Blog
NFC Verification – Making Digital Payments Mainstream from Alternative
With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...
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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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Brazil to Launch CBDC: Its Impact on Financial Firms and How KYC/AML Can Help
Where does the cash come from? The country’s central bank authorises the printing of paper ...
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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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Risk Assessment: Building Trust in Crypto Exchanges
Other than following AML and KYC laws, crypto exchanges have a huge responsibility on their shoul...
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Blog, Identity & KYC
Online Identity Verification – Why Shufti is Perfect for Digital Authentication
In a short period of time, Shufti has managed to make a significant mark upon the end-to-end ...
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Blog
Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution
Investing the accumulated capital of investors in financial securities is the primary task of inv...
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Blog, Business Technology
Business Verification – Foolproof Ways to Secure Happy Customers
Creating a winning customer experience can make for a significant competitive advantage for busin...
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Know Your Patient – Eliminating Fraud and Crime in the Healthcare Sector
The digital transformation has reached the healthcare sector with new remote onboarding options f...
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Top 5 Frequently Asked Questions about Biometric Verification
Identity theft, data breaches, and other crimes are rising in this age of digitisation. A quick r...
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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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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...
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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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Blog, Identity & KYC
KYC Compliance – Strengthening Fraud Prevention Across the Globe
Know Your Customer (KYC)
The widespread availability of the internet has made our world more con...
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Blog
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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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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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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Healthcare Industry and Prevailing Crimes – What Shufti Can Offer
Over the recent years, the medicare industry has completely transformed, and emerging innovations...
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AML Solutions: Eliminating the Risks of Money Laundering
Money laundering is a serious crime that can have serious and long-term consequences for your bus...
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Blog
Why online alcohol industry needs robust age verification solutions?
“Can I see some ID?” The question brick and mortar booze stores ask or at least should ask to ver...
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Blog, Online Marketplace
The Importance of Know Your Customer for Crowd Funding and ID Verification Service
In today’s world where most business and financial transactions are taking place online, the impo...
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FATF’s High-Risk Jurisdictions [2022 Update] – How Business Can Comply
Paris-based global watchdog FATF (Financial Action Task Force) maintains lists of countries that ...
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Blog
Top 7 COVID-19 Related Scams and Frauds to Look For in 2021
It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...
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Blog, Identity & KYC
GDPR versus Identity Verification – Are you Ready?
If you are an organisation that is based in the EU or are doing business with companies in the EU...
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5 Things Businesses Should Know about PEP Screening
Regulators levy penalties when compliance programs fail or companies have insufficient compliance...
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Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes
The increased reliance on digital banking and the advent of virtual currencies in today’s d...
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The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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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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Blog
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, 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
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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Blog
HKMA’s Risk Assessment Guidelines for AML/CFT Compliance in the Banking Sector
In the past few years, global regulatory authorities have been laying new grounds for Anti-Money ...
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Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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Biometric Identification revolutionizing the world in 2020
Every day we come face to face with new technology innovations that leave us awestruck. From the ...
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Blog
A Detailed Insight into the Best Practices for Digital Currency Providers
The world has seen an overwhelming rate of development in the cryptocurrency sector with Centrali...
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Blog, Identity & KYC
4 Ways in which KYC for STO can Revolutionise the Crypto World
The year 2019 is expected to see a significant rise in STOs and have been called the future of bl...
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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
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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Video KYC (VKYC) | Identity Verification and Fraud Prevention
In the last few years, the verification industry has experienced remarkable expansion. As our tec...
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Blog
Future Prediction of Identity Verification for Businesses
Ensuring a user’s real identification has become crucial in the age of digitisation. Busine...
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AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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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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Facial recognition technology grooving into cruise ships for ID verification
No more boarding frustration, no more standing in the queues for hours…
The travel industry is re...
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Securing The Digital Landscape with Electronic Identity Verification Services
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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Blog
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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Blog, Financial Crime / AML
Global AML Regimes – Tightening Reins on Money Launderers
Money laundering is a global menace. Money laundering and terrorist financing are the major targe...
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Blog, Identity & KYC
Geolocation Technology and its benefits for KYC Verification
KYC verification has come a long way from simply authenticating the official identity documents o...
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Blog
How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes
As the pressure to grow profits intensifies, many companies are thinking proactively on how to ef...
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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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AI-based IDV Can Effectively Curb Unemployment Insurance Fraud
Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...
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Future Prediction of Identity Verification for Businesses
Ensuring a user’s real identification has become crucial in the age of digitisation. Busine...
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Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector
Transforming technology, growing digitization, and increased use of online transactions have acco...
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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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Biometric Technology, Blog
4 Reasons why Facial Recognition is Better at Biometric Verification than Fingerprint Scans
Biometric verification is smartphones was introduced nearly five years ago when iPhone launched i...
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Age Verification Laws and Regulations Worldwide
The world has become increasingly digital, making it easier to access age-restricted products, se...
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Blog
KYC in Crypto Exchanges – Hitting the Nail on the Head
A few years back, startups related to ICOs (Initial Coin Offerings) were in full swing, driving t...
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How Optical Character Recognition is Changing the Financial Industry
Banking and other financial services are the world’s most closely watched and strictly gove...
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An Insight into Global Regulations for the Cryptocurrency Sector [2022 Update]
With emerging technologies continuing to proliferate faster and rapid digitization all around us,...
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UAE Government Stepping Up Against Prevalent Crimes
The UAE is known for being home to flourishing businesses and providing a significant level of fi...
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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
The Path to CX Leadership – An Interview with Saroni Kundu
From Code to Customer: How Saroni Kundu Found Her Passion in CX
In our latest Beyond Borders podc...
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KYC and AML: The Key to Secure BNPL Services in 2023
Seems like Buy Now Pay Later (BNPL) services have taken the world by storm, with 360 million user...
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Blog
The Role of Biometrics in Combating Money Laundering and Identity Fraud
The fast-paced growth of biometric technology and its widespread adoption in the financial and he...
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Blog, Financial Crime / AML
South Korea want Crypto Exchanges to adopt Digital KYC and AML Compliance
South Korea is soon going to adopt regulatory measures to bring in crypto exchanges under regulat...
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Blog
Shufti’s Secret to Acquiring 92% End-User Satisfaction Rate
Shufti, the global identity verification service provider, started from humble beginnings wit...
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Blog, Fraud Prevention
4 Fraud Prevention Tips For Your E-commerce Business this Holiday Season
With the holiday shopping season in full swing, e-commerce fraud risk is a glaring reality that n...
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Blog
How Two-Factor Authentication Enhances the Security of Digital Business Platforms
Considering the recent trends in fraudulent activities, it is evident that social engineering and...
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Blog
Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19
Coronavirus took the world into clutches forcing people to adopt isolation and businesses are com...
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Blog, Identity & KYC
Digital Document Verification Giving Wing to Recruitment Sites
Document Verification: In an industry that’s all about people, it’s critical that you know that a...
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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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Blog, Identity & KYC
Enhanced Due Diligence: Ensuring KYC and Regulatory Scrutiny
Enhanced Due Diligence: The adoption of innovative solutions in businesses today, should not have...
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Blog
Facial Recognition Kiosks: A Modern Innovation in the Food Industry?
Background of Technological Advancement
Technology is regarded as a new way of thinking or doing ...
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