Blog, Financial Crime / AML
Global AML Regimes – Tightening Reins on Money Launderers
Money laundering is a global menace. Money laundering and terrorist financing are the major targe...
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AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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Know Your Investor (KYI)- Ensuring Seamless Investor Onboarding for the Investment Industry
With global stock markets skyrocketing, the wealth, asset and investment sector is under growing ...
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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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Anti-Money Laundering Challenges Faced by the Fintech Industry
Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...
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Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering
In the complex landscape of identity fraud, the smallest details can make the biggest difference....
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Blog, Identity & KYC
4 Know Your Customer (KYC) Strategies to adopt in 2019
Digital fraud haunted the cyberspace in 2018 with the majority of online frauds originating from ...
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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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COVID-19 Pandemic – What it holds for businesses?
The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...
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GDPR Compliance vs BlockChain Debate – Things you must know
GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...
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Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions
With transforming technologies and growing digitization, the global art industry has also embrace...
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4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog, Fraud Prevention
Account Takeover Frauds – Impact, Causes, and Prevention
Living in the era of technology, the world is rapidly moving towards digitization. From banking i...
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Impact of California Consumer Privacy Act on Online Businesses
California consumer privacy act has been revolutionizing consumer data regulations. The act was p...
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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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License Verification for Online Transport Services
License Verification for Online Transport Services
The world of transport services has dramatical...
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Identity Verification making online dating platforms secure
The expansion of the internet and mobile devices has led to the rapid adoption of online dating. ...
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A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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Top OCR Use Cases in 2025: Compliance, Automation & Customer Experience
Optical Character Recognition (OCR) has shifted from a back‑office convenience to a board‑level c...
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Understanding Risk Assessment in the Gambling Sector – 2025 Edition
Online gambling revenue is on track to exceed $150 billion globally by 2025, with Europe alone ge...
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Brazil to Launch CBDC: Its Impact on Financial Firms and How KYC/AML Can Help
Where does the cash come from? The country’s central bank authorises the printing of paper ...
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e-IDV | Electronic Verification Checks For Ultimate Fraud Prevention
The first paper-based photo identity document was in May 1876, developed by William Notman for th...
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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 Compliance – Strengthening Fraud Prevention Across the Globe
Know Your Customer (KYC)
The widespread availability of the internet has made our world more con...
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5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond
During the covid pandemic, many businesses updated their access control systems to facial recogni...
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Combatting Fraud in the Automotive Industry
Fraud is a growing concern for many industries and the automotive industry is no exception. In 20...
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Secure Ride-Hailing Services – Building Trust Through NFC Verification
Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...
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Banking Scams: Top 5 Predictions and How to Stay Safe in 2023
The most recent fraud statistics will make you uncomfortable.
Fraud cases are rising – relentless...
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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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AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering
Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...
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KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets
As more and more countries had to enforce lockdowns because of the pandemic, remote working and d...
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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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COVID-19 Pandemic – What it holds for businesses?
The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...
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The Digital Black Market for Identity Data
The collection, purchase, or trade of customer data is big business. Unless organizations and ind...
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AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021
After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...
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Top 4 Reasons that will Increase Money Laundering Risks in 2022
Unlike other frauds, like like tax evasion, drug trafficking, extortion, and misappropriation of ...
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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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Biometric Technology, Blog
Biometric Authentication: Applications and Constraints
Biometric authentication is considered as an advanced way of ensuring Know Your Customer (KYC). T...
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6 Ways Identity Verification Will Unlock Digital Transformation in Airlines
Airlines were particularly negatively impacted by the Covid-19 pandemic, and the situation was fu...
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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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Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification
In today’s digital age, businesses must have a robust identity verification system in place...
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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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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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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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Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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5 Key Questions About KYC Compliance to Look Out for in 2021
With the COVID-19 pandemic bringing challenges every day for businesses, the rate of identity fra...
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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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Industries that Need Digital Identity Verification and Why?
With continuous improvements in technology, different industries of the world are streamlining th...
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Understanding Facial Identification: Face Verification vs. Face Recognition
Many terms in the biometrics field are used interchangeably, particularly regarding facial verifi...
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Digital KYC – Protecting All Generations from ID Fraud
From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...
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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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Artificial Intelligence, Blog
Why Artificial Intelligence Isn’t Taking Over—It’s Helping Us Thrive
Artificial Intelligence (AI) has transformed from a futuristic concept into a critical part of ou...
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Blog, Online Marketplace
ID Verification – Fraud Prevention in Online Gambling Industry
By its very nature, gambling is quite risky. Add to it the potential for fraud that it attracts, ...
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Blog, Online Marketplace
Document Verification Services for a Secure Freelance Platform
Picture this you have recently started a freelance website you have marketed it properly and foll...
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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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Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions
With transforming technologies and growing digitization, the global art industry has also embrace...
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5 Effective Ways Shufti Combats First-party Fraud
After analysing fraud incidents of the previous year and the current one, we observed an interest...
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Digital COVID Certificate Verification: Prevalent Problems and Viable Solutions
Following the rollout of viable vaccines to combat COVID-19, the prospects of normalcy are on the...
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Blog, Financial Crime / AML
AUSTRAC tightens regulations for enhanced AML Compliance
Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...
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What is KYC and Why is it Important for Crypto Exchanges?
Cryptocurrencies are causing significant disruptions in the financial world. Cryptograp...
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The Top 10 Benefits of the Know Your Customer Lifecycle
In this digital age, where transactions occur remotely and identity theft is rising, establishing...
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Artificial Intelligence, Blog
Knowledge Based Authentication a Thing of Past
If you are wondering what is knowledge-based authentication or KBA, let me ask you a question, ‘w...
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5 Key Regulatory Updates for the Banking Sector in 2021
The pandemic disrupted operations in the banking sector and the criminal activities significantly...
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KYC alternatives disrupting traditional KYC methods
Technology is building bridges between businesses and consumers across the barriers of distance a...
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Is Your Company Safe? The Importance of Document Verification to Strengthen KYC Checks
Businesses across the globe are still vulnerable to threats like money laundering, terrorist fina...
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AML Solutions: Eliminating the Risks of Money Laundering
Money laundering is a serious crime that can have serious and long-term consequences for your bus...
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KYC/AML Compliance – Eliminating Financial Crime in Challenger Banks
Challenger banks have emerged in the financial services paradigm by bringing digital innovations ...
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6AMLD of EU – A detailed insight
European union’s another anti-money laundering directive is in the pipeline. And this time the un...
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Online ID Verification – A Solution to Tax Refund Fraud
An increase in identity theft and tax fraud have become a major concern these days. Criminals are...
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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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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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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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