Watch more: What’s Next in Payments With FIS’ Christine Hurtubise Artificial intelligence is altering the mechanics of digital identity, forcing financial institutions to reconsider long-standing assumptions about how a customer proves that a transaction is legitimate. Tools capable of replicating voices, images and behavioral patterns...
A Utah bill that was passed by the state Legislature and now awaits the governor’s signature would create a voluntary digital identity program. This program would enable the state’s adult residents who opt in to store a digital credential on their mobile device, present it...
Watch more: What’s Next in Payments With Veriff’s Hubert Behaghel The surge in artificial intelligence-powered fraud has placed identity verification in the spotlight. Tools capable of generating photorealistic faces, synthetic voices and forged identity documents have lowered the barrier to entry for fraud rings. As...
As digital commerce becomes increasingly automated, enterprises face a new identity challenge: distinguishing legitimate AI agents acting on behalf of customers from malicious bots designed to exploit digital systems. “How Enterprises Can Build a ‘Know Your Agent’ Defense: Digital Identity Verification in the Age of...
In identity verification, who someone says they are across financial services can often depends on where they live. In mature economies, financial identity is commonly anchored in banking relationships. Opening a bank account establishes identity, enables payments, and unlocks access to credit, savings and commerce....
Fraudsters have been using artificial intelligence, automation and highly convincing impersonation tactics to steal identities. Once they have those identities in hand, they can (and do) orchestrate increasingly sophisticated social engineering schemes, forcing financial institutions and technology providers to reassess how trust is established in...
Identity verification company Entrust has launched a security partnership with Google. The collaboration is designed to boost innovation in identity verification and AI-driven security amid a rapid rise of increasingly sophisticated fraud, according to a Monday (Feb. 9) news release. “The integrated solution will help organizations strengthen security defenses...
Compliance/identity platform Duna has raised $35 million in a Series A funding round. The new funding, announced Thursday (Feb. 5), will help Duna as it works towards its goal of building a “global trust infrastructure” by offering a “digital passport for every business,” leading to...
Small businesses may say they value relationships, but when basic digital tasks still require a phone call or branch visit, loyalty starts to look temporary. That was the core message of PYMNTS Intelligence’s November Credit Union Tracker, “Business at Risk: How Credit Unions Can Attract...