Blog
KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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How Businesses Can Avoid Identity Verification Fraud in 2019?
With a bulk of customers using online services, businesses wish to digitise their operations and ...
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An Insight into AML Compliance in the Financial Sector [2022 Update]
The increasing global attention towards anti-money laundering (AML) and countering the financing ...
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The Role of KYC Protocols in Safeguarding the Future of Cryptocurrency
Despite volatility in the crypto sector, millions of individuals access their services worldwide....
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EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age
With technological advancement, hackers are also becoming smarter to bypass verification processe...
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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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AML Screening – Securing Alternative Payment Market and Overcoming Prevailing Risk of Crimes
Escalating demand for innovative, new, and robust alternative payment options across the world is...
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Leveraging Age Assurance for Data Privacy and User Protection
Online age verification has gained great attention in recent years since many minors have been se...
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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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AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance
With technology evolving every day, online gambling is one of the sectors that has revolutionized...
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How Does Digital Identity Verification Work For Income Verification
With the help of income verification documents, organisations can restrict the onboarding of high...
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Biometric Authentication | Understanding the Significance of Facial Recognition
Data security and identity verification have come a long way since the inception of knowledge-bas...
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Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector
The digitisation of our world and economies have introduced greater ease and efficiency to our pr...
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The Power of Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations
Over the recent years, the employment industry has undergone significant changes, from mass offbo...
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Blog, Reg Tech
How does CDD effectively help with AML Compliance?
CDD or customer due diligence in the banking sector and other financial firms is an important asp...
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AML & KYC Compliance – 5 Ways AI is Supporting the Fight Against Financial Crimes
Reforming AML & KYC Compliance Structures for Financial Institutions
The capabilities ...
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California Privacy Rights Act – What Businesses Must Do to Comply
The California Privacy Rights Act (CPRA), also known as Proposition 24, was approved on November ...
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Blog, Fraud Prevention
Face Verification Technology Grooving in the Education Sector
We are now in a golden age of face recognition. The main reason for rapid adoption is recognition...
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Blog, Business Technology, Fraud Prevention
How Identity Theft Protection Can Increase Your Profit!
Identity theft protection is something that is not only a concern for ordinary users anymore. Bus...
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Video KYC: A Complete Overview
The digitisation of KYC was inevitable, but the COVID-19 pandemic accelerated what would have oth...
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Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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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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What to expect from Booming Identity Verification Market in 2020?
Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...
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AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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Transaction Monitoring – Establishing A Defense Mechanism Against Financial Crime
With the rapid increase in the global volume of monetary transactions, money laundering methods a...
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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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KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets
As more and more countries had to enforce lockdowns because of the pandemic, remote working and d...
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Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK
As the holiday season approaches, we often reflect on how we can give back to our communities. Th...
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Secure Ride-Hailing Services – Building Trust Through NFC Verification
Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...
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Why online alcohol industry needs robust age verification solutions?
“Can I see some ID?” The question brick and mortar booze stores ask or at least should ask to ver...
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ID verification prevents 8 Security Issues of businesses
The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...
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Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time
The Optical Character Recognition (OCR) market was valued at US$15 billion in 2019 and is expecte...
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A Detailed Insight into the Best Practices for Digital Currency Providers
The world has seen an overwhelming rate of development in the cryptocurrency sector with Centrali...
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Safeguarding Ride-Hailing Services with Identity Verification Solutions
With the global digitization, mobility services are known to the world before the pandemic has ir...
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Top 5 Use Cases of Face Verification in the Digital Age
As novel applications and products are released every day, the use cases of face verification tec...
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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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A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses
Most of our processes, including financial and business dealings, have now shifted to online plat...
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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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How E-Commerce sites can prevent scams over Black Friday and Cyber Monday
For online businesses, customer authentication for internet payments is very crucial. An ever-inc...
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Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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KYC Verification – Fraud Prevention in FinTech & the Payments Industry
The growth of the online payment industry and FinTech companies comes with a simultaneous increas...
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A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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Implementation of AML compliance – Challenges and fundamentals
With the advancement in security controls, financial businesses are becoming fraud and stress-fre...
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Enhanced Digital Security with Facial Recognition and Liveness detection
The increasing number of cyber-attacks and online fraud calls out for strong security measures. U...
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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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10 factors shaping the identity verification industry in 2020
The identity verification industry is expected to grow steadily during the forecast period, reach...
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AML Compliance – Addressing the Threat of Money Laundering in NFT Marketplaces
The NFT marketplace is flourishing even though the top platforms do not always comply with Anti-M...
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Blog
Reshaping the Travel Industry with NFC Verification – How Shufti Can Help
With emerging technologies and the increasing use of digital services, the travel industry has be...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Facial Recognition: Worries About the Use of Synthetic Media
In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...
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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing
In this modern globalized era, money launderers, terrorist financiers and other criminal elements...
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Anti Money Laundering, Blog, Reg Tech
RegTech facilitates effortless AML Compliance
The latest report by Research and Markets states that RegTech industry is expected to grow...
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Blog
Risk Assessment – Building Trust in Financial Institutions
For financial institutions to hold onto their customers, they must build and conserve advanced le...
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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, Online Marketplace
KYC Services and AML Compliance Services for Forex Industry
Forex Industry stands to benefit a lot by incorporating KYC services in addition to AML Complianc...
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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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Blog
COVID-19: An opportunity for financial sector to expand digital transformation
A sudden epidemic swept across the world, and it had an impact on our lives, work, and even the p...
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Effective Sanctions Screening | A Guide for Compliance Professionals
Sanctions are crucial in combating financial crimes and maintaining national and international se...
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Blog
Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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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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Blog
Warning Signs of ICO Scams and the Role of Identity Verification Service
If you have heard of Bitcoins and cryptocurrencies then you must have heard of ICOs or Initial Co...
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Digital COVID Certificate Verification: Prevalent Problems and Viable Solutions
Following the rollout of viable vaccines to combat COVID-19, the prospects of normalcy are on the...
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Blog
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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Blog
KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets
As more and more countries had to enforce lockdowns because of the pandemic, remote working and d...
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Blog
Cross Border Digital Payments – Regulatory Regime and the Global Context
The world is moving towards smarter payments with technology trends picking up the pace in 2021. ...
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Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
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Blog
Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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Blog
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
KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future
The rise of decentralized services in the form of digital asset trading platforms and DeFi consta...
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Blog
Reshaping the Travel Industry with NFC Verification – How Shufti Can Help
With emerging technologies and the increasing use of digital services, the travel industry has be...
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Blog
Top 7 Trends Shaping the Future of Gambling Industry in 2023
Amidst technological advancement and the changing regulatory landscape, the gaming sector demonst...
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Blog
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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