Blog
Know Your Patient | Secure Patient Onboarding and Preventing Healthcare Fraud
Technology advancement, automation, and digitisation have paved the way for unprecedented growth ...
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Blog
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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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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Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)
During the last few decades, the financial industry has altogether revolutionized, and digital tr...
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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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The FATF Travel Rule: What Business Owners Must Know
The rapidly evolving landscape of technology and cryptocurrency has made the regulation of digita...
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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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The Power of Robotic Process Automation in the Banking Industry
Entering into the fourth industrial revolution, business processes are shifted to the digital sph...
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Blog, Fraud Prevention
Credit Card Frauds- How Can You Prevent It?
Ever since credit cards were introduced, credit card fraud has been elevating. One needs to stay ...
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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
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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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Blog, Fraud Prevention, Identity & KYC, Reg Tech
Facial Recognition: Burgeoning Threat to Privacy
The expanding use of facial recognition technology for ID verification, user authentication, and ...
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Blog
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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Blog
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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Blog, Financial Crime / AML, Online Marketplace
Smaller Banks are in dire need of AML Compliance to avoid fines
Smaller banks are being considered an easy target for money laundering activities because of thei...
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Blog
Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect
The rise and evolution of social media have completely transformed the way people communicated an...
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5 Technology Trends To Disrupt Banking in 2020
Living in the digital era, technology is driving major changes in almost every industry. Whether ...
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The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance
Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...
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Blog
Risk Assessment – Building Trust in Financial Institutions
For financial institutions to hold onto their customers, they must build and conserve advanced le...
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A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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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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10 Frequently Asked Questions about Real-time Document Verification
As we’re propelled deeper into digital transformation, techniques employed by scammers are ...
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Blog
HKMA’s Risk Assessment Guidelines for AML/CFT Compliance in the Banking Sector
In the past few years, global regulatory authorities have been laying new grounds for Anti-Money ...
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Biometric Technology, Blog, Business Technology
Speed Up customer Onboarding with Online Facial Recognition
Banks are spending loads to digitize their operations. The competition is mounting, plus, people ...
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Blog
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
How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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Blog
Ensure Digital Security with e-KYC Solutions
In today’s world where the distances have been reduced considerably with the advancement of techn...
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Anti Money Laundering, Blog, Financial Crime / AML
US Treasury opposes European Commission AML Country List
The European Commission has adopted a new list of 23 countries which lack appropriate framework f...
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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
A Brief Overview of 2021 AML Trends
Over the last decade, regulatory scrutiny on Anti-Money Laundering (AML) compliance has remained ...
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Blog
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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Blog, Identity & KYC
Online Identity Verification – Why Shufti is Perfect for Digital Authentication
In a short period of time, Shufti has managed to make a significant mark upon the end-to-end ...
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Blog
Electronic Identity Verification | Forecasts and Predictions
Identities change as the world goes more digital. As more activities, like banking, socialising, ...
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Blog
The Latest KYC Regulation Bill for Bitcoin ATMs and DeFi Platforms
As the digital revolution takes hold worldwide, there has been an unparalleled surge in the adopt...
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Blog
5 Key Questions about Facial Recognition Answered by Experts
Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...
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Blog
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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Blog
NFTs, Art Market – What Investors Need to Know About ID Verification
In recent years, Non-Fungible Tokens (NFTs) have gained global attraction from individuals as wel...
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Blog
A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses
Most of our processes, including financial and business dealings, have now shifted to online plat...
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Blog
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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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
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
Anti-Money Laundering Compliance for Crypto Exchanges [2021 Update]
Anti-Money Laundering compliance solutions are gaining popularity in all corners of the world. Un...
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Blog
Rising Social Media Scams in 2020 Calling for Digital Identity Verification
Social media was a simple place for interaction a few years back. People valued it for its securi...
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Blog
August 2023 Recap: Major Violations and How AML Screening Can Help
With technological advancement, scammers are revising their strategies to bypass verification sol...
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Blog
Transaction Screening Vs Transaction Monitoring | What’s the Difference?
Transaction screening and transaction monitoring are critical in money laundering, counter-terror...
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Blog
Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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Blog
Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively
Online gambling has seen significant adoption in the past few years because of the convenience, v...
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Blog
Digital Identity checks for secure and swift customer onboarding
The digital transformation of businesses continues apace, driven in part by regulations that mand...
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Blog
NFC Verification – Making Digital Payments Mainstream from Alternative
With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...
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Blog
Top 5 Cybersecurity Trends to Look Out for in 2022
With 2022 just around the corner, new developments in cybersecurity are already beginning to take...
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Blog
5 Types of ID Fraud Skyrocketed in the First Half of 2021 – Shufti
Last year, Shufti’s AI-powered identity verification system captured a 3.36% increase in iden...
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Blog
Expanding and Securing Financial Services with Shufti’s Video KYC Solution
In recent years, Know Your Customer (KYC) has gone through significant digital transformations. B...
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Blog
NFTs, Art Market – What Investors Need to Know About ID Verification
In recent years, Non-Fungible Tokens (NFTs) have gained global attraction from individuals as wel...
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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
Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers
Business relationships always come with associated risks that require carefully implemented measu...
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Blog
Biometric Authentication Technology – Everything you Need to Know
Nowadays businesses are looking for more secure systems for the sole reason of customer authentic...
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Blog
OCR technology for businesses – Its applications and benefits
Optical Character Recognition (OCR) technology provides a business solution that automates data e...
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Blog
10 Ways to Eliminate Business Fraud with Robotic Process Automation (RPA)
One of the prime concerns of businesses today is detecting and mitigating the risk of fraud. This...
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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
The Vicious Cycle of Money Laundering in the Gambling Industry
Money launderers opt for various channels to obscure the origins of their illegally obtained fund...
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Blog
How Can You Make Your Onboarding Process Cost-Effective?
The customer onboarding process can cost your business a fortune if it is complex. In the modern ...
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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
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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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]
This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...
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Blog, Business Technology, Financial Crime / AML, Identity & KYC, Online Marketplace
Know Your Business: The Next Step in Identity Verification
The complex regulatory environment and increased exposure to illegal activities indicate that bus...
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Blog
Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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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, Identity & KYC
Online Identity Verification – Why Shufti is Perfect for Digital Authentication
In a short period of time, Shufti has managed to make a significant mark upon the end-to-end ...
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Blog
Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Blog
E-KYC – The Next Step in the Evolution of KYC Verification
As the world shifts to digital applications, financial operations are being automated for added c...
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Blog
Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK
As the holiday season approaches, we often reflect on how we can give back to our communities. Th...
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