quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Shufti Bagged “Product Leader” Award with 92% Customer Satisfaction

bagged news

Shufti, an AI-powered identity verification services provider has won the Product Leader 2020 award and Happiest Customers 2021 award presented by Crozdesk, a most advanced business software platform. 

Shufti is a major identity verification services provider acclaimed globally for its robust technology to provide a high accuracy rate of 98.67%. In a span of three years, Shufti has grown to become one of the most reliable companies in the identity verification industry, assisting customers from around the globe with swift and secure KYC, KYB, and AML services. 

Recognising its efforts in continuously enhancing its AI technology to develop a seamless solution to fight various types of identity fraud and offering customer-centric services, Crozdesk declared Shufti the winner of Product Leader 2020 and Happiest Customers 2021 award. Shufti has been rewarded after analysing various factors including its innovation, its cutting-edge technology, highly accurate results, swift services, and 92% customer satisfaction rate. 

CEO of Shufti, Victor Fredung, talking about this occasion, “Shufti was developed with a vision to provide businesses with a swift and reliable technology that will streamline their identity verification needs and enhance their customer experience. These awards are proof that we are achieving what we set out for. The team Shufti couldn’t be more delighted and we feel even more motivated to continue providing the intelligent solutions and keep our customer even happier.” 

Related Posts

News

New Bitcoin scam hits Canada

According to a report, a supposed Bitcoin (BTC) scam is now targeting residents of Winnipeg, Cana...

New Bitcoin scam hits Canada Explore More

News

Florida Man Charged $784 Million in Massive Healthcare Fraud

Creaghan Harry, a man from Florida was indicted of $784 million for committing healthcare fraud a...

Florida Man Charged $784 Million in Massive Healthcare Fraud Explore More

News

Twitter Reveals Plans of Addressing Deepfakes

Last month, Twitter announced that it was working on plans to better handle the rising issues of ...

Twitter Reveals Plans of Addressing Deepfakes Explore More

News

Fake NFT Sold for £244k from Artist “Banksy’s” Website

A fake link directed bidders to an online auction for Banksy’s NFT, which was posted on the now-d...

Fake NFT Sold for £244k from Artist “Banksy’s” Website Explore More

News

Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’

A small business lobbying group has sued the Treasury Department over asking more than 30 million...

Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’ Explore More

News

Bahrain sentences three money-laundering suspects to prison

Bahrain fined three suspects of $9 million and sentenced them to prison in the Future Bank case. ...

Bahrain sentences three money-laundering suspects to prison Explore More

News

ID Theft to Drive Majority of the Online Payment Frauds in 2021

Online payment fraud losses will exceed $206 billion over the next few years and the majority of ...

ID Theft to Drive Majority of the Online Payment Frauds in 2021 Explore More

News

Brazil’s financial regulator launches regulatory blockchain

The Banco Central do Brasil (BC) recently declared the launching of a new blockchain platform cal...

Brazil’s financial regulator launches regulatory blockchain Explore More

News

Increasing Money Laundering Fines for Banks After Lockdown

Despite the delays in enforcement activities due to lockdown, the globally issued money launderin...

Increasing Money Laundering Fines for Banks After Lockdown Explore More

News

AUSTRAC New Risk Assessment Report on Banking Sector Warns Brokers of High ML/TF Risk

The brokers knowingly allowed the loans to be repaid with illicit funds, states the report.  AUST...

AUSTRAC New Risk Assessment Report on Banking Sector Warns Brokers of High ML/TF Risk Explore More

News

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt

Binance helped its rival crypto exchange, Huobi Global, recover the amount taken in a bridge expl...

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt Explore More

News

Identity Thieves on the Hunt for Universal Credit Payments

The UK’s Department for Work and Pension (DWP) has been warning people for not repaying for the b...

Identity Thieves on the Hunt for Universal Credit Payments Explore More

News

EU to Investigate Google and Facebook’s Data Collection Practices

The European Union has begun preliminary investigations into the data collection practices of Goo...

EU to Investigate Google and Facebook’s Data Collection Practices Explore More

News

FinCEN Launches Regulatory Process For AML Regulation on Antiquities

The ANPRM discusses how antiquities trade can be exploited by money launderers and terrorist fina...

FinCEN Launches Regulatory Process For AML Regulation on Antiquities Explore More

News

Aussies Bombarded With Scams in 2022 – ACCC Report

The Australian Competition and Consumer Commission (ACCC) reported Aussies as the top target of s...

Aussies Bombarded With Scams in 2022 – ACCC Report Explore More

News

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime

The Central Bank of Turkey is to ban the use of cryptocurrency payments by 30th April. This initi...

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime Explore More

News

Singapore Scammers Launder Money Through Online Gambling

Singapore police seized US $736 million worth of cryptocurrencies and virtual assets from money l...

Singapore Scammers Launder Money Through Online Gambling Explore More

News

Hacker steals $250K by exploiting Bitcoin exchange Bisq

A hacker identified a significant software flaw on the decentralized Bitcoin exchange, Bisq, to s...

Hacker steals $250K by exploiting Bitcoin exchange Bisq Explore More

News

Jamaica Nears Full Compliance by Meeting 37 of 40 FATF Recommendations

Jamaica now complies with 37 out of 40 FATF recommendations for better prevention of financial cr...

Jamaica Nears Full Compliance by Meeting 37 of 40 FATF Recommendations Explore More

News

Department of Finance Announces Commencement of South Africa’s New AML/CTF Laws

Department of Finance has announced the start date for South Africa’s new Anti Money Laundering a...

Department of Finance Announces Commencement of South Africa’s New AML/CTF Laws Explore More

News

Kuwait Bans Crypto-Related Activities to Combat Money Laundering

The government of Kuwait banned all crypto-related activities on July 18th, including mining, tra...

Kuwait Bans Crypto-Related Activities to Combat Money Laundering Explore More

News

UK’s Financial Watchdog Goes Real-time to Catch Online Criminals

The FCA is sweeping the internet on a day-to-day basis to pull out cybercriminals, as the number ...

UK’s Financial Watchdog Goes Real-time to Catch Online Criminals Explore More

News

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market

The Securities and Exchange Commission (SEC) has noted that the Identity Management System will d...

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market Explore More

News

Fraudulent crypto exchange shut down by UK High Court

The UK High Court has designated the Official Receiver as liquidator of GPay Ltd, the cryptocurre...

Fraudulent crypto exchange shut down by UK High Court Explore More

News

Cybercrime to Surge in Cryptocurrency Even in Post COVID-19 Economy

According to a report by Kaspersky Lab about cybersecurity and antivirus, in the post-COVID-19 wo...

Cybercrime to Surge in Cryptocurrency Even in Post COVID-19 Economy Explore More

News

Central Bank Of China Tightens Financial Regulations to Curb Money Laundering

The Central Bank of China is tightening financial regulation to put limits on transactions, aimin...

Central Bank Of China Tightens Financial Regulations to Curb Money Laundering Explore More

News

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation

Star Entertainment Group experienced a major loss of $1.26 billion during the first half of 2023,...

Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation Explore More

News

Ripple CEO urges US Regulators to embrace Crypto

Brad Garlinghouse, CEO Ripple has encouraged the US regulator “to step up and lean into digital c...

Ripple CEO urges US Regulators to embrace Crypto Explore More

News

FATF Issues Guidance for AML/CFT Digitization of FIUs

FATF published a report in collaboration with the Egmont group discussing why and how FIUs should...

FATF Issues Guidance for AML/CFT Digitization of FIUs Explore More

News

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings

The Dutch Central Bank (DeNederlandscheBank) has charged Coinbase for having ineffective anti-mon...

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings Explore More

News

FATF puts Morocco on the Gray List for Pervasive Money laundering

Financial Action Task Force, the global regulatory watchdog for money laundering, has placed Moro...

FATF puts Morocco on the Gray List for Pervasive Money laundering Explore More

News

Australia to Ban Credit Cards for Online Gambling to Prevent Payment Fraud

The Australian government will soon ban online gambling with credit cards. The government will in...

Australia to Ban Credit Cards for Online Gambling to Prevent Payment Fraud Explore More

News

Taiwan Bans Four Foreign Banks for Breaching FX Regulations

The Central Bank of Taiwan has penalized four foreign banks for assisting 8 major grain companies...

Taiwan Bans Four Foreign Banks for Breaching FX Regulations Explore More

News

FATF International Cooperation Review Group Meet in Mauritius to Discuss UAE’s Position on the Gray List

Despite ongoing financial crime, the US and several other Western countries have paid no heed to ...

FATF International Cooperation Review Group Meet in Mauritius to Discuss UAE’s Position on the Gray List Explore More

News

FATF to Conduct Checks & ‘Gray List’ Countries to Enforce Crypto AML Regulations

Global financial watchdog FATF has planned to perform checks and ‘grey list’ countries to ensure ...

FATF to Conduct Checks & ‘Gray List’ Countries to Enforce Crypto AML Regulations Explore More

News

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft

Amazon said on Thursday, that it is going to challenge a $10 billion contract awarded to Microsof...

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft Explore More

News

Turkey to Face FATF’s Gray List Over Inadequate AML Practices

FATF is set to grey list Turkey over AML shortcomings, a move that is likely to affect the countr...

Turkey to Face FATF’s Gray List Over Inadequate AML Practices Explore More

News

EMLCU Reviews Egypts Efforts to Fight Financial Crime

Chairman of EMLCU (Egyptian Money Laundering and Terrorist Financing Combating Unit) Ahmed Saeed ...

EMLCU Reviews Egypts Efforts to Fight Financial Crime Explore More

News

2021 to Set New Record for Most Data Breaches in a Year

Studies have shown a staggering 1,291 data breaches till the end of September this year, exceedin...

2021 to Set New Record for Most Data Breaches in a Year Explore More

News

Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures

Seychelles has upgraded and implemented 5 FATF recommendations to strengthen anti-money launderin...

Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures Explore More

News

United Nations Calls for a Pact to Fight Financial Crimes

United Nations’ panel of experts has called on the governments around the world to take part in e...

United Nations Calls for a Pact to Fight Financial Crimes Explore More

News

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance

The Cyprus Securities and Exchange Commission (CySEC) warned the Cyprus Investment Firms (CIFs)  ...

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance Explore More

News

UAE Issues Deadline for Businesses to Register for AML System

The Ministry of Economy has highlighted the businesses that must register for the AML system. All...

UAE Issues Deadline for Businesses to Register for AML System Explore More

News

Japan Crypto Regulator States Easing of Restrictions Must Wait

The Japanese financial regulator FSA is reluctant about easing regulatory requirements for the cr...

Japan Crypto Regulator States Easing of Restrictions Must Wait Explore More

News

EU Watchdog Takes Deep Dive Into Banks’ Use of Technology

EU’s banking watchdog has recognized the need for RegTech solutions and proper regulatory standar...

EU Watchdog Takes Deep Dive Into Banks’ Use of Technology Explore More

News

Supreme People’s Court of China to Impose Severe Penalties for Financial Crimes

China’s top courts are set to impose heavier punishments to prevent financial crimes and mitigate...

Supreme People’s Court of China to Impose Severe Penalties for Financial Crimes Explore More

News

Banks Ordered by BSP to Enhance the Filing of Suspicious Reports

MANILA, Philippines – In an attempt to ramp up its fight against financial crimes, the Bang...

Banks Ordered by BSP to Enhance the Filing of Suspicious Reports Explore More

News

European parliament imposes ban on facial recognition technology

Following a public outcry after the leak of an internal memorandum discussing the utilization of ...

European parliament imposes ban on facial recognition technology Explore More

News

NCA Seizes Gold Bars Worth £650,000 from Money Laundering Network

The National Crime Agency has found a forfeiture order for 15 gold bars that are worth £650,000. ...

NCA Seizes Gold Bars Worth £650,000 from Money Laundering Network Explore More

News

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report

South African banks have moved up into the high-risk category in the new report from the Prudenti...

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report Explore More

News

€18 Million of Illicit Cash Flows Undetected Across 25 EU States in Two Weeks

A major customs operation, BELENOS, by the French Customs authorities, has unveiled an illicit fl...

€18 Million of Illicit Cash Flows Undetected Across 25 EU States in Two Weeks Explore More

News

SFC Imposed a HK$9 Fine on RIFA Future for KYC Failings

RIFA Limited was charged by the domestic regulatory authority of Hong Kong, the Securities and Fu...

SFC Imposed a HK$9  Fine on RIFA Future for KYC Failings Explore More

News

Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List Explore More

News

Alibaba copyrights blockchain system that detects music copycats

Granted by the U.S. Patent and Trademark Office on April 21, the method as described by the Chine...

Alibaba copyrights blockchain system that detects music copycats Explore More

News

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations

Janet Yellen, incoming Secretary of the US Treasury has announced that AML legislation is the mos...

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations Explore More

News

Revised Financial Regulations in South Korea Now Covers Crypto Investors

The financial regulators in South Korea announced that domestic crypto investors would be covered...

Revised Financial Regulations in South Korea Now Covers Crypto Investors Explore More

News

Shufti Introduces Digital COVID Pass for COVID Test Verification

Shufti has launched a Digital Covid Pass solution to promptly verify the COVID PCR-test repor...

Shufti Introduces Digital COVID Pass for COVID Test Verification Explore More

News

UK Exposed to Significant Trade-based Money Laundering Risks Post-Brexit

Risks related to trade-based money laundering in the UK are expected in the upcoming years, accor...

UK Exposed to Significant Trade-based Money Laundering Risks Post-Brexit Explore More

News

UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers

Facial recognition instead of Emirates ID card readers will now verify identity. The Federal Auth...

UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers Explore More

News

HMRC Fines Real Estate Agencies £500,000 for Anti-Money Laundering Violations

HMRC has issued a total of  £519,645 in fines to 68 estate agents that failed to comply with rule...

HMRC Fines Real Estate Agencies £500,000 for Anti-Money Laundering Violations Explore More

News

Ghana Records $4.33m Financial Losses to Cyber Fraud in Q1’23

Ghana suffered direct financial losses of US $4.33 million due to cyber fraud activities between ...

Ghana Records $4.33m Financial Losses to Cyber Fraud in Q1’23 Explore More

News

Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering

The Financial Intelligence Unit of Liberia has established the Inter-governmental Action Group Ag...

Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering Explore More

News

Taiwan Finalise New Regulations for Offshore Crypto Exchanges

Taiwan is set to disclose new obligations for offshore crypto exchange companies, with rigid Anti...

Taiwan Finalise New Regulations for Offshore Crypto Exchanges Explore More

News

FINTRAC Warns of Online Gambling Platforms Being Utilized for Money Laundering

Canada’s financial intelligence unit warns that illicit cash is being laundered through online ga...

FINTRAC Warns of Online Gambling Platforms Being Utilized for Money Laundering Explore More

News

Kenya Accuses Two Leading African FinTech Firms of Operating Without Licenses

Two of Africa’s top FinTech companies have been accused by the Kenyan central bank of alleg...

Kenya Accuses Two Leading African FinTech Firms of Operating Without Licenses Explore More

News

ML/TF Legislation for Art Industry Labeled ‘Damaging and Unjust’

Cinoa, the international art & antiques dealers’ association has issued an open letter signed...

ML/TF Legislation for Art Industry Labeled ‘Damaging and Unjust’ Explore More

News

CBUAE Revokes Dollar Exchange’s Licence over Regulatory Misconduct

The UAE Central Bank has revoked the licence of a dollar exchange house after it failed to keep a...

CBUAE Revokes Dollar Exchange’s Licence over  Regulatory  Misconduct Explore More

News

FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations

The Financial Market Authority (FMA) has issued a formal warning to Pencarrow Private Equity Mana...

FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations Explore More

News

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations

Coinbase, The American cryptocurrency exchange platform, has agreed to pay $100 million in a sett...

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations Explore More

News

AUSTRAC New Risk Assessment Report on Banking Sector Warns Brokers of High ML/TF Risk

The brokers knowingly allowed the loans to be repaid with illicit funds, states the report.  AUST...

AUSTRAC New Risk Assessment Report on Banking Sector Warns Brokers of High ML/TF Risk Explore More

News

North Korean bankers charged in $2.5 billion money-laundering scheme

The US Department of Justice recently revealed criminal charges against about twenty-four North K...

North Korean bankers charged in $2.5 billion money-laundering scheme Explore More

News

“Walk the Talk” – RUSI Calls On FATF to Promote Financial Inclusion

RUSI has called out the FATF for not actively promoting financial inclusion as part of its primar...

“Walk the Talk” – RUSI Calls On FATF to Promote Financial Inclusion Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started