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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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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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Japanese FSA to Beef Up AML Systems from Fiscal 2021
Growth in South Asia has far exceeded that in any other country over the past few years and digit...
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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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Pension Fund Fraud and the Role of Employee Identity Verification
Old age is the scariest phase of life for everyone and organisations find it a big challenge to c...
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Art Market in the Frame of Money Laundering
The highly volatile finance and crypto sector is not appealing for many investors, so they turn t...
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Blog
Top 10 Identity Verification Trends to Look Out for in 2022
Did you know identity fraud is growing at a faster than ever rate? Businesses across the globe ar...
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Blog, Identity & KYC
GDPR versus Identity Verification – Are you Ready?
If you are an organisation that is based in the EU or are doing business with companies in the EU...
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Fighting ID Fraud in the Healthcare Industry With Online ID Verification
While the coronavirus outbreak has emerged with a lot of challenges for the healthcare industry, ...
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The Case Against Cryptocurrencies: Where is it Banned & What’s Causing the Crackdown?
Cryptocurrencies have long been viewed as the core of illicit activities by numerous governments ...
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Intelligent Character Recognition: How it Drives the Industry with a Breeze
Data is the nucleus of any business and how efficiently it is processed is the key to digital tra...
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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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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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High-Risk Customers in Banking and How EDD Can Help Identify Them
In this age of digitisation, banks and other financial institutions face a high risk of money lau...
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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, 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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Video KYC: Taking Traditional KYC to the Next Level
Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...
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How FinTech can Leverage on FINMA Blockchain Initiative?
Swiss Financial Markets Supervisory Authority (FINMA) has taken a revolutionary step in the histo...
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Digital customer onboarding – Revamping onboarding process in banks
The first impression is what counts most when it comes to customer-oriented services. Banks and f...
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Blog, Identity & KYC
KYC and AML Compliance can help cryptocurrencies to earn legitimacy
Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...
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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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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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AML/CFT Regulations of Hong Kong: Paper Over Cracks?
On September 15, 2021, Hong Kong’s Securities and Futures Commission issued consultation conclusi...
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Blog, Identity & KYC
4 Reasons Why Brokerage Firms Need ID Verification?
According to Steve Grobman, Chief Technology Officer for McAfee, “The digital world has transform...
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Blog, Identity & KYC
Why You Need to Verify Identity Online
5 Unusual Ways Stolen Identities Can be Used Online
The need to verify identity in the digital sp...
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Know Your Donor (KYD) – Eradicating Financial Crimes in NPOs and Charity Organizations
In 2020, US citizens alone donated more than $471 billion to charities. This generosity ultimatel...
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Blog, Identity & KYC
Know Your Patient: Anti-Fraud Pill for Healthcare Industry
Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...
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Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Working from Home Spikes Demand for Digital Identity Verification
Due to the Coronavirus Pandemic, many businesses are grounded or are enforced to work from home. ...
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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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Implementing Robust Anti-Money Laundering Checks for the Insurance Sector
Insurance companies play a decisive role in the considerable growth of an economy. It turns accum...
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Evaluating the Potential of Digital ID Verification Systems in 2022
Identity fraud and synthetic identities are skyrocketing and collectively account for a loss of ...
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AI-based IDV Can Effectively Curb Unemployment Insurance Fraud
Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...
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How Optical Character Recognition is Changing the Financial Industry
Banking and other financial services are the world’s most closely watched and strictly gove...
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e-IDV: Improving Client Onboarding for Banks and FinTech
Individuals and business owners often face significant time constraints when visiting banks physi...
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Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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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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How can AML play a role to impede the financing of terrorism?
Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...
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Top Five FinTech Industry Trends to Look For in 2021
Continuous advancements in technology have shifted the world toward digital means of communicatio...
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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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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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Blockchain Technology and KYC for Crypto Exchanges – How Shufti Can Help
KYC compliance is the backbone of the Anti-Money Laundering (AML) measures implemented by any fin...
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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, Identity & KYC
Cybercrimes Rise 5 times in 4 years and Continue to Soar!
A rapid stride in the tech world over the years has increased cybercrimes immensely. According t...
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The Importance of KYC Remediation to Prevent Financial Crimes
If we talk about financial institutions including banks and their processes, one can freely argue...
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Blog
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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Blog, Reg Tech
EU’s 4th AML Directive Aims to make the Payment Ecosystem Crime Free
On June 26, 2018, the European Union landed the fourth AML directive that is targeted at combatin...
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Is NFC Really the Future? The Mystery Solved!
We arguably live in a world that is now dependent on technology. From online payments to online e...
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Securing Investment Industry with Shufti’s Investor Verification Solution
In this tech-driven world, perpetrators and organized crime groups are adopting sophisticated met...
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Online Video KYC: Eliminate the Risks of Identity Theft
The growing danger of cybercrime and data breaches has heightened the demand for effective verifi...
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Navigating the Changing Digital Finance Landscape 2023
The financial services sector has witnessed a rapid surge in the adoption of digital technologies...
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6 industry experts explain the role of KYC in cybersecurity
Cybersecurity is no more limited to firewalls and antiviruses. It is protecting your system, empl...
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NFC Verification for Seamless Customer Onboarding
As more than 80% of today’s smartphones have NFC technology, different industries are working tow...
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Document Authentication | Streamlining Onboarding, Compliance & Fraud Prevention
Before the world experienced digitisation due to the advent of smartphones, fast-speed internet, ...
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Identity Verification – Combating Fraud in the Telecommunication Sector
Developing technology, rapid growth in digitization, and increased use of digital transactions ha...
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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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The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud
Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution....
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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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FBO Accounts and Fintech – Securing Financial Operation with ID Verification
With global digitization, online financial services are becoming mainstream. Due to this, maintai...
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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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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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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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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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FATF October 2019 Plenary – Here is What You Need to Know
Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 O...
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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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A Brief Insight into Crypto Regulations in the Asia-Pacific Region
The Asia-Pacific region is one of the areas with the highest rate of crypto adoption. Considering...
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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
AML Compliance – Global Watchlists that Businesses Need to Consider
Coordinated sanctions after the Russian invasion of Ukraine have made the headlines due to their ...
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Blog, Business Technology
Why is Libra Cryptocurrency The Most Trending Thing Right Now?
The universe of crypto revolves around an aversion to a central financial authority. The financia...
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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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ID Verification for Ultimate Subscription Fraud Prevention
Cellular phones were first introduced in the consumer market in 1973 when Motorolla first introdu...
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