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Digital Passports Driving the need for Biometric Verification at Airports
Digital or chipped biometric passports have automated the verification process at airports. The e...
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Identity Proofing – 7 Reasons Why Businesses Need it Now!
Modern-day cyberspace has effortlessly diminished the boundary between the real-life and digital ...
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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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AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021
After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...
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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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5 Ways Facial Biometric Technology Elevates Customer Retention
Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...
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4 Ways How Technology Can Simplify KYC and AML Workflow Management
While the terms AML and KYC are used interchangeably, there is a huge difference between the two....
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Blog
Japan’s AML/CFT Assessment – August 2021 Report
Financial crime is soaring sky high with digitisation becoming a part of our daily lives. Cyber a...
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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
Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide
The threat for money laundering and terror financing continue to increase with global a...
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Blog, Identity & KYC
Fathoming Financial Inclusion, Innovative KYC Solutions, and Integrity
Identity – ensures active participation of an individual in social, political and economic ...
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Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Blog
Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It
The majority of businesses depend upon a third-party in one way or the other. Contractors, suppli...
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A Brief Insight into Social Media Scams – How Shufti’s IDV Solution Helps
There is no doubt that social media has its benefits in contemporary times. With the growing tech...
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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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Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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Blog
The need for identity verification solutions spiking in demand
At present, we are living in a digital world. Everyone is on the internet which is an anonymous s...
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Understanding Digital Identity
What is Digital Identity?
In the digital world, your identity is made up of your p...
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Implementing Robust Anti-Money Laundering Checks for the Insurance Sector
Insurance companies play a decisive role in the considerable growth of an economy. It turns accum...
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Blog, Business Technology
4 Fintech trends to look forward in 2019
FInTech has come a long way from being a mere futuristic technology and has achieved scalability ...
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Blog
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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Halloween Scams – Watching Out for Tricks, Identity Fraud, and Financial Crime
Halloween is one of the most awaited and celebrated events in a large number of countries across ...
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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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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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What is an OCR Screening and How Does it Work?
In our digital environment, where automated technology has already taken over corporate processes...
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A Brief Overview of the RegTech Industry [2022 Update]
The rising financial crimes have raised concerns of global regulatory watchdogs giving rise to Re...
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Is NFC Really the Future? The Mystery Solved!
We arguably live in a world that is now dependent on technology. From online payments to online e...
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Effective Sanctions Screening | A Guide for Compliance Professionals
Sanctions are crucial in combating financial crimes and maintaining national and international se...
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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
Why Do Freelancing Platforms Need KYC?
Technological advancements came with several betterments for humans. Where every industry is bene...
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KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help
As technology continues to transform the financial industry, the need for identity verification h...
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The Crucial Role of Digital Onboarding and Ongoing KYC Monitoring
In this digital world, users expect convenience, speed, and greater security. Businesses that off...
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Blog
Identity verification in freelancing- no more smoke and mirrors
Freelancing platforms are rapidly growing. In 2017, around 57 million Americans were freelancing ...
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Blog
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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Know Your Player | Onboard Verified Gamers and Scale Globally
In today’s digitised gaming world, player verification stands as a cornerstone for onboarding leg...
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Blog
Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference?
Ensuring robust identity verification processes is necessary with the ever-increasing n...
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An Insight into Online Dating Scams – How Identity Verification Helps
The impact of Covid-19 on businesses and the physical, mental health of individuals has been stre...
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Blog
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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Business transformations for operational resilience amid COVID-19 crisis
The pandemic continues affecting businesses and consumer operations along with having economical ...
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Blog
Identity Verification Forecast: How Will KYC Evolve in 2023?
As the world becomes more digital, scammers are honing their craft and employing trickier techniq...
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Biometric Technology, Blog
Online Facial Recognition Could Drive a New Wave of Digital Transparency
Online facial recognition is a much less explored territory when it comes to online identity veri...
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Blog
Gambling Regulations in Germany Lay Ground for Robust Player Verification
User engagement towards digital platforms has been growing at an exponential pace for the past fe...
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Blog
Crypto KYC: A Growing Need for Industry Regulation
The recent development of cryptocurrencies has resulted in a new era of financial transactions th...
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OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification
The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...
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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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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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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
Facial Recognition KYC Services | Helping Businesses Fight Fraud with Unparalleled Biometric Checks
The AI revolution has enabled businesses to leverage the power of technology in KYC verification....
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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
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
Fight Fraud Proactively and Reduce Fake Customer Accounts With Shufti’s AI-powered ID Document Forgery Detection
Bank statements, land documents, and social security checks are frequently forged. Document forge...
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Blog
How to protect your online gaming platform from ID frauds?
Gone are the days when online gaming was only restricted to LAN parties. With the development of ...
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Blog
More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans
Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...
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Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech
EU’s Sixth Anti-Money Laundering Directive (AMLD6)
Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...
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Blog
A Brief Insight into the AML and CFT Framework of Thailand
Thailand has become quite a popular and well-reputed financial hub, attracting investors worldwid...
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Blog
Fintech Compliance – Boogeyman for Trillion Dollar Industry?
Fintech industry is flexing its muscle by bringing onboard more and more customers and innovating...
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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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AML Compliance – Sharpening Focus on FinCrime in the Payments Industry
Conventional payment services are embracing technological transformation, which is significantly ...
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Blog
10 High-Risk Jurisdictions for Money Laundering According to FATF
Innovations like stablecoins and non-fungible tokens (NFTs) created quite the hype in the past ye...
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Blog, Fraud Prevention
Fraud Prevention through Secure Payment Processes
Here’s a question, why do people always say things like “the good days”? The fact is a number of...
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Blog
Top 5 Ways Minors Use to Dodge Age Verification Checks
Protecting minors from the perils of the digital world is nearly impossible for businesses withou...
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Blog
California Privacy Rights Act – What Businesses Must Do to Comply
The California Privacy Rights Act (CPRA), also known as Proposition 24, was approved on November ...
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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
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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Blog
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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Money Laundering in the Real Estate Sector – How Shufti’s AML Services Help
Purchasing luxurious mansions is always an attractive way for money launderers to legitimize thei...
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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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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
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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Blog, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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Blog
A Brief Insight Into Anti-Money Laundering (AML) Regulations in Colombia
Money laundering has become a global issue, and almost all countries are facing this threat in va...
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Blog
5 Industry Leaders Shared Their Insights on the Future of Biometrics
Modern technology has brought several conveniences to life. From the ease of working at home to s...
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