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Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction
There is a surging demand for swift and remote identity verification methods in our digital world...
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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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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Winter is Coming: With a Storm of KYC and AML Regulations
The ever-evolving regulations are creating challenges and complexities for the financial institut...
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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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Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay?
Regulatory pressure, hefty penalties and increasing criminal instances are some risks associated ...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Know Your Business-Pillar of Strength To AML Regulations
Moving in the world of technology, where every industry is going digital, there has been very les...
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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, Financial Crime / AML
Impact of Bitcoin Addresses’ Sanctions on IDV Providers
The technology enhancement is being done at an exponential rate around the world. As the tech kee...
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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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Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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Reshaping the Travel Industry with NFC Verification – How Shufti Can Help
With emerging technologies and the increasing use of digital services, the travel industry has be...
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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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Reshaping Travel and Tourism with Instant Facial Recognition
Few technologies have sparked much debate as much as facial recognition. Today, it is considered ...
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Blog, Online Marketplace
Why Millennials don’t care about Conventional Banking Services?
Millennials are different from the baby boomer generation. They earn less than what the previous ...
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The Most Common Cryptocurrency Scams and the Role of e-IDV
Cybercrimes and scams are rampant across the digital space, and cryptocurrency is no different. W...
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KYC Verification – The Significance of Identity Verification in the Telecom Industry
Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...
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Identity Verification vs Authentication: The Key Differences
Organisations today face significant concerns regarding data breaches and identity theft. Nearly ...
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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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The Crucial Role of Know Your Customer (KYC) in Gaming
The gaming sector has grown exponentially since the first arcade games of the 70s. Surpassing mus...
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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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NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes
With revolutionary technologies and growing digitization, the digital version of artworks known a...
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7 Best KYC and Fraud Prevention Tips for Online Businesses
With the explosion of internet and web applications, the online interaction between consumers and...
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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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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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Politically Exposed Person – An unsaid threat to Businesses
A politically exposed person or PEP is the one who has been assigned to perform prominent public ...
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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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Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status
Proof of income is a vital requirement in many financial and professional contexts. Recently, the...
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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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Non-Fungible Tokens (NFTs), Financial Crimes and AML/KYC Regulations – How Shufti Can Help
Non-Fungible Tokens (NFTs) emergence is providing a whole new segment to buy or sell digital crea...
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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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Shufti’s Journey Builder: Designing Identity Verification Made Simple
As financial regulations around the world become more complex and ever changing, businesses like ...
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International ID Day – An Overview of the 2021 Identity Landscape
The International ID Day is not marked on everybody’s calendar but is of significant value for ma...
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The Reality Behind Money Laundering through Environmental Crimes
Environmental crimes are among the most prevailing and profiting offenses present in the world. C...
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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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The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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Blockchain and NFTs – Setting New Standards for Cybersecurity and Identity Management
Non-fungible tokens (NFTs) are an evolution over the emerging concept of cryptocurrencies. As fin...
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How the US Aims to Fight Financial Crimes and Global Corruption in 2022
2022 is looking like the year of change in the USA when it comes to combating illicit financial c...
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Top 10 FinTech Trends to Watch for in 2022
2021 was a game-changer for the FinTech sector as it has come up with innovative payment gateways...
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Video KYC Onboarding: Fintechs meeting KYC compliance with video identifications
The Financial industry is introducing a digital revolution globally. The term Fintech corresponds...
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KYC Isn’t Enough: Get Ready for the Future of Verification
Over the past few years, companies have been looking for more sophisticated identity verification...
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Business Verification: A new line of Defense against Fraudsters
With the ever-increasing complexities of anti-money laundering (AML) and counter-terrorism financ...
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CFT & AML Compliance To Hold Back Financial Crimes
In this digital era, many factors are greasing the wheel of money laundering. Due to online trans...
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Top 5 Industries that AI will Transform in 2021
Artificial intelligence is becoming a comprehensive and encyclopedic term to describe any innovat...
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The Changing Landscape of KYC/AML Regulations in 2021
Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have been evolving over time...
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7 Things Businesses Should Know About Online Face Recognition Solutions
One might be good at identifying faces. People find it a cinch to recognise a friend’s or f...
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The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing
In this modern globalized era, money launderers, terrorist financiers and other criminal elements...
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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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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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Shufti Celebrates 5 Years of Innovation in the IDV Industry
October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...
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3 ways to protect your organizations from coronavirus cyber security threat
Due to the spread of the coronavirus, the world adapts to new ways of working. Cyber criminals ...
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De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs
Every firm providing financial services must stay put with the existing compliance and follow new...
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Travel Industry – Trends, Scams, and a Solution to Combat Fraud
The modern world is filled with surprises for everyone nowadays. Be it individuals or enterprises...
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How identity verification can help prevent Medical Identity Theft?
Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...
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DSAR Under GDPR and CCPA – Understanding the Key Differences
Data protection is one of the key concerns of organisations these days. For the same reason, data...
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The Complete Guide | Identifying Fake Documents
Many application processes have become easier and faster due to digital transformation. This is b...
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Blog
Securing Digital Landscape with Electronic Identity Verification Services in 2023
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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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
KYC in banking: How American banks can fight identity thieves?
In the present globalized, fast-evolving sphere, revolutionizing KYC (Know Your Customer) is cruc...
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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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Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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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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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
AML Compliance in EU Member States and Risks of Businesses
Making regulations is just the first step, the true game starts when it comes to implementation, ...
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Blog
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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Blog
Elevating Payment Security: The Crucial Role of Biometric Authentication
There has been a considerable rise in digital payment methods in recent years. People now prefer ...
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Blog
Fighting Prevailing Crimes in Gaming Industry with Shufti’s Anti-Money Laundering Screening Solution
Modern gaming is the most recent evolution of this industry that has become the attraction of glo...
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Blog, Online Marketplace
New Rules by the UK Gambling Commission and Their Impact
The UK Gambling Commission announced new gambling rules earlier this year to make gambling safer ...
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Establishing a KYC/AML Compliance Regime for the FinTech Sector
Today, more than 60% of the financial institutions in the market consider Fintech startups to be ...
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Blog
The Top 10 Advantages of OCR for Business Owners
In our current data-driven and digital world, many organisations struggle with vast quantities of...
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Blog
Video KYC Verification – Reimaging Customer Onboarding in 2023
As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...
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Blog
Difference between KYC and AML
The growing Fintech industry leads to an increased demand for KYC and AML compliance requirements...
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Blog, Identity & KYC, Online Marketplace
Importance of Identity Proofing for Facebook & Social Media
For years, social media has been used as a tool for increased connectivity. Both businesses, as w...
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Blog
Top 7 COVID-19 Related Scams and Frauds to Look For in 2021
It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...
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