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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. Firms continuing to use dated means of verification and userauthentication could pay if they do not make changes.
Identity verification solution and infrastructure company IDVerse announced a partnership with Hastings Direct Loans. based lender will leverage IDVerse’s technology to enhance the accuracy and reliability of its identity verification process. IDVerse, as OCR Labs, won Best of Show at FinovateAsia in 2017.
This advanced solution is also known as “anti-spoofing” or “liveness verification.” In doing so, it protects our banking processes and ensures only authentic interactions. In doing so, it protects our banking processes and ensures only authentic interactions. What is Liveness Detection? How Does Liveness Detection Work?
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