Blog
AML Compliance in the UK’s Financial Sector – What Shufti Offers
The UK is known in the global financial paradigm for being both a financial hub and the dirty mon...
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Blog
What is an OCR Screening and How Does it Work?
In our digital environment, where automated technology has already taken over corporate processes...
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Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Blog
5 Types of ID Fraud Skyrocketed in the First Half of 2021 – Shufti
Last year, Shufti’s AI-powered identity verification system captured a 3.36% increase in iden...
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Blog
FinCEN Files – Banks abandoning front-line defenses against money laundering
Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...
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Blog
Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It
The majority of businesses depend upon a third-party in one way or the other. Contractors, suppli...
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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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Blog, Online Marketplace
How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace?
The affliction of cybercrimes and online frauds has reached such high proportions that the cost o...
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Blog, Financial Crime / AML, Online Marketplace
Billion Dollar AML Compliance Plan for the Financial Sector
The financial services sector has long been blamed for the spread of financial crimes like money ...
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Blog
Synthetic Identity – A New Form of Identity Fraud for 2019?
Synthetic identity fraud (SIF) is a comparatively new form of identity theft that has gripped the...
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Blog
3 ways to protect your organizations from coronavirus cyber security threat
Due to the spread of the coronavirus, the world adapts to new ways of working. Cyber criminals ...
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Blog
AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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Blog
Crypto as a Virtual Safe Haven for Russians Amid Sanctions
The Russia-Ukraine conflict has had some serious effects on the global financial landscape. While...
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Blog, Business Technology
Identity Verification Fuels Growth of Ride Sharing Industry
The ride-sharing industry is growing at a huge pace. As per Orbi’s research, the ride-shari...
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Blog
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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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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Blog
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
Understanding Risk assessment in the Gambling Sector
The e-gambling industry has always been lucrative for gamers. However, it has also been constantl...
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Blog
Identity Fraud and Risk Assessment: An Ultimate Guide for 2023
Customer onboarding and business relationships always come with associated risks that must be han...
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Blog, Online Marketplace
How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace?
The affliction of cybercrimes and online frauds has reached such high proportions that the cost o...
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Blog
The Importance of KYC and AML Compliance in the APAC Region
According to recent studies, over the past three years, more than ever, sanctions have been impos...
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Blog
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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Blog, Identity & KYC
Identity Proofing – Prevention from Data Breaches
World economic forum states that Cyberattack is mapped as one of the top threats to global stabil...
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Blog
Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector
Banks are thought to be the most important part of the financial system, playing a vital role in ...
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Blog
NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes
With revolutionary technologies and growing digitization, the digital version of artworks known a...
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Blog, Fraud Prevention
Credit Card Frauds- How Can You Prevent It?
Ever since credit cards were introduced, credit card fraud has been elevating. One needs to stay ...
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Blog
The Growing Risk of Wash Trading and Money Laundering – How Shufti Can Help
The Non-Fungible Token (NFTs) market exploded last year and became one of the most popular buzzwo...
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Blog
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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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, Online Marketplace
Why age verification matters to online businesses?
Identity verification services are fast becoming a business norm for companies that are enthusias...
Blog
The Emerging Threat of DeepFakes and the Role of Video KYC
With technological advancement, cybercriminals are revising their strategies to commit fraud. Cri...
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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
KYC Verification Process – 3 Steps to Know Your Customer Compliance
Did you know there are three key components to KYC?
The entire identity verification procedure en...
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Blog
The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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Blog
4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog
May 2023 Recap: The Latest Global Regulatory Updates
Technological advancements have paved the way for scammers to perpetrate various financial crimes...
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Blog
Top 10 Technology Trends in the Travel Industry to watch for in 2022
The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...
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Blog, Identity & KYC
KYC/AML Compliance in light of FinTRAC
Witnessing the updated AML/CTF regime; the guidelines by FinTRAC regarding ID verification have b...
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Blog
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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Blog
Securing Online Marketplace Through Identity Verification System
Since the Covid-19 outburst, technological advancements and emerging innovations have digitized t...
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Blog
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
Digital KYC to Trace and Tackle High-Risk Customers
Customers are the assets and building blocks of any business. Customers are responsible for takin...
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Blog
How Shufti Identity Verification User Experience Impacts Business Outcomes
User experience (UX) isn’t only about design or even metric-driven decision making. It’s a busine...
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Blog
OCR Vs. ICR: The Key Differences that Businesses Need to Know
Financial institutions need to have reliable and efficient data management. With such a system, t...
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Blog
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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Blog
Healthcare is Under Attack: Strengthening Security with Biometric Verification
Healthcare scams cost our economy tens of billions of dollars every year and the lowest value of ...
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Blog
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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Blog
Cross-Border KYC Compliance | Understanding and Overcoming the Challenges
To handle money laundering incidents and rising regulatory pressure, the banking industry benefit...
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Blog
Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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Blog
Top 10 Technology Trends in the Travel Industry to watch for in 2022
The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...
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Blog
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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Blog, Fraud Prevention
Identity Theft Frauds – How can you stay a step ahead?
Identity theft is ‘a hot potato’ these days. Every day we come across news of online fraud that h...
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Blog
Sim Swap Fraud: A new battle in the war of your Identity
In our connected world, we are using mobile devices for communication, work, banking, and enter...
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Blog
Breaking the KYC Remediation Cycle through a Risk-based Approach
Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...
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Blog
May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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Anti Money Laundering, Blog, Financial Crime / AML
Mastercard’s EFM Compliance – Another Reason to Invest in Verification
The modern world is an era of technology. Moving into the fourth industrial revolution, digitizat...
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Blog
Crypto Regulations in the US and UK | A Comprehensive Overview
Financial regulators struggle to understand how to categorise and regulate cryptocurrency that do...
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Blog
Money Laundering Spikes High in the Gulf Region – What’s Next?
Given the rapid increase in FinCrime, the Gulf region is now working day in and day out to impose...
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Blog
5 Frauds in the Education Sector and How They Can be Prevented
Educational institutions have become an attractive target for cybercrime attacks in recent years....
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Blog
Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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Blog
How Age Verification Protects the E-commerce Industry From Potential Risks
Online shopping has become the new normal since the COVID-19 pandemic struck. With digital produc...
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Blog, Online Marketplace
Secure Online Gambling through Identity and Age Verification
Gambling is a very profitable business for big players and owners alike. According to research, t...
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Blog
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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Blog
Global Trade and Prevalent Crimes – How Shufti’s AML Solution Can Help
International trade is exchanging services, capital, and goods across borders or territories, gen...
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Blog
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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Blog
Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps
International trading instruments have significant features that are making them potentially attr...
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Blog
Biometric Identification revolutionizing the world in 2020
Every day we come face to face with new technology innovations that leave us awestruck. From the ...
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Blog
KYC Trends To Watch Out For In 2024
Within the last year, there has been significant transformation in the global identity verificati...
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Blog
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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Blog
Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes
Emerging technologies and digitization are transforming the investment sector, creating opportuni...
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Blog
Money Laundering & Cybercrime on DeFi Platforms – Ensuring KYC/AML Compliance
As a result of rapid digitization and the emergence of decentralized services, the financial mark...
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Blog
Real Estate Crimes – What Meets the Eye is not only AML Compliance
Cleaning black money has always been the incentive behind every financial crime. Owing to this fa...
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