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 Unveils New Product NFC Verification for NFC Based Identity Verification

Shufti pro

Shufti has launched a new product, NFC Verification, that uses Near Field Communication technology to verify chip-based identity documents such as e-ID cards, e-passport, and e-driving license. NFC Verification will allow us to provide our customers with a highly accurate IDV solution and vastly improve the user experience.

Governments around the world are increasingly adopting chip-based ID documents. Even the EU has a regulation that obligates the use of chip-based ID documents. It is expected that by the end of 2021, the number of e-IDs will increase up to 3.6 billion. This has raised the need for an NFC-based identity verification solution that can swiftly verify chip-based ID documents. The demand for NFC technology is on the rise as 81% of smartphones are now NFC-enabled. 

The e-ID documents have a chip embedded in them that encrypts the personally identifiable information of the user. NFC Verification will now use the NFC technology to swiftly and automatically extract the encrypted information from the chip and screen it against the information on the ID document to ensure its authenticity.

With the help of NFC Verification, we can now provide a smooth customer experience to our clients along with a reliable solution that can now swiftly and more accurately identify fake, stolen, or doctored ID documents. 

How NFC Verification Work

  1. The end-user uploads the photo of the NFC-enabled ID document 
  2. The end-user taps the NFC chip of their ID document against the NFC reader on the smart device
  3. NFC Verification matches the data extracted from the NFC chip against the information on the ID document 
  4. The results are immediately delivered in real-time  

Our CTO, Shahid Hanif talks about the significance of NFC, “Due to the increase in the demand for digital IDs, the businesses are looking for a faster way for identity verification. Technology is evolving rapidly and being a global service provider it’s crucial for us to adopt the new trends in mainstream technology and provide our customers with a more reliable identity verification process. This will not only enhance the accuracy of results for our customers but will help them improve their customer experience by incorporating new technologies in the user verification journey.”

Putting the needs of our customers ahead has always been the aim of Shufti. Previously we got recognition with The Great User Experience Award for assisting our customers in streamlining their customer onboarding operations. Now with NFC Verification, we will cater to our customers’ needs by helping them and their customers with a seamless NFC-enabled ID verification solution. 

Related Posts

News

Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures

Anti-fraud experts are reporting concerns regarding the Liberals’ newly announced Canada Financia...

Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures 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

Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide

The International Criminal Police Organization Interpol has seized $130 million worth of virtual ...

Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide Explore More

News

Money Laundering and Drug Trafficking Account for Illicit Flow of US$ 1 Billion into Jamaica Annually

Reports have highlighted that money laundering, drug trafficking, and cybercrimes account for the...

Money Laundering and Drug Trafficking Account for Illicit Flow of US$ 1 Billion into Jamaica Annually Explore More

News

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts

Payment companies have proposed a set of best practices to avoid bank shutouts by protecting the ...

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts Explore More

News

Research for Implications of CBDC on the Rise in Australia

As of the November 2 announcement of the Reserve Bank of Australia, the country has partnered wit...

Research for Implications of CBDC on the Rise in Australia Explore More

News

Money Remittance in Singapore at the Highest Risk of TF

The money remittance sector and banking sector in Singapore has become the highest target for cri...

Money Remittance in Singapore at the Highest Risk of TF Explore More

News

NZ FMA Announces to Tighten AML/CFT Approach

FMA intends to closely monitor firms’ processes, with comprehensive assessments of how they onboa...

NZ FMA Announces to Tighten AML/CFT Approach Explore More

News

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures

The Anti-Money Laundering Body of the Council of Europe has stated that Hungary has improved its ...

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures Explore More

News

The Netherlands To House an EU-based Anti-Money Laundering Agency in the Hague

The Netherlands is aiming to create a new anti-money laundering agency with the principles of the...

The Netherlands To House an EU-based Anti-Money Laundering Agency in the Hague Explore More

News

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures

Moneyval has published a report backing Liechtenstein’s authorities on the measures it took again...

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures Explore More

News

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies

According to new research, the use of cloud mining methods to conceal crypto funds has intensifie...

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies Explore More

News

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment

On August 7th, the Hong Kong Securities and Futures Commission (SFC) warned all platforms working...

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment Explore More

News

FMA Sues Tiger Brokers for AML/CTF Breaches

The Financial Markets Authority (FMA) has filed court proceedings against Tiger Brokers for alleg...

FMA Sues Tiger Brokers for AML/CTF Breaches Explore More

News

A Trust Company Penalised for Opening a Doorway to Money Laundering

A team of accountants and economists have been fined by a court in Channel Island for neglecting ...

A Trust Company Penalised for Opening a Doorway to Money Laundering Explore More

News

Updated Crypto AML Rule in South Korea Set to Take Effect from 25th March

South Korea’s official financial regulatory body, the Financial Services Commission (FSC), announ...

Updated Crypto AML Rule in South Korea Set to Take Effect from 25th March Explore More

News

FCIU Uncovers Money Laundering Patterns Through Social Media Scams

South Yorkshire law enforcement authority has seized EUR 70,000 placed in the illicit gambling ac...

FCIU Uncovers Money Laundering Patterns Through Social Media Scams Explore More

News

UK Fines Dixons Carphone for Massive Breach

Dixons Carphone is one of the largest electronics and phone retailers in the UK. Recently British...

UK Fines Dixons Carphone for Massive Breach Explore More

News

Star Casino Faces Class Action for Anti-Money Laundering Failures

The Star casino has been hit with a shareholder class action for its alleged non-compliance with ...

Star Casino Faces Class Action for Anti-Money Laundering Failures Explore More

News

Germany to Form a new Anti-Money Laundering Agency

Germany is reportedly forming a new AML agency that aims to regulate sanction efforts and money l...

Germany to Form a new Anti-Money Laundering Agency Explore More

News

Central Valley Towns Become the Hot Spot of Identity Theft

A new report identifies a small number of Central Valley towns with the highest incidence of iden...

Central Valley Towns Become the Hot Spot of Identity Theft Explore More

News

The Naivas Data Breach | A Wake-Up Call for Firms to Follow Privacy Laws

Naivas, one of Kenya’s largest supermarkets, recently suffered a data breach, highlighting ...

The Naivas Data Breach | A Wake-Up Call for Firms to Follow Privacy Laws Explore More

News

China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches

China’s Central bank has fined Zhongtian Securities Co. Ltd. 1.37 million yuan ($216,000) for AML...

China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches Explore More

News

Coronavirus outbreak exploited by internet scammers

Americans are advised to stay watchful of cybercriminals’ attempts to misuse the life-threatening...

Coronavirus outbreak exploited by internet scammers Explore More

News

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity

Canada’s government announces public consultation for creating a federally regulated digital iden...

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity Explore More

News

Ledger Owners Scammed worth 1.1 Million XRP

Earlier this year Legsdger customers faced a leak of email and personal information. Now they are...

Ledger Owners Scammed worth 1.1 Million XRP Explore More

News

Norway’s DNB is Facing a Possible Fine of $45M for Poor AML Compliance

Norway’s leading bank, DNB ASA, faces the possibility of a $45 million penalty for its inadequate...

Norway’s DNB is Facing a Possible Fine of $45M for Poor AML Compliance Explore More

News

New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures

New York’s top financial regulator has fined Robinhood $30 million for failures and shortcomings ...

New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures Explore More

News

Brazilian Police Block Crypto Assets Due to Suspected Fraud

Brazilian police have requested the court to block the virtual assets of suspected digital tradin...

Brazilian Police Block Crypto Assets Due to Suspected Fraud Explore More

News

Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture”

Australian corporate watchdog imposed $113 million fine on Westpac bank for charging dead people ...

Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture” Explore More

News

Filipino crypto scammers are impersonating government officials for profit

A Filipino finance entity warns against the supposed crypto Ponzi scheme Bitcoin Revolution, blam...

Filipino crypto scammers are impersonating government officials for profit Explore More

News

Indiana Witnesses a Spike in Identity Theft and Data Breaches

Covid19’s outburst has resulted in exponential growth in online banking, purchasing, and eC...

Indiana Witnesses a Spike in Identity Theft and Data Breaches Explore More

News

FCA Under Pressure for Compliance and Authorisation Delays

The FCA is being approached by regulatory experts due to backlogs in the provision of regulatory ...

FCA Under Pressure for Compliance and Authorisation Delays Explore More

News

Few Hours Left! Was Mail-in-Ballots Successful?

The US elections 2020 have been exhilarating yet stressful for all the residents. The coronavirus...

Few Hours Left! Was Mail-in-Ballots Successful? Explore More

News

Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering

According to Auditor General Bonnie Lysyk, Ontario’s casinos need to strengthen efforts in order ...

Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering Explore More

News

UK Announces New Legislation to Regulate Crypto Assets Industry

The UK’s government has developed its first legal framework for cryptocurrency trading and ...

UK Announces New Legislation to Regulate Crypto Assets Industry Explore More

News

Latvia’s Bank Rietumu Fined EUR 5.85M Over Money Laundering Failures

The Financial and Capital Market Commission has fined Bank Rietumu EUR 5.85 million over failures...

Latvia’s Bank Rietumu Fined EUR 5.85M Over Money Laundering Failures Explore More

News

Cyprus to Test UBO Registration System for AML Compliance

The government of Cyprus has indicated it will test a system for registering ultimate beneficial ...

Cyprus to Test UBO Registration System for AML Compliance Explore More

News

FATF to Blacklist Uganda Over Money Laundering

The Executive Director of the Finance Intelligence Authority, Sydney Asubo stated that the FATF h...

FATF to Blacklist Uganda Over Money Laundering Explore More

News

EBA Issues Draft to Set up Central Database for AML and CFT

On December 20, 2021, the European Banking Authority (EBA) issued its draft Regulatory Technical ...

EBA Issues Draft to Set up Central Database for AML and CFT Explore More

News

Vietnam’s New Legislation on E-Transactions Will Take Effect on July 2024

The National Assembly of Vietnam passed the new e-Transaction law replacing the previous one, No....

Vietnam’s New Legislation on E-Transactions Will Take Effect on July 2024 Explore More

News

Remarkable Progress in Facial Recognition Revealed by a New Study

Could you have imagined a few years ago that you could be identified from your brain scan? The id...

Remarkable Progress in Facial Recognition Revealed by a New Study Explore More

News

UAE Strengthens AML Measures to Bolster Virtual Asset Framework

The UAE’s anti-money laundering and counter-terrorism financing department stated it continues bo...

UAE Strengthens AML Measures to Bolster Virtual Asset Framework Explore More

News

FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding

The FINMA now enables the scanning of microchips inserted in biometric ID documents as an element...

FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding Explore More

News

One-third of Finance Firms Have Accelerated Use of AI to Detect Money Laundering

Financial institutions are heavily investing in Artificial Intelligence (AI) and Machine Learning...

One-third of Finance Firms Have Accelerated Use of AI to Detect Money Laundering Explore More

News

NYDFS Reminds BitLicense Holders to Follow Rules

NYDFS (New York Department of Financial Service) has restated custody and disclosure requirements...

NYDFS Reminds BitLicense Holders to Follow Rules Explore More

News

UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade

The UK Government has put technology as the front and centre force to fight crimes and reinforce ...

UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade Explore More

News

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets

European Union lawmakers will vote on limiting crypto transfers from self-hosted wallets on March...

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets Explore More

News

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021

‘The 2022 Crypto Crime Report’ by Chainalysis has revealed that a total of $8.6 billion was lost ...

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021 Explore More

News

CBA Fails to Disclose AML Non-Compliance to Investors, A Court Hears

A court has heard that the CBA should have informed the market that it may have engaged in “law-b...

CBA Fails to Disclose AML Non-Compliance to Investors, A Court Hears Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

BSP Seeking to Mandate e-KYC For Financial Institutions

The draft circular suggests obligatory e-KYC processes, including identity verification and custo...

BSP Seeking to Mandate e-KYC For Financial Institutions Explore More

News

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images

The previous month, after NewYork Times’ critical report on the facial recognition tech of Clearv...

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images Explore More

News

Swiss Court Seeks $45m Compensation in Credit Suisse Money Laundering Case

Federal prosecutors in Switzerland are seeking compensation of $45 million in the Credit Suisse m...

Swiss Court Seeks $45m Compensation in Credit Suisse Money Laundering Case Explore More

News

Surging Cryptocurrency Scams Target Lower Mainland Seniors

CARP of South Surrey/White Rock has found that the surge in cryptocurrency scams are a threat to ...

Surging Cryptocurrency Scams Target Lower Mainland Seniors Explore More

News

Nigerian House of Representatives Pledges Strict Regulations Against Money Laundering and Terrorism Financing

The Nigerian House of Representatives Committee on Financial Crimes stated they would design stri...

Nigerian House of Representatives Pledges Strict Regulations Against Money Laundering and Terrorism Financing Explore More

News

Google to Improve its Compliance Program After BTC-e Data Loss

Google has committed to strengthening its legal compliance program after losing data linked with ...

Google to Improve its Compliance Program After BTC-e Data Loss Explore More

News

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million

The Swiss regulatory authority, FINMA, initiated a lawsuit against the senior management at Juliu...

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million Explore More

News

Blockchain officially becomes part of China’s tech strategy

According to the National Development and Reform Commission (NDRC), China will use Blockchain to ...

Blockchain officially becomes part of China’s tech strategy Explore More

News

Australia, Singapore, Malaysia, and RSA Team Up for CBDC Trials

Central banking entities of Singapore, Australia, Malaysia, and South Africa agree on a mutual ag...

Australia, Singapore, Malaysia, and RSA Team Up for CBDC Trials Explore More

News

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report

The Swiss Federal Audit Office investigated Switzerland’s meager protocols against white-co...

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report Explore More

News

New York man charged with trafficking credit card details

According to a federal indictment, Vitalii Antonenko, 28, was alleged in the U.S District Court f...

New York man charged with trafficking credit card details Explore More

News

Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations

The Financial Conduct Authority of the UK has imposed fines of £5.8 million on Ghana Internationa...

Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations Explore More

News

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law

The UK’s Financial Conduct Authority (FCA) updated the crypto industry regulations recently, whic...

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law Explore More

News

Ukraine Issues 14 Million Biometric Passports

According to Ukrinform, more than 14 million biometric passports have been issued in Ukraine so f...

Ukraine Issues 14 Million Biometric Passports Explore More

News

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021

‘The 2022 Crypto Crime Report’ by Chainalysis has revealed that a total of $8.6 billion was lost ...

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021 Explore More

News

The FATF Gives The Philippines 2-3 Months to Address Remaining Deficiencies

Chuchi G. Fonacier, Deputy Governor of the BSP, said 4 of the 8 remaining Financial Action Task F...

The FATF Gives The Philippines 2-3 Months to Address Remaining Deficiencies Explore More

News

SEC Files Money Laundering Complaint Against Silverlion

The Security Exchange Commission (SEC) filed a case against Silverlion Livestock Trading Corporat...

SEC Files Money Laundering Complaint Against Silverlion Explore More

News

AAT Warns UK Businesses are Vulnerable to Money Laundering Threat After Reforming AML Regulations

The Association of Accounting Technicians (AAT) warned the UK government that reforming Anti-Mone...

AAT Warns UK Businesses are Vulnerable to Money Laundering Threat After Reforming AML Regulations Explore More

News

UK Customers Losse £580m to Identity Scammers in First Half of 2023

UK Finance disclosed that identity theft is a proliferating scam, and they recorded 1.4m fraud ca...

UK Customers Losse £580m to Identity Scammers in First Half of 2023 Explore More

News

Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches

Australia’s financial intelligence agency, The Australian Transaction Reports and Analysis Centre...

Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches Explore More

News

The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers

The financial services minister, Andrew Griffith, commented on July 4th that banks should be requ...

The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers 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