Blog
Covid Test Verification To Facilitate Tourism Worldwide
Due to the coronavirus pandemic, tourism has been adversely affected and the entire travel sector...
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Securing Instant Money Transfers in the Banking Sector – EPC’s New Rulebook
Financial services have always played a vital role throughout the entire history of advanced huma...
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Protect Your Bitcoin Business With KYC Compliance
Even with a lot of resistance to its use as a form of currency, Bitcoin and its blockchain techno...
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Blog, Financial Crime / AML, Reg Tech
AMLD5 – Regulations catching up with Technology
In this era of technology, it is a common saying that “Innovation leads and regulation follows.” ...
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KYC screening vs One time passwords – what’s good for your business?
Customer due diligence sometimes tests the nerves of strategists and compliance officers. With mu...
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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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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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Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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Prevailing Identity Fraud in Telecom Sector – How Shufti Can Reduce the Risks
The telecommunication industry holds significance for the information sector as it is primary inf...
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The 10 Biggest DeFi Hacks of 2022 and How Can KYC/AML Compliance Help
The crypto industry witnessed a challenging year in 2022, marked by numerous hacks and scams, hig...
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How to Create a Wow! Fraud Prevention System with Shufti
The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...
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An Insight into Global Regulations for the Cryptocurrency Sector [2022 Update]
With emerging technologies continuing to proliferate faster and rapid digitization all around us,...
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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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High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help
Money laundering and terrorist financing are becoming a global concern. To overcome the risk of c...
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AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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Blog, Online Marketplace
How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?
The travel industry is a unique business category servicing clients from various destinations and...
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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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Blog
Top 5 Reasons Why Businesses Need Transaction Monitoring Solution
Companies are moving towards digitisation, meanwhile, cybercriminals are mastering the art of exp...
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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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How Global AML Regulations Safeguard Financial Processes from Money Laundering
Growing a business in any part of the world requires effective AML compliance measures as a neces...
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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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Blog
Money Laundering Spikes High in the Gulf Region – What’s Next?
Given the rapid increase in FinCrime, the Gulf region is now working day in and day out to impose...
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Affiliate Fraud Detection | How to Prevent it in 2024
Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...
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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
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
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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Stablecoin Market and the Role of AML in Safeguarding Digital Finance
With the rapid expansion of the cryptocurrency market, stablecoins have swiftly emerged as a popu...
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High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?
In today’s continuously evolving world, businesses should not only focus on the revenue they gene...
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Document Verification Services – The Secret Sauce to Keep Fraudsters Away
Forging someone’s documents is something bad enough but selling them on the dark web is just rubb...
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Blog
Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks?
The eCommerce industry continues to grow rapidly, so are fraudulent activities. According to Stat...
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Blog
KYC Outsourcing vs. In-House Systems – What Should Businesses Opt For?
KYC requirements for financial institutions throughout the world come with a basic need for imple...
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Blog
Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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Blog
The Expected No-Deal Brexit and AML/CFT Laws in the UK
The current prime minister of the UK Mr. Boris Johnson made a statement that the UK should be rea...
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Blog
Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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Blog
Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector
Regulated entities must be aware of who they are interacting with. Validating the real identities...
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Blog
FinCEN Files – Banks abandoning front-line defenses against money laundering
Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...
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Blog, Business Technology
What Due Diligence Means for Your Business
Due diligence is a process that helps banks and individuals to get to know in detail who they are...
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Blog
Online Payment Fraud and the Role of AML Transaction Monitoring
Imposing travel restrictions worldwide after the COVID-19 pandemic led to an unprecedented surge ...
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Blog
6 Industry Experts Share Their Thoughts on NFC ID Verification
Thanks to the growth of contactless transaction systems like Apple Pay, NFC is now a mainstream t...
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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, Fraud Prevention, Online Marketplace
Why Digital KYC is Important for Insurance Fraud Prevention
KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...
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Blog
EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age
With technological advancement, hackers are also becoming smarter to bypass verification processe...
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Know Your Player – Preventing Identity Fraud in Sports Events
The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...
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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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Blog
Impact of Beneficial Ownership Transparency on Real Estate Crimes
The high price tags of real estate in the US open doors for corrupt politicians, kleptocrats, and...
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Blog
Stablecoin Market and the Role of AML in Safeguarding Digital Finance
With the rapid expansion of the cryptocurrency market, stablecoins have swiftly emerged as a popu...
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Blog
Top 5 Digital Banking Trends to Look Out for in 2022
2021 was fundamentally geared towards surviving the pandemic and its aftermaths. The pandemic-acc...
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Blog
AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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Blog
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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Blog
Singapore’s Digital Payment Token and AML Regulations [2022 Updates]
Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...
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Blog
Analyzing the UK and US Gambling Industry by Numbers
Businesses and people in the gambling sector are aware of the risks involved and what are their p...
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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
Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?
As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...
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Blog
A Basic Guide to Know Your Customer Online (2023 Update)
In our current digital landscape, where identity theft seems rampant, protecting personal informa...
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Blog
Don’t Need AML Compliance? Think Again!
The majority of the businesses believe that they do not need to comply with AML regulations at al...
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Blog
6 Upcoming Trends In Blockchain And Cryptocurrency For 2021
2020 was unlike any other year. It was chaotic, happening, and has finally come to an end.
In the...
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Blog
Understanding Digital Identity
What is Digital Identity?
In the digital world, your identity is made up of your p...
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Blog
Understanding eKYC | The Benefits, Processes & 2024 Forecast
Governments worldwide require firms, such as financial institutions, to know who their customers ...
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Blog
11 Common Mistakes End-Users Commit During KYC – Shufti
KYC identity verification is one big challenge for end-users. Your customers might be making a lo...
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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
Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs
According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...
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Blog
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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Blog
Top Cryptocurrency Trends to Look Out for in 2022
2021 has been a remarkable year for cryptocurrency as because of COVID-19 outbreak crypto industr...
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Blog
Strengthening digital businesses with online age verification
It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...
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Blog
The Complete Guide | Transaction Monitoring for Financial Institutions
With technological advancement, financial criminals have also been given a wider range of tools a...
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Blog
Louisiana Age Verification Compliance Updates 2024
Age verification is crucial for online tasks like purchases and communication. The inte...
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Blog
How Will Simplified Due Diligence SDD Help Industries in 2024?
For businesses, the due diligence process is an integral part of the Know Your Customer programme...
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Blog
Top 10 Cybersecurity Trends for 2021
Cybersecurity in 2020 became the biggest challenge thanks to the COVID-19 pandemic. Global lockdo...
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Blog
40 recommendations of FATF – Shaping the future of your business
Financial Action Task Force or simply FATF is an active global authority that never fails in surp...
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Blog
Video KYC – Answer to Digital Revolution in the Gulf Region & UAE
The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...
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Blog
How Can 2-Factor Authentication Protect Customers Against Fraud?
Need for Customer Authentication Mechanisms
Since the existence of humanity, new innovations and ...
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