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A Fintech’s Journey to 100% Compliance and Rapid Growth
My EU Pay, a specialist payment institution serving hundreds of business customers in the U.K. an...
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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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Digital Safety for Social Media, Gaming & E-Commerce Platforms
As people and businesses are getting more and more connected online, social media continues to pl...
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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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Enhancing Trust in eCommerce with AI-powered Identity Verification
eCommerce in today’s world involves utilizing evolving technologies to ensure convenience for cus...
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5 Ways AI Takes Document Verification to the Next Level
Data digitisation has made it accessible not only to legitimate users but also to cyber criminals...
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A Basic Guide to Smurfing and the Role of AML in Combating It
Scammers employ various strategies to conceal illegally acquired funds, and one increasingly prev...
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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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Financial Regulations Against Crypto Sanctions Evasion in the UK – Is the Crypto Sector Safe?
Many governments throughout the world are facing concerns of money laundering and sanctions evasi...
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The Most Common Use Cases of Identity Document Verification
As data breaches and other crimes increase, regulators must impose strict rules that corporations...
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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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Solving the Cheating Problem in Online Gaming with Robust ID Verification Solution
The digital gaming and esports industry has grown at an immense pace in recent years, topping 1 b...
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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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Why KYC Solutions are becoming a norm in Cryptocurrency?
KYC Solutions provide a great opportunity for crypto exchanges and virtual currency enthusiasts t...
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Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition
In 2020, companies experimented with different ways of working as the result of lockdown and Covi...
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Need for Identity Verification in Real Estate and Its Real-World Use Cases
The real estate industry is in dire need of identity verification processes. The reason being, th...
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Two-Factor Authentication – A Firewall Against Social Engineering Attacks
Businesses and financial institutions around the globe often report concerns of financial crimes ...
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Customer Risk Assessment: Strengthening Security in the Digital Age
Business partners, vendors, and third parties play essential roles in daily operations, contribut...
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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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Blockchain and cryptocurrency security Guide
Online bitcoin business might have experienced a slump in recent months but still, it remains to ...
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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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Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification in 2024
Identity verification is crucial in today’s ever-evolving digital landscape as it helps prevent i...
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Enhanced Digital Security with Facial Recognition and Liveness detection
The increasing number of cyber-attacks and online fraud calls out for strong security measures. U...
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Addressing AML Compliance Challenges with a Risk-based Approach (2023)
Regardless of how big or small a company is, the after-effects of Covid-19 and the global financi...
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Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps
International trading instruments have significant features that are making them potentially attr...
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Here’s to 2021 – NFTs Conquering the Crypto Market
From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...
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The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide
International collaboration and cross-border transactions have become the norm in our interconnec...
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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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Global KYC and AML Regulatory Updates To Watch for in 2022
In 2022, the world continues to experience the serious aftermath of the coronavirus pandemic, yet...
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Strategic Evaluation and Elimination of Money Laundering in Real-Estate Sectors
The exchange of illicit money through real estate has been the most commonly encountered method o...
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Covid Report Verification: New Restriction for Airports
The Covid-19 cases have drastically increased over time and as of February 6, 2021, 18,262 new ca...
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Blog
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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Biometric Technology, Blog, Identity & KYC
ID Verification API – Smooth Integration With Online Systems
The financial services (FS) sector has the highest ever recorded abandonment rate of 83.6% amongs...
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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, 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
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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Blog, Business Technology, Fraud Prevention
How Identity Theft Protection Can Increase Your Profit!
Identity theft protection is something that is not only a concern for ordinary users anymore. Bus...
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KYC Services For ICOs – Why you need to have them now?
KYC services play a vital role in conducting an ICO in more than one way. They can make the entir...
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AML Compliance – Addressing the Threat of Money Laundering in NFT Marketplaces
The NFT marketplace is flourishing even though the top platforms do not always comply with Anti-M...
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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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KYC and AML Compliance – Addressing the Challenge of Money Laundering in Online Trading Platforms
An online trading platform is a program where shareholders and traders deal through financial int...
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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
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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Blog, Financial Crime / AML
3 Stages of money laundering – How AML screening guards your business
The United Nations Office on Drugs and Crime found that 2 to 5% of global GDP is laundered every ...
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Blog, Identity & KYC
GDPR versus Identity Verification – Are you Ready?
If you are an organisation that is based in the EU or are doing business with companies in the EU...
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SEPA Instant Credit Transfer Schemes – Disrupting the Financial Sector in 2023
There is no denying the fact that the financial industry has vital importance in the contemporary...
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Contact-free ID authentication – combating fraud during COVID-19 outbreak
Coronavirus outbreak, which was initially thought of as some sort of common flu in the Chinese ci...
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Blog
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, Identity & KYC
Digital ID Verification
The Current Situation
Digital ID Verification is the key to securing your business in thes...
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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
Safeguarding Ride-Hailing Services with Identity Verification Solutions
With the global digitization, mobility services are known to the world before the pandemic has ir...
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Blog
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, Online Marketplace
How crucial is AML/CFT Compliance for Hong Kong based Businesses?
Hong Kong serves as financial hub of trade and financial industry especially due to its strategic...
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Blog
Age Verification – Ensuring the Protection of Minors on Digital Platforms
In today’s technologically advanced era, digital products and services have transformed the way s...
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Blog, Fraud Prevention
Identity Theft Frauds – How can you stay a step ahead?
Identity theft is ‘a hot potato’ these days. Every day we come across news of online fraud that h...
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Blog, Financial Crime / AML, Reg Tech
AML Checks: An Emerging Frontier in RegTech Revolution
The Anti Money Laundering (AML) landscape has been around since the signing of BSA (Bank Secrecy ...
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Blog
The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud
Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution....
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Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
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Blog
The Benefits and Best Practices of Deploying Facial Recognition in the Workplace
With the rapid shift towards digitisation, keeping track of the most recent technological develop...
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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
AUSTRAC’s ML/TF Risk Assessment Report on Major Banks [Part 1]
Back in September 2018, the Australian Government provided AUD 5.175 million funding to AUSTRAC f...
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Blog
Identity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularl...
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Blog
Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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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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Blog, Identity & KYC
Digital Document Verification Giving Wing to Recruitment Sites
Document Verification: In an industry that’s all about people, it’s critical that you know that a...
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Blog
Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help
With growing digitization, emerging technologies, and increased use of online transactions, a hug...
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Blog
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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Blog, Fraud Prevention
Looking for Online Fraud Prevention: Here Is What You Can Do
In an increasingly digital world, it is extremely important for online businesses to identify fra...
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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
Digital Document verification – an efficacious method of ID card scanning
Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...
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Blog
Why Do Freelancing Platforms Need KYC?
Technological advancements came with several betterments for humans. Where every industry is bene...
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CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks
With the increased risk of financial crime, banks and other financial institutions within a state...
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