‘Is my customer human?’ Banks must rely on AI to uncover automated fraud
By Xin Ren, Senior Director of Data Science, Feedzai Generative AI (GenAI) is changing the game for businesses and becoming…
financial crime
Biometric Update regularly writes news related to 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 perused by accessing our entire Biometrics Topics list.
BioCatch Trust Network launches in Australia to enable banks to exchange data
Collaboration is key to the most effective fraud detection: so says behavioral biometrics firm BioCatch, which has issued a release…
Deepfake attacks now occur every five minutes, Entrust report warns
A sharp rise in AI-assisted identity fraud is reshaping cybersecurity on a global scale, according to the 2025 Identity Fraud…
North American banks struggle with deepfakes, social engineering
Financial institutions in North America face a spike in fraud schemes, with social engineering scams increasing tenfold in the past…
Behavioral biometrics, analytics options aplenty as financial fraud gets more complex
As businesses play tug-of-war with increasingly sophisticated fraud tactics, the cost of fraud has risen to new levels, now amounting…
Biometrics providers among CFIT group fighting UK financial crime
The Centre for Finance, Innovation and Technology (CFIT) has brought together a consortium of companies to find new ways of…
Banks turn to biometric authentication for ATO prevention, should add behavioral
Banks are increasingly adopting biometric authentication methods, such as facial and fingerprint recognition, to secure customer accounts against Account Takeover…
authID.ai signs up 2 integration partners for biometric ATO prevention
authID.ai has formed a reseller partnership with Kaiasoft.com in a bid to extend authID’s biometric capabilities to Kaiasoft.com clients across…
New biometric integration for authID with financial compliance firm FinClusive
Biometric identity verification services from authID are being integrated into the suite of financial crimes compliance (FCC) and digital identity…
CFIT forms coalition to combat economic crime through enhanced verification methods
The Centre for Finance, Innovation, and Technology (CFIT) is forming a new coalition aimed at combating economic crime through enhanced…
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