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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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Know your transactions (KYT) boosts your KYC efforts
Integration problems, lack of adequate attributes, and how Know Your Customers (KYC) are handled,...
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Shufti’s AML Screening Solution – How to Comply with Germany’s AML Regulations
The stability of the global economy is at risk pertaining to the rapidly growing issues of money ...
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Online Identity Verification – The Hallmark of Surviving the Digital Upheaval
Embracing the digital world seems like entering uncharted waters where the challenges are novel, ...
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Securing Banks and Curbing Financial Crimes with Shufti AML/KYC Solution
Banks and other financial institutions constantly face the challenges of tackling financial crime...
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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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Combating 8 Prevalent Biometric Fraud Through a Single AI Solution
Considering how criminals are attempting new strategies to “steal a face”, companies are no longe...
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The Crucial Role of Ongoing Monitoring in Risk Mitigation
The nature of a business-to-clientele relationship subjects organisations to significant risks. F...
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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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Understanding AML Sanction Lists: Key Global Regimes and their Importance
Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...
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Impact of COVID-19 on disruptive Fintech industry
The economy and society worldwide are affected by the corona crisis. The effects of COVID-19 on b...
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KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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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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Here’s to 2021 – NFTs Conquering the Crypto Market
From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...
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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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Verifying Donors and Origins of Charitable Funds with Identity Verification
Like any other financial institution, charity organisations are also equally vulnerable to moneta...
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KYC in banking: How American banks can fight identity thieves?
In the present globalized, fast-evolving sphere, revolutionizing KYC (Know Your Customer) is cruc...
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6AMLD of EU – A detailed insight
European union’s another anti-money laundering directive is in the pipeline. And this time the un...
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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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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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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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Overcoming the Challenges of Proliferation Financing with AML Screening Solutions
On September 23rd, the 2021 UK NRA (National Risk Assessment) was published as part of the govern...
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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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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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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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How biometrics in visa process reduce travel difficulties
Biometric technology is enhancing the travel industry in many ways. Factors that drive the secur...
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Initial Art Offering – Everything you need to know about it
Initial Art offering is an innovative way to support artists and their brilliant art without worr...
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ID verification Services – Why Paper IDs are inferior to Digital Cards?
ID verification services are at the forefront of making online marketplace transparent and ensuri...
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Biometric Authentication is Smart but AI Makes it Smarter – Here is How
In the ongoing digital age security is a top priority concern of any organization. Data is a maj...
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Integrated Compliance Management – Mitigating the Regulatory Risks
Businesses operating in the financial sector often face organizational and compliance challenges....
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Panama Moves Forward With New Crypto Bill – A Step Towards Legalizing Digital Assets
Cryptocurrencies have been around for a decade now. As new technologies are emerging, criminals a...
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Know Your Driver – Urgency of Identity Verification for Mobility service Providers
Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...
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Top 5 Frequently Asked Questions about Biometric Verification
Identity theft, data breaches, and other crimes are rising in this age of digitisation. A quick r...
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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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Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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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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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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Fight Fraud Proactively and Reduce Fake Customer Accounts With Shufti’s AI-powered ID Document Forgery Detection
Bank statements, land documents, and social security checks are frequently forged. Document forge...
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Biometric Authentication – How Do Fraudsters Try to Bypass These Checks?
Biometric authentication is one of the ideal ways of dealing with fraudsters. Unfortunately, crim...
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Electronic Identity Verification | Technology and Regulations
Demand for efficient AML and KYC solutions increases as criminals develop more complex methods of...
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Corporate Transparency Act – The Road to Better AML Compliance
According to the latest reports, the United States ranked number 1 for not complying with the ant...
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From Crypto to Fiat Currency – Secure Exchanges with Transaction Monitoring Solutions
Transaction processes today are launching innovative possibilities for users across the economic ...
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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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The Role of Biometrics in Combating Money Laundering and Identity Fraud
The fast-paced growth of biometric technology and its widespread adoption in the financial and he...
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Japan’s AML/CFT Assessment – August 2021 Report
Financial crime is soaring sky high with digitisation becoming a part of our daily lives. Cyber a...
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New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening?
With digitization, the use of the internet and easy access to smart gadgets has increased the num...
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Digital Wallet Fraud | How AML Screening Solution Can Help
Digital wallets are becoming everyone’s go-to transaction method and the total number of e-wallet...
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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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Blog, Identity & KYC
4 Ways KYC Banking Regulations are Shaping the Future
Know Your Customer (KYC) regulations are vital for the banking system. Money laundering, depositi...
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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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Transaction Screening: The Benefits and Challenges
Financial crimes are rising, wreaking havoc on organisations and individuals. The fraud rate has ...
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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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Biometrics Bucking the Trend of KYP in Healthcare
Over the last few years, biometric technology is deeply entrenched in various commercial marketpl...
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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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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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Blog, Identity & KYC
7 Ways to Protect Your Children from Identity Theft
Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...
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Blog, Reg Tech
GDPR Phishing Scams – A Novel Trap to Scoop up Information
General Data Protection Regulation (GDPR), an EU regulation comes into force on 25 May 2018 and a...
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AML Compliance – Global Watchlists that Businesses Need to Consider
Coordinated sanctions after the Russian invasion of Ukraine have made the headlines due to their ...
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How Shufti’s KYC Solution Can Ensure Compliance For Call Centers Fighting Crime
With emerging technologies and rapid digitization, the world is relying on the web and a variety ...
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Blog
Keeping AI Bias Out of the IDV Game with Shufti
Consider this: 85% of financial institutions today use some form of AI in their products. The tec...
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Blog, Business Technology
How Blockchain is Making the World a Better Place
Verify identity: The whole world lives online now. Yes, that’s an exaggeration but we are gradual...
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Intelligent Character Recognition: How it Drives the Industry with a Breeze
Data is the nucleus of any business and how efficiently it is processed is the key to digital tra...
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Top 5 Trends for the Government Sector in 2022
With the emergence of the new variant of COVID-19 “Omicron” in South Africa, it is possible that ...
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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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Secure the Fintech Future with RegTech
Financial Technology (Fintech) refers to the use of technological advancements in the financial i...
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Blog
KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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Blog
Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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KYC Verification – Defeating Anonymity on Social Media Platforms
In the introductory phase, social media platforms were merely a small part of the internet where ...
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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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AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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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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E-learning Platforms and IDV Solutions: A Natural And Much Needed Partnership
The advancement of modern technologies and telecommunication modes has made online assistance ava...
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