US committee sees AI fintech threat, public ready for biometric defense

The U.S. Financial Services Committee held a hearing with finance tech innovation leaders on opportunities and risks associated with AI. At least some members of the committee are clearly interested in the potential for digital IDs to fight fraud while promoting financial inclusion, and at the same time, a Mitek-sponsored survey shows higher customer satisfaction with biometrics than legacy authentication methods, and a similar appetite for stronger authentication amongst businesses.

Committee hearing addresses generative AI threat, digital ID opportunity

Attendees …

banking biometric biometrics biometrics news consumer adoption defense digital digital id finance financial financial inclusion financial services fintech fraud fraud prevention hearing ids inclusion innovation leaders mitek opportunities public risks sees services tech tech innovation threat u.s. government