Blog
Synthetic Identity – A New Form of Identity Fraud for 2019?
Synthetic identity fraud (SIF) is a comparatively new form of identity theft that has gripped the...
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Blog
Louisiana Age Verification Compliance Updates 2024
Age verification is crucial for online tasks like purchases and communication. The inte...
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Blog
Understanding Facial Identification: Face Verification vs. Face Recognition
Many terms in the biometrics field are used interchangeably, particularly regarding facial verifi...
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Blog, Financial Crime / AML
AUSTRAC tightens regulations for enhanced AML Compliance
Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...
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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...
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Blog
Top 5 Trends for the Government Sector in 2022
With the emergence of the new variant of COVID-19 “Omicron” in South Africa, it is possible that ...
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Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector
Transforming technology, growing digitization, and increased use of online transactions have acco...
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Blog
Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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Blog
Secure Ride-Hailing Services – Building Trust Through NFC Verification
Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...
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Blog
UK’s Digital Identity Framework – Cornerstone of Reliable ID
In today’s technology-driven era, digital identity is becoming inevitable. Physical interactions ...
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Blog
How Shufti Ensures Gaming Regulatory Compliance with AML Screening for Online Gaming Platforms
The online gaming sector has revolutionized altogether along with emerging technologies. With adv...
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Blog, Fraud Prevention
Looking for Online Fraud Prevention: Here Is What You Can Do
In an increasingly digital world, it is extremely important for online businesses to identify fra...
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Blog
Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping
The proliferation of online stores has radically transformed how people shop and greatly affected...
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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...
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Blog
Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction
There is a surging demand for swift and remote identity verification methods in our digital world...
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Blog
The Crucial Role of Ongoing Monitoring in Risk Mitigation
The nature of a business-to-clientele relationship subjects organisations to significant risks. F...
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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...
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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
Digital customer onboarding – Revamping onboarding process in banks
The first impression is what counts most when it comes to customer-oriented services. Banks and f...
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Blog
KYC For Sharing Economy – Building a Safe & Trusted Environment that Retains Customers
“Sharing Economy” is a term that has become popular in recent years, and the current digital worl...
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Blog
CFT & AML Compliance To Hold Back Financial Crimes
In this digital era, many factors are greasing the wheel of money laundering. Due to online trans...
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Blog
Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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Blog
Cybersecurity vs User Experience – Knowing the Art of Balancing
Several years of debate between cybersecurity and customer experience has driven most people craz...
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Blog, Business Technology
The demand for OCR Technology increasing for ID Verification
ID verification is core to overall identity verification services that help business around the g...
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Blog, Online Marketplace
How AI is Transforming Fraud Prevention in the Healthcare Industry
KYC For HealthCare: Fraud is so common that there is hardly any industry that hasn’t had to bear ...
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Blog
6 Upcoming Trends In Blockchain And Cryptocurrency For 2021
2020 was unlike any other year. It was chaotic, happening, and has finally come to an end.
In the...
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Blog
Biometrics identity verification system – a masterstroke in verification market
The biometrics identity verification system determines the resemblance of an individual by compar...
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Biometric Technology, Blog, Identity & KYC
ID Verification API – Smooth Integration With Online Systems
The financial services (FS) sector has the highest ever recorded abandonment rate of 83.6% amongs...
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Blog
Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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Blog
Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners
Partnering with the right people who can actually help your business grow is quite a tedious task...
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Blog
May 2023 Recap: The Latest Global Regulatory Updates
Technological advancements have paved the way for scammers to perpetrate various financial crimes...
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Blog
Key Takeaways From Shufti’s ID Fraud Report 2021
The year 2021 was all about determining and reducing the growing number of biometric identity fra...
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Blog
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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Blog
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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Blog
5 Technology Trends To Disrupt Banking in 2020
Living in the digital era, technology is driving major changes in almost every industry. Whether ...
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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, Identity & KYC, Online Marketplace
Age Verification – Does Your Business Need It?
Several businesses are unaware of the significance that age verification holds for their business...
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Blog
How Online ID Verification Supports Age-restricted Sellers?
The online stores selling age-restricted products like gaming services, medicine or drugs are in ...
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Blog
5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond
During the covid pandemic, many businesses updated their access control systems to facial recogni...
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Blog
Cryptocurrency Exchanges and negative KYC Compliance
KYC & AML Compliances are not being upheld by almost 68% of the cryptocurrency exchanges arou...
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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...
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Blog
Age Gating VS Age Verification | Enhancing Security for Minors
Age gating was once employed to stop minors from accessing age-restricted content. However, the a...
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Blog
Legal Entity Identifier (LEI) — What it means and how it helps financial institutions?
The need for trusted digital communication in this age is crucial due to increasing cybercrimes. ...
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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...
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The Most Common Use Cases of Identity Document Verification
As data breaches and other crimes increase, regulators must impose strict rules that corporations...
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Blog
Protect Your Business Against Identity Theft with Face ID Check
The efficacy of biometric authentication becomes questionable in the face of facial ID checks. It...
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Blog
How biometrics in visa process reduce travel difficulties
Biometric technology is enhancing the travel industry in many ways. Factors that drive the secur...
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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
FBO Accounts and Fintech – Securing Financial Operation with ID Verification
With global digitization, online financial services are becoming mainstream. Due to this, maintai...
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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...
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Blog
Top 7 COVID-19 Related Scams and Frauds to Look For in 2021
It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...
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Blog
Video KYC (VKYC) | Identity Verification and Fraud Prevention
In the last few years, the verification industry has experienced remarkable expansion. As our tec...
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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...
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Blog
Secure the Fintech Future with RegTech
Financial Technology (Fintech) refers to the use of technological advancements in the financial i...
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Blog
AML Compliance for the Crypto Sector – How VASPs Can Adhere to the Regulations
With cryptocurrencies gaining traction and entering the mainstream, financial regulators are asse...
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Blog
The Vicious Cycle of Money Laundering in the Gambling Industry
Money launderers opt for various channels to obscure the origins of their illegally obtained fund...
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Blog
The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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Blog
Financial Regulations Against Crypto Sanctions Evasion in the UK – Is the Crypto Sector Safe?
Many governments throughout the world are facing concerns of money laundering and sanctions evasi...
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Biometric Technology, Blog
4 Reasons why Facial Recognition is Better at Biometric Verification than Fingerprint Scans
Biometric verification is smartphones was introduced nearly five years ago when iPhone launched i...
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Blog
Effective AML Compliance – Top 5 Tips for Businesses in Australia
Given the significant increase in money laundering and terror financing activities, many countrie...
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Blog
Case Study: How Shufti anchors Rapid Global Expansion for BigCash, a Popular Gaming Technology Platform
Witzeal Technologies, India’s leading gaming platform BigCash, with its 40 million+ users and 1.5...
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Blog
Video KYC (VKYC) | Identity Verification and Fraud Prevention
In the last few years, the verification industry has experienced remarkable expansion. As our tec...
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Blog
Record-Breaking Fines on Banks for KYC/AML Non-Compliance
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...
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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....
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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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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
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, Identity & KYC
ICOs and KYC Compliance
With the surge in digitalisation of payments and crowdfunding; the need to set proper standards f...
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Blog
NFC Verification – Making Digital Payments Mainstream from Alternative
With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Winter is Coming: With a Storm of KYC and AML Regulations
The ever-evolving regulations are creating challenges and complexities for the financial institut...
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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...
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Blog
Cybersecurity vs User Experience – Knowing the Art of Balancing
Several years of debate between cybersecurity and customer experience has driven most people craz...
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