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Top KYC Compliance Laws to Follow in 2023
The rising number of scams has put a dent in the financial sector’s reputation.
More than t...
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Forensic Document Forgery Analysis – A Landmark Approach to Curb Identity Fraud
With online services picking up pace, cybercriminals are ramping up their digital attacks and us...
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Industries that Need Digital Identity Verification and Why?
With continuous improvements in technology, different industries of the world are streamlining th...
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Six Ways to Protect Your Business from Christmas Scams
Christmas is around the corner and all of you must be very excited to decorate christmas trees, e...
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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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Blog, Online Marketplace
How Car Rentals can safeguard their interest with Digital KYC?
Car rentals stand to benefit a great deal from Digital KYC as it will enable them to verify the c...
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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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Document Verification Checks: Streamlining the Onboarding Process for New Customers
Verifying documents is critical to regulatory compliance, risk assessment, and many organisations...
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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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How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification
The customer journey with a business is very comprehensive. It does not end once the customer is ...
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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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Blog, Online Marketplace
The Urgency for Know Your Customer’s Customer (KYCC) in Businesses
It is not just the financial services sector that is required to comply with anti-money launderin...
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Surging Crimes in NFT Marketplaces – Setting New Security Standards Using Shufti’s AML Solution
The emergence of Non-Fungible Tokens (NFTs) has created new investment opportunities for business...
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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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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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Know Your Patient (KYP) – the next big thing in health care
Its high time the hospital industry must think beyond providing just giving medical assistance to...
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5 Reasons to Invest in Intelligent Character Recognition Services
Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...
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Crypto as a Virtual Safe Haven for Russians Amid Sanctions
The Russia-Ukraine conflict has had some serious effects on the global financial landscape. While...
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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
Phishing Attacks and the Role of Two-Factor Authentication
In today’s digital world, almost everything we do is on the internet, be it for official purposes...
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Expanding the UX Lens with Lisa Kleinman
Creating a UX experience can feel like a paradox: users are more diverse than ever, yet they expe...
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A Brief Insight Into Anti-Money Laundering (AML) Regulations in Colombia
Money laundering has become a global issue, and almost all countries are facing this threat in va...
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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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Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders
For quite some time, wealthy Russian businessmen and oligarchs have been investing their money in...
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Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions
With transforming technologies and growing digitization, the global art industry has also embrace...
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Blog
Deutsche Bank’s Epstein Fine – Lesson for Financial Institution
High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...
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Blog, Business Technology, Online Marketplace
Asian Banks push for greater Fintech to cut down AML Compliance cost
Asian Banks are now asking their regional and national regulators to allow more fintech in order ...
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What is Biometric Consent Authentication?
Biometric Consent Authentication is a modernistic approach to counter the increasing number of id...
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Blog
Online Identity Verification: 5 Trends to Expect in 2021
The boom in digitisation forced businesses to opt for digital means of operations. Online busines...
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Blog, Online Marketplace
Verify ID For a Secure Travel Experience
Since we are using the Internet for a great many things including shopping to online booking of f...
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Blog
The Evolution of Video KYC: Revolutionise the Fintech Industry
FinTech encompasses financial organisations’ use of computing and communications tools to b...
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Blog
Digital Document verification – an efficacious method of ID card scanning
Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...
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Blog, Financial Crime / AML, Reg Tech
AML Checks: An Emerging Frontier in RegTech Revolution
The Anti Money Laundering (AML) landscape has been around since the signing of BSA (Bank Secrecy ...
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Blog
Understanding AML Sanction Lists: Key Global Regimes and their Importance
Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...
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Blog
DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud
Healthcare remains one of the most lucrative industries for criminals with nearly $272 billion lo...
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Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals
The nature of digital operations is changing, and users are now preferring to use remote services...
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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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Blog, Financial Crime / AML, Online Marketplace
Billion Dollar AML Compliance Plan for the Financial Sector
The financial services sector has long been blamed for the spread of financial crimes like money ...
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Blog
Know Your Patient – Curbing Healthcare Fraud through Identity Verification
With global digitization and emerging technologies, the healthcare sector has adopted a variety o...
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Blog
CCPA: A Real Roller Coaster for Business Entities
One huge change in 2020 is the new data privacy law called the California Consumer Privacy Act or...
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Shufti Beyond Borders – Customer Experience That Drives Results
About Stanton Brooks
Stanton Brooks is a global customer experience (CX) leader specializing in d...
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Blog
Deutsche Bank’s Epstein Fine – Lesson for Financial Institution
High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...
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Blog, Identity & KYC
User as Owner: Why KYC Software Needs to Respect Privacy Laws?
User as Owner is a simplistic concept that stipulates that all the data of any user collected by ...
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Blog
5 Key Questions About KYC Compliance to Look Out for in 2021
With the COVID-19 pandemic bringing challenges every day for businesses, the rate of identity fra...
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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 alternatives disrupting traditional KYC methods
Technology is building bridges between businesses and consumers across the barriers of distance a...
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Blog
Facial Recognition | The Principles of Responsible Use and the Legal Landscape
One of the most popular uses of AI nowadays is facial recognition. In all likelihood, it’s ...
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Blog, Identity & KYC
Know Your Patient: Anti-Fraud Pill for Healthcare Industry
Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...
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Blog
KYC Verification Process – 3 Steps to Know Your Customer Compliance
Since the turn of the century, we’ve been propelled into a technological revolution. As digital i...
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Facial Recognition Technology Pioneered at Olympic and Paralympic Games Tokyo 2020
Facial recognition has grown by leaps and bounds with the arrival of the sophisticated pattern-ma...
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eIDAS and eIDs – The Shift in Identity Verification in the EU & Beyond
In the digital world, ensuring the security of international transactions is the ultimate goal of...
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Blog
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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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
Customer Due Diligence – Risk Scoring of Fraudsters to Prevent Crimes
As per the research of The Journal of Accountancy, fraudsters carry out crimes for two reasons: n...
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Blog
Sim Swap Fraud: A new battle in the war of your Identity
In our connected world, we are using mobile devices for communication, work, banking, and enter...
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Blog
Latest Regulatory Updates on KYC Verification for Crypto Exchanges
Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...
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Blog
DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud
Healthcare remains one of the most lucrative industries for criminals with nearly $272 billion lo...
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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]
This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...
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Blog, Online Marketplace
Fraud Protection services for Online Retail Businesses
Online Marketplace faces Chargeback issues
Fraud Protection Services are an integral part of reta...
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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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Blog
Major Fines in the Gaming and Gambling Industry and the Role of e-IDV
The outbreak of Covid-19 has changed how we do business. Many firms that used to operate physical...
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Blog, Business Technology, Fraud Prevention
How Identity Theft Protection Can Increase Your Profit!
Identity theft protection is something that is not only a concern for ordinary users anymore. Bus...
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Blog
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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Blog
Facial Recognition in UAE to Protect Private and Government Sector
Continuous developments in the world of technology have led to many innovative solutions like fac...
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Blog
Japan’s Act on Personal Information Protection – What Businesses Must Do
New and emerging ways to bypass verification checks have allowed fraudulent entities to breach th...
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Blog
Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry
The telecommunication industry has played a crucial role in global digitization, innovation, and ...
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Blog
AML Compliance for the Crypto Sector – How VASPs Can Adhere to the Regulations
With cryptocurrencies gaining traction and entering the mainstream, financial regulators are asse...
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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...
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Blog
Rethinking Trust in Crypto: How Digital Identity Verification Will Power the Next Phase of Growth
The crypto industry is at a crossroads. After a decade marked by disruptive innovation and volati...
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Blog
5 Benefits of Optical Character Recognition in the Classroom
Optical Character Recognition (OCR) goes beyond just processing documents and boosting businesses...
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Blog
Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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Blog
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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