Blog
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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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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Blog, Identity & KYC
KYC/AML Compliance in light of FinTRAC
Witnessing the updated AML/CTF regime; the guidelines by FinTRAC regarding ID verification have b...
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Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)
During the last few decades, the financial industry has altogether revolutionized, and digital tr...
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KYC alternatives disrupting traditional KYC methods
Technology is building bridges between businesses and consumers across the barriers of distance a...
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Effectiveness of the UK’s Economic Crime Bill in Combating Financial Crime
The Russian invasion of Ukraine has resulted in a surge in financial crimes in the UK as Russian ...
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AML Compliance in the UK’s Financial Sector – What Shufti Offers
The UK is known in the global financial paradigm for being both a financial hub and the dirty mon...
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Transaction Screening Vs Transaction Monitoring | What’s the Difference?
Transaction screening and transaction monitoring are critical in money laundering, counter-terror...
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All You Need to Know About Facial Recognition
Rapid digitisation over the past few years has led to the adoption of facial recognition for many...
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5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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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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ICOs blocking investors from USA and China – Why and How?
Initial Coin Offerings, more commonly known as ICOs, are all the rage in modern day financial wor...
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What is KYC and Why is it Important for Crypto Exchanges?
Cryptocurrencies are causing significant disruptions in the financial world. Cryptograp...
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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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Fraud Prevention – Challenges, Strategies, Best Practices, and Technologies
The twenty-first century is by far the most revolutionary time in the history of humans in terms ...
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OCR Reader | How Does it Streamline the IDV Process?
The unprecedented growth in business automation has created a competitive market where businesses...
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All You Need to Know About Facial Recognition
Rapid digitisation over the past few years has led to the adoption of facial recognition for many...
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Blog
Biometric Identification revolutionizing the world in 2020
Every day we come face to face with new technology innovations that leave us awestruck. From the ...
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Blog
AML Solutions: Eliminating the Risks of Money Laundering
Money laundering is a serious crime that can have serious and long-term consequences for your bus...
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Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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Blog
Fighting identity fraud with AI-enabled ID document verification
It’s no secret that identity fraud has become one of the most increasing problems for online busi...
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Blog, Financial Crime / AML
AML Screening in the light of Compliance Regimes Around the Globe
AML compliance is inevitable for all types of businesses around the globe. The regulatory complia...
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4 Industries Where OCR Technology Can Work Wonders
Today, online businesses need to meet the constantly evolving customer needs to survive market co...
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Top 8 Facial Recognition trends to watch in 2020
Facial recognition has been gaining prominence in recent times, owing to the benefits it offers o...
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Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
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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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Top 5 Use Cases of Face Verification in the Digital Age
As novel applications and products are released every day, the use cases of face verification tec...
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Facial Recognition: A Technology for Online Businesses to Prevent Fraud
Today, biometric technology has traditionally established itself and has become an integral part ...
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Blog
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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Blog
Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
Global Economies are joining forces with FATF against money laundering
Financial Action Task Force (FATF) has been very keen on eliminating financial crime (money laund...
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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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Know Your Patient (KYP) – the next big thing in health care
Its high time the hospital industry must think beyond providing just giving medical assistance to...
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Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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Blog
Fighting identity fraud with AI-enabled ID document verification
It’s no secret that identity fraud has become one of the most increasing problems for online busi...
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Blog
Disruptive Fintech Trends 2020
Fintech has changed the way consumers access their finances. From mobile payment apps to insuranc...
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Blog
Integrated Compliance Management – Mitigating the Regulatory Risks
Businesses operating in the financial sector often face organizational and compliance challenges....
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Blog
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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Blog
Biometric Identification revolutionizing the world in 2020
Every day we come face to face with new technology innovations that leave us awestruck. From the ...
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Blog
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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Blog, Financial Crime / AML
Challenges of AML Compliance under FinCEN
AML Compliance for US based Cryptocurrency companies has been tightened by Financial Crimes Enfor...
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Blog
Japan’s Act on Personal Information Protection – What Businesses Must Do
New and emerging ways to bypass verification checks have allowed fraudulent entities to breach th...
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Blog, Identity & KYC, Online Marketplace
How KYC for ICOs can Make Cryptocurrency Great Again?
Give people a mode of money transaction free from banks. That was the thought behind cryptocurren...
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Blog
The Most Frequently Asked Questions About Perpetual KYC
Maintaining the accuracy of customer data presents a considerable challenge. Automating it has tr...
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Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
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Blog
Key Takeaways From Shufti’s ID Fraud Report 2021
The year 2021 was all about determining and reducing the growing number of biometric identity fra...
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Blog
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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Blog
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, Fraud Prevention
What is Loan Fraud and How to Detect it?
Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...
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Blog
How ID Verification Helps in Fighting Digital Scams?
ID VERIFICATION: Digital scams are common phenomena and it affects all types of businesses in eve...
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Blog
Enhance Time Efficiency with Shufti’s KYC Solution
The Past
Quick and secure e-KYC verification might not have been of importance in the days prior ...
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Safeguarding Telecommunication Industry with Robust ID Verification Solutions – What Shufti Offers
Technology transformation, growing transactions and global digitisation are increasing the potent...
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AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector
There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...
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Blog
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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Blog
AML & KYC Compliance – 5 Ways AI is Supporting the Fight Against Financial Crimes
Reforming AML & KYC Compliance Structures for Financial Institutions
The capabilities ...
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Blog, Identity & KYC
How ID Verification via OCR can transform Digital World?
ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...
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Blog, Reg Tech
Shufti GDPR Review 2018: How we protected our clients from regulatory fines?
Shufti stands out in KYC industry not only because of its highly customizable and global iden...
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Blog
Prevailing Crimes in Metaverse – How Shufti’s IDV Solution Can Help
Metaverse is a virtual space where people belonging to the same or different physical regions can...
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Blog
Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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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
Shufti’s Ongoing AML Solution to Prevent Transaction Laundering
Online financial criminals are always finding newer ways to exploit financial infrastructures in ...
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Blog
Facial Recognition Technology Pioneered at Olympic and Paralympic Games Tokyo 2020
Facial recognition has grown by leaps and bounds with the arrival of the sophisticated pattern-ma...
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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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Blog
COVID Certificate Verification – Mounting Cases of Worldwide COVID-19 Fraud
Where the coronavirus pandemic has been all about social safety protocols and vaccine distributio...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Data Breaches – Types, Sources, and Preventive Measures
A large number of well-renowned companies are under the threat of high-scale data breaches. After...
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Blog, Identity & KYC
Can Identity Verification Services be Cheated by Hackers?
The latest intervention in the industry of fraud prevention services is identity verification ser...
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Blog
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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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
AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance
With technology evolving every day, online gambling is one of the sectors that has revolutionized...
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Blog
Travel Fraud and the Crucial Role of e-IDV
The travel sector is booming in this age of digitisation, and air travellers are estimated to dou...
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Blog
Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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