Blog
A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA
The forex industry is recognizable for being a dynamic and profitable platform due to its high li...
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Blog, Financial Crime / AML, Reg Tech
AML Checks: An Emerging Frontier in RegTech Revolution
The Anti Money Laundering (AML) landscape has been around since the signing of BSA (Bank Secrecy ...
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Blog
Digital Age Verification replacing Age Gates for better compliance
Age verification is one of the trending snd sensitive topics these days, especially in the busine...
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Blog
KYC Checks in Crypto | A Key to Secure Digital Assets
In the last thirteen years, the crypto industry has redefined the financial sector. At the same t...
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Blog, Fraud Prevention, Identity & KYC, Reg Tech
Facial Recognition: Burgeoning Threat to Privacy
The expanding use of facial recognition technology for ID verification, user authentication, and ...
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Blog
Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?
As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...
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Blog, Reg Tech
3 Reasons why RegTech is the Future of Innovation?
Regulatory Technologies, commonly referred to as RegTech, is an innovative use case of Financial ...
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Blog, Online Marketplace
How API-based Technologies Can Transform the Future of Online Marketplace
API Based Technologies: Application Programming Interfaces (APIs) are giving advanced ways of dig...
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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...
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Blog
KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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Blog
The Trade-off Between Fraud Losses and Compliance Costs in the Banking Sector
The modern era’s demand for digital-first services in sectors ranging from e-commerce, online dat...
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Blog
Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Blog
The Top 6 Holiday Season Scams to Avoid in 2023
As we move further into digitisation, our methods of giving gifts have changed drastically. In to...
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Blog
KYC Services For ICOs – Why you need to have them now?
KYC services play a vital role in conducting an ICO in more than one way. They can make the entir...
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Blog
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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Blog
AML Compliance and Digital Banks – Understanding the Evolving Regulatory Landscape
The emergence of new technologies in FinTech, increasing use of digital currencies, and alternati...
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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
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...
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Blog
Document Authentication | Streamlining Onboarding, Compliance & Fraud Prevention
Before the world experienced digitisation due to the advent of smartphones, fast-speed internet, ...
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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...
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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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Blog
Effectiveness of the UK’s Economic Crime Bill in Combating Financial Crime
The Russian invasion of Ukraine has resulted in a surge in financial crimes in the UK as Russian ...
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Blog
AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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Blog, Online Marketplace
Nordic Banks brace for Digital KYC with centralized Database
Five major Nordic banks have formed a partnership to establish a company that will compile a cent...
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Blog
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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Blog, Online Marketplace
Document Verification Services for a Secure Freelance Platform
Picture this you have recently started a freelance website you have marketed it properly and foll...
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Blog
Online Dating Activities, Surging Crimes and Shufti’s IDV Solution
Matchmaking is considered one of the oldest industries in existence, online dating is now having ...
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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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Blog, Business Technology
Biometric Verification – Shaping the Future of Payments
Today’s world is no longer different from the science fiction world. With the advent of technolog...
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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 ...
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Blog
Deepfakes: AI Fraud Attacks Require Even Smarter AI Countermeasures. Now.
Verifying identities with advanced biometrics was already a challenge—then along came AI-generate...
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Blog
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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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
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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Blog
AML in Real Estate – Combating Property Scams at the Forefront
Real estate is deemed to be a profitable and safe business to invest in thanks to its ever-growin...
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Blog
Shell Companies and Money Laundering: How to Combat Them?
Shell companies are notorious for all the right reasons. These entities often called ghost compan...
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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...
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Blog
KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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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...
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Blog
Healthcare Industry and Prevailing Crimes – What Shufti Can Offer
Over the recent years, the medicare industry has completely transformed, and emerging innovations...
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Blog
KYC alternatives disrupting traditional KYC methods
Technology is building bridges between businesses and consumers across the barriers of distance a...
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Blog
Digital Currency – Replacing Fiat Money in the Modern World
Technological advancements are leading to better transaction systems in different states. Cryptoc...
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Blog
Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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Blog
A Detailed Insight into Due Diligence for SMEs in Europe
Recent developments in due diligence legislations have prompted debate on SMEs being subject to t...
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Blog
Impact of California Consumer Privacy Act on Online Businesses
California consumer privacy act has been revolutionizing consumer data regulations. The act was p...
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Blog
NFTs, Art Market – What Investors Need to Know About ID Verification
In recent years, Non-Fungible Tokens (NFTs) have gained global attraction from individuals as wel...
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Blog
5 Best Practices to Combat Identity Fraud on Social Media Platforms
Social media has demonstrated extraordinary growth in the past decade as a result of improvements...
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Blog
Digital ID Verification – Why is it Critical for Customer Experience?
Last year was all about lockdown and pandemic disrupting business operations to the very core. Th...
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Blog
Top 5 Technologies Disrupting the Healthcare Sector
Within the next five years, experts are anticipating major technological disruption in the 808 bi...
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Blog
Mobile Banking Adoption and the Rising Fraud Concerns Worldwide
People have been repeatedly talking about the COVID-driven digital “transformation” in the bankin...
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Blog
KYC and Blockchain – The Foundation of a Secure Crypto Landscape
Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...
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Blog
Transaction Monitoring in 2023 | A Comprehensive Guide
Scammers are searching for businesses to exploit, and financial firms with loopholes provide them...
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Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
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Blog, Identity & KYC
User as Owner: Why KYC Software Needs to Respect Privacy Laws?
User as Owner is a simplistic concept that stipulates that all the data of any user collected by ...
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Blog
Cyber Monday Scams on the Rise Due to COVID-19
Thanksgiving – a day that reminds us of all the bounties of Mother Nature that we should be...
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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
Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Blog
Role of Enhanced Due Diligence in Combating Money Laundering
Enhanced Due Diligence (EDD) is an advanced and refined version of KYC due diligence process that...
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Blog
The Evolution of AML Compliance from Checkbox to Risk-based Approach
Financial institutions are exposed to several money laundering threats, as criminals today are we...
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Blog
4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog
Five Solutions to tackle business verification challenges
Know Your Customer (KYC) is critical for verifying the clients before doing business with them, b...
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Blog
What to expect from Booming Identity Verification Market in 2020?
Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...
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Blog
Money Laundering in the Real Estate Sector – How Shufti’s AML Services Help
Purchasing luxurious mansions is always an attractive way for money launderers to legitimize thei...
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Blog
Industries that Need Digital Identity Verification and Why?
With continuous improvements in technology, different industries of the world are streamlining th...
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Blog
E-commerce Frauds – Common types and Prevention tips
What are some common e-commerce frauds and how can you prevent them? Is the buyer on your site an...
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Anti Money Laundering, Artificial Intelligence, Blog
AI a Blessing – AML compliance cost reduced by $217 billion
The U.S. financial firms spend approximately $25.3 Billion in terms of compliance, risk managemen...
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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, 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...
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Blog, Online Marketplace
ID Verification – Fraud Prevention in Online Gambling Industry
By its very nature, gambling is quite risky. Add to it the potential for fraud that it attracts, ...
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Blog
Paradigm Shift amid Corona – Online sales to take outstanding growth
Coronavirus outbreak is proving to be catastrophic for the world with global cases reaching 2,495...
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Blog
China’s AML Framework and Regulatory Highlights of 2022
China has been fighting against money laundering and terrorism financing for a number of years.
A...
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Blog
Know Your Players: Why KYC is Necessary for Gaming and Gambling
The post-COVID-19 era has witnessed a remarkable surge in the e-sports and gaming sectors. This t...
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