Vietnam’s major telcos join GSMA ID verification, fraud prevention initiative
Vietnam’s largest mobile network operators, Mobifone, Viettel and VNPT, have signed up to fight online fraud and enhance identity verification…
KYC
Biometric Update regularly publishes news regarding the term "KYC." The following list of links is available to help you find biometrics news concerning "KYC" and other relevant terms. Additional topics may be explored by reviewing our entire Biometrics Topics list.
South Africa begins biometric IDV for grant benefits May 5
South Africa’s social security agency (SASSA) has introduced changes to ID verification for some categories of social grant beneficiaries expected…
Odds are good for biometrics firms in the global gambling sector
Gambling has always been a vice associated with certain kinds of criminal activity, but the development of the online gambling…
KYC providers add new layers as higher transaction volumes boost market
As more services around the world subject to KYC regulations move online and fraud methods become more sophisticated, identity verification…
GLEIF to help increase global visibility of Chinese companies
The Global Legal Entity Identifier Foundation (GLEIF) has a new Legal Entity Identifier (LEI) mapping initiative to increase the global…
Feedzai acquires Demyst to unify KYC, fraud risk data
Financial crime prevention and behavioral biometrics provider Feedzai has acquired data management provider Demyst to unify data orchestration and risk…
Sift brings FIBR to Sift Console
Sift has directly integrated its Fraud Industry Benchmarking Resource (FIBR) into the Sift product experience, the Sift Console. Sift says…
India moves to require digital ID for farmer and food subsidies
India continues to introduce more stringent biometric-based identity verification requirements for receiving benefits and subsidies and inclusion into welfare programs….
US Corporate Transparency Act rollbacks create customer ID verification needs
U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and…
Social buzzes with ChatGPT-generated passports and ID cards
A Polish engineer and investor raised eyebrows in the security industry this week by generating a fake passport using ChatGPT….
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection