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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Blog, Online Marketplace
How API-based Technologies Can Transform the Future of Online Marketplace
API Based Technologies: Application Programming Interfaces (APIs) are giving advanced ways of dig...
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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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40 Surprising Facts and Statistics About Money Laundering [2021 Update]
Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...
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Blog, Identity & KYC
Why You Need to Verify Identity Online
5 Unusual Ways Stolen Identities Can be Used Online
The need to verify identity in the digital sp...
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Video-KYC – The ‘New Normal’ for Digital Customer Verification
The KYC requirements all over the world are getting stringent. ID document verification is a norm...
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Initial Art Offering – Everything you need to know about it
Initial Art offering is an innovative way to support artists and their brilliant art without worr...
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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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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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How machine learning changed facial recognition technology?
We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...
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NFC – Building New Grounds for Identity Verification
Near Field Communication (NFC) is based on the famous RFID technology. In 2002, Nokia was the fir...
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Unfolding Telecom Frauds through Effective KYC Compliance
The growing adoption of smartphones has naturally spurred sharing of personal data. From providin...
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A Comprehensive Guide to AML Compliance [2020]
Anti-money laundering (AML) laws are the primary target of regulatory authorities. These regimes ...
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Rise of Money Laundering in UAE – How Financial Institutions Can Comply with New Regulations
The UAE certainly earned its spot in the top 10 global financial centers with unprecedented growt...
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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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How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification
The customer journey with a business is very comprehensive. It does not end once the customer is ...
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Blockchain and Identity Theft: Potential Challenges and how to Tackle Them
Blockchain has become increasingly popular because of its potential to provide secure transaction...
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Crypto Regulations in the US and UK | A Comprehensive Overview
Financial regulators struggle to understand how to categorise and regulate cryptocurrency that do...
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FATF’s Travel Rule: A New Dawn of Regulations for Virtual Asset Services
Here at the start of 2021, there is much uncertainty regarding the coronavirus situation, whether...
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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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Major Fines in the Gaming and Gambling Industry and the Role of e-IDV
The outbreak of Covid-19 has changed how we do business. Many firms that used to operate physical...
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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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Worldwide Language Coverage from Shufti helps you go Global
Language serves the purpose of communication among people of a certain locality, nation or in cas...
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Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships
Online dating apps have altogether transformed the concept of socializing, and people are now int...
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Blog
Working from Home Spikes Demand for Digital Identity Verification
Due to the Coronavirus Pandemic, many businesses are grounded or are enforced to work from home. ...
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Blog
The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution
The digital world is evolving at a greater pace than ever before. The Metaverse is considered a d...
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What To Consider When Implementing Forensic Document Verification Services
As the demand for digital products and services has skyrocketed, so does the need for verificatio...
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Frequently Asked Questions about OCR Scanners
The way we process and analyse written information has been entirely transformed by Optical Chara...
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Facial Recognition | The Principles of Responsible Use and the Legal Landscape
One of the most popular uses of AI nowadays is facial recognition. In all likelihood, it’s ...
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Blog
AI-Powered OCR to Combat Challenges During Manual Data Processing
Every industry has to deal with tons of customer data on a daily basis. Receiving information, ex...
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Blog, Identity & KYC
7 Ways to Protect Your Children from Identity Theft
Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...
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Blog
A Quantitative Insight into the Global Gaming and Gambling Industry
The gaming and gambling industry has demonstrated exponential growth in the past decades and is e...
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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 Investor | Sophisticated Investor Verification in Real-Time
In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...
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Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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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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How AI is Transforming the Banking Sector
Artificial Intelligence has extensive applications across several domains: from banking to health...
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Know Your Investor | Simplify the Onboarding Process
Businesses at any stage need to onboard credible partners and investors who bring in capital 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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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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Navigating the Evolving Landscape of Forex Trading: Insights from Hachem Rifai
The foreign exchange (Forex) market stands apart as the largest and most liquid financial market ...
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The State of Money Laundering in The United States – How Shufti Can Help
The United States of America is among the first countries that took effective measures to fight f...
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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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Blog
KYC Verification – Defeating Anonymity on Social Media Platforms
In the introductory phase, social media platforms were merely a small part of the internet where ...
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Blog
Identity Fraud in Coworking Spaces – How Shufti’s Facial Biometric Authentication Helps
With more and more companies embracing remote work, the trend of coworking spaces is picking pace...
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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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Blog
FinTech and FinCrime – The Global Regulatory Landscape
Also known as financial technology, FinTech is now among the fastest-growing industries. This sec...
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Blog
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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Blog, Online Marketplace
Social Media and Identity Theft Frauds
Imagine this: You get up in the morning and like most people; check your email. There you have an...
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Blog, Business Technology
The demand for OCR Technology increasing for ID Verification
ID verification is core to overall identity verification services that help business around the g...
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Blog
Multi-Tier Security – Another Line of Defense Against Bank Account Scammers
The banking sector has been witnessing a significant rise in criminal activities is a major conce...
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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, Identity & KYC
How AML/KYC Direct Credible ICO Growth?
What if I told you, early in the days of ICOs, startups operated with little to no top level regu...
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KYC | How to perform KYC verification in three simple steps
Know Your Customer (KYC) is an identity verification process that plays a critical role in the pr...
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Blog
Cybersecurity vs User Experience – Knowing the Art of Balancing
Several years of debate between cybersecurity and customer experience has driven most people craz...
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Blog
KYC, KYB & KYT Tying the Loops for Identity Verification
Digital fraudulent activities are rising with every passing day, businesses are adopting reactive...
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Blog
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
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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Anti Money Laundering, Blog, Reg Tech
RegTech facilitates effortless AML Compliance
The latest report by Research and Markets states that RegTech industry is expected to grow...
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Blog
Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023
Twenty years back, “identity theft” was imagined as pictures of shady figures rifling through gar...
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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
The Most Frequently Asked Questions about Video KYC
In today’s digital era, the escalating prevalence of identity theft poses a significant con...
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Blog
Perpetual KYC – Securing Businesses through Continuous Identity Verification
With regulatory scrutiny increasing globally, failures or loopholes in security systems pose a si...
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Blog
Top 10 Identity Verification Trends to Look Out for in 2022
Did you know identity fraud is growing at a faster than ever rate? Businesses across the globe ar...
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Blog
AML Screening | Fighting the War Against Terrorist Financing & Money Laundering
Money laundering and terrorist financing have become a global concern. In the US alone, approxima...
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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
KYC and Blockchain – The Foundation of a Secure Crypto Landscape
Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...
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Blog
Biometric Authentication: The Importance, Use Cases & Myths
Today’s business owners rank security among the highest priorities. As hackers continue to ...
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Blog
Leveraging Age Assurance for Data Privacy and User Protection
Online age verification has gained great attention in recent years since many minors have been se...
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Blog
AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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Blog
Gambling Compliance or Data Protection? The Puzzle is Solved!
The evolving regulations for the gambling industry are likely to increase compliance challenges i...
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Blog
May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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