Blog, Fraud Prevention
Face Verification Technology Grooving in the Education Sector
We are now in a golden age of face recognition. The main reason for rapid adoption is recognition...
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Verify on the fly: Touchless airport security clearance using biometrics
Around one hundred and seventeen years ago, the Wright brothers designed, built and flew the firs...
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The Top Customer Onboarding Tips for Businesses
Today every business is competing to boost their retention rate and offer their audience a secure...
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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 ...
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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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Blog, Business Technology
4 Fintech trends to look forward in 2019
FInTech has come a long way from being a mere futuristic technology and has achieved scalability ...
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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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A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview]
Over the past few years, the financial industry has witnessed significant technological changes, ...
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Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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Blog, Identity & KYC, Online Marketplace
Why 2 Factor Authentication is vital for Online Identity Risk Management?
Online identity risk management is becoming harder and harder on cyberspace. It is a headache for...
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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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Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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The Top Use Cases of Optical Character Recognition (OCR) Technology
Optical Character Recognition (OCR) technology has transformed how businesses collect, process, a...
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Global Trade and Prevalent Crimes – How Shufti’s AML Solution Can Help
International trade is exchanging services, capital, and goods across borders or territories, gen...
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Transaction Screening Vs Transaction Monitoring | What’s the Difference?
Transaction screening and transaction monitoring are critical in money laundering, counter-terror...
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Blog, Identity & KYC, Reg Tech
RegTech: The Case for Financial Inclusion
The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...
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How can AML play a role to impede the financing of terrorism?
Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...
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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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Blog, Identity & KYC
Digital KYC Streamlines Customer On-boarding Process
Shufti brings forth digital KYC verification services to perform identity verification proces...
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How Can You Make Your Onboarding Process Cost-Effective?
The customer onboarding process can cost your business a fortune if it is complex. In the modern ...
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Blog, Business Technology, Identity & KYC
The Reason Why Companies Painstakingly Screen Customers
Remote identity Proofing: generally believe that more customers bring more revenue. But that is ...
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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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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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Video KYC Verification – Reimaging Customer Onboarding in 2023
As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...
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Blog, Identity & KYC
Know Your Customer with Video Proof
Know your Customer (KYC) verification with Shufti, which is becoming a recognised name in the...
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Digital Age Verification replacing Age Gates for better compliance
Age verification is one of the trending snd sensitive topics these days, especially in the busine...
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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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The EU’s New AML Proposal, What’s in Store?
To strengthen the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...
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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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Know Your Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
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Biometrics identity verification system – a masterstroke in verification market
The biometrics identity verification system determines the resemblance of an individual by compar...
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Blog, Identity & KYC
Know Your Customer with Video Proof
Know your Customer (KYC) verification with Shufti, which is becoming a recognised name in the...
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Video KYC: Taking Traditional KYC to the Next Level
Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...
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Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021
On 16 July 2021, the US Financial Services Task Force on Artificial Intelligence held a virtual h...
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On-Premises vs Cloud Services – Two Sides of the Same Coin
With the advent of technology, industries are streamlining all their processes and ensuring highe...
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Impact of California Consumer Privacy Act on Online Businesses
California consumer privacy act has been revolutionizing consumer data regulations. The act was p...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Facial Recognition: Worries About the Use of Synthetic Media
In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...
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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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From Fraudsters to Artists – The Dire Need of AML Compliance for NFTs
Over the past few years, NFTs or Non-Fungible Tokens have become popular in the crypto sector. Ac...
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Blog, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog, Financial Crime / AML, Identity & KYC
All You Need To Know About KYC Compliance
Financial crimes are increasing at an immense pace. As per the United Nations Office of Drugs and...
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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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Blog, Fraud Prevention
Identity Theft Frauds – How can you stay a step ahead?
Identity theft is ‘a hot potato’ these days. Every day we come across news of online fraud that h...
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China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Why Digital Identity Verification is Booming – A Detailed Insight
According to the report “Digital Identity & Document Verification Market & Technology Ana...
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Pandora Papers Pushing Global Authorities to Bridge Regulatory Gaps
The Pandora Papers have made headlines for not only exposing offshore dealings of the rich but al...
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Enhance Time Efficiency with Shufti’s KYC Solution
The Past
Quick and secure e-KYC verification might not have been of importance in the days prior ...
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Blog
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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Blog, Online Marketplace
Why Millennials don’t care about Conventional Banking Services?
Millennials are different from the baby boomer generation. They earn less than what the previous ...
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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
May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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Addressing Regulatory Compliance in Online Gambling with Effective AML Screening
The internet is a key risk element for gambling because it gives the user a sense of obscurity, t...
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Disruptive Fintech Trends 2020
Fintech has changed the way consumers access their finances. From mobile payment apps to insuranc...
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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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The New Face of Authentication (*hint: you’ve seen it before!)
Companies face the daunting tasks of securing their data against the evolving threat of fraud whi...
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Digital Passports Driving the need for Biometric Verification at Airports
Digital or chipped biometric passports have automated the verification process at airports. The e...
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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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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, Financial Crime / AML, Fraud Prevention, Identity & KYC
Facial Recognition: Worries About the Use of Synthetic Media
In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...
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Blog
The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance
Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...
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GDPR Compliance vs BlockChain Debate – Things you must know
GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...
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Curbing Real Estate Crimes with AML Screening Solutions – How Shufti Can Help
In course of history, money laundering has always remained most complicated issue for governments...
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Blog, Business Technology, Fraud Prevention, Identity & KYC
Face Verification – One Solution for Several Identity Frauds
Biometrics is the technology that verifies the unique personality traits of a person to identify ...
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Blog, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog
Warning Signs of ICO Scams and the Role of Identity Verification Service
If you have heard of Bitcoins and cryptocurrencies then you must have heard of ICOs or Initial Co...
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A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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FinTech and FinCrime – The Global Regulatory Landscape
Also known as financial technology, FinTech is now among the fastest-growing industries. This sec...
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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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Blog
40 Surprising Facts and Statistics About Money Laundering [2021 Update]
Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...
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How to protect your online gaming platform from ID frauds?
Gone are the days when online gaming was only restricted to LAN parties. With the development of ...
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Blog
Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification in 2024
Identity verification is crucial in today’s ever-evolving digital landscape as it helps prevent i...
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