Blog, Fraud Prevention
What is Loan Fraud and How to Detect it?
Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...
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Risks of Vaccine Verification Apps & What IDV Industry can Offer
COVID-19 has brought enough changes to make the world smarter. Businesses and customers migrating...
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Top 5 Cryptocurrency Trends to Look Out for in 2023
2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...
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May 2023 Recap: The Latest Global Regulatory Updates
Technological advancements have paved the way for scammers to perpetrate various financial crimes...
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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Surging Crimes in NFT Marketplaces – Setting New Security Standards Using Shufti’s AML Solution
The emergence of Non-Fungible Tokens (NFTs) has created new investment opportunities for business...
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Protecting Crypto Ecosystem with Effective Compliance Measures and Robust AML Screening
In November 2021, the market capacity of the cryptocurrency went over $3 trillion. With the incre...
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Building Better Customer Experiences from the Inside Out
”I don’t really think that it’s possible to deliver an excellent customer experience without havi...
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FinCEN Files – Banks abandoning front-line defenses against money laundering
Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...
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Fintech Compliance – Boogeyman for Trillion Dollar Industry?
Fintech industry is flexing its muscle by bringing onboard more and more customers and innovating...
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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, 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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KYC & AML – A Top Priority for Soaring Buy Now, Pay Later Services
In today’s credit-thirsty world, Buy Now, Pay Later has emerged as a clear winner, forever changi...
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How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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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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AML Compliance – Addressing Financial Crime Challenges in the UAE’s Banking Sector
The United Arab Emirates (UAE) is fast becoming the world’s most reputable financial hub, but the...
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Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners
Partnering with the right people who can actually help your business grow is quite a tedious task...
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OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification
The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...
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Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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Latest Regulatory Updates on KYC Verification for Crypto Exchanges
Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...
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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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Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update]
The United Arab Emirates (UAE) has become the world’s most exotic and well-reputable financial hu...
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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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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, 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, Fraud Prevention
Face Verification Technology Grooving in the Education Sector
We are now in a golden age of face recognition. The main reason for rapid adoption is recognition...
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OCR Solution: A Must-have for Every Business to Automate Workflows
Moving documents and files from one format to another is necessary during transactions and busine...
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Blog, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Blog
Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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AML Compliance – Addressing Financial Crime Challenges in the UAE’s Banking Sector
The United Arab Emirates (UAE) is fast becoming the world’s most reputable financial hub, but the...
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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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COVID-19 pandemic turning into a financial crime threat
A few months back when the World Health Organization (WHO) declared coronavirus a “pandemic” it l...
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Covid Test Verification To Facilitate Tourism Worldwide
Due to the coronavirus pandemic, tourism has been adversely affected and the entire travel sector...
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Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference?
Ensuring robust identity verification processes is necessary with the ever-increasing n...
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International Tax Body to curb Cryptocurrency based Tax Evasion
Tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the U...
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How E-KYC is Overcoming the Hurdles of Financial Inclusion
The challenges associated with the global pandemic have risen at a bewildering speed and yet ther...
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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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Digital KYC to Trace and Tackle High-Risk Customers
Customers are the assets and building blocks of any business. Customers are responsible for takin...
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Blog
Top 5 Trends for the Government Sector in 2022
With the emergence of the new variant of COVID-19 “Omicron” in South Africa, it is possible that ...
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Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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Blog
Age Gating VS Age Verification | Enhancing Security for Minors
Age gating was once employed to stop minors from accessing age-restricted content. However, the a...
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Top 10 FinTech Trends to Watch for in 2022
2021 was a game-changer for the FinTech sector as it has come up with innovative payment gateways...
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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Understanding and Implementing Age Verification Requirements in Accordance with the FDA Deeming Rule
Youth is considered the most valuable asset for any country, and it is the government’s responsib...
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Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships
Online dating apps have altogether transformed the concept of socializing, and people are now int...
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KYC Compliance – Identity Verification for Brokerage Companies & Trading Platforms
Online trading platforms provide businesses with the convenience to keep an eye on financial mark...
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The Most Frequently Asked Questions about Video KYC
In today’s digital era, the escalating prevalence of identity theft poses a significant con...
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The Most Common Bank Scams and How e-IDV Can Help
Protecting customers against diverse types of fraud is a continual practice for banks and credit ...
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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
The Real Cost of Convenience: Securing
E-Commerce in the Age of Instant Gratification
In just a few years, E-commerce has transitioned from a simple, modern convenience to the backbon...
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Which KYC Solution is Right for Your Business?
KYC solutions are vital for assessing consumer risk and a legal necessity for complying with Anti...
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Enhancing Trust in eCommerce with AI-powered Identity Verification
eCommerce in today’s world involves utilizing evolving technologies to ensure convenience for cus...
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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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AML Compliance – Putting an End to Money Laundering in Crypto Firms
In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...
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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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5 Ways How AI Is Uprooting Recruitment Industry
Artificial Intelligence is strengthening its position in many industries and the recruitment indu...
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Blog
Transforming the KYC Experience Using Automated Document Verification Checks
In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...
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Blog, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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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, Online Marketplace
Social Media and Identity Theft Frauds
Imagine this: You get up in the morning and like most people; check your email. There you have an...
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Blog
ID Verification – What new KYC Services Shufti launched in 2018?
Shufti started 2018 with an aim to fight the menace of digital fraud, identity theft, and onl...
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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 Analysts: The First Line of Defense Against Identity Theft and Fraud
An upsurge in financial transactions has led to heightened money laundering risks and terrorist f...
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Blog
Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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Blog
OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification
The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...
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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
Combating 8 Prevalent Biometric Fraud Through a Single AI Solution
Considering how criminals are attempting new strategies to “steal a face”, companies are no longe...
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Blog
4 Tips to avoid digital payment frauds
Due to the contingency caused by the rapid expansion of the Covid-19, online transactions have in...
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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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Why Digital Identity Verification is Booming – A Detailed Insight
According to the report “Digital Identity & Document Verification Market & Technology Ana...
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