Biometric Technology, Blog
Warning: You’re Losing Money by not Using Biometric Identification
On the surface, Biometric Identification might seem as if it’s only useful for opening your bank ...
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Blog
Know Your Driver – Urgency of Identity Verification for Mobility service Providers
Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...
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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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Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech
EU’s Sixth Anti-Money Laundering Directive (AMLD6)
Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...
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Blog
FBO Accounts and Fintech – Securing Financial Operation with ID Verification
With global digitization, online financial services are becoming mainstream. Due to this, maintai...
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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
Frequently Asked Questions about OCR Scanners
The way we process and analyse written information has been entirely transformed by Optical Chara...
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Blog
Legal Entity Identifier (LEI) — What it means and how it helps financial institutions?
The need for trusted digital communication in this age is crucial due to increasing cybercrimes. ...
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Blog
Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say?
While addressing AML/CFT requirements for cross-border payments, the global financial watchdog, F...
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Blog
Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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Blog, Identity & KYC
How Brexit Impacts UK-based Identity Verification Companies?
Brexit and its ramifications for the UK seem to be the only topic that anyone is interested in Br...
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Blog
A Fintech’s Journey to 100% Compliance and Rapid Growth
My EU Pay, a specialist payment institution serving hundreds of business customers in the U.K. an...
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Blog
NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem
Non-Fungible Tokens (NFTs) are by far one of the most popular topics right now. Artist Mike Winke...
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Blog
A Brief Overview of the RegTech Industry [2022 Update]
The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...
![A Brief Overview of the RegTech Industry [2022 Update]](https://shuftipro.com/wp-content/uploads/Regtech.png "A Brief Overview of the RegTech Industry [2022 Update]")
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Blog
AML Compliance – How to Steer Clear of Cryptocurrency Crimes
Bitcoin, Ethereum, Dogecoin, and Tether along with thousands of other cryptocurrencies are rising...
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Blog
ID verification Services – Why Paper IDs are inferior to Digital Cards?
ID verification services are at the forefront of making online marketplace transparent and ensuri...
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Blog
FinTech and FinCrime – The Global Regulatory Landscape
Also known as financial technology, FinTech is now among the fastest-growing industries. This sec...
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Blog
Global Trade and Prevalent Crimes – How Shufti’s AML Solution Can Help
International trade is exchanging services, capital, and goods across borders or territories, gen...
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Blog
5 Key Questions about Facial Recognition Answered by Experts
Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...
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Blog
E-Learning Platforms and Prevailing Crimes – How Shufti Can Help
The global pandemic is prompting a phenomenal increase in online service. From doing groceries to...
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Blog
Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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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
6AMLD of EU – A detailed insight
European union’s another anti-money laundering directive is in the pipeline. And this time the un...
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Blog
July 2023 Recap: Major Compliance Events and How AML Verification Can Help
Anti-Money Laundering (AML) violations pose a substantial and concerning threat to the reliabilit...
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Blog, Identity & KYC
Digital ID Verification
The Current Situation
Digital ID Verification is the key to securing your business in thes...
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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
The Shufti Difference: Speed, Security, and Fairness Without Compromise
With over 100 fraud and identity companies operating worldwide, you might assume that something l...
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Blog
Perpetual KYC: The Future of Due Diligence in the Financial Industry
Digital transformation is paving the way for quick growth in the compliance sphere. However, regu...
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Blog, Identity & KYC, Online Marketplace
How KYC for ICOs can Make Cryptocurrency Great Again?
Give people a mode of money transaction free from banks. That was the thought behind cryptocurren...
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Blog
Shufti’s Bug Bounty Programme: Strengthening Security Via Ethical Hacking
With the avalanche of security vulnerabilities in the verification industry, Shufti is launch...
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Blog
Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Anti Money Laundering, Blog, Financial Crime / AML
US Treasury opposes European Commission AML Country List
The European Commission has adopted a new list of 23 countries which lack appropriate framework f...
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Blog, Online Marketplace
How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?
The travel industry is a unique business category servicing clients from various destinations and...
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Blog, Identity & KYC
CRA Looking to Launch Digitally Secure Ways with Identity Verification Services
Canada Revenue Agency or CRA in collaboration with an identity verification service called Secure...
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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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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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Blog, Online Marketplace
Age Verification – Must Have For Age Restricted Retailers
Mobile e-commerce makes up for nearly 29% of the entire e-commerce sales in the US. A majority of...
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Blog
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...
![AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]](https://shuftipro.com/wp-content/uploads/image-17-2.png "AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]")
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Blog
Global Expansion, Digitization, and Crimes – How Shufti Can Help Financial Industry
The financial industry has seen significant technological changes over the past recent years. Man...
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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
AI face recognition for total automation
Face recognition is everywhere but still we’re unable to say goodbye to document, maybe because w...
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Blog
Don’t Need AML Compliance? Think Again!
The majority of the businesses believe that they do not need to comply with AML regulations at al...
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Blog
DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users
Security breaches are increasing in number with every passing day. This keeps on happening. It wo...
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Blog
Mobile Payments – Way of the Future or a Fad of the Digital Age?
Are we moving towards a world where retailers may one day say “We don’t take cash”? As mobile pay...
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Blog
KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help
As technology continues to transform the financial industry, the need for identity verification h...
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Blog
June 2023 Recap: Major AML Violations and How Can Shufti Help
In global financial systems, the increasing frequency of Anti-Money Laundering (AML) violations h...
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Blog
Facial Recognition in UAE to Protect Private and Government Sector
Continuous developments in the world of technology have led to many innovative solutions like fac...
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Blog
Video KYC: Taking Traditional KYC to the Next Level
Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...
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Blog
Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help
With growing digitization, emerging technologies, and increased use of online transactions, a hug...
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Blog
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, Financial Crime / AML, Online Marketplace
Smaller Banks are in dire need of AML Compliance to avoid fines
Smaller banks are being considered an easy target for money laundering activities because of thei...
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Blog
Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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Blog
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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Blog
7 Trends in Identity Verification Solutions to look for in 2020
Internet is an anonymous space where people can hide their identities and come up with bizarre ps...
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Blog
An Insight into AML Compliance in the Financial Sector [2022 Update]
The increasing global attention towards anti-money laundering (AML) and countering the financing ...
![An Insight into AML Compliance in the Financial Sector [2022 Update]](https://shuftipro.com/wp-content/uploads/b-img-aml-comp.png "An Insight into AML Compliance in the Financial Sector [2022 Update]")
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Blog
Adverse Media Screening | Assessing and Mitigating Potential Crime Risks
In today’s digital world, where fraud prevails exponentially, risk management is crucial to fight...
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Blog, Identity & KYC
Which KYC Documents are Required for Customer Verification?
Name, Rank, Brigade, and Serial Number. That’s the only information military organizations across...
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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
Detecting & Preventing KYI Fraud | A Deep-Dive into 2023 Investment Scams
Businesses need to bring on reliable partners and investors who can contribute to growth, provide...
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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
UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification
People across the world are spending more time on the internet ever since the pandemic struck the...
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Blog
How Identity Verification Eliminates Social Media Scams to Enhance User Experience
Social media has experienced exceptional growth in the past decade as a result of advancements in...
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Artificial Intelligence, Blog, Fraud Prevention
The Role of Artificial Intelligence in the Future Of Financial Fraud Detection
Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole c...
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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
A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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Blog
Protect Your Bitcoin Business With KYC Compliance
Even with a lot of resistance to its use as a form of currency, Bitcoin and its blockchain techno...
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Blog
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, Fraud Prevention
Identity Theft Frauds – How can you stay a step ahead?
Identity theft is ‘a hot potato’ these days. Every day we come across news of online fraud that h...
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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
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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Blog
Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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Blog
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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