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
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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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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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
KYC/AML Compliance – Eliminating Financial Crime in Challenger Banks
Challenger banks have emerged in the financial services paradigm by bringing digital innovations ...
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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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Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Blog
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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Blog
A Go-To Guide to Proof of Address Verification in 2024
Customer identity verification is significant in today’s digital world – from buying produc...
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Blog
Digital KYC – Protecting All Generations from ID Fraud
From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...
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Blog
Top 8 Facial Recognition trends to watch in 2020
Facial recognition has been gaining prominence in recent times, owing to the benefits it offers o...
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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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Artificial Intelligence, Blog
Artificial Intelligence – What is it and Why it Matters
Artificial intelligence (AI) emphasizes the creation of intelligent machines that work and react ...
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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
Understanding and Implementing Age Verification Requirements in Accordance with the FDA Deeming Rule
Youth is considered the most valuable asset for any country, and it is the government’s responsib...
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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
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, Business Technology
Fintech Trends – Unlocking the Unmapped Potential
Fintech, a blend of two words Finance and Technology, represents the collision of two worlds that...
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Blog
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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Blog
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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Blog
Top 13 Cybersecurity Predictions for 2020
Cybersecurity threats are ostensibly ubiquitous in this internetworking infrastructure. Internet-...
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Blog
Digital KYC to Trace and Tackle High-Risk Customers
Customers are the assets and building blocks of any business. Customers are responsible for takin...
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Blog
Uncovering 5 Holiday Season Scams and How to Avoid them this Year
‘Tis the season when the best deals of the year are attracting customers towards online shopping ...
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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Blog
UAE’s Targeted Financial Sanctions (TFS) – How Shufti Can Help Ensure AML Compliance
Money laundering has always remained a huge challenge for global economies, and all the major jur...
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Blog
The Emerging Threat of DeepFakes and the Role of Video KYC
With technological advancement, cybercriminals are revising their strategies to commit fraud. Cri...
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Blog
Know Your Investor (KYI)- Ensuring Seamless Investor Onboarding for the Investment Industry
With global stock markets skyrocketing, the wealth, asset and investment sector is under growing ...
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Blog
FATF October 2019 Plenary – Here is What You Need to Know
Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 O...
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Blog
A Detailed Insight Into Australia’s Gaming and Gambling Regulations
In recent years, the online gaming and gambling industry has experienced significant growth as te...
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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
Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime
Emerging FinTech firms around the world spend almost one-third of their overall budgets on develo...
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Blog
Top 5 Challenges in Online Identity Verification
The online ecosystem of identity management is more dynamic than ever before. It’s a flexible and...
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Blog
Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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Blog
What is KYC and Why is it Important for Crypto Exchanges?
Cryptocurrencies are causing significant disruptions in the financial world. Cryptograp...
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Blog
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, Financial Crime / AML, Online Marketplace
Smaller Banks are in dire need of AML Compliance to avoid fines
Smaller banks are being considered an easy target for money laundering activities because of thei...
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Blog, Business Technology
Fintech Trends – Unlocking the Unmapped Potential
Fintech, a blend of two words Finance and Technology, represents the collision of two worlds that...
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Blog
Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help
Since the start of civilization, humans have used money in several different ways, and throughout...
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Blog
Top 5 Ways to Improve Transaction Monitoring in Fintech
Fintech is a fast-growing sector that combines finance and technology to assist businesses and cu...
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Blog
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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Blog
Telehealth Services and Sophisticated Crimes – How Shufti Can Help Health Centers
The speed of innovation has never been faster. Re-emerging from a global pandemic, busi...
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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
Top 5 Non-banking Industries in the Crosshairs of Financial Criminals
The first half of 2021 saw significant disruption in the financial world as traditional criminal ...
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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
August 2023 Recap: Major Violations and How AML Screening Can Help
With technological advancement, scammers are revising their strategies to bypass verification sol...
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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
AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2]
Australia is an important member of the Financial Action Task Force and plays a substantial role ...
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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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Blog
20 Facts and Statistics About the Global Finance Sector
The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...
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Blog
UAE’s Crypto Landscape – Eliminating Financial Crime to Ensure Regulatory Compliance
The UAE is the Middle East’s rapidly growing cryptocurrency hub that is experiencing a heated-up ...
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Blog
Investor Onboarding | Navigating the Challenges of Digitization
Private market companies are setting their sights on retail investors and exploring technology an...
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Blog
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, 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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Blog
Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks
With emerging technologies, financial services are witnessing a digital revolution that is changi...
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Blog
How ID Verification Helps in Fighting Digital Scams?
ID VERIFICATION: Digital scams are common phenomena and it affects all types of businesses in eve...
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Blog
Investor Onboarding | Navigating the Challenges of Digitization
Private market companies are setting their sights on retail investors and exploring technology an...
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Blog
10 factors shaping the identity verification industry in 2020
The identity verification industry is expected to grow steadily during the forecast period, reach...
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Blog
The Worldwide Response on Covid Vaccine Passports – A Brief Insight
One question that is being asked around the world with great urgency is, would freedom be granted...
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Blog, Online Marketplace
How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?
The travel industry is a unique business category servicing clients from various destinations and...
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Blog
5 Technology Trends To Disrupt Banking in 2020
Living in the digital era, technology is driving major changes in almost every industry. Whether ...
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Blog
Crypto Regulations 2021 – What Digital Currency Providers Need to do
Cryptocurrency has been a hot topic ever since its advent in 2009. The ability to draw investor a...
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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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Blog
Strong Customer Authentication (SCA) – Factors, Methods, and Benefits
In Europe, new customer authentication requirements for online payments were introduced on Septem...
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Blog
10 Ways to Eliminate Business Fraud with Robotic Process Automation (RPA)
One of the prime concerns of businesses today is detecting and mitigating the risk of fraud. This...
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Blog
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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Blog
Digital customer onboarding – Revamping onboarding process in banks
The first impression is what counts most when it comes to customer-oriented services. Banks and f...
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Blog
AML & KYC Compliance – 5 Ways AI is Supporting the Fight Against Financial Crimes
Reforming AML & KYC Compliance Structures for Financial Institutions
The capabilities ...
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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
Money Laundering Through Cryptocurrency: Red Flags and AML Risks
As the use of virtual assets becomes widespread, crypto firms have a major dilemma to deal with &...
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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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Blog
Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs
According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...
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Blog
10 High-Risk Jurisdictions for Money Laundering According to FATF
Innovations like stablecoins and non-fungible tokens (NFTs) created quite the hype in the past ye...
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