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This Week in Fintech: TFT Bi-Weekly News Roundup 03/07

The Fintech Times

Stacks AI , a startup focused on automating the financial close process, appoints former Plaid and McKinsey executive Farid Sedjelmaci as COO. More hires Saturn, the AI and data platform supporting over 6,500 UK financial advisers, has appointed Re:LoA founder Gary Abela as enterprise partnerships lead.

FinTech 59
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Banking Execs Must ‘Wake Up’ as Security Measures Fail to Keep Up With Biometric Fraud

The Fintech Times

Banks are coming under an increasingly intense barrage of cybersecurity attacks, and many of these now use deepfakes and generative AI to make the initial breach. Now, Michael Marcotte, CEO of artius.iD , a digital ID and authentication firm, is calling on the cybersecurity industry to put banking at the top of the agenda.

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Hastings Direct Loans Partners with IDVerse

Finovate

Equipped with Zero Bias AI Tested technology, IDVerse enables businesses to verify a wider range of identities, ensuring greater accessibility, for example with those with disabilities.

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How Does Liveness Detection Help Stop More Fraud

Fi911

To illustrate, here are a few examples of liveness detection in action: Algorithmic & AI Integration Central to many biometric verification systems, algorithms compare the provided biometric sample with a pre-stored reference. Together, these stages formulate a rigorous system for user validation.