Blog
Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification?
The way things are headed, there is no doubt about the fact that the world will be a different pl...
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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
Contact-free ID authentication – combating fraud during COVID-19 outbreak
Coronavirus outbreak, which was initially thought of as some sort of common flu in the Chinese ci...
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Blog
Transaction Screening: The Benefits and Challenges
Financial crimes are rising, wreaking havoc on organisations and individuals. The fraud rate has ...
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Blog, Online Marketplace
Age Verification – Must Have For Age Restricted Retailers
Mobile e-commerce makes up for nearly 29% of the entire e-commerce sales in the US. A majority of...
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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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KYC & AML – A Top Priority for Soaring Buy Now, Pay Later Services
In today’s credit-thirsty world, Buy Now, Pay Later has emerged as a clear winner, forever changi...
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AML and KYC Regulations in China – New Requirements to Secure Financial Industry
China’s financial system is undergoing a pivotal transformation. The country is limiting sharehol...
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Optical Character Recognition (OCR) – Powering Shufti’s Document Verification
Trust is a key factor when it comes to doing business or getting financial services from banks. A...
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All You Need to Know About Facial Recognition
Rapid digitisation over the past few years has led to the adoption of facial recognition for many...
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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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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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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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Blog
5 reasons why passwords are no more safe – What’s next?
Online platforms are using passwords to secure the privacy and data of their users – but ar...
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Blog
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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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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Blog
KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers
Cybercrimes are becoming increasingly complex and diverse in the era of digitization, with frauds...
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Blog, Business Technology
The demand for OCR Technology increasing for ID Verification
ID verification is core to overall identity verification services that help business around the g...
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Blog
Securing Transactions and Operations with Biometric Consent Verification in Digital Banking
In the modern digital world, secure business operations are crucial. The focus on maintaining se...
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5 Benefits of Optical Character Recognition in the Classroom
Optical Character Recognition (OCR) goes beyond just processing documents and boosting businesses...
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Blog
Identity Proofing – 7 Reasons Why Businesses Need it Now!
Modern-day cyberspace has effortlessly diminished the boundary between the real-life and digital ...
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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
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
Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022
Estonia’s financial institutions are developed and ensure transparency as its laws are well-defin...
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Blog
OCR Solution: A Must-have for Every Business to Automate Workflows
Moving documents and files from one format to another is necessary during transactions and busine...
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Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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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, 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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Blog
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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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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Anti Money Laundering, Artificial Intelligence, Blog
AI a Blessing – AML compliance cost reduced by $217 billion
The U.S. financial firms spend approximately $25.3 Billion in terms of compliance, risk managemen...
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Blog
Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023
Twenty years back, “identity theft” was imagined as pictures of shady figures rifling through gar...
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Blog
A Brief Insight into AML Regulations for the Art Market
While the banking sector faces increased scrutiny to prevent illicit financial flows, a significa...
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Blog
Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status
Proof of income is a vital requirement in many financial and professional contexts. Recently, the...
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Blog
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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Blog
Halloween and the Spooky Scams – How identity verification helps?
Halloween is just around the corner and so do the scammers ready to exploit the opportunity. Whic...
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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
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
A Basic Guide to Intelligent Character Recognition (ICR)
With technological advancement, businesses are finding new ways to leverage digital sol...
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Blog
Know Your Driver – Urgency of Identity Verification for Mobility service Providers
Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...
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Metaverse and Meta Criminals – Is it Possible to Secure Identities with IDV?
Ever since Mark Zuckerberg changed Facebook’s name to Meta, the acronym “metaverse” has taken ove...
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A Brief Overview of the Cryptocurrency Landscape in the US and Canada [2022]
The adoption of cryptocurrency throughout the world has ignited the launch of new markets and reg...
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What You Need to Know About Switzerland’s Crypto AML Rules by FINMA
Switzerland is historically famous for being a global hub for gold. However, the new digital gold...
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Blog
Unfolding Telecom Frauds through Effective KYC Compliance
The growing adoption of smartphones has naturally spurred sharing of personal data. From providin...
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Blog
CCPA Compliance Checklist – Is your business ready?
With the world moving towards digitization, organizations have a customer base from all around th...
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Blog
Anti-Money Laundering (AML) Solution- Eradicating Money laundering and Securing Ride-Hailing Services
Due to the coronavirus global pandemic, the ride-hailing sector continue to grapple. As per new e...
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Blog
CDD in Real Estate Sector – How to Comply With Updated Regulations
When it comes to investing funds, real estate is considered the safest sector to invest in becaus...
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Blog
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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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
Understanding and Implementing Age Verification Requirements in Accordance with the FDA Deeming Rule
Youth is considered the most valuable asset for any country, and it is the government’s responsib...
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How Two-Factor Authentication Enhances the Security of Digital Business Platforms
Considering the recent trends in fraudulent activities, it is evident that social engineering and...
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Healthcare Industry and Prevailing Crimes – What Shufti Can Offer
Over the recent years, the medicare industry has completely transformed, and emerging innovations...
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Blog
The Advantages of Know Your Business (KYB)
Know Your Business (KYB) policies are a recent innovation in the field of fraud prevention. Since...
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Blog
Effective AML Compliance – Top 5 Tips for Businesses in Australia
Given the significant increase in money laundering and terror financing activities, many countrie...
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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, Online Marketplace
How AI is Transforming Fraud Prevention in the Healthcare Industry
KYC For HealthCare: Fraud is so common that there is hardly any industry that hasn’t had to bear ...
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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
Perpetual KYC: The Future of Due Diligence in the Financial Industry
Digital transformation is paving the way for quick growth in the compliance sphere. However, regu...
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Blog, Reg Tech
Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound
Cryptocurrency was the talk of the day in the months and even years leading up to the present wee...
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Blog
FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives
The fourth plenary meeting of the Financial Action Task Force (FATF) took place from June 20-25 t...
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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
Keeping AI Bias Out of the IDV Game with Shufti
Consider this: 85% of financial institutions today use some form of AI in their products. The tec...
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Blog
How Can Businesses Detect Arbitrage Sports Betting?
Various gamblers have investigated and exploited potential weaknesses in betting markets for mill...
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Blog
An inside look at the need for AML in the e-gaming industry
Data analytics and trends show the penetration of the population into console-based online video ...
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Blog
5 Tech Upgrades That Can Revamp Your Customer Onboarding Process
When businesses brainstorm ways to scale, they generally think about focusing more on sales. Howe...
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Blog
Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help
The real estate industry has long provided a safe way for fraudsters to secretly launder or inves...
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Blog, Business Technology, Online Marketplace
Asian Banks push for greater Fintech to cut down AML Compliance cost
Asian Banks are now asking their regional and national regulators to allow more fintech in order ...
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Blog
DSAR Under GDPR and CCPA – Understanding the Key Differences
Data protection is one of the key concerns of organisations these days. For the same reason, data...
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Blog
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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Blog
Facial Recognition in UAE to Protect Private and Government Sector
Continuous developments in the world of technology have led to many innovative solutions like fac...
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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
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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