ID authentication vendor seeing fewer financial fraud attempts in Africa

ID fraud attempts are falling across Africa compared to the previous year, a new marketing KYC report from authentication firm Smile Identity.

Smile's mid-2023 look at KYC in Africa states that the number of fraudulent KYC attempts that the company identified during the first half of this year was down 23 percent, five percentage points down from the drop experienced during the same period last year.

The company says the drop in attempts that it has identified indicates that …

africa authentication biometric liveness detection biometrics biometrics news down financial financial fraud financial services fraud fraudulent identity identity verification id fraud iidentifii kyc liveness detection marketing report smile identity states the company vendor