future Of the Financial Sector in the Gulf Region
Digital transformation, that has undoubtedly disrupted numerous industries worldwide, has reached...
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Artificial Intelligence, Blog
How Augmented Intelligence is next stop in ID Verification Services?
Augmented intelligence (AI), also referred to as intelligence augmentation (IA) and cognitive aug...
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Blog
Covid Test Verification To Facilitate Tourism Worldwide
Due to the coronavirus pandemic, tourism has been adversely affected and the entire travel sector...
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Blog
A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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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
KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future
The rise of decentralized services in the form of digital asset trading platforms and DeFi consta...
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Blog, Financial Crime / AML
Secure Crypto Wallets with e-KYC & AML Screening
Payment and funds’ transfer has taken a more digital turn in recent years, with the onset of Cryp...
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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, Online Marketplace
Fraud Protection services for Online Retail Businesses
Online Marketplace faces Chargeback issues
Fraud Protection Services are an integral part of reta...
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Blog
Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide
The threat for money laundering and terror financing continue to increase with global a...
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Blog
Shufti’s Journey Builder: Designing Identity Verification Made Simple
As financial regulations around the world become more complex and ever changing, businesses like ...
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Blog, Identity & KYC
7 Ways to Protect Your Children from Identity Theft
Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...
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Blog
Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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Blog
Face Verification – Trends and Benefits for the Corporate World in 2021
Face verification technology has gained popularity over the past few years. A biometric authentic...
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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...
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Strategic KYC/AML Checks for the Financial Industry – Staying a Step Ahead of Fraudsters
In recent times, the financial industry has witnessed significant technological changes which hav...
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The Power of Robotic Process Automation in the Banking Industry
Entering into the fourth industrial revolution, business processes are shifted to the digital sph...
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Blog
Online Video KYC: Eliminate the Risks of Identity Theft
The growing danger of cybercrime and data breaches has heightened the demand for effective verifi...
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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
Implementation of AML compliance – Challenges and fundamentals
With the advancement in security controls, financial businesses are becoming fraud and stress-fre...
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Blog
Disruptive Fintech Trends 2020
Fintech has changed the way consumers access their finances. From mobile payment apps to insuranc...
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Blog
Combating Money Muling Activities With Shufti’s AML Screening Services
The coronavirus pandemic has brought about unusual changes in industries and lifestyles across th...
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Blog
Integrated Compliance Management – Mitigating the Regulatory Risks
Businesses operating in the financial sector often face organizational and compliance challenges....
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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 ...
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Blog
Fighting Fraud in Gaming & Gambling Industry with AML Screening Services
The online gaming sector is on the roll and is projected to surpass $172.23 billion by 2030. Irre...
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Blog
Biometric Authentication Technology – Everything you Need to Know
Nowadays businesses are looking for more secure systems for the sole reason of customer authentic...
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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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Blog, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog
How to Protect Yourself From Cyber Crime in the Holiday Season?
Most people around the world do the majority of their shopping during the holiday season. Accordi...
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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...
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Blog
Metaverse and Meta Criminals – Is it Possible to Secure Identities with IDV?
Ever since Mark Zuckerberg changed Facebook’s name to Meta, the acronym “metaverse” has taken ove...
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Blog
Video KYC – Ultimate Solution for Financial Institutions
With social distancing becoming the necessity during the pandemic, more and more companies began ...
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Blog
Anti-Money Laundering Compliance for Crypto Exchanges [2021 Update]
Anti-Money Laundering compliance solutions are gaining popularity in all corners of the world. Un...
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Blog
Implementing Robust Anti-Money Laundering Checks for the Insurance Sector
Insurance companies play a decisive role in the considerable growth of an economy. It turns accum...
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Blog
AML Compliance in the Insurance Sector – Red Flags to Look Out For
The insurance sector commonly faces criminal activities like money laundering and terrorist finan...
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Blog
Here’s to 2021 – NFTs Conquering the Crypto Market
From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...
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Blog
10 Fraud Signals Every Industry Must Monitor
Gone are the days when businesses paid attention to customer verification only. Today, organizati...
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Blog
Fintech Compliance – Boogeyman for Trillion Dollar Industry?
Fintech industry is flexing its muscle by bringing onboard more and more customers and innovating...
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