Blog
The Reality Behind Money Laundering through Environmental Crimes
Environmental crimes are among the most prevailing and profiting offenses present in the world. C...
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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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Blog
The Most Common Bank Scams and How e-IDV Can Help
Protecting customers against diverse types of fraud is a continual practice for banks and credit ...
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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, Fraud Prevention
4 Fraud Prevention Tips For Your E-commerce Business this Holiday Season
With the holiday shopping season in full swing, e-commerce fraud risk is a glaring reality that n...
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Blog
Securing Digital Landscape with Electronic Identity Verification Services in 2023
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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Holiday Season Scams – 5 Ways Identity Verification Can Help You
The holiday season brings in a lot of joy and harmony for everyone. From thanksgiving to new year...
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AML Compliance for the Crypto Sector – How VASPs Can Adhere to the Regulations
With cryptocurrencies gaining traction and entering the mainstream, financial regulators are asse...
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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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Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect
The rise and evolution of social media have completely transformed the way people communicated an...
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Transforming the KYC Experience Using Automated Document Verification Checks
In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...
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Artificial Intelligence, Blog, Identity & KYC
How Biometric Technology is Shaping Up for 2020
The verification of individuals for security measures has become remarkably important for organiz...
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Blog
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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Blog
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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Passport Verification: Preventing Document Forgery and Identity Theft
In our current era of modern interconnection, global travel has become more accessible than ever,...
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Video KYC – Understanding the ‘what’ and ‘how’ [A short guide]
Archaic and lengthy KYC procedures were soon to be rendered obsolete by the rapid rate of digitis...
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Blog
Two-Factor Authentication – A Firewall Against Social Engineering Attacks
Businesses and financial institutions around the globe often report concerns of financial crimes ...
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Blog, Identity & KYC
Employees’ Digital Identity Verification for Remote Hiring
With the age of technological advancement, the world is becoming a heavily connected global villa...
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Blog
Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals
The nature of digital operations is changing, and users are now preferring to use remote services...
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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, Identity & KYC
Identity Verification – Key to Eliminate BEC Fraud
Fraud prevention and cybersecurity are the major concerns of the companies in the digital era. No...
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Blog
Identity Verification Services — Fueling the Demand for Safe Gaming Experience
Modern gaming is the most recent evolution of online games that has enchanted gamers across the g...
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Blog
Know Your Patient (KYP) | 4 KYP Compliance Trends for 2024
Nothing is more constant than change, and this is never more evident than in the Know Your Patien...
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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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Blog
Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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Blog, Identity & KYC
Know Your Customer with Video Proof
Know your Customer (KYC) verification with Shufti, which is becoming a recognised name in the...
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Blog
7 Ways to Protect Business and Remote Staff from Cybercriminals
Businesses are facing ‘new normal’ as the workplace has shifted from offices to homes amid corona...
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Blog, Identity & KYC
Age Verification – Ultimate Online Protection for Minors
The rapid increase in the use of the internet is raising some major concerns for parents regardin...
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Blog
FINTRAC Amends PCMLTFA – More AML Requirements for Reporting Entities
The rise in money laundering, terror financing and other financial crime has encouraged regulator...
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Blog
The Path to CX Leadership – An Interview with Saroni Kundu
From Code to Customer: How Saroni Kundu Found Her Passion in CX
In our latest Beyond Borders podc...
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Blog
Banking Scams: Top 5 Predictions and How to Stay Safe in 2023
The most recent fraud statistics will make you uncomfortable.
Fraud cases are rising – relentless...
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Blog, Fraud Prevention
Data Breaches in 2019 – A Year in Review
Stepping into 2020, the year 2019 has been on the rollercoaster in terms of security breaches. Da...
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Blog
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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Trade based money laundering – Challenges, detection and prevention
Back in 2006, Financial Action Task Force (FATF) emphasised on new measures and strategies for ba...
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E-Learning Platforms and Prevailing Crimes – How Shufti Can Help
The global pandemic is prompting a phenomenal increase in online service. From doing groceries to...
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Build Trust and Secure Online Dating Platforms with Identity Verification Solutions
Online dating scams, such as the one filmed in the recent Netflix Original documentary “ The Tind...
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Blog
Shufti’s Growth Skyrockets Above 100% in the Fiscal Year 2020
In 2020, Shufti witnessed a remarkable growth of over 100%. Together with this, it can comfor...
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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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Anti Money Laundering, Blog, Business Technology, Identity & KYC
Customer Due Diligence: From KYC to KYB
Why CDD is significant for both Know Your Customer and Know your Business verification?
Banking i...
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Blog
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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Blog
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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Blog, Identity & KYC, Reg Tech
RegTech: The Case for Financial Inclusion
The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...
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Blog
Evaluating the Potential of Digital ID Verification Systems in 2022
Identity fraud and synthetic identities are skyrocketing and collectively account for a loss of ...
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Blog
The Ultimate Guide to Central Know Your Customer (CKYC)
Due to the increasing rates of financial fraud, keeping detailed data on each client is more impo...
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Blog, Identity & KYC
Know Your Customer with Video Proof
Know your Customer (KYC) verification with Shufti, which is becoming a recognised name in the...
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Blog
The Vital Role of AML Compliance for P2P Lending
Archiac banking traditions saw loan applicants held in suspense, waiting for lengthy periods of t...
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Blog
Video KYC (VKYC) | Identity Verification and Fraud Prevention
In the last few years, the verification industry has experienced remarkable expansion. As our tec...
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Blog, Online Marketplace
Demand for KYC & ID Verification in Higher Education
I remember a friend of mine, Jack, from high school he was one of the most non-serious people I k...
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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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Blog
Anti-Money Laundering Challenges Faced by the Fintech Industry
Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...
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Blog
Age Verification – Ensuring the Protection of Minors on Digital Platforms
In today’s technologically advanced era, digital products and services have transformed the way s...
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Blog
Global Expansion, Digitization, and Crimes – How Shufti Can Help Financial Industry
The financial industry has seen significant technological changes over the past recent years. Man...
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Blog
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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Blog
Top 7 COVID-19 Related Scams and Frauds to Look For in 2021
It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...
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Blog
Brexit to Change Sanction and Money Laundering Regulations in 2021
In 2016, the United Kingdom decided to part ways with the European Union (EU). After its preparat...
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Blog
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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Blog
Identity verification in social media – Lighting up the dark side
Social media is a word every one of us can relate to. With every passing day, it is penetrating i...
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Blog
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, Financial Crime / AML, Identity & KYC, Online Marketplace
Know Your Business: The Next Step in Identity Verification
The complex regulatory environment and increased exposure to illegal activities indicate that bus...
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Blog
COVID Certificate Verification – Mounting Cases of Worldwide COVID-19 Fraud
Where the coronavirus pandemic has been all about social safety protocols and vaccine distributio...
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Blog
The Trade-off Between Fraud Losses and Compliance Costs in the Banking Sector
The modern era’s demand for digital-first services in sectors ranging from e-commerce, online dat...
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Blog
Digital Identity Verification for Open Finance & FinTech Platforms
Financial applications in the modern world have been sub-categorized into open and closed banking...
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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
Analyzing and Balancing the Variables of an Effective Identity Verification Solution
Today’s constantly transforming digital landscape where technology empowers businesses fast-paced...
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Blog, Identity & KYC
Digital Document Verification Giving Wing to Recruitment Sites
Document Verification: In an industry that’s all about people, it’s critical that you know that a...
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Blog
How FinTech can Leverage on FINMA Blockchain Initiative?
Swiss Financial Markets Supervisory Authority (FINMA) has taken a revolutionary step in the histo...
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Blog
Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals
The nature of digital operations is changing, and users are now preferring to use remote services...
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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
Identity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularl...
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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
AML Solutions: Eliminating the Risks of Money Laundering
Money laundering is a serious crime that can have serious and long-term consequences for your bus...
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