Blog, Financial Crime / AML
“Brexit” Greasing the Wheel of Money Laundering
Brexit is in the global news for many years. The reason is that several countries have their stak...
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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...
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Know Your Business – What Does it Mean & How can it Protect Your Company?
Businesses that offer their services to other businesses, instead of individual consumers, have t...
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Blog, Identity & KYC, Online Marketplace
How KYC for ICOs can Make Cryptocurrency Great Again?
Give people a mode of money transaction free from banks. That was the thought behind cryptocurren...
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Understanding Risk assessment in the Gambling Sector
The e-gambling industry has always been lucrative for gamers. However, it has also been constantl...
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KYC alternatives disrupting traditional KYC methods
Technology is building bridges between businesses and consumers across the barriers of distance a...
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Blog, Fraud Prevention
Account Takeover Frauds – Impact, Causes, and Prevention
Living in the era of technology, the world is rapidly moving towards digitization. From banking i...
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The Significance of Age Verification in the Digital Space
With the innovation of technology, digital services among younger audiences are becoming increasi...
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Know Your Patient (KYP) | Significance in Fighting Patient Identity Theft & Scams
The global medicare industry is a common target for fraudsters looking to gain access to patients...
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Blog, Identity & KYC
Online Age Verification Keeps A Tight Rein On Minors
According to The Newyork Times, online age verification is a daunting task, even for experts. How...
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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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Biometric Technology, Blog
Biometric Authentication: Applications and Constraints
Biometric authentication is considered as an advanced way of ensuring Know Your Customer (KYC). T...
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Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector
Regulated entities must be aware of who they are interacting with. Validating the real identities...
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Biometric Authentication: The Importance, Use Cases & Myths
Today’s business owners rank security among the highest priorities. As hackers continue to ...
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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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Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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A Brief Overview of the RegTech Industry [2022 Update]
The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...
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AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering
Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...
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ID verification Services – Why Paper IDs are inferior to Digital Cards?
ID verification services are at the forefront of making online marketplace transparent and ensuri...
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Identity Proofing – 7 Reasons Why Businesses Need it Now!
Modern-day cyberspace has effortlessly diminished the boundary between the real-life and digital ...
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COVID-19 Pandemic – What it holds for businesses?
The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...
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Blog, Financial Crime / AML, Identity & KYC
5AMLD: Implications for Cryptocurrency
What is 5AMLD?
As part of the Action Plan against terrorism, the 5th Anti-Money Laundering Direct...
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How machine learning changed facial recognition technology?
We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...
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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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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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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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Top 5 Reasons to Incorporate Identity Verification into Your Hiring Process
From widespread layoffs to the urgency of hiring as soon as possible, the job market has drastica...
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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...
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Blog, Online Marketplace
Secure Online Gambling through Identity and Age Verification
Gambling is a very profitable business for big players and owners alike. According to research, t...
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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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Augmented Intelligence – What 2019 have for AI systems?
Admittedly, Artificial Intelligence or AI has gained a considerable amount of ill reputation from...
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Blog, Identity & KYC
What are the Different Types and Solutions of ID Verification?
Customer identification is not an option for some businesses, it’s a must. Ignoring due diligence...
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Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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Designing a Risk-free Customer Onboarding Flow for the Freelancing Industry
Freelancing websites saw an increased demand during the pandemic, and the trends continued to ris...
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European Payments Initiative Calling for IDV Solutions
The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...
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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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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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Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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Top 10 Real-World Scenarios Where Shufti’s IDV Can Help
Whether you’re an e-commerce store that needs to verify delivery addresses or a bank that has to ...
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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...
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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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Combating Money Muling Activities With Shufti’s AML Screening Services
The coronavirus pandemic has brought about unusual changes in industries and lifestyles across th...
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Money Laundering in the Metaverse – NFTs, DeFi, and the Role of Shufti’s AML Solutions
For more than a decade, the metaverse concept has been picking up pace, and the world is preparin...
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Money Laundering Spikes High in the Gulf Region – What’s Next?
Given the rapid increase in FinCrime, the Gulf region is now working day in and day out to impose...
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Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud
The consumer demand for biometric and facial authentication technologies is rising, with the mark...
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Fighting Fraud in Gaming & Gambling Industry with AML Screening Services
The online gaming sector is on the roll and is projected to surpass $172.23 billion by 2030. Irre...
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Blog, Business Technology
Why is Libra Cryptocurrency The Most Trending Thing Right Now?
The universe of crypto revolves around an aversion to a central financial authority. The financia...
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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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Top Five FinTech Industry Trends to Look For in 2021
Continuous advancements in technology have shifted the world toward digital means of communicatio...
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How Shufti Identity Verification User Experience Impacts Business Outcomes
User experience (UX) isn’t only about design or even metric-driven decision making. It’s a busine...
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Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps
International trading instruments have significant features that are making them potentially attr...
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The 5 Pillars of Anti-money Laundering Compliance
Imposters often “launder” money acquired through illegal activities, like drug trafficking, so th...
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Understanding Facial Identification: Face Verification vs. Face Recognition
Many terms in the biometrics field are used interchangeably, particularly regarding facial verifi...
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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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Prevailing Crimes in Ride-Hailing Services – How Shufti can Make the Change
In the ride-hailing arrangements, passengers connect with drivers through cell phones or websites...
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A Deep Dive into Know Your Business Verification
Customer verification is essential for all businesses to onboard legitimate customers, but what a...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
The FinTech Industry: A Snapshot
What is FinTech?
Financial technology, known more commonly as FinTech, is a term that refers to t...
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Build Trust and Secure Online Dating Platforms with Identity Verification Solutions
Online dating scams, such as the one filmed in the recent Netflix Original documentary “ The Tind...
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E-learning Platforms and IDV Solutions: A Natural And Much Needed Partnership
The advancement of modern technologies and telecommunication modes has made online assistance ava...
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The ‘What’ and ‘How’ of Address Verification Service
The rising number of chargebacks and other fraudulent activities has led organisations to develop...
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January 2023 Recap: Major Events Worldwide and How AML Verification Solution Can Help
Noncompliance with Know your Customer and Anti Money Laundering (KYC) regulations continue to pla...
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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...
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Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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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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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, Online Marketplace
Benefits of KYC services for Money Services Operators
Money service operators are at the forefront of international financial system as they help with ...
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CCPA Compliance Checklist – Is your business ready?
With the world moving towards digitization, organizations have a customer base from all around th...
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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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Blog, Identity & KYC
Common Online Scams You Need to Know About
The explosion of the internet and the world moving towards the fourth industrial revolution have ...
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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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AML Compliance – How to Steer Clear of Cryptocurrency Crimes
Bitcoin, Ethereum, Dogecoin, and Tether along with thousands of other cryptocurrencies are rising...
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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...
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