Blog
A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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Blog
Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Blog, Identity & KYC
KYC Compliance – Strengthening Fraud Prevention Across the Globe
Know Your Customer (KYC)
The widespread availability of the internet has made our world more con...
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Blog
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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Know Your Patient – Eliminating Fraud and Crime in the Healthcare Sector
The digital transformation has reached the healthcare sector with new remote onboarding options f...
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Blog
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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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, 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, Online Marketplace
Why Millennials don’t care about Conventional Banking Services?
Millennials are different from the baby boomer generation. They earn less than what the previous ...
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Blog
The New Face of Authentication (*hint: you’ve seen it before!)
Companies face the daunting tasks of securing their data against the evolving threat of fraud whi...
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Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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Perpetual KYC: The Future of Due Diligence in the Financial Industry
Digital transformation is paving the way for quick growth in the compliance sphere. However, regu...
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Blog
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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Blog
Paradigm Shift amid Corona – Online sales to take outstanding growth
Coronavirus outbreak is proving to be catastrophic for the world with global cases reaching 2,495...
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Gold Industry and Prevailing Financial Crimes – How Shufti’s AML Screening Can Help
Using gold for financial crimes has a long history and in many countries, jewellery is not only c...
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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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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Blog
5 Reasons to Invest in Intelligent Character Recognition Services
Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...
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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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Know Your Donor – Securing NPOs and Charities Through KYD/AML Solution
Emerging technologies and growing digitization have increased financial crime risks in Non-Profit...
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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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Blog
Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud
With emerging technologies, the demand for online services and products is skyrocketing, raising ...
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Blog
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, Financial Crime / AML
FSA demands greater AML Compliance from Japanese Crypto Exchanges
In a recent move, Financial Services Agency (FSA), the Japanese Financial regulator, has demanded...
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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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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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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
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, Identity & KYC
Which KYC Documents are Required for Customer Verification?
Name, Rank, Brigade, and Serial Number. That’s the only information military organizations across...
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Blog
FINTRAC Amends PCMLTFA – More AML Requirements for Reporting Entities
The rise in money laundering, terror financing and other financial crime has encouraged regulator...
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Blog
Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions
The promise of payments technologies is being realized. Consumers are executing frictionless paym...
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Blog
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, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog, Business Technology
Why have IPOs started Implementing Digital KYC?
Have you heard the phrase “I’m afraid we have to go public Mark”, well then you are on right page...
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Blog, Identity & KYC
Why You Need To Know Your Buyer
Online payments are fast replacing cash transactions with the top payment companies harboring 1bi...
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Blog
KYC/AML Compliance – Eliminating Financial Crime in Challenger Banks
Challenger banks have emerged in the financial services paradigm by bringing digital innovations ...
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Blog
Know Your Business – What Does it Mean & How can it Protect Your Company?
Businesses that offer their services to other businesses, instead of individual consumers, have t...
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Blog
Securing Public Facilities with Touchless ID Verification Kiosks
Due to the coronavirus pandemic, social distancing became the utmost need of the hour. Given the ...
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Blog, Identity & KYC, Online Marketplace
Utilising Digital Identity Verification for Imparting Better Healthcare
The importance of patient identification and verification is crucial in the healthcare sector. Ac...
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Blog
Biometric Authentication | Understanding the Significance of Facial Recognition
Data security and identity verification have come a long way since the inception of knowledge-bas...
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Blog, Financial Crime / AML
“Brexit” Greasing the Wheel of Money Laundering
Brexit is in the global news for many years. The reason is that several countries have their stak...
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Blog
Youtube Stepping up to Protect Minors’ Data Online
The explosion of the internet and mobile devices has paved new ways for marketers and Cybercrimin...
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Blog
Difference between KYC and AML
The growing Fintech industry leads to an increased demand for KYC and AML compliance requirements...
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Blog
Know Your Donor (KYD) – Eradicating Financial Crimes in NPOs and Charity Organizations
In 2020, US citizens alone donated more than $471 billion to charities. This generosity ultimatel...
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Blog
The Evolution of Video KYC: Revolutionise the Fintech Industry
FinTech encompasses financial organisations’ use of computing and communications tools to b...
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Blog
A Brief Insight into Safe Havens for Russian Oligarchs
The recent Russia-Ukraine conflict has sparked the West to impose sanctions targeting the Russian...
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Blog
Anti-Money Laundering Challenges Faced by the Fintech Industry
Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...
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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
5 Ways How AI Is Uprooting Recruitment Industry
Artificial Intelligence is strengthening its position in many industries and the recruitment indu...
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Blog
EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?
From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...
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Blog
China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Blog
Video KYC (VKYC) | Identity Verification and Fraud Prevention
In the last few years, the verification industry has experienced remarkable expansion. As our tec...
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Blog
Top 10 Technology Trends in the Travel Industry to watch for in 2022
The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...
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Blog
5 Key Questions About KYC Compliance to Look Out for in 2021
With the COVID-19 pandemic bringing challenges every day for businesses, the rate of identity fra...
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Blog
Top 5 Technologies Disrupting the Healthcare Sector
Within the next five years, experts are anticipating major technological disruption in the 808 bi...
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Blog
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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Blog
Source of Funds | A Critical Step in Mitigating the Risk of Money Laundering
As the world continues on a path of digitization, business operations persist to undergo signific...
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Blog
COVID-19: An opportunity for financial sector to expand digital transformation
A sudden epidemic swept across the world, and it had an impact on our lives, work, and even the p...
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Blog
Biometric Authentication Technology – Everything you Need to Know
Nowadays businesses are looking for more secure systems for the sole reason of customer authentic...
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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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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
Know Your Investor | Simplify the Onboarding Process
Businesses at any stage need to onboard credible partners and investors who bring in capital and ...
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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
Source of Funds | A Critical Step in Mitigating the Risk of Money Laundering
As the world continues on a path of digitization, business operations persist to undergo signific...
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Blog
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
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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Blog
Rising Concerns of Money Laundering and the Role of Global Financial Sanctions
Since 9/11, money laundering has become a global issue that has raised alarms for financial watch...
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Blog
Understanding the Difference Between CIP and KYC
Financial institutions worldwide, including banks, lenders, credit unions, insurers, and other en...
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Blog
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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Blog
Rise of Money Laundering in UAE – How Financial Institutions Can Comply with New Regulations
The UAE certainly earned its spot in the top 10 global financial centers with unprecedented growt...
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Blog, Identity & KYC, Reg Tech
RegTech: The Case for Financial Inclusion
The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...
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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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