Blog, Fraud Prevention
6 Steps of Online Fraud Prevention for Businesses
With the rapid development in the online retail industry and banking industry, there is an increa...
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Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud
Document verification is the most important stage when it comes to doing online business, getting...
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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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Identity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularl...
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Facial Recognition Technology Pioneered at Olympic and Paralympic Games Tokyo 2020
Facial recognition has grown by leaps and bounds with the arrival of the sophisticated pattern-ma...
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From Fraudsters to Artists – The Dire Need of AML Compliance for NFTs
Over the past few years, NFTs or Non-Fungible Tokens have become popular in the crypto sector. Ac...
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AI-Powered OCR to Combat Challenges During Manual Data Processing
Every industry has to deal with tons of customer data on a daily basis. Receiving information, ex...
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Blog, Financial Crime / AML
AML Screening in the light of Compliance Regimes Around the Globe
AML compliance is inevitable for all types of businesses around the globe. The regulatory complia...
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Biometric Technology, Blog, Online Marketplace
Why a Business would need Biometric Consent Verification?
Biometric consent verification is a unique solution from Shufti that enables businesses and c...
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Why Payment Processors Need Mobile ID Verification?
One of the many by-products of progressing technology is payment systems that have cropped up ove...
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A Brief Insight Into Anti-Money Laundering (AML) Regulations in Colombia
Money laundering has become a global issue, and almost all countries are facing this threat in va...
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5 Effective Ways Shufti Combats First-party Fraud
After analysing fraud incidents of the previous year and the current one, we observed an interest...
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Blog, Identity & KYC
User as Owner: Why KYC Software Needs to Respect Privacy Laws?
User as Owner is a simplistic concept that stipulates that all the data of any user collected by ...
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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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5-Steps to Improve Customer Due Diligence Process
The digital age has witnessed a new wave of financial fraud. It is estimated that $4.7 trillion o...
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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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Integrated Compliance Management – Mitigating the Regulatory Risks
Businesses operating in the financial sector often face organizational and compliance challenges....
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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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Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Enhancing the Effectiveness of KYC Checks with Shufti’s Forensic Document Verification
With emerging technologies and rapid digitization, identity fraud has become quite common, raisin...
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Hazards of Ransomware are real for Cryptocurrency Miners
Cryptocurrency may well be the future of economic landscape and it has the potential of taking th...
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Identity Verification making online dating platforms secure
The expansion of the internet and mobile devices has led to the rapid adoption of online dating. ...
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4 Ways How Technology Can Simplify KYC and AML Workflow Management
While the terms AML and KYC are used interchangeably, there is a huge difference between the two....
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Address Verification: The Cornerstone of Elevating Customer Experience
Today’s highly emerging technology is changing the way consumers shop online products. Given the ...
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Identifying and Combating Trade-Based Money Laundering with Shufti AML Screening Services
The crime involved in trading is as old as human history. Where there is trade there is money inv...
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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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Business Verification: A new line of Defense against Fraudsters
With the ever-increasing complexities of anti-money laundering (AML) and counter-terrorism financ...
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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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Bitcoin ATMs – how it works and KYC compliance
Bitcoin ATMs are everything an ATM is and isn’t.
The world of finance and banking has chang...
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Video KYC Onboarding: Fintechs meeting KYC compliance with video identifications
The Financial industry is introducing a digital revolution globally. The term Fintech corresponds...
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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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2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals
Passwords continue to be a low-hanging fruit for cybercriminals.
Approximately 15 million record...
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AML and KYC Regulations in China – New Requirements to Secure Financial Industry
China’s financial system is undergoing a pivotal transformation. The country is limiting sharehol...
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Evolution of Digital Payments and Prevailing Crimes – How Shufti’s AML Screening Can Help
With emerging technologies, the digital payments trend is rising, and users are executing frictio...
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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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The Power of Robotic Process Automation in the Banking Industry
Entering into the fourth industrial revolution, business processes are shifted to the digital sph...
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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, Business Technology, Financial Crime / AML, Fraud Prevention, Identity & KYC
Initial CCPA Compliance Costs Could Hit $55 Billion: Report
According to an economic impact assessment prepared for the state attorney general’s office by an...
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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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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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Securing The Digital Landscape with Electronic Identity Verification Services
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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Age Verification Solution – Restricting Minors from Becoming Mules
From playing online video games to betting on horses, the digital gaming and gambling industry is...
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Blog, Financial Crime / AML
Impact of Bitcoin Addresses’ Sanctions on IDV Providers
The technology enhancement is being done at an exponential rate around the world. As the tech kee...
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International Tax Body to curb Cryptocurrency based Tax Evasion
Tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the U...
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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 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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Prevailing Crimes in Metaverse – How Shufti’s IDV Solution Can Help
Metaverse is a virtual space where people belonging to the same or different physical regions can...
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Evolution of Digital Payments and Prevailing Crimes – How Shufti’s AML Screening Can Help
With emerging technologies, the digital payments trend is rising, and users are executing frictio...
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Combatting Fraud in the Automotive Industry
Fraud is a growing concern for many industries and the automotive industry is no exception. In 20...
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Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say?
While addressing AML/CFT requirements for cross-border payments, the global financial watchdog, F...
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Blog, Identity & KYC
KYC and AML Compliance can help cryptocurrencies to earn legitimacy
Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...
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Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)
During the last few decades, the financial industry has altogether revolutionized, and digital tr...
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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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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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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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eIDAS and eIDs – The Shift in Identity Verification in the EU & Beyond
In the digital world, ensuring the security of international transactions is the ultimate goal of...
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How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks
With the increased risk of financial crime, banks and other financial institutions within a state...
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KYC For Sharing Economy – Building a Safe & Trusted Environment that Retains Customers
“Sharing Economy” is a term that has become popular in recent years, and the current digital worl...
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Stronger Global Identity Coverage… Where it Counts
In today’s globalized economy, businesses are striving to expand their footprint across borders. ...
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The Crucial Role of Know Your Customer (KYC) in Gaming
The gaming sector has grown exponentially since the first arcade games of the 70s. Surpassing mus...
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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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Top 4 Reasons that will Increase Money Laundering Risks in 2022
Unlike other frauds, like like tax evasion, drug trafficking, extortion, and misappropriation of ...
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Securing Identities in the Age of AI with Facial Recognition Technology
Although the digital revolution has brought us unprecedented levels of connectivity and comfort, ...
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How Multi-Factor Authentication Is Playing An Important Role In Combating Rising Online Business Fraud
The advent of online businesses has brought a lot of convenience for customers using modern techn...
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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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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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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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How Optical Character Recognition Improves the Process of Identity Verification for Businesses
Evolving technologies have created a competitive market where every business strives to optimize ...
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5 types of identity theft fraud and How businesses can prevent it?
Online identity theft has the fastest growing crime rate in the world. According to a report, onl...
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Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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