Know your customer (KYC) stories - Page 4

APAC banks face heavy manual compliance workloads as poor data quality and legacy systems stall AI adoption, survey respondents warn.

Australian banks report the region's worst compliance screening disruption, as ageing systems and manual workloads strain checks and onboarding.

Kani deepens its tie-up with TransactPay, adding Data-as-a-Service to streamline global payments data as the issuer ramps up scale.

AI compliance firm ThetaRay names ex-Symphony chief Brad Levy as CEO, tasking him with scaling its Cognitive AI platform globally.

Betsson adopts Group-IB's real-time fraud tech to counter rising account takeovers, bonus abuse and payment scams across its platforms.

PEXA launches PEXA Clear AML tool for Australian property sector, ahead of new AUSTRAC Tranche 2 rules starting 1 July 2026.

SEON posts over 80% ARR growth, boosts API usage 250% and secures USD $80 million Series C to scale AI-powered fraud and AML platform.

BioCatch warns AI shopping agents will turbocharge online fraud, urging banks and retailers to distinguish helpful bots from criminal misuse.

Zama predicts privacy-first compliance tools and quantum-safe cryptography will become standard for regulated onchain finance by 2026.

AI-powered 'Truman Show' scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims' digital identities.

Outdated, inaccurate and duplicate records are crippling data-driven decisions, but simple verification and cleansing tools can reverse the damage.

iProov and HYPR integrate liveness checks with passwordless login to stop deepfake workers infiltrating enterprises at onboarding.

A leading fraud expert says the FCA's new Firm Checker will boost transparency but leave sophisticated social engineering scams largely untouched.

Dark web vendors sell UK ID packs for about USD $30, helping criminals bypass biometric checks at banks and fintechs, AMLTRIX warns.

Accurate address data is emerging as a critical, often overlooked weapon in the fight for reliable digital identity verification and fraud control.

1Kosmos and Reality Defender have teamed up to embed real-time deepfake detection into remote identity checks amid a surge in AI fraud.

Incode launches Deepsight AI, a three-layer defence to spot and block deepfakes in real time for banks, tech platforms and governments.

AI-driven fraud, deepfakes and synthetic IDs are redefining 2026 risk, forcing firms to ditch reactive tools for layered, intelligent defence.

North Korean hackers stole USD $300M via fake Zoom calls; robust identity checks could have broken the scam's chain of trust.

As cross-border payments soar towards USD $1 quadrillion, businesses race to tackle identity fraud with AI, biometrics and smarter data.