How KYC goes beyond identity verification
It might be obvious that you can identify someone without really knowing them, and yet for so many businesses, KYC…
KYC
Biometric Update regularly authors news related to the term "KYC." The following set of links is available to assist you with finding biometrics news concerning "KYC" and other relevant terms. Additional topics may be perused by reviewing our comprehensive Biometrics Topics list.
Major upgrade for identity verification API from ID Analyzer to increase speed, accuracy
ID Analyzer, a Taiwan-based digital identity verification web API provider, has issued a press release announcing upgrades to its API…
AML investment growing rapidly as IDVerse launches fraud prevention tool
y 2028, financial institutions and other sectors will spend 80 percent more on AML systems than the $28.7 billion projected…
Identity verification integrations unveiled by Socure, OneID, Persona and uqudo
Identity verification providers are combining selfie biometrics with tools like open banking and contextual matching to streamline user onboarding and…
Regula powers taxi driver registration as new figures show ID verification savings
Regula is helping the Polish taxi industry comply with a new law requiring mandatory identity verification. To achieve this, the…
Deepfakes are a threat to India’s democracy but also video KYC: report
India is facing a proliferation of deepfakes that could spread misinformation during elections. More importantly for the biometrics industry, deepfakes…
Flurry of deals to secure ID verification and KYC in banking, gambling, rentals
As identity theft threats increase, industries with ID verification needs are seeking – and keeping – partnerships that supply solid,…
IDnow, IOTA Foundation, and others join a compliance consortium for European AML
The IOTA Foundation, IDnow, walt.id, SPYCE.5, and Bloom Labs are forming a consortium to make crypto asset service providers (CASPs)…
UK business registry says ‘yes, chef’ to hundreds of cloned IDs and restaurants
Take a bunch of celebrity chefs; add biometric technology, bad intentions, a handful of bank accounts, a tablespoon of misspellings…
Frictionless KYC might be compromising security in customer onboarding
Payment firms, fintechs, and crypto entities may see a boost in new customers when they implement streamlined KYC platforms that…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
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