The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    216.73.216.50

    e-KYC Services for Libraries

    e KYC Services

    Have you ever had those series of events that leave you shaking your head? That makes you believe that life is actually a Rube Goldberg machine where one small event triggers a lot many more. Well, that is exactly what happens when you get your wallet stolen, you remember to close down all your credit cards, but sometimes you forget you had other things in there as well. You go to the police station to inform them and get a report just in case something pops up. Life continues as normal then a couple of months later you get a bank statement and as you go through it you find some charges you don’t seem to remember. Confused, you call the bank and they say that you had applied for a credit card. You tell them you had applied because your cards were stolen but it was over two months ago and you had already received them. You confirm the branch of the bank and you realise you don’t do business with them. You inform that someone has stolen your identity and these are not your charges. You ask them don’t you do a complete e-KYC verification? They say the application was online and almost all required verifications were done except for an image check. Obviously they did not do a background check. After clearing the issue up with the bank you believe that things have settled down. Yet after another couple of months you get a letter from the public library you used to borrow books from. You see that there are some books that are overdue and you have been fined as well. You slap your forehead realising that you had your library card in your wallet as well. You go to the library show them the report and inform them that someone had stolen your identity. You request them that they should have some sort of verification system to deter fraud activities. After clearing the issue with the library, you hope that no other issues pop up…

    How Can e-KYC and Identity Verification Deter Fraud Activities in Libraries?

    KYC identity verification has become a need for online as well as physical libraries. Most of the public and private libraries around the world provide their customers with library cards that are used to keep a record of their visits to the place or if they wish to borrow books. This means that without an identity verification system installed in the library, imposters can use the stolen library cards/information at the library  They could use its resources and check out books all the while using the identity of another person as mentioned in the story above. With a simple 3rd party verification system the libraries can actually stop such fraud activities from happening. Basically, when the imposter finds out that there is an ID verification check before they are allowed to check out books, they will be reluctant to use someone else’s ID. They understand that they will get caught.

    How Do e-KYC Verification Systems Work?

    Most of the e-KYC verification systems are powered by AI. The AI checks and matches images and information among other things. It utilises the Internet and the user’s webcam or smartphone camera. In order to get a better understanding lets take the example of a library system. If someone wishes to check out a book online, the system will ask them to face their webcam or smartphone camera. It will inform them that this is a verification check and the session will be recorded. The system will then analyse the user’s face and check for excessive makeup, masks and any other signs that would show that someone has changed their outlook. The system is smart enough to keep into account the changes due to glasses, haircuts and facial hair. Then it will ask the user to present their library card focusing on the name. Then it will ask the individual to share their ID card and ask them to focus on picture, name, DOB and number (if applicable). The AI checks the data including the picture and matches it with what is available in the library system. The entire process takes less than a minute. Since the session is recorded, it will act as proof in case of any fraud activity. In this same way a PC for verification can be allocated within physical libraries where the borrower is requested to verify their identity.

    Libraries and the Importance of Background Checks

    Although background checks are not done in libraries but they should be. In fact the same system that carries out the identity verification can also check the background of the individual. The process need only be carried out initially when an individual registers with the library. The system checks the individual against global watch lists and other databases for criminal records. Such information can be considered an important part of e-KYC identity verification.

    Read More:

    Related Posts

    Blog

    4 Ways How Technology Can Simplify KYC and AML Workflow Management

    While the terms AML and KYC are used interchangeably, there is a huge difference between the two....

    4 Ways How Technology Can Simplify KYC and AML Workflow Management Explore More

    Blog, Identity & KYC, Online Marketplace

    Importance of Identity Proofing for Facebook & Social Media

    For years, social media has been used as a tool for increased connectivity. Both businesses, as w...

    Importance of Identity Proofing for Facebook & Social Media Explore More

    Blog

    Debunking the Top 7 Myths about Video KYC with CEO of Shufti

    Businesses were looking for more robust and remote ways of verifying the identities of customers ...

    Debunking the Top 7 Myths about Video KYC with CEO of Shufti Explore More

    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 ...

    Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay? Explore More

    Blog

    Smart Growth in Uncertain Times: Powered By Shufti

    Just five years ago at the onset of the COVID-19 pandemic, the global economy was struck by the h...

    Smart Growth in Uncertain Times: Powered By Shufti Explore More

    Blog

    Identity checks – A Profitable Business Strategy or Another Business Expense?

    Online commerce is a necessity of every business these days. With nearly every consumer carrying ...

    Identity checks – A Profitable Business Strategy or Another Business Expense? Explore More

    Blog

    The Top 10 Advantages of OCR for Business Owners

    In our current data-driven and digital world, many organisations struggle with vast quantities of...

    The Top 10 Advantages of OCR for Business Owners Explore More

    Blog

    Record-Breaking Fines on Banks for KYC/AML Non-Compliance

    Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...

    Record-Breaking Fines on Banks for KYC/AML Non-Compliance Explore More

    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 ...

    Multi-factor Authentication is being defeated’ warns FBI Explore More

    Blog

    Know Your Donor – Securing NPOs and Charities Through KYD/AML Solution

    Emerging technologies and growing digitization have increased financial crime risks in Non-Profit...

    Know Your Donor – Securing NPOs and Charities Through KYD/AML Solution Explore More

    Blog

    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...

    Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners Explore More

    Blog

    KYC Verification: Eliminating Fraud from Crypto Exchanges

    Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...

    KYC Verification: Eliminating Fraud from Crypto Exchanges Explore More

    Blog

    10 factors shaping the identity verification industry in 2020

    The identity verification industry is expected to grow steadily during the forecast period, reach...

    10 factors shaping the identity verification industry in 2020 Explore More

    Blog

    A Brief Insight into the AML and CFT Framework of Thailand

    Thailand has become quite a popular and well-reputed financial hub, attracting investors worldwid...

    A Brief Insight into the AML and CFT Framework of Thailand Explore More

    Blog

    Healthcare is the New Target of Criminals – What’s the Solution?

    The healthcare sector has been facing many challenges due to coronavirus pandemic. Cybercrimes ha...

    Healthcare is the New Target of Criminals – What’s the Solution? Explore More

    Blog

    Identity Document Verification | Revolutionising Customer Onboarding

    Companies worldwide are undergoing a radical digital transition to keep up with today’s lig...

    Identity Document Verification | Revolutionising Customer Onboarding Explore More

    Blog

    KYC ID Verification – A Critical Component for Securing Online Dating Activities

    Social manipulation in online dating platforms targets numerous users and their personal informat...

    KYC ID Verification – A Critical Component for Securing Online Dating Activities Explore More

    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...

    Understanding the Key Role of Risk Assessment in the Crypto Industry Explore More

    Blog

    eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience

    Governments have mandated various businesses, including financial institutions, to thoroughly und...

    eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience Explore More

    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...

    July 2023 Recap: Major Compliance Events and How AML Verification Can Help Explore More

    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...

    Age Gating VS Age Verification | Enhancing Security for Minors Explore More

    Blog

    The Evolution of AML Compliance from Checkbox to Risk-based Approach

    Financial institutions are exposed to several money laundering threats, as criminals today are we...

    The Evolution of AML Compliance from Checkbox to Risk-based Approach Explore More

    Blog, Financial Crime / AML

    Shufti integrates AML Compliance into its end-to-end Verification Services

    Shufti has now launched AML compliance in its set of identity verification services to provid...

    Shufti integrates AML Compliance into its end-to-end Verification Services Explore More

    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...

    A Guide to Understanding KYC in Banking Explore More

    Blog

    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...

    Top 5 Use Cases of Face Verification in the Digital Age Explore More

    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...

    Data Breaches in 2019 – A Year in Review Explore More

    Blog

    Identity Verification | A Complete Guide to Compliance and Risks

    The United Nations says $2 trillion is laundered globally every year. Of that, less than 10% is d...

    Identity Verification | A Complete Guide to Compliance and Risks Explore More

    Blog

    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...

    20 Facts and Statistics About the Global Finance Sector Explore More

    Blog

    Cyber Monday Scams on the Rise Due to COVID-19

    Thanksgiving – a day that reminds us of all the bounties of Mother Nature that we should be...

    Cyber Monday Scams on the Rise Due to COVID-19 Explore More

    Blog

    COVID-19 & Telehealth Fraud: Why ID Verification Is Necessary

    From being a medical coverage option to becoming a medical necessity, the telehealth industry has...

    COVID-19 & Telehealth Fraud: Why ID Verification Is Necessary Explore More

    Blog

    The Most Frequently Asked Questions About Perpetual KYC

    Maintaining the accuracy of customer data presents a considerable challenge. Automating it has tr...

    The Most Frequently Asked Questions About Perpetual KYC Explore More

    Blog

    The Looming Threat of Deepfake Apps for the Financial Industry

    Deepfakes gained prominence back in 2017 when an anonymous Reddit user manipulated Google’s open-...

    The Looming Threat of Deepfake Apps for the Financial Industry Explore More

    Blog

    Safeguarding Financial Operations with Transaction Monitoring and AML Screening

    To enhance the power of anti-money laundering regulation, transaction monitoring systems have evo...

    Safeguarding Financial Operations with Transaction Monitoring and AML Screening Explore More

    Blog

    KYC For Sharing Economy – Building a Safe & Trusted Environment that Retains Customers

    “Sharing Economy” is a term that has become popular in recent years, and the current digital worl...

    KYC For Sharing Economy – Building a Safe & Trusted Environment that Retains Customers Explore More

    Blog

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021

    After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021 Explore More

    Blog

    Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time

    The Optical Character Recognition (OCR) market was valued at US$15 billion in 2019 and is expecte...

    Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time Explore More

    Blog

    5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond

    During the covid pandemic, many businesses updated their access control systems to facial recogni...

    5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond Explore More

    Blog

    How E-Commerce sites can prevent scams over Black Friday and Cyber Monday

    For online businesses, customer authentication for internet payments is very crucial. An ever-inc...

    How E-Commerce sites can prevent scams over Black Friday and Cyber Monday Explore More

    Blog

    UAE Government Stepping Up Against Prevalent Crimes

    The UAE is known for being home to flourishing businesses and providing a significant level of fi...

    UAE Government Stepping Up Against Prevalent Crimes Explore More

    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...

    10 Reasons Why Businesses Should Choose Shufti Explore More

    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...

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification Explore More

    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...

    Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection Explore More

    Blog, Fraud Prevention, Online Marketplace

    Why Digital KYC is Important for Insurance Fraud Prevention

    KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...

    Why Digital KYC is Important for Insurance Fraud Prevention Explore More

    Blog

    Identity Fraud in Coworking Spaces – How Shufti’s Facial Biometric Authentication Helps

    With more and more companies embracing remote work, the trend of coworking spaces is picking pace...

    Identity Fraud in Coworking Spaces – How Shufti’s Facial Biometric Authentication Helps Explore More

    Blog

    Top 8 Facial Recognition trends to watch in 2020

    Facial recognition has been gaining prominence in recent times, owing to the benefits it offers o...

    Top 8 Facial Recognition trends to watch in 2020 Explore More

    Blog

    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...

    Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV Explore More

    Blog

    Key Takeaways From Shufti’s ID Fraud Report 2021

    The year 2021 was all about determining and reducing the growing number of biometric identity fra...

    Key Takeaways From Shufti’s ID Fraud Report 2021 Explore More

    Blog

    FINTRAC Amends PCMLTFA – More AML Requirements for Reporting Entities

    The rise in money laundering, terror financing and other financial crime has encouraged regulator...

    FINTRAC Amends PCMLTFA – More AML Requirements for Reporting Entities Explore More

    Blog

    Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)

    During the last few decades, the financial industry has altogether revolutionized, and digital tr...

    Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs) Explore More

    Blog

    Online Payment Fraud and the Role of AML Transaction Monitoring

    Imposing travel restrictions worldwide after the COVID-19 pandemic led to an unprecedented surge ...

    Online Payment Fraud and the Role of AML Transaction Monitoring Explore More

    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...

    Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It Explore More

    Blog, Financial Crime / AML

    3 Stages of money laundering – How AML screening guards your business

    The United Nations Office on Drugs and Crime found that 2 to 5% of global GDP is laundered every ...

    3 Stages of money laundering – How AML screening guards your business Explore More

    Blog

    EDD: Safeguarding Business Interests with Comprehensive Risk Mitigation

    Traditional due diligence practices may not provide sufficient insights into higher-risk business...

    EDD: Safeguarding Business Interests with Comprehensive Risk Mitigation Explore More

    Blog

    Bitcoin ATMs – how it works and KYC compliance

    Bitcoin ATMs are everything an ATM is and isn’t. The world of finance and banking has chang...

    Bitcoin ATMs – how it works and KYC compliance Explore More

    Blog

    Face Verification – Trends and Benefits for the Corporate World in 2021

    Face verification technology has gained popularity over the past few years. A biometric authentic...

    Face Verification – Trends and Benefits for the Corporate World in 2021 Explore More

    Blog

    11 Common Mistakes End-Users Commit During KYC – Shufti

    KYC identity verification is one big challenge for end-users. Your customers might be making a lo...

    11 Common Mistakes End-Users Commit During KYC – Shufti Explore More

    Blog

    Risk Assessment: Building Trust Among Travellers

    The travel and tourism industry is among the largest in the world. Many countries, such as the UA...

    Risk Assessment: Building Trust Among Travellers Explore More

    Blog

    Customer Risk Assessment: Strengthening Security in the Digital Age

    Business partners, vendors, and third parties play essential roles in daily operations, contribut...

    Customer Risk Assessment: Strengthening Security in the Digital Age Explore More

    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...

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification Explore More

    Blog

    The Crucial Role of Digital Onboarding and Ongoing KYC Monitoring

    In this digital world, users expect convenience, speed, and greater security. Businesses that off...

    The Crucial Role of Digital Onboarding and Ongoing KYC Monitoring Explore More

    Blog

    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...

    Financial Institutions and Prevailing Crimes – How Shufti’s AML Screening Solution can Help Explore More

    Blog

    FinCEN Files – Banks abandoning front-line defenses against money laundering

    Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...

    FinCEN Files – Banks abandoning front-line defenses against money laundering Explore More

    Blog

    Risk Assessment – Helping Businesses Determine High-Risk Customers

    The 2008 financial crash was a pivotal event in shedding light on the detrimental impact of lacki...

    Risk Assessment – Helping Businesses Determine High-Risk Customers Explore More

    Blog

    Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime

    Emerging FinTech firms around the world spend almost one-third of their overall budgets on develo...

    Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime Explore More

    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. ...

    Top 5 Payment Trends Transforming the Commerce Sector in 2021 Explore More

    Blog

    Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions

    The promise of payments technologies is being realized. Consumers are executing frictionless paym...

    Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions Explore More

    Blog

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti

    The regulatory landscape is changing with time and a number of questions are arising. AML complia...

    Top 10 Questions about AML Compliance Answered by the CTO of Shufti Explore More

    Blog

    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 ...

    Shufti to Revamp Customer Experience with Enhanced Video KYC UX Explore More

    Blog

    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...

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape Explore More

    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...

    The Latest KYC Regulation Bill for Bitcoin ATMs and DeFi Platforms Explore More

    Blog

    Metaverse and Money Laundering – How Shufti’s AML Screening Helps

    For quite some time now, the world has been preparing itself for the latest development in multip...

    Metaverse and Money Laundering – How Shufti’s AML Screening Helps Explore More

    Blog

    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...

    6 industry experts explain the role of KYC in cybersecurity Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started