Blog
How to Create a Wow! Fraud Prevention System with Shufti
The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...
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Blog, Identity & KYC
Identity Verification Market ‘Hitting High Record’
The advent of technology has pushed businesses to digitize their operations for better customer e...
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Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud
With emerging technologies, the demand for online services and products is skyrocketing, raising ...
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NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem
Non-Fungible Tokens (NFTs) are by far one of the most popular topics right now. Artist Mike Winke...
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20 Facts and Statistics About the Global Finance Sector
The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...
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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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Enhancing Workplace Safety: The Role of Employment Screening
Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...
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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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Blog
Know Your Players: Why KYC is Necessary for Gaming and Gambling
The post-COVID-19 era has witnessed a remarkable surge in the e-sports and gaming sectors. This t...
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Blog, Identity & KYC
Digital ID Verification
The Current Situation
Digital ID Verification is the key to securing your business in thes...
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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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Swipe Right on Facial Verification for Secure Online Dating
In today’s COVID-ridden world, in-person dating is deemed very risky due to the spread of the vir...
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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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Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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A Brief Overview of the RegTech Industry [2022 Update]
The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...
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Cryptocurrency Exchanges and negative KYC Compliance
KYC & AML Compliances are not being upheld by almost 68% of the cryptocurrency exchanges arou...
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COVID-19 and Travel & Tourism Industry – What Opportunities Await Post-Pandemic?
The world is completely exhausted with the COVID-19 pandemic. The corporate sector has lost enoug...
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Rise of Money Laundering in UAE – How Financial Institutions Can Comply with New Regulations
The UAE certainly earned its spot in the top 10 global financial centers with unprecedented growt...
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Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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Digital Document verification – an efficacious method of ID card scanning
Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...
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The State of Money Laundering in The United States – How Shufti Can Help
The United States of America is among the first countries that took effective measures to fight f...
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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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A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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Age Verification Service – How Businesses can Identify Underage Visitors in Real Time?
When it comes online retail, one has to know that in such an age of fast-moving technology and in...
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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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Know Your Patient – Eliminating Fraud and Crime in the Healthcare Sector
The digital transformation has reached the healthcare sector with new remote onboarding options f...
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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
Identity Verification Forecast: How Will KYC Evolve in 2023?
As the world becomes more digital, scammers are honing their craft and employing trickier techniq...
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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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Surging Crimes in NFT Marketplaces – Setting New Security Standards Using Shufti’s AML Solution
The emergence of Non-Fungible Tokens (NFTs) has created new investment opportunities for business...
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How Shufti’s KYC Solution Can Ensure Compliance and Help in Battling Identity Fraud
With booming technology and rapid digitization, a large number of businesses are adopting the dig...
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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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Top 6 Practises For Your Business To Pinpoint Key Risk Areas
As global industries continue to evolve and digitise, customer risk assessment has become a criti...
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Blog
Why Do Freelancing Platforms Need KYC?
Technological advancements came with several betterments for humans. Where every industry is bene...
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Blog, Online Marketplace
The Importance of Know Your Customer for Crowd Funding and ID Verification Service
In today’s world where most business and financial transactions are taking place online, the impo...
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Blog
Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks
With emerging technologies, financial services are witnessing a digital revolution that is changi...
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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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Blog
How Deepfakes Deceptions are Affecting Businesses
The word deep fake comes from the terms “deep learning” and “fake,” and is a type of artificial i...
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Blog
Understanding the Difference Between Money Laundering and Embezzlement
Money laundering and embezzlement are two financial offences involving the movement of significan...
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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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Age Verification: Comply with Global Regulations or Face Reputational Damages
In the digital age, businesses that operate online face a significant challenge when verifying th...
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Blog
10 Frequently Asked Questions about Real-time Document Verification
As we’re propelled deeper into digital transformation, techniques employed by scammers are ...
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Blog
Top 5 Digital Banking Trends to Look Out for in 2022
2021 was fundamentally geared towards surviving the pandemic and its aftermaths. The pandemic-acc...
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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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Blog
Top 7 Gambling Trends to Look Out for in 2023
Going from a few billion dollars to over $81 bn in a matter of a decade is astronomical for any i...
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Blog, Identity & KYC
Merchant Identity Proofing: Building Strong B2B Relations
Identity Proofing: The success of e-commerce has been very remarkable. It is expected that global...
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Blog
Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes
The increased reliance on digital banking and the advent of virtual currencies in today’s d...
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Blog
OCR Reader | How Does it Streamline the IDV Process?
The unprecedented growth in business automation has created a competitive market where businesses...
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Blog
Video KYC in 2024 | A Step Towards Digital Evolution
The striking surge in theft and fraud through digitisation is a growing concern for many business...
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Blog
The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance
Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Winter is Coming: With a Storm of KYC and AML Regulations
The ever-evolving regulations are creating challenges and complexities for the financial institut...
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Blog
KYC | How to perform KYC verification in three simple steps
Know Your Customer (KYC) is an identity verification process that plays a critical role in the pr...
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Blog
Fighting Prevailing Crimes in Gaming Industry with Shufti’s Anti-Money Laundering Screening Solution
Modern gaming is the most recent evolution of this industry that has become the attraction of glo...
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Blog
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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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Blog
AML Compliance and Digital Banks – Understanding the Evolving Regulatory Landscape
The emergence of new technologies in FinTech, increasing use of digital currencies, and alternati...
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Blog, Identity & KYC
How ID Verification via OCR can transform Digital World?
ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...
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Know Your Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
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Blog
DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users
Security breaches are increasing in number with every passing day. This keeps on happening. It wo...
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Blog
AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Blog
Know Your Players: Why KYC is Necessary for Gaming and Gambling
The post-COVID-19 era has witnessed a remarkable surge in the e-sports and gaming sectors. This t...
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Blog
Supplementing blockchain with KYC offers endless possibilities
While you may be tempted to think that decentralized and anonymous blockchains are safe because t...
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Blog
20 Facts and Statistics About the Global Finance Sector
The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...
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Blog
Mobile Payments – Way of the Future or a Fad of the Digital Age?
Are we moving towards a world where retailers may one day say “We don’t take cash”? As mobile pay...
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Top 10 Real-World Scenarios Where Shufti’s IDV Can Help
Whether you’re an e-commerce store that needs to verify delivery addresses or a bank that has to ...
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Blog
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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Blog
Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Blog
Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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Blog
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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Blog
How Deepfakes Deceptions are Affecting Businesses
The word deep fake comes from the terms “deep learning” and “fake,” and is a type of artificial i...
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Blog
On-Premises vs Cloud Services – Two Sides of the Same Coin
With the advent of technology, industries are streamlining all their processes and ensuring highe...
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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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