Blog
A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview]
Over the past few years, the financial industry has witnessed significant technological changes, ...
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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...
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Blog
KYC and AML: The Key to Secure BNPL Services in 2023
Seems like Buy Now Pay Later (BNPL) services have taken the world by storm, with 360 million user...
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Anti Money Laundering, Blog, Financial Crime / AML
Mastercard’s EFM Compliance – Another Reason to Invest in Verification
The modern world is an era of technology. Moving into the fourth industrial revolution, digitizat...
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Anti Money Laundering, Blog
How is Libra’s Launch Changing the Cryptocurrency Landscape?
Libra will have to go the extra mile to prove itself worthy of global acclaim that it aims to ach...
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Blog
Shufti Celebrates 5 Years of Innovation in the IDV Industry
October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...
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Identity Verification entails a lot more than customer verification
Identity theft and digital fraud are on the rise. Cybersecurity is of essence for all the organis...
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Blog
Top 5 Reasons Why Businesses Need Transaction Monitoring Solution
Companies are moving towards digitisation, meanwhile, cybercriminals are mastering the art of exp...
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Blog
KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms
With the growth in organised crime and its infiltration into the sports betting market, businesse...
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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...
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De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs
Every firm providing financial services must stay put with the existing compliance and follow new...
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Shufti’s Ongoing AML Solution to Prevent Transaction Laundering
Online financial criminals are always finding newer ways to exploit financial infrastructures in ...
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How E-Commerce sites can prevent scams over Black Friday and Cyber Monday
For online businesses, customer authentication for internet payments is very crucial. An ever-inc...
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The UK “Children’s Code” – Laying New Grounds for Age Verification
A 12-month grace period for compliance with a set of standards, introduced for protecting childre...
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Blog
Navigating the Changing Digital Finance Landscape 2023
The financial services sector has witnessed a rapid surge in the adoption of digital technologies...
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Blog
A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview]
Over the past few years, the financial industry has witnessed significant technological changes, ...
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Blog
Securing Business Operations with Risk Assessment
The increasing connectivity and dependence of the world on technology have led to a rise in sophi...
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Blog
The Relentless Rise of Fraud in the FinTech Industry – How CDD Helps
Fraud has always been on the rise ever since the advent of the FinTech industry. As perpetrators ...
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Blog
Is Your Company Safe? The Importance of Document Verification to Strengthen KYC Checks
Businesses across the globe are still vulnerable to threats like money laundering, terrorist fina...
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Blog, Identity & KYC
Age Verification – Ultimate Online Protection for Minors
The rapid increase in the use of the internet is raising some major concerns for parents regardin...
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Blog
5 AML Compliance Trends for 2023 – New Regulations and Technological Advancements
From digital payments to new regulations on preventing fraud and FINRA’s guidelines on penalising...
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Blog, Identity & KYC, Online Marketplace
Importance of Identity Proofing for Facebook & Social Media
For years, social media has been used as a tool for increased connectivity. Both businesses, as w...
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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, Financial Crime / AML, Reg Tech
AMLD5 – Regulations catching up with Technology
In this era of technology, it is a common saying that “Innovation leads and regulation follows.” ...
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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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Blog
The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud
Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution....
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Blog, Identity & KYC
Common Online Scams You Need to Know About
The explosion of the internet and the world moving towards the fourth industrial revolution have ...
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Blog
Strengthening digital businesses with online age verification
It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...
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Blog
The Path to CX Leadership – An Interview with Saroni Kundu
From Code to Customer: How Saroni Kundu Found Her Passion in CX
In our latest Beyond Borders podc...
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Blog
Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification
In today’s digital age, businesses must have a robust identity verification system in place...
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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
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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Blog
The New Face of Authentication (*hint: you’ve seen it before!)
Companies face the daunting tasks of securing their data against the evolving threat of fraud whi...
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Blog, Business Technology
Identity Verification Fuels Growth of Ride Sharing Industry
The ride-sharing industry is growing at a huge pace. As per Orbi’s research, the ride-shari...
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Blog
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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Blog
Identity Verification vs Authentication: The Key Differences
Organisations today face significant concerns regarding data breaches and identity theft. Nearly ...
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Blog, Online Marketplace
Why age verification matters to online businesses?
Identity verification services are fast becoming a business norm for companies that are enthusias...
Blog, Identity & KYC
Know Your Patient: Anti-Fraud Pill for Healthcare Industry
Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...
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Blog
AML Screening – Securing Alternative Payment Market and Overcoming Prevailing Risk of Crimes
Escalating demand for innovative, new, and robust alternative payment options across the world is...
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Blog
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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Blog
Fintech 2021: KYC/AML Bringing New Innovation to the Table
2020 was all about surviving the pandemic, but it has also kickstarted a new wave of innovation. ...
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Blog
FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives
The fourth plenary meeting of the Financial Action Task Force (FATF) took place from June 20-25 t...
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Securing Investment Industry with Shufti’s Investor Verification Solution
In this tech-driven world, perpetrators and organized crime groups are adopting sophisticated met...
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Blog
5 Things Businesses Should Know about PEP Screening
Regulators levy penalties when compliance programs fail or companies have insufficient compliance...
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Blog
KYC/AML Compliance – A Safeguard Against Money Laundering in the NFT Market
The instability in the non-fungible token (NFT) sector can be seen in the record sales of $25 bil...
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Blog
Age Verification Laws and Regulations Worldwide
The world has become increasingly digital, making it easier to access age-restricted products, se...
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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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Blog
AI-Powered OCR to replace data entry in 2020 – A detailed insight
Living in the data-driven world, there is a huge demand for storing data from printed or handwrit...
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Blog
COVID-19 and Travel & Tourism Industry – What Opportunities Await Post-Pandemic?
The world is completely exhausted with the COVID-19 pandemic. The corporate sector has lost enoug...
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Blog
AML Screening – Revealing the True Identities of Ultimate Beneficial Owners in Businesses
Hiding the Ultimate Beneficial Owners (UBOs) behind a business is never a good sign. However, som...
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Blog
Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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Blog
Balancing UX and Security in the Finance Sector with Biometric Authentication
The global coronavirus outbreak transformed financial operations and forced retailing banks to te...
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Blog
Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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Blog
Know Your Investor | Sophisticated Investor Verification in Real-Time
In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...
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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]
This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...
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Blog
ETSI Identity Proofing Standard – How to Meet the New Regulations
Rapid digitization trends have led banks and financial institutions into competition for providin...
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Blog
Know Your Business – What Does it Mean & How can it Protect Your Company?
Businesses that offer their services to other businesses, instead of individual consumers, have t...
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Blog
5 Key Market Trends in Identity Verification
The year 2020 has caused a dramatic shift in the business industry and our way of living. The si...
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Blog
UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021
A dramatic increase in Anti-Money Laundering (AML) fines was seen in 2021 as financial watchdogs ...
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Blog, Financial Crime / AML
Shufti integrates AML Compliance into its end-to-end Verification Services
Shufti has now launched AML compliance in its set of identity verification services to provid...
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Blog
How Scammers Bypass Face Verification and Tips for Choosing a Hacker-Resistant Liveness Solution
Facial recognition technology has brought about elevated convenience in various aspects of life. ...
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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
Know your patient process explained [Under the GPhC’s guideline]
How to make sure that the patient qualifies for purchasing a restricted medicine?
Or
Someone re...
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Blog
Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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Blog
Risk Assessment: Building Trust Among Travellers
The travel and tourism industry is among the largest in the world. Many countries, such as the UA...
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Blog
KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms
With the growth in organised crime and its infiltration into the sports betting market, businesse...
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Blog, Financial Crime / AML
Impact of Regulatory Scrutiny & AML Compliance in Real Estate
Anti Money Laundering (AML): Criminals around the globe are targeting real estate to launder the ...
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Blog
Forex | The Use of Identity Verification
In addition to safeguarding clients, forex brokers have legal and regulatory obligations to uphol...
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Blog
Identity Verification Services — Fueling the Demand for Safe Gaming Experience
Modern gaming is the most recent evolution of online games that has enchanted gamers across the g...
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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
Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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Blog
AI-based IDV Can Effectively Curb Unemployment Insurance Fraud
Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...
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