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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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The Benefits and Best Practices of Deploying Facial Recognition in the Workplace
With the rapid shift towards digitisation, keeping track of the most recent technological develop...
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Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help
The real estate industry has long provided a safe way for fraudsters to secretly launder or inves...
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The Evolution of AML Compliance from Checkbox to Risk-based Approach
Financial institutions are exposed to several money laundering threats, as criminals today are we...
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ID Verification for Ultimate Subscription Fraud Prevention
Cellular phones were first introduced in the consumer market in 1973 when Motorolla first introdu...
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Multi-Tier Security – Another Line of Defense Against Bank Account Scammers
The banking sector has been witnessing a significant rise in criminal activities is a major conce...
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Online Payment Fraud and the Role of AML Transaction Monitoring
Imposing travel restrictions worldwide after the COVID-19 pandemic led to an unprecedented surge ...
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KYC Verification – The Significance of Identity Verification in the Telecom Industry
Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...
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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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Blog, Identity & KYC
Which KYC Documents are Required for Customer Verification?
Name, Rank, Brigade, and Serial Number. That’s the only information military organizations across...
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Securing Instant Money Transfers in the Banking Sector – EPC’s New Rulebook
Financial services have always played a vital role throughout the entire history of advanced huma...
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Cannabis Industry – Risks, Predictions, Fraud & KYC/AML Obligations
The ever-growing industries across the world are opening gates for numerous opportunities to gree...
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How AI is Transforming the Banking Sector
Artificial Intelligence has extensive applications across several domains: from banking to health...
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Identity Verification – Combating Fraud in the Telecommunication Sector
Developing technology, rapid growth in digitization, and increased use of digital transactions ha...
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KYC & AML Regulations in the UK: An Ultimate Guide
Financial crimes have been around since the invention of money. Some argue that their origins are...
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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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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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A Brief Insight into AML Regulations for the Art Market
While the banking sector faces increased scrutiny to prevent illicit financial flows, a significa...
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KYC/AML Compliance – A Safeguard Against Money Laundering in the NFT Market
The instability in the non-fungible token (NFT) sector can be seen in the record sales of $25 bil...
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Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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Top 10 Health Industry Trends to Watch for in 2022
What are your expectations from the healthcare industry? Technological advancements have proven c...
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Don’t Need AML Compliance? Think Again!
The majority of the businesses believe that they do not need to comply with AML regulations at al...
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Gambling Compliance or Data Protection? The Puzzle is Solved!
The evolving regulations for the gambling industry are likely to increase compliance challenges i...
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The Crucial Role of Face Liveness Check in Fintech
Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...
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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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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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Rising Social Media Scams in 2020 Calling for Digital Identity Verification
Social media was a simple place for interaction a few years back. People valued it for its securi...
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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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On-Premises Identity Verification – A Solution to Prevent Data Breaches
From virtual modes of communication to digitised solutions for operating efficiently, the perks o...
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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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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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Blog
AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses
There are approximately 77 challenger banks in Europe alone, the best range amongst the other reg...
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Blog, Online Marketplace
Industrial significance of KYC / AML Compliance in 2019
As the type and amount of fraudulent activities have increased over the years, governments and re...
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Worldwide Language Coverage from Shufti helps you go Global
Language serves the purpose of communication among people of a certain locality, nation or in cas...
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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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The Crucial Role of Digital Onboarding and Ongoing KYC Monitoring
In this digital world, users expect convenience, speed, and greater security. Businesses that off...
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Strategic Evaluation and Elimination of Money Laundering in Real-Estate Sectors
The exchange of illicit money through real estate has been the most commonly encountered method o...
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Online Identity Verification – How to Secure Online Gaming & Gambling Platforms
Online gambling is the way to go for betting enthusiasts nowadays and brings both convenience and...
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Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Anti-Money Laundering Solutions | Helping Businesses Fight Against Financial Crimes
In today’s digital world, increased financial crimes adversely impact global industries, mainly t...
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Strengthening digital businesses with online age verification
It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...
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An Insight Into AML Compliance Concerns Amid Russia Sanctions
With Russia’s attack on Ukraine, the international financial landscape is facing concerns of comp...
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An inside look at the need for AML in the e-gaming industry
Data analytics and trends show the penetration of the population into console-based online video ...
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6 Upcoming Trends In Blockchain And Cryptocurrency For 2021
2020 was unlike any other year. It was chaotic, happening, and has finally come to an end.
In the...
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Understanding eKYC | The Benefits, Processes & 2024 Forecast
Governments worldwide require firms, such as financial institutions, to know who their customers ...
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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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Politically Exposed Person – An unsaid threat to Businesses
A politically exposed person or PEP is the one who has been assigned to perform prominent public ...
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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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Blog
HKMA’s Risk Assessment Guidelines for AML/CFT Compliance in the Banking Sector
In the past few years, global regulatory authorities have been laying new grounds for Anti-Money ...
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Blog, Online Marketplace
Social Media and Identity Theft Frauds
Imagine this: You get up in the morning and like most people; check your email. There you have an...
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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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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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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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New KYC Regime for the UK, US, and Australia – What’s in it for Financial Institutions?
Financial institutions are known for getting their reputation maligned due to crimes like identit...
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Blog, Online Marketplace
How AI is Transforming Fraud Prevention in the Healthcare Industry
KYC For HealthCare: Fraud is so common that there is hardly any industry that hasn’t had to bear ...
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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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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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Online Dating Scams – ID Verification Solution to the Rescue
COVID-19 exposures and its associated risks with today’s in-person meetups and traditional ...
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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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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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Top 10 Technology Trends in the Travel Industry to watch for in 2022
The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...
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Age Verification Service – How Businesses can Identify Underage Visitors in Real Time?
When it comes online retail, one has to know that in such an age of fast-moving technology and in...
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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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Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide
The threat for money laundering and terror financing continue to increase with global a...
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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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AML Compliance in the UK’s Financial Sector – What Shufti Offers
The UK is known in the global financial paradigm for being both a financial hub and the dirty mon...
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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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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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Affiliate Fraud Detection | How to Prevent it in 2024
Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...
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Blog
An Insight into Online Dating Scams – How Identity Verification Helps
The impact of Covid-19 on businesses and the physical, mental health of individuals has been stre...
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Blog
EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World
A few days back, the European Union Commission published a draft for digital ID wallets for all t...
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