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

    2a03:2880:f800:1c::

    Biometrics technology a key to key-free world

    biometric

    In 2016, the biometric market in the United States reached $3.52 billion U.S Dollars and is expected to grow significantly in the coming decade. The global market for biometrics verification solutions is over USD 2.1 Billion according to estimation. According to a survey, 48% of the businesses are happily adopting biometrics for verification and providing access to their customers. Biometric identification can help a more secure yet cost-effective alternative for user access than the traditional old method of identification like PIN and passwords. 

    Biometric Technology Taking Over Identity Verification:

    A study revealed that almost by 2020 biometric technology for user authentication will be used by 90% of the business. It is a fact to reckon that the compliance regulations are quite strict when it comes to the collection of biometric data of any person. Biometric verification technology is falling foul of privacy concerns but still, its usage is vastly increasing in almost every sector like healthcare, education, travel industry, financial institutes, etc for security purposes. 

    Biometric technology is taking over the verification processes as we know it. Facial Recognition Technology is even Pioneered at Olympic and Paralympic Games Tokyo 2020.

    Most of the people may have concerns like they say biometric is jeopardizing personal privacy but even then the reality remains eminent that it brings many benefits to our daily lives in this era of digital frauds. It has the following benefits:

    • Biometrics ensures accuracy
    • The system expels major safety threats
    • Many biometrics solutions are cost-effective
    • It is easy to use
    • User acceptance is increasing

    Following are the major areas where biometric technology can be seen taking over the identification process:

    Airport Security

    Making passengers skip security clearance lines and changing air travel experience. Face biometrics can remotely identify known criminals. Passengers board faster with self-services biometric kiosks. This technology is widely used in airports to increase the workflow and to run the security process more accurately. Face verification techniques are replacing tickets in the near future. You just have to show your face to get identified and to get all processes done in the blink of the eye at airports. Cool isn’t it?

    Attendance System

    Making employee attendance more accountable. Eliminating buddy-punching and timesheet fraud. Enhancing productivity and saving money drained in hours not worked. 

    Bank Security

    Saving banks from cyber-criminals as well as physical threats. Making sure visitors are who they say they are. This technology is used to gain customer’s confidence with enhanced security. Banks need to comply with KYC and AML checks per regulatory authorities. In order to perform identity verification process, biometric technology is a great help in streamlining the cumbersome procedure. This technology is being widely used to detect and know the clients in business sectors like banks and other financial institutes to meet KYC regulations.

    Cashless Shopping

    Replacing traditional payment cards with biometric ones to secure them. Payment authentication with a PIN or an OTPP has become a thing of the past with biometric cashless shopping. According to Biometrics research group inc. the report, the worldwide mobile payment transactions are expected to reach $750 billion by 2020, with more than 700 million users. Biometric technology for payments has enormous advantages and a competitive edge in the market.

    Criminal Identification

    Safeguarding civil society with biometric identification of criminals. Criminals can be monitored remotely with biometrics and can be caught before any incident takes place. The study revealed that Americans are totally fine with copes using facial recognition technology to track criminals. Facial recognition is used by the FBI and other police departments spread across California, Maryland, Florida, and Ohio as a new weapon to track people. 

    Financial Transaction Management

    Making users more accountable for the transactions they perform. Management of financial transactions becomes more efficient with biometrically enabled transaction management.  

    Hotel Check-In

    Eliminating need for keys, magnetic stripe cards, chips or RFIDs to check-in to hotels. No more episodes of key or card loss incidents, only unrestricted access with guest biometrics. 

    Internet Banking

    Protecting internet banking customers by eliminating passwords and PINs. Users no more need to remember complex passwords and stay stranded at log-in screens. Account takeover fraud and identity theft risks can also be mitigated by using a biometric security system for online banking. 

    Mobile App Security

    Making app security reaches the next level with biometric authentication. Your fingerprint or face is more than enough to order food or book a movie ticket.

    PC Login Security 

    Making PC security unbreakable via biometrically enabled login. Forget passwords, now a touch of your finger or faceprint is enough for you to log in to your PC.

    Pharmacy Theft & Fraud

    Making pharmacy operations more accountable for biometric identity authentication. No more pharmacy theft and fraud using fake identities or false insurance claims. Hospitals were major target of cybercriminals for data breach cases. To protect private data of patients biometric technology plays a vital role by providing access only to verified persons. 

     

    Biometric Verification- All You Need To Know

    Biometric verification is not only effective at identity verification but it also has a competitive edge when it comes to processing time. Biometric verification not only enables a business to onboard clients with negligible risk of fraud but also performs this function in no time. This technology is perfect for both onsite and offsite verification of an upcoming user. The following are the important things to consider before choosing a biometric verification solution:

    • Method of biometric verification
    • Which regulations are governing biometric authentication in that territory where these solutions have to be implemented.
    • The targeted audience and their ability to flawlessly perform this. 
    • It should be checked if the verification has to be performed remotely or on location.
    • Before opting for a biometric authentication solution users should also be decided beforehand.

    When it comes to business identity plays a vital role and biometrics plays a vital role in this, it is a key component in apprehending and prosecuting a business. Identity theft that led businesses to pay penalties so businesses really need to know who they are dealing with what they are giving access to. Biometric verification has created a lot of ease for this cumbersome verification process. Biometric verification provides a shield to the business from an array of frauds related to identity theft. For organizations to ensure security due to the sheer range of dynamic frauds biometric technology has created a lot of ease. This technology is an easy solution for a cumbersome procedure of identity verification. 

    Biometric technology is quietly taking over space wherever user identification and authentication is a requirement. Traditional recognition methods have lost grounds to biometrics, due to their shortcomings. Biometrics offers an ideal balance of security and convenience. Unlike traditional authentication methods, it elevates security but not at the cost of user convenience. Biometrics is a single solution that offers logical as well as physical security. It can not only replace passwords on computers but also the door lock it is kept in. With biometrics creeping into everyday life, the day is not far it will entirely eliminate other ways of identification and authentication.

    Related Posts

    Blog

    UAE’s Crypto Landscape – Eliminating Financial Crime to Ensure Regulatory Compliance

    The UAE is the Middle East’s rapidly growing cryptocurrency hub that is experiencing a heated-up ...

    UAE’s Crypto Landscape – Eliminating Financial Crime to Ensure Regulatory Compliance Explore More

    Blog

    COVID Verification of Tourists: Is the Hospitality Sector Doing Much?

    COVID-19 has been a big hassle for everyone except for those who adopted the new normal quickly. ...

    COVID Verification of Tourists: Is the Hospitality Sector Doing Much? Explore More

    Blog

    NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes

    With revolutionary technologies and growing digitization, the digital version of artworks known a...

    NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes Explore More

    Blog

    EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age

    With technological advancement, hackers are also becoming smarter to bypass verification processe...

    EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age Explore More

    Blog

    Facial Recognition in UAE to Protect Private and Government Sector

    Continuous developments in the world of technology have led to many innovative solutions like fac...

    Facial Recognition in UAE to Protect Private and Government Sector Explore More

    Blog, Identity & KYC

    10 Quick Tips Regarding Identity Theft Protection

    Identity fraud has grown substantially in the past two decades, and unfortunately, it is here to ...

    10 Quick Tips Regarding Identity Theft Protection 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

    The Vital Role of AML Compliance for P2P Lending

    Archiac banking traditions saw loan applicants held in suspense, waiting for lengthy periods of t...

    The Vital Role of AML Compliance for P2P Lending Explore More

    Blog

    Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively

    Online gambling has seen significant adoption in the past few years because of the convenience, v...

    Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively 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

    Why KYC Solutions are becoming a norm in Cryptocurrency?

    KYC Solutions provide a great opportunity for crypto exchanges and virtual currency enthusiasts t...

    Why KYC Solutions are becoming a norm in Cryptocurrency? Explore More

    Blog

    Securing Banks and Curbing Financial Crimes with Shufti AML/KYC Solution

    Banks and other financial institutions constantly face the challenges of tackling financial crime...

    Securing Banks and Curbing Financial Crimes with Shufti AML/KYC Solution Explore More

    Blog

    AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps

    Money laundering has spread like a virus in today’s globalized society. Banks and other fin...

    AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps Explore More

    Blog

    Know Your Player – Preventing Identity Fraud in Sports Events

    The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...

    Know Your Player – Preventing Identity Fraud in Sports Events Explore More

    Blog

    Navigating the Evolving Landscape of Forex Trading: Insights from Hachem Rifai

    The foreign exchange (Forex) market stands apart as the largest and most liquid financial market ...

    Navigating the Evolving Landscape of Forex Trading: Insights from Hachem Rifai 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

    How OCR Helps in Fighting Financial Crimes?

    OCR, also known as Optical Character Recognition, isn’t a new technology. However, it’s use in fi...

    How OCR Helps in Fighting Financial Crimes? 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

    Video KYC in 2025: What It Is, How It Works & Why It Matters

    Introduction Lockdowns pushed remote onboarding from nicety to necessity, turning video KYC into ...

    Video KYC in 2025: What It Is, How It Works & Why It Matters Explore More

    Blog

    Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry

    The telecommunication industry has played a crucial role in global digitization, innovation, and ...

    Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry Explore More

    Blog, Financial Crime / AML

    Challenges of AML Compliance under FinCEN

    AML Compliance for US based Cryptocurrency companies has been tightened by Financial Crimes Enfor...

    Challenges of AML Compliance under FinCEN Explore More

    Blog

    The Age Verification Advantage: Speed, Trust, and Privacy

    Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...

    The Age Verification Advantage: Speed, Trust, and Privacy Explore More

    Blog

    AI-Powered OCR to Combat Challenges During Manual Data Processing

    Every industry has to deal with tons of customer data on a daily basis. Receiving information, ex...

    AI-Powered OCR to Combat Challenges During Manual Data Processing Explore More

    Blog

    Digital Safety for Social Media, Gaming & E-Commerce Platforms

    As people and businesses are getting more and more connected online, social media continues to pl...

    Digital Safety for Social Media, Gaming & E-Commerce Platforms 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

    Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help

    Since the start of civilization, humans have used money in several different ways, and throughout...

    Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help Explore More

    Blog

    FATF’s Travel Rule: A New Dawn of Regulations for Virtual Asset Services

    Here at the start of 2021, there is much uncertainty regarding the coronavirus situation, whether...

    FATF’s Travel Rule: A New Dawn of Regulations for Virtual Asset Services Explore More

    Blog

    Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]

    Biometric authentication is considered a convenient approach for onboarding online customers that...

    Insights Into Austria’s Biometric KYC Onboarding [2022 Updates] Explore More

    Blog

    Addressing Business Challenges Using OCR Scanner

    OCR text recognition is similar to how humans process and store information through reading. The ...

    Addressing Business Challenges Using OCR Scanner Explore More

    Blog

    Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers

    Business relationships always come with associated risks that require carefully implemented measu...

    Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers Explore More

    Blog, Identity & KYC

    Geolocation Technology and its benefits for KYC Verification

    KYC verification has come a long way from simply authenticating the official identity documents o...

    Geolocation Technology and its benefits for KYC Verification Explore More

    Blog

    The need for identity verification solutions spiking in demand

    At present, we are living in a digital world. Everyone is on the internet which is an anonymous s...

    The need for identity verification solutions spiking in demand Explore More

    Blog

    Debunking the Top 7 Myths about Video KYC with CEO of Shufti

    Businesses were looking for more robust and remote ways of verifying the identities of customers ...

    Debunking the Top 7 Myths about Video KYC with CEO of Shufti Explore More

    Blog

    Top 5 Payment Trends Transforming the Commerce Sector in 2021

    Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...

    Top 5 Payment Trends Transforming the Commerce Sector in 2021 Explore More

    Blog

    DSAR Under GDPR and CCPA – Understanding the Key Differences

    Data protection is one of the key concerns of organisations these days. For the same reason, data...

    DSAR Under GDPR and CCPA – Understanding the Key Differences Explore More

    Blog, Online Marketplace

    KYC for Banks: Reducing financial risk with a perfect digital solution

    The banking sector has to tread a very balanced path between compliance regulations and customer ...

    KYC for Banks: Reducing financial risk with a perfect digital solution Explore More

    Blog

    The Changing Landscape of KYC/AML Regulations in 2021

    Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have been evolving over time...

    The Changing Landscape of KYC/AML Regulations in 2021 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

    Top 10 Technology Trends in the Travel Industry to watch for in 2022

    The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...

    Top 10 Technology Trends in the Travel Industry to watch for in 2022 Explore More

    Blog

    Implementation of AML compliance – Challenges and fundamentals

    With the advancement in security controls, financial businesses are becoming fraud and stress-fre...

    Implementation of AML compliance – Challenges and fundamentals Explore More

    Blog

    Understanding eKYC | The Benefits, Processes & 2024 Forecast

    Governments worldwide require firms, such as financial institutions, to know who their customers ...

    Understanding eKYC | The Benefits, Processes & 2024 Forecast Explore More

    Blog

    ID Verification – What new KYC Services Shufti launched in 2018?

    Shufti started 2018 with an aim to fight the menace of digital fraud, identity theft, and onl...

    ID Verification – What new KYC Services Shufti launched in 2018? Explore More

    Blog

    Effective Sanctions Screening | A Guide for Compliance Professionals

    Sanctions are crucial in combating financial crimes and maintaining national and international se...

    Effective Sanctions Screening | A Guide for Compliance Professionals Explore More

    Blog

    AML/KYC 2020 – how 2019 changed the landscape of global regimes?

    Copy pasting your 2019 AML/KYC compliance strategy to 2020 plan will not do the job. Businesses n...

    AML/KYC 2020 – how 2019 changed the landscape of global regimes? Explore More

    Blog

    Central KYC (CKYC) in 2025: The Ultimate Guide to Seamless Compliance

    Central KYC is entering a new era in 2025. RBI’s November 2024 amendments and the Union Budget 20...

    Central KYC (CKYC) in 2025: The Ultimate Guide to Seamless Compliance Explore More

    Blog

    Beyond Speed: Securing Fintech Expansion with Smarter Identity Verification

    The banking industry is facing a fundamental restructuring that will change how people interact w...

    Beyond Speed: Securing Fintech Expansion with Smarter Identity Verification Explore More

    Blog

    Facial Recognition in UAE to Protect Private and Government Sector

    Continuous developments in the world of technology have led to many innovative solutions like fac...

    Facial Recognition in UAE to Protect Private and Government Sector Explore More

    Blog

    Facial Recognition Kiosks: A Modern Innovation in the Food Industry?

    Background of Technological Advancement Technology is regarded as a new way of thinking or doing ...

    Facial Recognition Kiosks: A Modern Innovation in the Food Industry? Explore More

    Blog

    How the US Aims to Fight Financial Crimes and Global Corruption in 2022

    2022 is looking like the year of change in the USA when it comes to combating illicit financial c...

    How the US Aims to Fight Financial Crimes and Global Corruption in 2022 Explore More

    Blog

    Biometric Authentication: The Importance, Use Cases & Myths

    Today’s business owners rank security among the highest priorities. As hackers continue to ...

    Biometric Authentication: The Importance, Use Cases & Myths 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

    Facial recognition technology grooving into cruise ships for ID verification

    No more boarding frustration, no more standing in the queues for hours… The travel industry is re...

    Facial recognition technology grooving into cruise ships for ID verification Explore More

    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

    Video KYC: Taking Traditional KYC to the Next Level

    Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...

    Video KYC: Taking Traditional KYC to the Next Level Explore More

    Blog

    Age Verification Service – How Businesses can Identify Underage Visitors in Real Time?

    When it comes online retail, one has to know that in such an age of fast-moving technology and in...

    Age Verification Service – How Businesses can Identify Underage Visitors in Real Time? Explore More

    Blog

    Gold Industry and Prevailing Financial Crimes – How Shufti’s AML Screening Can Help

    Using gold for financial crimes has a long history and in many countries, jewellery is not only c...

    Gold Industry and Prevailing Financial Crimes – How Shufti’s AML Screening Can Help Explore More

    Blog

    Louisiana Age Verification Compliance Updates 2024

     Age verification is crucial for online tasks like purchases and communication. The inte...

    Louisiana Age Verification Compliance Updates 2024 Explore More

    Blog

    KYC Verification – The Significance of Identity Verification in the Telecom Industry

    Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...

    KYC Verification – The Significance of Identity Verification in the Telecom Industry Explore More

    Blog

    Age verification regulations demanding better compliance from businesses

    “Youth is the hope of our future.” Jose Rizal  It is no secret that the youth is a valuable asse...

    Age verification regulations demanding better compliance from businesses Explore More

    Blog

    Don’t Need AML Compliance? Think Again!

    The majority of the businesses believe that they do not need to comply with AML regulations at al...

    Don’t Need AML Compliance? Think Again! Explore More

    Blog

    ID Verification for High-Potential Digital Fraud Cases

    Instances of digital frauds and payment scams are highly damaging for banks and financial institu...

    ID Verification for High-Potential Digital Fraud Cases Explore More

    Blog

    5 types of identity theft fraud and How businesses can prevent it?

    Online identity theft has the fastest growing crime rate in the world. According to a report, onl...

    5 types of identity theft fraud and How businesses can prevent it? Explore More

    Artificial Intelligence, Blog

    Why Artificial Intelligence Isn’t Taking Over—It’s Helping Us Thrive

    Artificial Intelligence (AI) has transformed from a futuristic concept into a critical part of ou...

    Why Artificial Intelligence Isn’t Taking Over—It’s Helping Us Thrive Explore More

    Blog

    The EU’s New AML Proposal, What’s in Store?

    To strengthen the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...

    The EU’s New AML Proposal, What’s in Store? Explore More

    Blog, Online Marketplace

    Secure Online Merchandises with e-KYC and Digital ID Verification

    Selling and purchasing online has its own advantages, both for the seller and the buyer. Online m...

    Secure Online Merchandises with e-KYC and Digital ID Verification Explore More

    Blog

    KYC Verification Process – 3 Steps to Know Your Customer Compliance

    Since the turn of the century, we’ve been propelled into a technological revolution. As digital i...

    KYC Verification Process – 3 Steps to Know Your Customer Compliance Explore More

    Blog

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans

    Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans Explore More

    Blog

    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...

    11 Common Mistakes End-Users Commit During KYC – Shufti Explore More

    Artificial Intelligence, Blog, Identity & KYC

    How Biometric Technology is Shaping Up for 2020

    The verification of individuals for security measures has become remarkably important for organiz...

    How Biometric Technology is Shaping Up for 2020 Explore More

    Blog

    Digital KYC – Protecting All Generations from ID Fraud

    From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...

    Digital KYC  – Protecting All Generations from ID Fraud Explore More

    Blog

    Risk Assessment – Building Trust in Financial Institutions

    For financial institutions to hold onto their customers, they must build and conserve advanced le...

    Risk Assessment – Building Trust in Financial Institutions Explore More

    Blog

    How Can 2-Factor Authentication Protect Customers Against Fraud?

    Need for Customer Authentication Mechanisms Since the existence of humanity, new innovations and ...

    How Can 2-Factor Authentication Protect Customers Against Fraud? 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