AI speeds synthetic identity fraud, enabling human-like interactions
Fake identities are driving a boom in financial fraud. A new study has shown that fraud involving AI-generated identities has…
financial crime
Biometric Update regularly writes articles related to the term "financial crime." The following list of links is available to assist you with finding biometrics news related to "financial crime" and other relevant terms. Additional topics may be explored by reviewing our entire Biometrics Topics list.
Implement behavioral biometrics to stop money mules, says UK’s financial regulator
The UK’s Financial Conduct Authority (FCA) has published key findings from a review of what role money mules play in…
How can financial institutions safeguard against deepfakes: The new frontier of online crime?
Biometric face verification has quickly become recognized as a secure and user-friendly method to verify identity at onboarding and re-authenticate…
BioCatch identifies difficulties adapting to emerging financial threats
New research from behavioral biometrics firm BioCatch has identified concerns from financial institutions about dealing with emerging financial threats, finding…
Synthetic identity fraud to hit $5B in two years. Credit agency practices enabling crime
Could U.S. synthetic fraud losses in 2024 equal the valuation of five unicorns? That is what one digital ID verifier…
Financial crime in a digital age — Why banks need a holistic approach
By Ashok Kadsur, co-founder of SignDesk Fraud, financial crime, and cybersecurity have long been problem areas for financial institutions (FIs)….
Financial services, behavioral biometrics, and the scam technology arms race
By Serpil Hall, Head of Fraud Prevention at D4t4 Solutions Scams have plagued human society since the dawn of man….
Stakeholders split on digital ID benefits as selfie biometrics deployed for financial crime prevention
Most stakeholders see digital ID as a potentially helpful innovation for fighting financial crime, but they are split on whether…
Anti-financial crime expert hired to boost digital ID and KYC capabilities at Fourthline
Fourthline has appointed Ro Paddock as its new head of Anti-Financial Crime to support the company’s mission to deliver a new…
GBG intelligence center combines biometrics with data analysis to help financials fight ID fraud
GBG has launched an intelligence center to help financial institutions enhance their fraud detection capabilities with its biometrics and data…
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