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The Latest AML Violations and the Role of Transaction Monitoring
In the evolving regulatory landscape, combating financial crimes has become a top priority of reg...
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Electronic Identity Verification | Forecasts and Predictions
Identities change as the world goes more digital. As more activities, like banking, socialising, ...
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Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021
On 16 July 2021, the US Financial Services Task Force on Artificial Intelligence held a virtual h...
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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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Kaseya Ransomware Attack – How to Protect Your Organization from Cyber Risks
Did you know that by 2021, a ransomware attack is projected to occur every 11 seconds, costing co...
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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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Perpetual KYC – Securing Businesses through Continuous Identity Verification
With regulatory scrutiny increasing globally, failures or loopholes in security systems pose a si...
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Top 10 Forged ID Documents on the Dark Web in 2023
As criminal activity increases every year, the massive amounts of data being uploaded to the inte...
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Blog, Business Technology, Fraud Prevention, Identity & KYC
Face Verification – One Solution for Several Identity Frauds
Biometrics is the technology that verifies the unique personality traits of a person to identify ...
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Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Fraud Prevention – Challenges, Strategies, Best Practices, and Technologies
The twenty-first century is by far the most revolutionary time in the history of humans in terms ...
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UK’s FIU Issues New Guidelines for Suspicious Activity Reporting
The UK’s Financial Intelligence Unit (UKFIU) has issued new guidance in August 2021. The latest i...
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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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Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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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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A Brief Insight into Safe Havens for Russian Oligarchs
The recent Russia-Ukraine conflict has sparked the West to impose sanctions targeting the Russian...
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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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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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Shufti’s AML Screening Solution – How to Comply with Germany’s AML Regulations
The stability of the global economy is at risk pertaining to the rapidly growing issues of money ...
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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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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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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, Identity & KYC
Cybercrimes Rise 5 times in 4 years and Continue to Soar!
A rapid stride in the tech world over the years has increased cybercrimes immensely. According t...
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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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The Age Verification Advantage: Speed, Trust, and Privacy
Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...
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Blog, Fraud Prevention
Account Takeover Frauds – Impact, Causes, and Prevention
Living in the era of technology, the world is rapidly moving towards digitization. From banking i...
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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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Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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Artificial Intelligence, Blog, Identity & KYC
How Biometric Technology is Shaping Up for 2020
The verification of individuals for security measures has become remarkably important for organiz...
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Blog
5 Key Questions About KYC Compliance to Look Out for in 2021
With the COVID-19 pandemic bringing challenges every day for businesses, the rate of identity fra...
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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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The Top Customer Onboarding Tips for Businesses
Today every business is competing to boost their retention rate and offer their audience a secure...
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International ID Day – An Overview of the 2021 Identity Landscape
The International ID Day is not marked on everybody’s calendar but is of significant value for ma...
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First-party, Second-party and Third-party Frauds – How to Stop them?
Most businesses don’t lose customers because of poor services but due to weak security measures. ...
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COVID-19 & Telehealth Fraud: Why ID Verification Is Necessary
From being a medical coverage option to becoming a medical necessity, the telehealth industry has...
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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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How Shufti’s KYC Solution Can Ensure Compliance and Help in Battling Identity Fraud
With booming technology and rapid digitization, a large number of businesses are adopting the dig...
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Blog, Business Technology, Identity & KYC
6 Digital Solutions for Banks to Help with KYC
Digital KYC: For banks, streamlining the customer onboarding is essential. The manual way of ente...
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ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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The US Corporate Transparency Act – What’s New? [December 2022]
Generally, small to medium businesses in the US continue operating without disclosing the benefic...
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Simplify Payment Processes with Biometric Authentication
A developing trend that is altering how customers handle their money is the use of biometric auth...
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How Optical Character Recognition Improves the Process of Identity Verification for Businesses
Evolving technologies have created a competitive market where every business strives to optimize ...
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Financial Institutions and Prevailing Crimes – How Shufti’s AML Screening Solution can Help
The year 2021 has been a year of two halves, the first businesses and individuals were dealing wi...
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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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Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay?
Regulatory pressure, hefty penalties and increasing criminal instances are some risks associated ...
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Blog
A Detailed Insight Into Canadian Gambling Industry [2022 Update]
Even though Canada is not among the world’s gambling capitals, this business thrives there. The c...
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Blog
Money Laundering Through Cryptocurrency: Red Flags and AML Risks
As the use of virtual assets becomes widespread, crypto firms have a major dilemma to deal with &...
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Blog, Identity & KYC
Can Identity Verification Services be Cheated by Hackers?
The latest intervention in the industry of fraud prevention services is identity verification ser...
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Intelligent Security Systems & Digital ID Verification
Most technology solutions present a compromise between convenience and security to their users. I...
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Japan’s AML/CFT Assessment – August 2021 Report
Financial crime is soaring sky high with digitisation becoming a part of our daily lives. Cyber a...
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Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification
Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...
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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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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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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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Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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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
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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Biometric Technology, Blog
How Liveness Detection is an apt Answer for Facial Spoof Attacks?
The world went haywire on the launch of the new iPhone X; well, to be honest, when does it not? H...
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Blog
How FinTech can Leverage on FINMA Blockchain Initiative?
Swiss Financial Markets Supervisory Authority (FINMA) has taken a revolutionary step in the histo...
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How Businesses Can Avoid Identity Verification Fraud in 2019?
With a bulk of customers using online services, businesses wish to digitise their operations and ...
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AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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FATF’s Travel Rule: A New Dawn of Regulations for Virtual Asset Services
Here at the start of 2021, there is much uncertainty regarding the coronavirus situation, whether...
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AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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Blog
What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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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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Blog
What is an OCR Screening and How Does it Work?
In our digital environment, where automated technology has already taken over corporate processes...
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Blog, Identity & KYC
KYC and AML Compliance can help cryptocurrencies to earn legitimacy
Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...
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Blog, Identity & KYC
7 Ways to Protect Your Children from Identity Theft
Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...
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Blog
Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It
The majority of businesses depend upon a third-party in one way or the other. Contractors, suppli...
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Blog
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
Enhancing Workplace Safety: The Role of Employment Screening
Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...
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The Top Customer Onboarding Tips for Businesses
Today every business is competing to boost their retention rate and offer their audience a secure...
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