Blog, Online Marketplace
Fraud Prevention in Real Estate Industry
Fraud prevention tools that include3rd-party KYC service providers are essential in the real esta...
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AI-Powered OCR to replace data entry in 2020 – A detailed insight
Living in the data-driven world, there is a huge demand for storing data from printed or handwrit...
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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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What to expect from Booming Identity Verification Market in 2020?
Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...
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10 Ways to Eliminate Business Fraud with Robotic Process Automation (RPA)
One of the prime concerns of businesses today is detecting and mitigating the risk of fraud. This...
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2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals
Passwords continue to be a low-hanging fruit for cybercriminals.
Approximately 15 million record...
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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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Establishing trust in Open Banking through Identity Verification
Over the last few years, open banking is becoming an emanated global trend. This rising trend is ...
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Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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EU’s Upcoming Regulation for Cryptocurrency ‘Wild West’
The use of cryptocurrencies as an integral part of criminal schemes is growing immensely. However...
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China’s Data Protection and Privacy Laws | 2023 Update
China has witnessed massive growth in the last few decades. However, the rise of the digital econ...
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How Artificial Intelligence is taking ID verification to the next level?
Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...
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Blog, Business Technology, Identity & KYC
6 Digital Solutions for Banks to Help with KYC
Digital KYC: For banks, streamlining the customer onboarding is essential. The manual way of ente...
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AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?
In today’s continuously evolving world, businesses should not only focus on the revenue they gene...
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Uncovering 5 Holiday Season Scams and How to Avoid them this Year
‘Tis the season when the best deals of the year are attracting customers towards online shopping ...
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What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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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, Online Marketplace
Benefits of KYC services for Money Services Operators
Money service operators are at the forefront of international financial system as they help with ...
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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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How Does Digital Identity Verification Work For Income Verification
With the help of income verification documents, organisations can restrict the onboarding of high...
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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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5 Key Questions about Facial Recognition Answered by Experts
Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...
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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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Money Laundering Spikes High in the Gulf Region – What’s Next?
Given the rapid increase in FinCrime, the Gulf region is now working day in and day out to impose...
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Brazil’s Updated Regulatory AML Guidelines for 2023
Money laundering, corruption, and drug trafficking are prevalent issues in Brazil, the world’s se...
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Liveness Detection and IDV: An Overview of Biometric Facial Recognition
Identity fraud and cybercrime have significantly surged in the past few years. Deepfake technolog...
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Blog, Identity & KYC
ICOs and KYC Compliance
With the surge in digitalisation of payments and crowdfunding; the need to set proper standards f...
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Money Laundering in the Metaverse – NFTs, DeFi, and the Role of Shufti’s AML Solutions
For more than a decade, the metaverse concept has been picking up pace, and the world is preparin...
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How Identity Verification Eliminates Social Media Scams to Enhance User Experience
Social media has experienced exceptional growth in the past decade as a result of advancements in...
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A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses
Most of our processes, including financial and business dealings, have now shifted to online plat...
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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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ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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What Makes the Automotive Industry a Vehicle for Money Launderers
The automobile industry is the world’s biggest revenue-generating sector. In the global aut...
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Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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How Businesses Can Leverage Optical Character Recognition Technology in 2023
Optical Character Recognition (OCR) has revolutionised how businesses gather, process, and analys...
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DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud
Healthcare remains one of the most lucrative industries for criminals with nearly $272 billion lo...
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Top 5 Cryptocurrency Trends to Look Out for in 2023
2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...
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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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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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A Detailed Insight into the Best Practices for Digital Currency Providers
The world has seen an overwhelming rate of development in the cryptocurrency sector with Centrali...
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The UK, US & Singapore – A Spotlight on the Crypto Regulations
Non-compliance with anti-money laundering regulations has been an issue for the finance and crypt...
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Securing Digital Landscape with Electronic Identity Verification Services in 2023
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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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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Embedding online identity verification methods for enterprise security
The internet knows a lot about us now. And businesses are using this information to verify our di...
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E-KYC – The Next Step in the Evolution of KYC Verification
As the world shifts to digital applications, financial operations are being automated for added c...
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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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Legal Entity Identifier (LEI) — What it means and how it helps financial institutions?
The need for trusted digital communication in this age is crucial due to increasing cybercrimes. ...
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Blog
2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals
Passwords continue to be a low-hanging fruit for cybercriminals.
Approximately 15 million record...
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Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks
Businesses are under constant threat of financial damage. This is primarily because cybercriminal...
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Online Video KYC: Eliminate the Risks of Identity Theft
The growing danger of cybercrime and data breaches has heightened the demand for effective verifi...
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Artificial Intelligence, Blog, Identity & KYC
How Biometric Technology is Shaping Up for 2020
The verification of individuals for security measures has become remarkably important for organiz...
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What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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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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How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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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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Understanding AML Sanction Lists: Key Global Regimes and their Importance
Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...
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How Optical Character Recognition Improves the Process of Identity Verification for Businesses
Evolving technologies have created a competitive market where every business strives to optimize ...
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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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OCR technology for businesses – Its applications and benefits
Optical Character Recognition (OCR) technology provides a business solution that automates data e...
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Fintech 2021: KYC/AML Bringing New Innovation to the Table
2020 was all about surviving the pandemic, but it has also kickstarted a new wave of innovation. ...
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Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders
For quite some time, wealthy Russian businessmen and oligarchs have been investing their money in...
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Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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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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An Insight into Money Laundering Through the UAE’s Gold Industry
Since the beginning of time, gold has been considered a medium for payment and trading with its e...
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Impact of Beneficial Ownership Transparency on Real Estate Crimes
The high price tags of real estate in the US open doors for corrupt politicians, kleptocrats, and...
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Debunking the Top 5 Misconceptions about KYC Compliance
Know Your Customer (KYC) compliance suffers from the issue of unintentional secrecy. Businesses h...
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Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022
Estonia’s financial institutions are developed and ensure transparency as its laws are well-defin...
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Know Your Investor (KYI)- Ensuring Seamless Investor Onboarding for the Investment Industry
With global stock markets skyrocketing, the wealth, asset and investment sector is under growing ...
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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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