Blog
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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eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience
Governments have mandated various businesses, including financial institutions, to thoroughly und...
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Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector
Banks are considered a subset of the financial services industry and play the most crucial role i...
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Blog, Financial Crime / AML
Impact of Canada’s Evolving AML Regimes on Your Business
Canada’s AML regulations changed a lot in 2019. More rigid AML regulations are imposed on all typ...
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The Crucial Role of Face Liveness Check in Fintech
Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...
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7 Fascinating Facts about Face Verification Technology
Technology is a fundamental part of our day-to-day lives, from checking the weather and connectin...
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Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Embedding online identity verification methods for enterprise security
The internet knows a lot about us now. And businesses are using this information to verify our di...
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What are chargeback frauds and what do they mean for businesses?
The world we live in no longer seems to be honest and fair. A large number of individuals are par...
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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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KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms
With the growth in organised crime and its infiltration into the sports betting market, businesse...
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FATF’s Stance on Digitizing FIUs and Adopting A Risk-Based Approach for VAs
The Financial Action Task Force (FATF) is tirelessly working to guide Financial Intelligence Unit...
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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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Strong Customer Authentication (SCA) – Factors, Methods, and Benefits
In Europe, new customer authentication requirements for online payments were introduced on Septem...
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E-Learning Platforms and Prevailing Crimes – How Shufti Can Help
The global pandemic is prompting a phenomenal increase in online service. From doing groceries to...
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China’s AML Framework and Regulatory Highlights of 2022
China has been fighting against money laundering and terrorism financing for a number of years.
A...
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How Does Digital Identity Verification Work For Income Verification
With the help of income verification documents, organisations can restrict the onboarding of high...
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A Brief Insight into the AML and CFT Framework of Thailand
Thailand has become quite a popular and well-reputed financial hub, attracting investors worldwid...
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5 Ways Facial Biometric Technology Elevates Customer Retention
Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...
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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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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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Securing Identities in the Age of AI with Identity Verification
The digital age has offered unprecedented convenience and connection, but it has also introduced ...
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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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Digital Safety for Social Media, Gaming & E-Commerce Platforms
As people and businesses are getting more and more connected online, social media continues to pl...
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Antiquities Market – A Conduit of Money Laundering and Terror Financing
Money laundering and terror financing through art and antiquities has been a concern of regulator...
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AML Screening – Why Real Estate is an Easy Target for Money Launderers
The strong link between money laundering and the real estate industry is becoming a global concer...
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Know Your Donor (KYD) for NPOs – Red Flags that Charities Need to Consider
Like every other sector, non-profit organizations and charities are also vulnerable to financial ...
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OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification
The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...
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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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AML in Real Estate – Combating Property Scams at the Forefront
Real estate is deemed to be a profitable and safe business to invest in thanks to its ever-growin...
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Curbing Real Estate Crimes and Hunting Down Russian Investors with Shufti’s AML Screening Solution
The real estate industry has become attractive to money launderers in the same way it is to any l...
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Blog
Role of Enhanced Due Diligence in Combating Money Laundering
Enhanced Due Diligence (EDD) is an advanced and refined version of KYC due diligence process that...
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Blog
Enhancing the Effectiveness of KYC Checks with Shufti’s Forensic Document Verification
With emerging technologies and rapid digitization, identity fraud has become quite common, raisin...
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Blog
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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Biometric Technology, Blog
How Liveness Detection is an apt Answer for Facial Spoof Attacks?
The world went haywire on the launch of the new iPhone X; well, to be honest, when does it not? H...
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Blog
The Role of Digital Identity in Business-Customer Relationship
Dealing with any business online have you ever wondered where this relationship would go? We all ...
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Blog
What are chargeback frauds and what do they mean for businesses?
The world we live in no longer seems to be honest and fair. A large number of individuals are par...
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Blog
The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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Blog
Online Dating Scams – ID Verification Solution to the Rescue
COVID-19 exposures and its associated risks with today’s in-person meetups and traditional ...
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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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Blog
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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Blog
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
New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening?
With digitization, the use of the internet and easy access to smart gadgets has increased the num...
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Anti-Money Laundering (AML) Solutions – Securing Luxury Goods and Curbing Financial Crimes
Exotic cars, designer clothes, artifacts, and private jets make attractive news headlines and mov...
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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
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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Blog
AML Compliance – Identifying the Red Flags Money Laundering in the Real Estate Sector
Purchasing real estate is an attractive way for money launderers to legitimise larger amounts of ...
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Blog
7 Trends in Identity Verification Solutions to look for in 2020
Internet is an anonymous space where people can hide their identities and come up with bizarre ps...
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Blog
April 2023 Recap: Major AML Fines and Key Events
With the world embracing digital transformation, scammers have adopted sophisticated strategies t...
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Blog
Role of Enhanced Due Diligence in Combating Money Laundering
Enhanced Due Diligence (EDD) is an advanced and refined version of KYC due diligence process that...
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Blog
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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Crypto 2021: The Rapidly Emerging Context of Virtual Currencies
Cryptocurrency is in the limelight since the advent of Bitcoin in 2009. Investors like Tesla Inc....
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The Most Common Use Cases of Identity Document Verification
As data breaches and other crimes increase, regulators must impose strict rules that corporations...
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Leveling Up Identity Verification To Meet This Moment
Companies around the world contend with two digital identity challenges that seem mutually exclus...
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Blog
The Looming Threat of Deepfake Apps for the Financial Industry
Deepfakes gained prominence back in 2017 when an anonymous Reddit user manipulated Google’s open-...
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Blog
GDPR Checklist – Practices to adopt as Business Norms
It’s been a little over eight months since the GDPR came into effect on 25 May 2018. From that po...
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Blog
Case Study: Enhancing Security in Live-Streaming with Fast ID
A global social media company faced a critical challenge: preventing the misuse of its live-strea...
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Blog
The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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Blog
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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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
Safeguarding Financial Operations with Transaction Monitoring and AML Screening
To enhance the power of anti-money laundering regulation, transaction monitoring systems have evo...
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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
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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Blog
Facial Recognition Technology Pioneered at Olympic and Paralympic Games Tokyo 2020
Facial recognition has grown by leaps and bounds with the arrival of the sophisticated pattern-ma...
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Blog
The New Face of Authentication (*hint: you’ve seen it before!)
Companies face the daunting tasks of securing their data against the evolving threat of fraud whi...
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Blog
Know Your Investor (KYI) – Onboarding the Right Investors for Your Business
In today’s tech-driven world, financial operations are being transformed by emerging digital solu...
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Blog
Strategic KYC/AML Checks for the Financial Industry – Staying a Step Ahead of Fraudsters
In recent times, the financial industry has witnessed significant technological changes which hav...
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Blog
The Role of Biometrics in Combating Money Laundering and Identity Fraud
The fast-paced growth of biometric technology and its widespread adoption in the financial and he...
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AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses
There are approximately 77 challenger banks in Europe alone, the best range amongst the other reg...
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Indonesia’s First-ever Comprehensive Law on Data Privacy – the PDP Bill
Being the largest economy in Southeast Asia, Indonesia is experiencing enormous growth in the dig...
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Blog
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
Digital COVID Pass: Automated COVID Report Verification
The worsening situation of the pandemic has forced authorities to impose restrictions on several ...
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