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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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Source of Funds | A Critical Step in Mitigating the Risk of Money Laundering
As the world continues on a path of digitization, business operations persist to undergo signific...
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The Latest AML Violations and the Role of Transaction Monitoring
In the evolving regulatory landscape, combating financial crimes has become a top priority of reg...
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Instant Client Onboarding with E-KYC Screening
Technological Advancement and its Influence
The world needs to constantly evolve in order to surv...
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Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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CFT & AML Compliance To Hold Back Financial Crimes
In this digital era, many factors are greasing the wheel of money laundering. Due to online trans...
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5 Ways how IDV Provides an Active Defense Against Fincrime
Identity theft, account takeovers, and data breaches… The world has seen enough cybercrime ...
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Anti Money Laundering, Artificial Intelligence, Blog
AI a Blessing – AML compliance cost reduced by $217 billion
The U.S. financial firms spend approximately $25.3 Billion in terms of compliance, risk managemen...
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Biometric Authentication: Use Cases and Advantages
What is Biometric Authentication?
Biometric authentication refers to the process of using unique ...
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Prevailing Financial Crimes and AML Regulation in Argentina – How Shufti Can Help
Argentina has faced many significant challenges due to its geographical location, including the f...
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Top 5 Technologies Disrupting the Healthcare Sector
Within the next five years, experts are anticipating major technological disruption in the 808 bi...
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All You Need to Know About Facial Recognition
Rapid digitisation over the past few years has led to the adoption of facial recognition for many...
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Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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Securing Business Operations with Address Verification in 2024
A key component of enhancing customer service and reducing fraud is gathering and validating addr...
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What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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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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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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A Deep Dive into Know Your Business Verification
Customer verification is essential for all businesses to onboard legitimate customers, but what a...
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Blog, Online Marketplace
How Mobile KYC will revolutionize the Digital World?
Mobile KYC is the next frontier in Identity Verification services allowing greater access to busi...
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KYC Isn’t Enough: Get Ready for the Future of Verification
Over the past few years, companies have been looking for more sophisticated identity verification...
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Blog, Business Technology
Why is Libra Cryptocurrency The Most Trending Thing Right Now?
The universe of crypto revolves around an aversion to a central financial authority. The financia...
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Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships
Online dating apps have altogether transformed the concept of socializing, and people are now int...
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40 recommendations of FATF – Shaping the future of your business
Financial Action Task Force or simply FATF is an active global authority that never fails in surp...
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Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
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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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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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Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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Blog, Identity & KYC
Why You Need to Verify Identity Online
5 Unusual Ways Stolen Identities Can be Used Online
The need to verify identity in the digital sp...
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Infographics
To develop a simple and easy understanding of e-KYC and the role played by Shufti’s digital i...
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Is NFC Really the Future? The Mystery Solved!
We arguably live in a world that is now dependent on technology. From online payments to online e...
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Financial Institutions and Prevailing Crimes – How Shufti’s AML Screening Solution can Help
The year 2021 has been a year of two halves, the first businesses and individuals were dealing wi...
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Identity verification solutions to fight against faces of fraud
In this digital world, billions of smart devices are circulating, connecting and communicating wi...
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UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021
A dramatic increase in Anti-Money Laundering (AML) fines was seen in 2021 as financial watchdogs ...
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Initial Exchange Offerings (IEOs) – A Detailed Insight
The advent of the Crypto industry brought decentralized and innovative fundraising ways. One of t...
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Know Your Player – Preventing Identity Fraud in Sports Events
The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...
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Facial recognition technology grooving into cruise ships for ID verification
No more boarding frustration, no more standing in the queues for hours…
The travel industry is re...
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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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What are chargeback frauds and what do they mean for businesses?
The world we live in no longer seems to be honest and fair. A large number of individuals are par...
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Biometric Technology, Blog, Online Marketplace
Face Verification Becoming Vital For Travel Industry
Over the past few years, biometric technology has become increasingly mainstream. This is due in ...
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AML Verification Services: Fighting Back Financial Crimes in 2023
The Covid-19 outbreak has increased reliance on eCommerce and digital banking — cultivating a lus...
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Fighting Financial Crimes and Securing Gambling Services with Shufti’s AML Screening Solution
Historically, the measures to curb money laundering and terrorist financing had only been only im...
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EDD: Safeguarding Business Interests with Comprehensive Risk Mitigation
Traditional due diligence practices may not provide sufficient insights into higher-risk business...
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Blog, Fraud Prevention
4 Fraud prevention tips that you must follow this Holiday Season
The holiday season is around the corner and it is the time of the year when online shopping and m...
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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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Online Age Verification Service: Children’s Digital Privacy amid COVID-19
The meteoric rise in the adoption of digital technology has influenced every phase of modern huma...
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How can you prepare for AML Compliance – Ultimate AML Guidelines For Starters
Anti Money Laundering Compliance, commonly known as AML Compliance, is something that banks and f...
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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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Identity Verification entails a lot more than customer verification
Identity theft and digital fraud are on the rise. Cybersecurity is of essence for all the organis...
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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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How Optical Character Recognition is Changing the Financial Industry
Banking and other financial services are the world’s most closely watched and strictly gove...
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Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks
Businesses are under constant threat of financial damage. This is primarily because cybercriminal...
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Shufti Turns Three – A journey of building trust globally
October 31, 2020, marks the third anniversary of Shufti and three successful years of buildin...
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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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Preventing Criminal Abuse of the Australian Crypto Market with Shufti’s AML Screening Services
Cryptocurrencies have been around for a decade and investors have found a feasible option for inv...
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A Brief Overview of the Cryptocurrency Landscape in the US and Canada [2022]
The adoption of cryptocurrency throughout the world has ignited the launch of new markets and reg...
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A Quantitative Insight into the Global Gaming and Gambling Industry
The gaming and gambling industry has demonstrated exponential growth in the past decades and is e...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
The FinTech Industry: A Snapshot
What is FinTech?
Financial technology, known more commonly as FinTech, is a term that refers to t...
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5 reasons why passwords are no more safe – What’s next?
Online platforms are using passwords to secure the privacy and data of their users – but ar...
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Synthetic Identity Fraud: Fake Identities for Criminal Activity
An increase in financial crime has been predicted by economic downturns during the previous two d...
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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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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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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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High-Risk Customers in Banking and How EDD Can Help Identify Them
In this age of digitisation, banks and other financial institutions face a high risk of money lau...
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ID Document Fraud | Is Your Business Prepared to Fight the War Against Fraud in 2024?
In today’s data-driven, digitized world, various business processes have been automated...
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Infographics
To develop a simple and easy understanding of e-KYC and the role played by Shufti’s digital i...
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AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering
Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...
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Blog, Financial Crime / AML
FSA demands greater AML Compliance from Japanese Crypto Exchanges
In a recent move, Financial Services Agency (FSA), the Japanese Financial regulator, has demanded...
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AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector
There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...
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Age Verification: Data Privacy and User Protection
In recent years, there’s been a lot of speculation surrounding the issue of whether or not ...
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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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