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…
KYC
Biometric Update regularly authors posts about the topic "KYC." The following list of links is available to assist you with finding biometrics news about "KYC" and other relevant terms. More topics may be perused by accessing our entire Biometrics Topics list.
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….
GLEIF certifies vLEI issuers in Hong Kong, Thailand
The Global Legal Entity Identifier Foundation (GLEIF) has named two more companies as issuers of its verifiable Legal Entity Identifier…
Credas CEO recommends robust ID verification to fight financial fraud in property market
The property market in the UK, like elsewhere, is not spared from financial fraud. But in order to reverse the…
Cifas reveals ‘staggering’ identity fraud rates for UK, Entrust examines global trends
The UK recorded a “staggering” 421,000 fraud cases last year, among which nearly 60 percent are related to identity fraud,…
Sumsub recognized for digital inclusion efforts, seeing continued growth
Sumsub’s recent digital services inclusion campaign has resulted in the company being invited to join the United Nations Global Sustainable…
London proposes digital ID verification model to spur growth, efficiency
A secure digital verification system could unlock £1.8 billion (US$2.3 billion) in economic value by 2031, according to a new…
Biometrics ‘the lynchpin of where gaming companies need to be,’ says gambling executive
Online gambling continues to be a fruitful market for biometrics providers, as betting platforms seek secure and frictionless KYC, onboarding,…
Reusable digital ID promises improved customer experience
A new Reusable Digital ID Network partnership to serve UK financial services providers has been announced by Select ID, SQR,…
EWC provides update on EU’s business wallets
The European Business Wallet has entered the focus of attention since it was named a part of the European Union’s…
Biometric Market Analysis and Buyer's Guides
- Injection Attack Detection
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection