Blog
The need for identity verification solutions spiking in demand
At present, we are living in a digital world. Everyone is on the internet which is an anonymous s...
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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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Keeping AI Bias Out of the IDV Game with Shufti
Consider this: 85% of financial institutions today use some form of AI in their products. The tec...
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Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution
During the coronavirus pandemic, the e-commerce industry has witnessed a significant increase in ...
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Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Blog
AML Compliance in the Insurance Sector – Red Flags to Look Out For
The insurance sector commonly faces criminal activities like money laundering and terrorist finan...
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Identification, Verification and Authentication – Cut from the same cloth
The modern era of technology has brought so many frauds to light. The digitized world has urged b...
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5 Frauds in the Education Sector and How They Can be Prevented
Educational institutions have become an attractive target for cybercrime attacks in recent years....
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Blog, Identity & KYC
Biometric Identification is On the Rise in Education Sector
An acceptable method of identification i.e. biometric technology is hitting the education industr...
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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
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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Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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Uncovering 5 Holiday Season Scams and How to Avoid them this Year
‘Tis the season when the best deals of the year are attracting customers towards online shopping ...
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The Crucial Role of Face Liveness Check in Fintech
Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...
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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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Embedding online identity verification methods for enterprise security
The internet knows a lot about us now. And businesses are using this information to verify our di...
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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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Investor Onboarding | Navigating the Challenges of Digitization
Private market companies are setting their sights on retail investors and exploring technology an...
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Blog
The Vicious Cycle of Money Laundering in the Gambling Industry
Money launderers opt for various channels to obscure the origins of their illegally obtained fund...
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Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs
According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...
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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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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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Blog
5-Steps to Improve Customer Due Diligence Process
The digital age has witnessed a new wave of financial fraud. It is estimated that $4.7 trillion o...
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Blog, Reg Tech
3 Reasons why RegTech is the Future of Innovation?
Regulatory Technologies, commonly referred to as RegTech, is an innovative use case of Financial ...
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Blog
Understanding the Key Role of Risk Assessment in the Crypto Industry
Cryptocurrencies are becoming a hotspot for scammers to perpetrate financial crime. Over 46,000 i...
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Blog, Online Marketplace
Secure Online Gaming with Digital KYC
Here is a scenario that shows the importance of having a digital KYC system integrated with your ...
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Blog, Online Marketplace
ID Verification – Fraud Prevention in Online Gambling Industry
By its very nature, gambling is quite risky. Add to it the potential for fraud that it attracts, ...
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Blog
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
KYC and AML Compliance – Addressing the Challenge of Money Laundering in Online Trading Platforms
An online trading platform is a program where shareholders and traders deal through financial int...
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Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
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Blog
FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks
Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...
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Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]
Since the last decade, governments and financial institutions have been trying to limit corruptio...
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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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Prevailing Crimes in Metaverse – How Shufti’s IDV Solution Can Help
Metaverse is a virtual space where people belonging to the same or different physical regions can...
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Blog
Understanding Digital Identity
What is Digital Identity?
In the digital world, your identity is made up of your p...
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Stablecoin Market and the Role of AML in Safeguarding Digital Finance
With the rapid expansion of the cryptocurrency market, stablecoins have swiftly emerged as a popu...
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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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Blog
5 Ways Facial Biometric Technology Elevates Customer Retention
Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...
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Blog
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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20 Facts and Statistics About the Global Finance Sector
The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...
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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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Blog
Money Laundering in the Real Estate Sector – How Shufti’s AML Services Help
Purchasing luxurious mansions is always an attractive way for money launderers to legitimize thei...
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Blog, Financial Crime / AML
AUSTRAC tightens regulations for enhanced AML Compliance
Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...
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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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Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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5 Best Practices to Combat Identity Fraud on Social Media Platforms
Social media has demonstrated extraordinary growth in the past decade as a result of improvements...
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Blog
Video-KYC – The ‘New Normal’ for Digital Customer Verification
The KYC requirements all over the world are getting stringent. ID document verification is a norm...
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Blog
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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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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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
Identity Verification: A Bulletproof Vest Against Sharing Economy Fraud
Over the previous year, you might have observed how the world has become increasingly dependent o...
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Blog
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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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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Blog
AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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Blog
Worldwide Language Coverage from Shufti helps you go Global
Language serves the purpose of communication among people of a certain locality, nation or in cas...
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Blog
The Advantages of Know Your Business (KYB)
Know Your Business (KYB) policies are a recent innovation in the field of fraud prevention. Since...
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Blog
10 Reasons Why Businesses Should Choose Shufti
Started in 2017, Shufti Ltd. has attained a lot of success. Within three years, we have onboa...
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A Brief Insight into Social Media Scams – How Shufti’s IDV Solution Helps
There is no doubt that social media has its benefits in contemporary times. With the growing tech...
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Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti
Businesses deplete millions of dollars each year on outdated technologies, employee training, and...
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Blog
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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Blog
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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Blog
e-IDV: The Key to Fraud Prevention in FinTech
After years of enormous growth, investment in the fintech market declined in 2022. Susceptibility...
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Blog
Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks
The AI revolution has enabled businesses to leverage the power of technology in KYC verification....
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Blog
Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector
The digitisation of our world and economies have introduced greater ease and efficiency to our pr...
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Blog
Money Laundering in the Real Estate Sector – How Shufti’s AML Services Help
Purchasing luxurious mansions is always an attractive way for money launderers to legitimize thei...
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Blog
NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes
With revolutionary technologies and growing digitization, the digital version of artworks known a...
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Blog, Financial Crime / AML
What is PEP Compliance and Why do Financial Institutions Need it?
For Politically Exposed Persons (PEPs), an inter-governmental body established in 1989, Financial...
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Blog
Wholesale or Retail CBDCs? Settling the Endless Debate
The world is now moving towards digitisation at a faster pace than ever. The payment systems have...
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Blog
KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers
Cybercrimes are becoming increasingly complex and diverse in the era of digitization, with frauds...
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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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Blog
Shufti’s Address Verification Service – A Key Step in Digital Identity Verification
The rapidly developing technology of today is altering how consumers browse for things online. Th...
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Know Your Donor (KYD) for NPOs – Red Flags that Charities Need to Consider
Like every other sector, non-profit organizations and charities are also vulnerable to financial ...
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