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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The Evolution of Video KYC: Revolutionise the Fintech Industry
FinTech encompasses financial organisations’ use of computing and communications tools to b...
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Securing Public Facilities with Touchless ID Verification Kiosks
Due to the coronavirus pandemic, social distancing became the utmost need of the hour. Given the ...
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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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E-Signature Verification | Why Businesses Should Consider Adopting It
Physical paperwork is a thing of the past now. It is a time and labour-intensive task that requir...
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Latest Regulatory Updates on KYC Verification for Crypto Exchanges
Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...
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Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti
Businesses deplete millions of dollars each year on outdated technologies, employee training, and...
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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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Blog, Reg Tech
How Identity Verification Services make Regulatory Compliance Easier?
Financial institutions and banks have ended up in a loop of dumping billions of dollars because o...
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Key Takeaways From Shufti’s ID Fraud Report 2021
The year 2021 was all about determining and reducing the growing number of biometric identity fra...
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Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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Identity Verification – Building Trust and Combating Scams in Online Dating
Since the beginning of civilization, humans have always preferred to live in communities. This co...
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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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NFC Verification – Securing Large-scale Events from Frauds
Large-scale events are a great way for imposters to execute their illicit plans. Data breaches, m...
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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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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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Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks
Spoofing attacks are not limited to just emails and fake websites. Hackers and cybercriminals hav...
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Six Ways to Protect Your Business from Christmas Scams
Christmas is around the corner and all of you must be very excited to decorate christmas trees, e...
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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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Legal Entity Identifier (LEI) — What it means and how it helps financial institutions?
The need for trusted digital communication in this age is crucial due to increasing cybercrimes. ...
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Blog
6 Upcoming Trends In Blockchain And Cryptocurrency For 2021
2020 was unlike any other year. It was chaotic, happening, and has finally come to an end.
In the...
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Enhancing Trust in eCommerce with AI-powered Identity Verification
eCommerce in today’s world involves utilizing evolving technologies to ensure convenience for cus...
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Video KYC Verification | The Hassle-Free Process of Authenticating Identities
Digital onboarding these days is getting tougher for firms working and managing their business op...
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KYC Compliance Will Become Your Competitive Edge
Businesses, particularly the financial services sector, have been observing Know Your Customer KY...
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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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A Basic Guide to Smurfing and the Role of AML in Combating It
Scammers employ various strategies to conceal illegally acquired funds, and one increasingly prev...
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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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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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Common Types of BNPL Fraud and the Role of KYC/AML Regulations
The Buy Now Pay Later (BNPL) services are growing rapidly. 42% of credit customers are interested...
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Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]
Since the last decade, governments and financial institutions have been trying to limit corruptio...
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Overcoming the Challenges of Proliferation Financing with AML Screening Solutions
On September 23rd, the 2021 UK NRA (National Risk Assessment) was published as part of the govern...
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KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help
As technology continues to transform the financial industry, the need for identity verification h...
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Blog
The Crucial Role of Ongoing Monitoring in Risk Mitigation
The nature of a business-to-clientele relationship subjects organisations to significant risks. F...
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Blog
Latest Regulatory Updates on KYC Verification for Crypto Exchanges
Even by the standards of cryptocurrency, the volatility exhibited in 2021 has been astounding. In...
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Blog
Top 5 Ways Minors Use to Dodge Age Verification Checks
Protecting minors from the perils of the digital world is nearly impossible for businesses withou...
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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
Top 10 Questions about AML Compliance Answered by the CTO of Shufti
The regulatory landscape is changing with time and a number of questions are arising. AML complia...
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Enhance Time Efficiency with Shufti’s KYC Solution
The Past
Quick and secure e-KYC verification might not have been of importance in the days prior ...
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Blog
Enhancing security in the cryptocurrency world with KYC verification
Almost 20 years after the legislation on combating money laundering, regulators around the world ...
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Blog, Financial Crime / AML
Secure Crypto Wallets with e-KYC & AML Screening
Payment and funds’ transfer has taken a more digital turn in recent years, with the onset of Cryp...
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Blog
Risk Assessment: Building Trust in Crypto Exchanges
Other than following AML and KYC laws, crypto exchanges have a huge responsibility on their shoul...
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Regulatory Compliance | The Importance of Age Verification on Betting Sites
Online betting sites and gambling platforms frequently face significant challenges in adhering to...
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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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Blog
5 Reasons to Invest in Intelligent Character Recognition Services
Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...
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Address Verification: Types, Benefits, and Best Practices
Improving customer service and combating fraud frequently requires swiftly gathering and confirmi...
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Assessing the Importance of Digital Identity Verification in On-Demand Services
Dealing with the after-effects of the coronavirus pandemic, digital business platforms and e-comm...
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Blog
Online Marketplaces and Increasing Crimes – How Shufti KYC Solution Can Help
With technological advancements and emerging innovations, online marketplaces have been digitized...
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Blog, Identity & KYC
Online Age Verification Keeps A Tight Rein On Minors
According to The Newyork Times, online age verification is a daunting task, even for experts. How...
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Blog
Identity Fraud on Social Media Platforms – How Shufti Keeps Fraudsters at Bay
With almost 70% of the world’s population interacting through social media platforms, businesses ...
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Blog, Online Marketplace
12 Ways Identity Verification Services Helping Online Businesses
The online marketplace has a culminating presence in the business world. Worldwide e-commerce sal...
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Blog
Electronic Identity Verification | Technology and Regulations
Demand for efficient AML and KYC solutions increases as criminals develop more complex methods of...
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Blog
AML Screening – Revealing the True Identities of Ultimate Beneficial Owners in Businesses
Hiding the Ultimate Beneficial Owners (UBOs) behind a business is never a good sign. However, som...
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Blog
How OCR Helps in Fighting Financial Crimes?
OCR, also known as Optical Character Recognition, isn’t a new technology. However, it’s use in fi...
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6 in 10 Leaders Aren’t Ready for Deepfake Fraud Threats
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Future Prediction of Identity Verification for Businesses
Ensuring a user’s real identification has become crucial in the age of digitisation. Busine...
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Blog
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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Blog
Europol launches European Financial and Economic Crime Center (EFECC)
Financial and economic crimes are today the leading threats that are affecting millions of EU cit...
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Blog
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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Blog
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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Blog
Digital ID Verification – Why is it Critical for Customer Experience?
Last year was all about lockdown and pandemic disrupting business operations to the very core. Th...
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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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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, Financial Crime / AML, Identity & KYC
All You Need To Know About KYC Compliance
Financial crimes are increasing at an immense pace. As per the United Nations Office of Drugs and...
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Blog
Reshaping Travel and Tourism with Instant Facial Recognition
Few technologies have sparked much debate as much as facial recognition. Today, it is considered ...
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Blog
KYC, KYB & KYT Tying the Loops for Identity Verification
Digital fraudulent activities are rising with every passing day, businesses are adopting reactive...
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Blog
An Insight into Money Laundering Through the UAE’s Gold Industry
Since the beginning of time, gold has been considered a medium for payment and trading with its e...
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Blog
The Mesh of Human Behavior and Technology: CX Expert Saroni Kundu on Building Customer-Centric Businesses
No matter the industry, customer experience (CX) is key to building trust and loyalty. If you’re ...
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Blog
AI face recognition for total automation
Face recognition is everywhere but still we’re unable to say goodbye to document, maybe because w...
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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
The Expected No-Deal Brexit and AML/CFT Laws in the UK
The current prime minister of the UK Mr. Boris Johnson made a statement that the UK should be rea...
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Blog
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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