Relai selects Inverid, fintechs beef up KYC processes as deepfake threats loom

New research from Gartner predicts that 30 percent of entities will no longer consider biometric verification alone to be reliable by 2026,as a direct result of the rise of deepfakes. While these are most commonly used in presentation attacks, injection attacks rose by 200 percent in 2023..

Moreover, as many as 95 percent of synthetic identities are not detected during onboarding, costing financial institutions billions while potentially funding money laundering or terrorism, according to Thomson Reuters.

In light of …

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