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Anti-Money Laundering Solutions | Helping Businesses Fight Against Financial Crimes
In today’s digital world, increased financial crimes adversely impact global industries, mainly t...
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Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks?
The eCommerce industry continues to grow rapidly, so are fraudulent activities. According to Stat...
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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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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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5 Ways Facial Biometric Technology Elevates Customer Retention
Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...
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AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Breaking the KYC Remediation Cycle through a Risk-based Approach
Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...
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Avoid Non-Compliance Fines with AML Transaction Monitoring
Cybercriminals in the realm of fraud and financial crime are constantly revising exploitation met...
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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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The Importance of KYC and AML Compliance in the APAC Region
According to recent studies, over the past three years, more than ever, sanctions have been impos...
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Trade based money laundering – Challenges, detection and prevention
Back in 2006, Financial Action Task Force (FATF) emphasised on new measures and strategies for ba...
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The Crucial Role of Know Your Customer (KYC) in Gaming
The gaming sector has grown exponentially since the first arcade games of the 70s. Surpassing mus...
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Blog, Identity & KYC
10 Quick Tips Regarding Identity Theft Protection
Identity fraud has grown substantially in the past two decades, and unfortunately, it is here to ...
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ID verification prevents 8 Security Issues of businesses
The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...
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Blog, Reg Tech
How does CDD effectively help with AML Compliance?
CDD or customer due diligence in the banking sector and other financial firms is an important asp...
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AML Compliance – Addressing Financial Crime Challenges in the UAE’s Banking Sector
The United Arab Emirates (UAE) is fast becoming the world’s most reputable financial hub, but the...
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Understanding Digital Identity
What is Digital Identity?
In the digital world, your identity is made up of your p...
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Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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A Comprehensive Guide to KYC and AML Regulations in the UK
The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...
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Japan’s Act on Personal Information Protection – What Businesses Must Do
New and emerging ways to bypass verification checks have allowed fraudulent entities to breach th...
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The Importance of Online Address Verification in E-Commerce
The rise of digitisation has given hackers more means to surpass security systems and conduct hig...
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Passport Verification: Preventing Document Forgery and Identity Theft
In our current era of modern interconnection, global travel has become more accessible than ever,...
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Facial Recognition to Reshape the Retail Industry in 2020
The explosion of facial recognition technology in our smartphones – for instance in iPhone ...
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5 Key Regulatory Updates for the Banking Sector in 2021
The pandemic disrupted operations in the banking sector and the criminal activities significantly...
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Breaking the KYC Remediation Cycle through a Risk-based Approach
Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...
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Blog, Online Marketplace
How crucial is AML/CFT Compliance for Hong Kong based Businesses?
Hong Kong serves as financial hub of trade and financial industry especially due to its strategic...
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e-IDV | Combatting Fraud in a Remote World
Know Your Customer (KYC) is a method to identify and verify clients’ true identities and re...
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Combating Identity Theft in On-Demand Services with Shufti’s KYC Solution
Transition is the only thing that is inevitable in the universe. Every passing day is changing ou...
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European Payments Initiative Calling for IDV Solutions
The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...
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AML and KYC Compliance – Big Data Optimising the Regulatory Landscape
Today, different sectors face an influx of user data that they need to process and analyse. To de...
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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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Singapore’s Digital Payment Token and AML Regulations [2022 Updates]
Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...
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What is Biometric Consent Authentication?
Biometric Consent Authentication is a modernistic approach to counter the increasing number of id...
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How E-KYC is Overcoming the Hurdles of Financial Inclusion
The challenges associated with the global pandemic have risen at a bewildering speed and yet ther...
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AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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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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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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Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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Blog, Business Technology
Why have IPOs started Implementing Digital KYC?
Have you heard the phrase “I’m afraid we have to go public Mark”, well then you are on right page...
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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...
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Video-KYC – The ‘New Normal’ for Digital Customer Verification
The KYC requirements all over the world are getting stringent. ID document verification is a norm...
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Video KYC Verification – Reimaging Customer Onboarding in 2023
As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...
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Shufti’s Insights on Enhancing Customer Onboarding Experience
The digital world nowadays requires a lot of effort from businesses to ensure customer satisfacti...
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Blog, Fraud Prevention
Face Verification Technology Grooving in the Education Sector
We are now in a golden age of face recognition. The main reason for rapid adoption is recognition...
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Non-Fungible Tokens (NFTs), Financial Crimes and AML/KYC Regulations – How Shufti Can Help
Non-Fungible Tokens (NFTs) emergence is providing a whole new segment to buy or sell digital crea...
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Identity verification in social media – Lighting up the dark side
Social media is a word every one of us can relate to. With every passing day, it is penetrating i...
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Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution
The transport industry is on the verge of significant disruption, with new emerging technologies,...
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New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening?
With digitization, the use of the internet and easy access to smart gadgets has increased the num...
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Video-KYC – The ‘New Normal’ for Digital Customer Verification
The KYC requirements all over the world are getting stringent. ID document verification is a norm...
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E-learning Platforms and IDV Solutions: A Natural And Much Needed Partnership
The advancement of modern technologies and telecommunication modes has made online assistance ava...
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Blog, Financial Crime / AML
AML Rules for Virtual Currency and Legal Sector – FATF 2019
Financial Action Task Force (FATF) is an inter-governmental regulatory authority. It was founded ...
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UN Sanctions List: What Every Business Owner Must Know
Businesses must navigate a web of rules and regulations whilst onboarding customers, as one misst...
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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
Global Economies are joining forces with FATF against money laundering
Financial Action Task Force (FATF) has been very keen on eliminating financial crime (money laund...
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Europol launches European Financial and Economic Crime Center (EFECC)
Financial and economic crimes are today the leading threats that are affecting millions of EU cit...
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Biometrics technology a key to key-free world
In 2016, the biometric market in the United States reached $3.52 billion U.S Dollars and is expec...
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Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions
The promise of payments technologies is being realized. Consumers are executing frictionless paym...
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Identity Verification – Combating Fraud in the Telecommunication Sector
Developing technology, rapid growth in digitization, and increased use of digital transactions ha...
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GDPR Checklist – Practices to adopt as Business Norms
It’s been a little over eight months since the GDPR came into effect on 25 May 2018. From that po...
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Facial Recognition | The Principles of Responsible Use and the Legal Landscape
One of the most popular uses of AI nowadays is facial recognition. In all likelihood, it’s ...
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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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Top 7 Gambling Trends to Look Out for in 2023
Going from a few billion dollars to over $81 bn in a matter of a decade is astronomical for any i...
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Facial Verification – Curing Fraud in the Healthcare Sector
Healthcare professionals continue to be hot targets of bad actors and cybercriminals, with attack...
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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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Biometric Technology, Blog
Biometric Authentication: Applications and Constraints
Biometric authentication is considered as an advanced way of ensuring Know Your Customer (KYC). T...
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Identity verification for fair and free US elections amid COVID-19
US Elections 2020 is the talk of the town these days. But with COVID-19 pandemic going on how wil...
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Fighting identity fraud with AI-enabled ID document verification
It’s no secret that identity fraud has become one of the most increasing problems for online busi...
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Brazil’s Updated Regulatory AML Guidelines for 2023
Money laundering, corruption, and drug trafficking are prevalent issues in Brazil, the world’s se...
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EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World
A few days back, the European Union Commission published a draft for digital ID wallets for all t...
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