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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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A Basic Guide to Intelligent Character Recognition (ICR)
With technological advancement, businesses are finding new ways to leverage digital sol...
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The Relentless Rise of Fraud in the FinTech Industry – How CDD Helps
Fraud has always been on the rise ever since the advent of the FinTech industry. As perpetrators ...
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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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E-Signature Verification | Why Businesses Should Consider Adopting It
Physical paperwork is a thing of the past now. It is a time and labour-intensive task that requir...
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AML Compliance – Identifying the Red Flags Money Laundering in the Real Estate Sector
Purchasing real estate is an attractive way for money launderers to legitimise larger amounts of ...
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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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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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KYC Analysts: The First Line of Defense Against Identity Theft and Fraud
An upsurge in financial transactions has led to heightened money laundering risks and terrorist f...
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5 RegTech Applications That Will Govern the Financial Regime in 2021
RegTech, short for Regulatory Technology, is the subset of FinTech which bridges the gap between ...
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Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time
The Optical Character Recognition (OCR) market was valued at US$15 billion in 2019 and is expecte...
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Crypto 2021: The Rapidly Emerging Context of Virtual Currencies
Cryptocurrency is in the limelight since the advent of Bitcoin in 2009. Investors like Tesla Inc....
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The Future Of the Financial Sector in the Gulf Region
Digital transformation, that has undoubtedly disrupted numerous industries worldwide, has reached...
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Blog, Financial Crime / AML
AMLD5 Amendments in Prepaid Cards Transaction Threshold
In July 2018, the European Commission came into effect the 5th Anti-Money Laundering Directive (A...
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Strong Customer Authentication (SCA) – Factors, Methods, and Benefits
In Europe, new customer authentication requirements for online payments were introduced on Septem...
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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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Securing Cryptocurrency Sector and Fighting Financial Crimes With Shufti’s AML Solution
A decade ago, digital currencies were an academic concept, largely unknown to the world’s general...
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How Online ID Verification Supports Age-restricted Sellers?
The online stores selling age-restricted products like gaming services, medicine or drugs are in ...
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Blog, Online Marketplace
Secure Online Gambling through Identity and Age Verification
Gambling is a very profitable business for big players and owners alike. According to research, t...
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Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime
Emerging FinTech firms around the world spend almost one-third of their overall budgets on develo...
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The Emerging Threat of DeepFakes and the Role of Video KYC
With technological advancement, cybercriminals are revising their strategies to commit fraud. Cri...
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Combating 8 Prevalent Biometric Fraud Through a Single AI Solution
Considering how criminals are attempting new strategies to “steal a face”, companies are no longe...
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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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Cryptocurrency Exchanges and negative KYC Compliance
KYC & AML Compliances are not being upheld by almost 68% of the cryptocurrency exchanges arou...
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Blog, Online Marketplace
Know Your Customer Verification for Charity Organisations
They say no good deed goes unpunished, if we were to take a look at it literally the frauds that ...
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Regulatory Compliance | The Importance of Age Verification on Betting Sites
Online betting sites and gambling platforms frequently face significant challenges in adhering to...
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AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps
Money laundering has spread like a virus in today’s globalized society. Banks and other fin...
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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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Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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Record-Breaking Fines on Banks for KYC/AML Non-Compliance
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...
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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, Identity & KYC
10 Quick Tips Regarding Identity Theft Protection
Identity fraud has grown substantially in the past two decades, and unfortunately, it is here to ...
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Blog
A Basic Guide to Intelligent Character Recognition (ICR)
With technological advancement, businesses are finding new ways to leverage digital sol...
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Blog
Identity Verification entails a lot more than customer verification
Identity theft and digital fraud are on the rise. Cybersecurity is of essence for all the organis...
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Blog
The Top 10 Benefits of the Know Your Customer Lifecycle
In this digital age, where transactions occur remotely and identity theft is rising, establishing...
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e-IDV | Combatting Fraud in a Remote World
Know Your Customer (KYC) is a method to identify and verify clients’ true identities and re...
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Blog
Deepfakes: AI Fraud Attacks Require Even Smarter AI Countermeasures. Now.
Verifying identities with advanced biometrics was already a challenge—then along came AI-generate...
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Record-Breaking Fines on Banks for KYC/AML Non-Compliance
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...
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Blog
The Real Cost of Convenience: Securing
E-Commerce in the Age of Instant Gratification
In just a few years, E-commerce has transitioned from a simple, modern convenience to the backbon...
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Blog, Identity & KYC
4 Ways in which KYC for STO can Revolutionise the Crypto World
The year 2019 is expected to see a significant rise in STOs and have been called the future of bl...
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Blog
How biometrics in visa process reduce travel difficulties
Biometric technology is enhancing the travel industry in many ways. Factors that drive the secur...
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Blog
The Role of KYC Protocols in Safeguarding the Future of Cryptocurrency
Despite volatility in the crypto sector, millions of individuals access their services worldwide....
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Blog, Business Technology, Online Marketplace
Asian Banks push for greater Fintech to cut down AML Compliance cost
Asian Banks are now asking their regional and national regulators to allow more fintech in order ...
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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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Healthcare is the New Target of Criminals – What’s the Solution?
The healthcare sector has been facing many challenges due to coronavirus pandemic. Cybercrimes ha...
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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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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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Securing Business Operations with Address Verification in 2024
A key component of enhancing customer service and reducing fraud is gathering and validating addr...
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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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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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5 Benefits of Optical Character Recognition in the Classroom
Optical Character Recognition (OCR) goes beyond just processing documents and boosting businesses...
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Crypto as a Virtual Safe Haven for Russians Amid Sanctions
The Russia-Ukraine conflict has had some serious effects on the global financial landscape. While...
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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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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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Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help
Since the start of civilization, humans have used money in several different ways, and throughout...
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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 Business (KYB) | Ensuring Financial Security
The Know Your Business solution standard verifies a company’s legal standing and confirms i...
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Louisiana Age Verification Compliance Updates 2024
Age verification is crucial for online tasks like purchases and communication. The inte...
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6 in 10 Leaders Aren’t Ready for Deepfake Fraud Threats
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Identity Verification | A Complete Guide to Compliance and Risks
The United Nations says $2 trillion is laundered globally every year. Of that, less than 10% is d...
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An inside look at the need for AML in the e-gaming industry
Data analytics and trends show the penetration of the population into console-based online video ...
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KYC Checks in Crypto | A Key to Secure Digital Assets
In the last thirteen years, the crypto industry has redefined the financial sector. At the same t...
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Artificial Intelligence, Blog
How Augmented Intelligence is next stop in ID Verification Services?
Augmented intelligence (AI), also referred to as intelligence augmentation (IA) and cognitive aug...
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Blog
Understanding Facial Identification: Face Verification vs. Face Recognition
Many terms in the biometrics field are used interchangeably, particularly regarding facial verifi...
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Blog
Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification
Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...
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Blog, Online Marketplace
KYC for Banks: Reducing financial risk with a perfect digital solution
The banking sector has to tread a very balanced path between compliance regulations and customer ...
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Blog
Romance Scams: Protect Your Heart and Wallet with Identity Verification
People searching for love online sometimes meet the unfortunate fate of a broken heart and someti...
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Blog
The 5 Pillars of Anti-money Laundering Compliance
Imposters often “launder” money acquired through illegal activities, like drug trafficking, so th...
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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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Blog
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, Identity & KYC
Digital KYC Streamlines Customer On-boarding Process
Shufti brings forth digital KYC verification services to perform identity verification proces...
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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Fraud Prevention, Identity & KYC
Initial CCPA Compliance Costs Could Hit $55 Billion: Report
According to an economic impact assessment prepared for the state attorney general’s office by an...
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