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

The Fintech Times

Napier AI, a UK-based regtech focused on AI-powered financial crime compliance, has appointed Kenneth Paqvalén as chief financial officer. Identity verification platform IDnow has partnered with biometric authentication provider Keyless to enable ongoing user authentication beyond onboarding.

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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. This means that synthetic identity fraud is now the fastest-growing category of financial crime in the US – and costing banks as much as $6billion.