EU banks struggle with KYC and AML budgets, but biometrics help applications worldwide
European banks are dedicating the majority of their AML (anti-money laundering) and KYC (know your customer) budgets to manual processes…
KYC
Biometric Update regularly publishes posts regarding the term "KYC." The following set of links is available to help you find biometrics news concerning "KYC" and other relevant terms. Additional topics may be perused by reviewing our complete Biometrics Topics list.
Seed and angel funders invest in Mexican face biometrics anti-fraud vendor
A Mexican biometric fraud prevention startup says it has closed a seed round of funding valued at $4.1 million. The…
Selfie biometrics rollouts keep pace as eID cautions careful KYC and AML decisions
A biometrics vendor is reminding stakeholders that know-your-customer (KYC) and anti-money laundering (AML) solutions based on single-image selfie biometrics are…
Selfie biometrics boom in fintech with new implementations, partnerships
Selfie biometrics are expanding in several markets, with a new implementation from Amazon, partnerships for Veriff, Sumsub and IDScan.net, and…
Crypto thefts explode; report says users will tolerate ID verification friction to stop it
A survey paid for by a digital ID verification company indicates that at least 70 percent of cryptocurrency users are…
Digital ID providers upgrade sales network, solution portfolio and certifications
Digital ID provider Incode has unveiled a new reseller partnership, while iDenfy and SumSub have upgraded their offerings with a…
Fraud prevention platform Self launches in beta for biometric authentication in Web3
The Web3 fraud prevention platform Self has officially announced a beta launch to enable individuals to create decentralized and biometric…
Defrag KYC landscape to prevent fraud, reputational damage, American Bankers Association says
The American Bankers Association (ABA) hopes to settle nerves in the fraud-prone U.S. financial sector with a new guide to…
Sumsub eases digital identity verification with no-code tool for configurable user journeys
Sumsub has introduced a feature enabling companies to create user identity verification workflows tailored to particular triggers and risk scenarios…
Selfie biometrics and mobile digital IDs proliferate for financial, government services
Biometrics and digital IDs on mobile devices made several of the most-read stories of the past week on Biometric Update,…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection