“Viral posts on X (formerly Twitter) and Reddit show how, leveraging open source and off-the-shelf software, an attacker could download a selfie of a person, edit it with generative AI tools and use the manipulated ID image to pass a KYC test. There’s no evidence that GenAI tools have been used to fool a real…
Tag: KYC
Introducing the future of digital identity
“Incode allows financial institutions to effectively capture customer data from their ID, verify identity documents, authenticate facial biometrics and identify any potential security risks up to 5 times faster than traditional onboarding processes. ‘Instead of going to the bank and going through the long process of proving who you are, it’s going to be a…
AI helps you KYC Better, Faster
“Regulatory compliance costs will increase from 4% to 10% of bank revenue in 2021.” https://kyc.bankingciooutlook.com/cxo-insights/ai-helps-you-kyc-better-faster-nwid-1187.html Rahul Mahna Managing Director Cyber Security EisnerAmper http://linkedin.com/in/rahul-mahna-6007531
The end of code, the beginning of bank future proofing
Even with the emergence of today’s RegTech innovation, most institutions today need more than 12 months to make regulatory changes. The cause: custom coding. No code software builds itself and gives managers of customer onboarding and KYC functions visual tools to easily configure unique nuances—using business metaphors that automatically generate code and user experience Artificial…