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Covid Report Verification: New Restriction for Airports
The Covid-19 cases have drastically increased over time and as of February 6, 2021, 18,262 new ca...
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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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How identity verification can help prevent Medical Identity Theft?
Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...
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A Comprehensive Guide to KYC and AML Regulations in the UK
The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...
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CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks
With the increased risk of financial crime, banks and other financial institutions within a state...
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Blog, Business Technology, Financial Crime / AML, Identity & KYC
AML Technology Eradicating the Perils of Money Laundering
In the past few years, we have seen a substantial increase in the number of legislations regardin...
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Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect
The rise and evolution of social media have completely transformed the way people communicated an...
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The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution
The digital world is evolving at a greater pace than ever before. The Metaverse is considered a d...
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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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CDD in Real Estate Sector – How to Comply With Updated Regulations
When it comes to investing funds, real estate is considered the safest sector to invest in becaus...
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EDD: Safeguarding Business Interests with Comprehensive Risk Mitigation
Traditional due diligence practices may not provide sufficient insights into higher-risk business...
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Travel Industry – Trends, Scams, and a Solution to Combat Fraud
The modern world is filled with surprises for everyone nowadays. Be it individuals or enterprises...
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Periodic to Perpetual KYC — The Changing Landscape in Banks
The employment of effective Know Your Customer (KYC) procedures has long been a challenge for fin...
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Blog, Identity & KYC
KYC/AML Compliance in light of FinTRAC
Witnessing the updated AML/CTF regime; the guidelines by FinTRAC regarding ID verification have b...
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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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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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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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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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Anti-Money Laundering Challenges Faced by the Fintech Industry
Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...
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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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The Crucial Role of Know Your Customer (KYC) in Gaming
The gaming sector has grown exponentially since the first arcade games of the 70s. Surpassing mus...
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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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Top 5 FinTech Trends to Keep an Eye on in 2023
From the lingering effects of the COVID-19 pandemic to the sudden cryptocurrency market crash, 20...
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Blog, Fraud Prevention
Data Breaches in 2019 – A Year in Review
Stepping into 2020, the year 2019 has been on the rollercoaster in terms of security breaches. Da...
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Here’s to 2021 – NFTs Conquering the Crypto Market
From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...
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Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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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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Mobile Banking Adoption and the Rising Fraud Concerns Worldwide
People have been repeatedly talking about the COVID-driven digital “transformation” in the bankin...
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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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Curbing Real Estate Crimes with AML Screening Solutions – How Shufti Can Help
In course of history, money laundering has always remained most complicated issue for governments...
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Top 5 Use Cases of Face Verification in the Digital Age
As novel applications and products are released every day, the use cases of face verification tec...
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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, Online Marketplace
Know Your Customer Verification for Charity Organisations
They say no good deed goes unpunished, if we were to take a look at it literally the frauds that ...
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The Latest KYC Regulation Bill for Bitcoin ATMs and DeFi Platforms
As the digital revolution takes hold worldwide, there has been an unparalleled surge in the adopt...
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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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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
Nordic Banks brace for Digital KYC with centralized Database
Five major Nordic banks have formed a partnership to establish a company that will compile a cent...
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Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction
There is a surging demand for swift and remote identity verification methods in our digital world...
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The Complete Guide | Transaction Monitoring for Financial Institutions
With technological advancement, financial criminals have also been given a wider range of tools a...
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Solving the Cheating Problem in Online Gaming with Robust ID Verification Solution
The digital gaming and esports industry has grown at an immense pace in recent years, topping 1 b...
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The Importance of KYC Remediation to Prevent Financial Crimes
If we talk about financial institutions including banks and their processes, one can freely argue...
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Open Banking Trends & the Vitality of Identity Verification
With rapid digitisation, open banking is becoming the new normal in the banking sector. Open bank...
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Know Your Investor (KYI) – Onboarding the Right Investors for Your Business
In today’s tech-driven world, financial operations are being transformed by emerging digital solu...
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High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help
Money laundering and terrorist financing are becoming a global concern. To overcome the risk of c...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Know Your Business-Pillar of Strength To AML Regulations
Moving in the world of technology, where every industry is going digital, there has been very les...
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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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KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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Blog
10 High-Risk Jurisdictions for Money Laundering According to FATF
Innovations like stablecoins and non-fungible tokens (NFTs) created quite the hype in the past ye...
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Blog, Online Marketplace
How crucial is AML/CFT Compliance for Hong Kong based Businesses?
Hong Kong serves as financial hub of trade and financial industry especially due to its strategic...
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A Brief Insight into Netherlands’ Cryptocurrency Regulations
Just like other European countries, the Netherlands is also a notable financial center making it ...
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KYC Identity Verification – Building Customer Trust in Ride-Hailing Services
The transportation industry is in the phase of significant disruption, redefining its services an...
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Blog, Identity & KYC, Online Marketplace
Why 2 Factor Authentication is vital for Online Identity Risk Management?
Online identity risk management is becoming harder and harder on cyberspace. It is a headache for...
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OCR Vs. ICR: The Key Differences that Businesses Need to Know
Financial institutions need to have reliable and efficient data management. With such a system, t...
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Financial Crimes and Romanian AML/KYC Landscape – How Shufti’s AML Screening Can Help
Since the coronavirus outbreak, people worldwide have experienced things that no one could have a...
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UK’s Digital Identity Framework – Cornerstone of Reliable ID
In today’s technology-driven era, digital identity is becoming inevitable. Physical interactions ...
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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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Digital Identity Verification for Open Finance & FinTech Platforms
Financial applications in the modern world have been sub-categorized into open and closed banking...
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A Quantitative Insight into the Global Gaming and Gambling Industry
The gaming and gambling industry has demonstrated exponential growth in the past decades and is e...
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Prevailing Identity Fraud in Telecom Sector – How Shufti Can Reduce the Risks
The telecommunication industry holds significance for the information sector as it is primary inf...
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Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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Case Study: Enhancing Security in Live-Streaming with Fast ID
A global social media company faced a critical challenge: preventing the misuse of its live-strea...
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UAE’s Targeted Financial Sanctions (TFS) – How Shufti Can Help Ensure AML Compliance
Money laundering has always remained a huge challenge for global economies, and all the major jur...
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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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Ensure Digital Security with e-KYC Solutions
In today’s world where the distances have been reduced considerably with the advancement of techn...
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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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AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector
There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...
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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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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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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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Identity Document Verification | Revolutionising Customer Onboarding
Companies worldwide are undergoing a radical digital transition to keep up with today’s lig...
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Blog, Online Marketplace
How Mobile KYC will revolutionize the Digital World?
Mobile KYC is the next frontier in Identity Verification services allowing greater access to busi...
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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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