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)….
fraud prevention
Biometric Update regularly publishes news about the topic "fraud prevention." The following list of links is available to assist you with finding biometrics news about "fraud prevention" and other relevant terms. Additional topics may be perused by reviewing our entire Biometrics Topics list.
KBA twice as helpful to bad actors as customers: Pindrop report
The propagation of data breaches, organized crime rings on the dark web that sell hacked security credentials, and sophisticated fraud…
Kenya wants to use Huduma Namba digital ID system to tackle tax evasion
The Kenya Revenue Authority (KRA) is hoping lawmakers can give their nod on proposed further amendments to the Huduma Namba…
Subscribers scramble for biometric SIM registrations in Kenya as deadline extended
Kenyan mobile network operator Safaricom has launched an online portal for customers to update their SIM card details to help…
Regtech to pass $204B, make up half of all regulatory compliance spend by 2026
Juniper Research forecasts spending of $68 billion on regulatory compliance in 2022 will grow more than 200 percent by 2026…
Biden urged to consider federal digital identity framework
United States President Joe Biden has been advised to consider putting in place a nationwide digital identity framework as one…
Veriff biometric KYC widens Alloy’s AML platform capabilities
Veriff will offer its biometric identity verification on the platform of know-your-customer (KYC) and anti-money laundering (AML) provider Alloy, enhancing…
FaceTec’s bounty for biometric liveness spoofs doubles to $200K
The Spoof Bounty Program run by FaceTec to uncover vulnerabilities and test the defense of biometric liveness detection systems has…
US oversight committee wants answers on ID.me biometric accuracy, contracts and more
The leaders of the U.S. House Oversight Committee have penned a lengthy letter to ID.me, The Washington Post reports, to inquire…
Nigeria’s biometric voter system detects over 1M invalid entries
Nigeria’s National Independent Electoral Commission (INEC) has disclosed that more than one million enrollments on the biometric Register of Voters,…
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