US Senators move to ban AI-driven impersonation scams as fraud losses surge
United States Senators Shelley Moore Capito and Amy Klobuchar have moved to confront one of the fastest growing consumer threats…
financial crime
Biometric Update regularly releases articles regarding the term "financial crime." The following list of links is available to help you find biometrics news regarding "financial crime" and other relevant terms. More topics may be explored by accessing our comprehensive Biometrics Topics list.
New identity checks reshaping US federal student aid
The U.S. Department of Education (DoE) publicly credited enhanced identity verification measures with preventing more than $1 billion in attempted…
Real-time intelligence sharing reveals millions in attempted bank fraud
Australian banks can breathe a sigh of relief as millions of dollars have been saved in would-be fraud. In a…
Experts: Tackling AI-powered financial crime needs behavioral biometrics, ML models, data science
As artificial intelligence accelerates financial crime, the industry is racing to adapt. In an in-depth webinar, Glenn Fratangelo, head of…
Experian acquires KYC360 as firms seek streamlined financial compliance
Compliance and identity verification providers are stepping up with new solutions to meet mounting regulatory pressures and evolving fraud risks….
Scams overtake $1 trillion as AI supercharges global fraud networks: BioCatch
Scams have overtaken all other forms of fraud to become the most financially devastating threat to consumers and financial institutions…
Financial fraud surge forcing ATO and AML strategy rethink
Fraud is consuming business resources at an unprecedented pace, according to TransUnion’s newly released H2 2025 Update to the Top…
Growing AML sector spearheaded by Oracle, Experian, LexisNexis: Juniper
The anti-money laundering (AML) systems market is set to be worth 75 billion dollars by 2030, partly driven by lax…
BioCatch highlights rise of bots and money mules in new report
The use of bots to fraudulently open a bank account has risen three times in the first half of 2025…
Nigeria arrests suspects involved in digital ID theft for financial fraud
Nigeria’s anti-graft body, the Economic and Financial Crimes Commission (EFCC), has raised the alarm on an ongoing criminal activity in…
