ID verification firm Trulioo has debuted an AI agent to resolve beneficial ownership questions. The company’s UBO Discovery Agent, announced Thursday (July 23), is part of Trulioo’s larger UBO Discovery capability, which is itself housed with its business risk and know your business (KYB) verification workflow. “AI is reshaping fraud,...
England’s new prime minister has reportedly cancelled his predecessor’s plans for a national digital ID. Andy Burnham confirmed for Techcrunch Tuesday (July 21) that the government would scrap the widely-criticized proposal for a digital identity card program, announced last year by former Prime Minister Keir...
Digital revenue has turned identity verification from a back-office control into a front-door growth issue for financial services firms. The PYMNTS Intelligence report “When ‘Good Enough’ Isn’t Enough: Digital Identity Verification in the Age of Bots and Agents,” a collaboration with Trulioo, found that 76%...
Google has formed a digital identity partnership with Polish ID-verification startup Authologic. “Google Wallet already lets users store verified identity credentials issued by governments, banks, or Google itself on their phones,” Authologic wrote on its blog Wednesday (July 1). “Using our OmniID platform, businesses can now...
Compliance executives have traditionally evaluated identity programs by asking whether they satisfied regulators and prevented fraud. But PYMNTS Intelligence research, done in collaboration with Trulioo, indicates that the way companies organize know your customer (KYC), know your business (KYB) and emerging know your agent (KYA) functions...
Digital identity verification has long been measured primarily by one standard: how effectively it stops fraud. But new data suggests many organizations may be focusing on the wrong side of the ledger. A PYMNTS Intelligence report in collaboration with Trulioo, “Built or Bought: How KYC/KYB...
As companies race to defend against bots, deepfakes, synthetic identities and other AI-powered fraud attacks, many are creating a second crisis. Their legitimate users are being treated like threats. Findings in the new report, “How Enterprises Can Build a ‘Know Your Agent’ Defense: Digital Identity...
Polymarket has reportedly begun implementing new identity verification measures and more stringent access controls. That’s according to a report Wednesday (May 27) from The Information, which noted that this effort is in response to pressure from international regulators and the U.S. Congress over illegal gambling...
Agentic artificial intelligence may soon test the weakest point in a company’s identity system, but PYMNTS Intelligence data suggest the strongest defense may be a wider, better-connected verification network. That is the central takeaway from “Identity at Scale: Where KYC/KYB Touchpoints Create (or Contain) Agent Risk,” a...