Blog
Transaction Screening: The Benefits and Challenges
Financial crimes are rising, wreaking havoc on organisations and individuals. The fraud rate has ...
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Blog
Crypto KYC: A Growing Need for Industry Regulation
The recent development of cryptocurrencies has resulted in a new era of financial transactions th...
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Blog
Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition
In 2020, companies experimented with different ways of working as the result of lockdown and Covi...
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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...
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Blog
Know Your Players: Why KYC is Necessary for Gaming and Gambling
The post-COVID-19 era has witnessed a remarkable surge in the e-sports and gaming sectors. This t...
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Blog
Trade based money laundering – Challenges, detection and prevention
Back in 2006, Financial Action Task Force (FATF) emphasised on new measures and strategies for ba...
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Artificial Intelligence, Blog
Knowledge Based Authentication a Thing of Past
If you are wondering what is knowledge-based authentication or KBA, let me ask you a question, ‘w...
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Blog
Liveness Detection and IDV: An Overview of Biometric Facial Recognition
Identity fraud and cybercrime have significantly surged in the past few years. Deepfake technolog...
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Blog
A Basic Guide to Smurfing and the Role of AML in Combating It
Scammers employ various strategies to conceal illegally acquired funds, and one increasingly prev...
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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
How the US Aims to Fight Financial Crimes and Global Corruption in 2022
2022 is looking like the year of change in the USA when it comes to combating illicit financial c...
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Blog
The Future of Customer Onboarding Post-COVID-19 Pandemic
The COVID-19 pandemic has changed our lives to the fullest and businesses have suffered a lot as ...
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Blog, Reg Tech
Shufti GDPR Review 2018: How we protected our clients from regulatory fines?
Shufti stands out in KYC industry not only because of its highly customizable and global iden...
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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
Navigating the New Era of Customer Identity: Strategies for Compliance Professionals
Introduction
The identity verification and authentication landscape is undergoing a rapid transfo...
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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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Blog, Identity & KYC
Can Identity Verification Services be Cheated by Hackers?
The latest intervention in the industry of fraud prevention services is identity verification ser...
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Blog
Age verification regulations demanding better compliance from businesses
“Youth is the hope of our future.” Jose Rizal
It is no secret that the youth is a valuable asse...
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Blog
How Scammers Bypass Face Verification and Tips for Choosing a Hacker-Resistant Liveness Solution
Facial recognition technology has brought about elevated convenience in various aspects of life. ...
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Blog
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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Blog
Identity Fraud and Risk Assessment: An Ultimate Guide for 2023
Customer onboarding and business relationships always come with associated risks that must be han...
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Blog
Customer Due Diligence Checklist – Is Your Business Compliant?
Compliance regulations can be a challenging task for the financial services sector and fulfilling...
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Blog
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
Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector
The digitisation of our world and economies have introduced greater ease and efficiency to our pr...
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Blog
Rising Concerns of Money Laundering and the Role of Global Financial Sanctions
Since 9/11, money laundering has become a global issue that has raised alarms for financial watch...
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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...
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Blog
The Shufti Difference: Speed, Security, and Fairness Without Compromise
With over 100 fraud and identity companies operating worldwide, you might assume that something l...
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Blog
How to Create a Wow! Fraud Prevention System with Shufti
The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...
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Blog
5 Industry Leaders Shared Their Insights on the Future of Biometrics
Modern technology has brought several conveniences to life. From the ease of working at home to s...
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Blog
4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog, Identity & KYC
How ID Verification via OCR can transform Digital World?
ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...
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Blog
Wholesale or Retail CBDCs? Settling the Endless Debate
The world is now moving towards digitisation at a faster pace than ever. The payment systems have...
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Blog
KYC | How to perform KYC verification in three simple steps
Know Your Customer, commonly referred to as ‘KYC’, is an identity verification process that plays...
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Blog
5 Predictions on the Future of Digital KYC and eKYC
It’s 2023. Welcome to the day and age of digital KYC verification. From multiple copies of ID car...
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Blog
Significance of Facial Recognition Technology in FinTech Fraud Detection
Compliance with Anti-Money Laundering (AML) requirements is challenging for financial organisatio...
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Blog
SEPA Instant Credit Transfer Schemes – Disrupting the Financial Sector in 2023
There is no denying the fact that the financial industry has vital importance in the contemporary...
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Blog
UK’s FIU Issues New Guidelines for Suspicious Activity Reporting
The UK’s Financial Intelligence Unit (UKFIU) has issued new guidance in August 2021. The latest i...
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Blog
Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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Blog
Risks of Vaccine Verification Apps & What IDV Industry can Offer
COVID-19 has brought enough changes to make the world smarter. Businesses and customers migrating...
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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 ...
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Blog
FATF’s Stance on Digitizing FIUs and Adopting A Risk-Based Approach for VAs
The Financial Action Task Force (FATF) is tirelessly working to guide Financial Intelligence Unit...
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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, Fraud Prevention
Internet of Things: B2B IoT Segments about to hit $300 Billion by 2020
The Internet of Things is growing exponentially with respect to its usage and capabilities. A who...
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Blog
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
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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Blog
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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Blog
A Comprehensive Guide to KYC and AML Regulations in the UK
The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...
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Blog
Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]
Biometric authentication is considered a convenient approach for onboarding online customers that...
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Blog
A Guide to Anti-Money Laundering (AML) Regulations in the UAE
As the Middle East’s financial hub, the UAE offers several enticing free trade zones that a...
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Blog
Securing Telehealth Services and Fighting Identity Fraud with Shufti’s ID Verification Solution
The telehealth industry has been completely revolutionized by services ranging from medical essen...
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Blog
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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Blog
AI-Powered OCR to replace data entry in 2020 – A detailed insight
Living in the data-driven world, there is a huge demand for storing data from printed or handwrit...
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Blog
Identity Verification: A Bulletproof Vest Against Sharing Economy Fraud
Over the previous year, you might have observed how the world has become increasingly dependent o...
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Blog, Reg Tech
How Identity Verification Services make Regulatory Compliance Easier?
Financial institutions and banks have ended up in a loop of dumping billions of dollars because o...
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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...
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Blog
Transforming the KYC Experience Using Automated Document Verification Checks
In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...
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Biometric Technology, Blog, Identity & KYC
ID Verification API – Smooth Integration With Online Systems
The financial services (FS) sector has the highest ever recorded abandonment rate of 83.6% amongs...
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Blog
FATF’s Stance on Digitizing FIUs and Adopting A Risk-Based Approach for VAs
The Financial Action Task Force (FATF) is tirelessly working to guide Financial Intelligence Unit...
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Blog
Safeguarding Ride-Hailing Services with Identity Verification Solutions
With the global digitization, mobility services are known to the world before the pandemic has ir...
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Blog
ICOs blocking investors from USA and China – Why and How?
Initial Coin Offerings, more commonly known as ICOs, are all the rage in modern day financial wor...
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Blog
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
An Insight into the US Regulations for the Art Art & Antiquities Sector
Billions of dollars worth of art and antiquities are traded throughout the world without checks t...
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Blog
Common Types of BNPL Fraud and the Role of KYC/AML Regulations
The Buy Now Pay Later (BNPL) services are growing rapidly. 42% of credit customers are interested...
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Blog
Online ID Verification – A Solution to Tax Refund Fraud
An increase in identity theft and tax fraud have become a major concern these days. Criminals are...
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Blog
NFTs, Art Market – What Investors Need to Know About ID Verification
In recent years, Non-Fungible Tokens (NFTs) have gained global attraction from individuals as wel...
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Blog
Prevailing Crimes in Identity Verification – How Shufti’s Forensic Document Verification Can Help
Identity fraud has become quite prevalent in digital businesses which is not only affecting opera...
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Blog
The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide
International collaboration and cross-border transactions have become the norm in our interconnec...
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Blog
How identity verification can help prevent Medical Identity Theft?
Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...
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Blog
Top 5 Industries that AI will Transform in 2021
Artificial intelligence is becoming a comprehensive and encyclopedic term to describe any innovat...
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Blog
Covid Test Verification To Facilitate Tourism Worldwide
Due to the coronavirus pandemic, tourism has been adversely affected and the entire travel sector...
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Blog
The Age Verification Advantage: Speed, Trust, and Privacy
Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...
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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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