Blog
Securing Online Marketplace Through Identity Verification System
Since the Covid-19 outburst, technological advancements and emerging innovations have digitized t...
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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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Customer Due Diligence Checklist – Is Your Business Compliant?
Compliance regulations can be a challenging task for the financial services sector and fulfilling...
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Blog
KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions
In the ever-evolving landscape of finance, having a solid defence against financial crime is cruc...
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Blog, Online Marketplace
Industrial significance of KYC / AML Compliance in 2019
As the type and amount of fraudulent activities have increased over the years, governments and re...
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Blog
The Top 10 Advantages of OCR for Business Owners
In our current data-driven and digital world, many organisations struggle with vast quantities of...
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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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AML Screening – Why Real Estate is an Easy Target for Money Launderers
The strong link between money laundering and the real estate industry is becoming a global concer...
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The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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The FATF Travel Rule: What Business Owners Must Know
The rapidly evolving landscape of technology and cryptocurrency has made the regulation of digita...
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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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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, Financial Crime / AML, Fraud Prevention, Identity & KYC
The FinTech Industry: A Snapshot
What is FinTech?
Financial technology, known more commonly as FinTech, is a term that refers to t...
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Blog, Reg Tech
EU’s 4th AML Directive Aims to make the Payment Ecosystem Crime Free
On June 26, 2018, the European Union landed the fourth AML directive that is targeted at combatin...
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Blog
Youtube Stepping up to Protect Minors’ Data Online
The explosion of the internet and mobile devices has paved new ways for marketers and Cybercrimin...
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Blog, Fraud Prevention
6 Steps of Online Fraud Prevention for Businesses
With the rapid development in the online retail industry and banking industry, there is an increa...
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Blog
KYC, KYB & KYT Tying the Loops for Identity Verification
Digital fraudulent activities are rising with every passing day, businesses are adopting reactive...
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Blog
The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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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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UAE Government Stepping Up Against Prevalent Crimes
The UAE is known for being home to flourishing businesses and providing a significant level of fi...
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Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector
Banks are considered a subset of the financial services industry and play the most crucial role i...
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Blog
Pension Fund Fraud and the Role of Employee Identity Verification
Old age is the scariest phase of life for everyone and organisations find it a big challenge to c...
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Biometric Technology, Blog, Fraud Prevention, Identity & KYC
Multi-factor Authentication is being defeated’ warns FBI
For years, online businesses and organizations have been adopting various strategies and defense ...
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Blog
2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals
Passwords continue to be a low-hanging fruit for cybercriminals.
Approximately 15 million record...
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Six Ways to Protect Your Business from Christmas Scams
Christmas is around the corner and all of you must be very excited to decorate christmas trees, e...
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Blog
5 Effective Ways Shufti Combats First-party Fraud
After analysing fraud incidents of the previous year and the current one, we observed an interest...
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Blog, Fraud Prevention
4 Fraud Prevention Tips For Your E-commerce Business this Holiday Season
With the holiday shopping season in full swing, e-commerce fraud risk is a glaring reality that n...
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Blog
How Can You Make Your Onboarding Process Cost-Effective?
The customer onboarding process can cost your business a fortune if it is complex. In the modern ...
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FATF October 2019 Plenary – Here is What You Need to Know
Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 O...
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Identity checks – A Profitable Business Strategy or Another Business Expense?
Online commerce is a necessity of every business these days. With nearly every consumer carrying ...
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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 ...
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Synthetic Identity Fraud: Fake Identities for Criminal Activity
An increase in financial crime has been predicted by economic downturns during the previous two d...
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Blog
Addressing Business Challenges Using OCR Scanner
OCR text recognition is similar to how humans process and store information through reading. The ...
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Blog
Expanding and Securing Financial Services with Shufti’s Video KYC Solution
In recent years, Know Your Customer (KYC) has gone through significant digital transformations. B...
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Blog
The Digital Black Market for Identity Data
The collection, purchase, or trade of customer data is big business. Unless organizations and ind...
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Blog, Financial Crime / AML
FSA demands greater AML Compliance from Japanese Crypto Exchanges
In a recent move, Financial Services Agency (FSA), the Japanese Financial regulator, has demanded...
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Blog
KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces
The development of coworking platforms has led to a business transformation that brings security ...
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Blog
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
The Expected No-Deal Brexit and AML/CFT Laws in the UK
The current prime minister of the UK Mr. Boris Johnson made a statement that the UK should be rea...
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Cryptocurrency Market and Financial Crimes: How to Handle Transaction Monitoring
The adoption of cryptocurrencies by both individuals and businesses has exploded in the last 12 m...
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Politically Exposed Person – An unsaid threat to Businesses
A politically exposed person or PEP is the one who has been assigned to perform prominent public ...
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Blog
KYC Isn’t Enough: Get Ready for the Future of Verification
Over the past few years, companies have been looking for more sophisticated identity verification...
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Biometric Technology, Blog, Online Marketplace
Face Verification Becoming Vital For Travel Industry
Over the past few years, biometric technology has become increasingly mainstream. This is due in ...
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Blog
Establishing trust in Open Banking through Identity Verification
Over the last few years, open banking is becoming an emanated global trend. This rising trend is ...
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Blog
Politically Exposed Person – An unsaid threat to Businesses
A politically exposed person or PEP is the one who has been assigned to perform prominent public ...
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Blog
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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Blog
OCR technology for businesses – Its applications and benefits
Optical Character Recognition (OCR) technology provides a business solution that automates data e...
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Know Your Patient (KYP) | 4 KYP Compliance Trends for 2024
Nothing is more constant than change, and this is never more evident than in the Know Your Patien...
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Fighting Financial Crimes and Securing Gambling Services with Shufti’s AML Screening Solution
Historically, the measures to curb money laundering and terrorist financing had only been only im...
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Identity verification solutions to fight against faces of fraud
In this digital world, billions of smart devices are circulating, connecting and communicating wi...
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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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Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]
Biometric authentication is considered a convenient approach for onboarding online customers that...
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Blog
EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?
From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...
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Blog
The Top Use Cases of Optical Character Recognition (OCR) Technology
Optical Character Recognition (OCR) technology has transformed how businesses collect, process, a...
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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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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. ...
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Blog, Business Technology, Online Marketplace
Asian Banks push for greater Fintech to cut down AML Compliance cost
Asian Banks are now asking their regional and national regulators to allow more fintech in order ...
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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
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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Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud
Identity theft is the most prominent cybercrime which has raised alarms for global law enforcemen...
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Blog
Securing Transactions and Operations with Biometric Consent Verification in Digital Banking
In the modern digital world, secure business operations are crucial. The focus on maintaining se...
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The Role of KYC Protocols in Safeguarding the Future of Cryptocurrency
Despite volatility in the crypto sector, millions of individuals access their services worldwide....
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Blog
Securing Identities in the Age of AI with Facial Recognition Technology
Although the digital revolution has brought us unprecedented levels of connectivity and comfort, ...
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Biometric Technology, Blog, Business Technology
Speed Up customer Onboarding with Online Facial Recognition
Banks are spending loads to digitize their operations. The competition is mounting, plus, people ...
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Blog
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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Blog
6 industry experts explain the role of KYC in cybersecurity
Cybersecurity is no more limited to firewalls and antiviruses. It is protecting your system, empl...
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Blog
Addressing AML Compliance Challenges with a Risk-based Approach (2023)
Regardless of how big or small a company is, the after-effects of Covid-19 and the global financi...
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Blog, Reg Tech
Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound
Cryptocurrency was the talk of the day in the months and even years leading up to the present wee...
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Blog
Affiliate Fraud Detection | How to Prevent it in 2024
Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...
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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. ...
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Blog
Assessing the Importance of Digital Identity Verification in On-Demand Services
Dealing with the after-effects of the coronavirus pandemic, digital business platforms and e-comm...
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KYC Regulations Across the Globe | An Updated Guide 2023
The global financial industry finds it hard to meet compliance and secure sensitive cus...
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