KYC

SKT collaborates with Aptos Labs, Brevan Howard and Microsoft to bring global institutional finance on-chain with Aptos Ascend

Retrieved on: 
Friday, April 19, 2024
Cloud, Ecosystem, Risk, AI, Head, Partnership, SK Telecom, AML, Wallet, BCG, Engineering, KYC, SKM, Microsoft, Privacy, Move, GM, Trust, Financial services, Azure, CIO, Boston Consulting Group, Organization, SKT, Cryptocurrency

Boston Consulting Group (BCG) will be Aptos Labs' preferred consulting partner, leveraging its global expertise in decentralized finance, digital assets, and AI to work with companies to implement the solutions.

Key Points: 
  • Boston Consulting Group (BCG) will be Aptos Labs' preferred consulting partner, leveraging its global expertise in decentralized finance, digital assets, and AI to work with companies to implement the solutions.
  • "In collaboration with SKT, Brevan Howard and Microsoft, Aptos Ascend will provide the world's financial institutions, banks, and tech-forward money markets with a performant, compliant, secure, and scalable gateway to decentralized finance on Aptos that will evolve for years to come."
  • While the Aptos Ascend solutions will continue to evolve, immediate value at a global scale will take the form of:
    Expanding decentralized finance to institutional capital.
  • Aptos Ascend is designed to help regulated institutions around the world meet their obligations to customers, regulators, and other stakeholders.

Socure Releases Multi-Layered AI Defense System That Defeats Deepfakes and Other Identity Fraud in Under Two Seconds

Retrieved on: 
Thursday, April 18, 2024
Blog, Parental consent, Gambling, Social media, Risk, Safety, PII, Minor, Intelligence, KYC, Synthetic media, Eye, IDS, Privacy, Anomaly, Rash, ID, Government

"Socure continues to get better and better for our partners with each passing day, improving user experience, accuracy, speed to decision and operational efficiency.

Key Points: 
  • "Socure continues to get better and better for our partners with each passing day, improving user experience, accuracy, speed to decision and operational efficiency.
  • The Socure brand is known for continuous innovation as we strive for perfection and this announcement is representative of our continued advances.
  • "Generative AI fraud attacks will be an ongoing threat in digital banking, and we are excited to continue to partner with Socure as it brings new models to market."
  • To watch our on-demand webinar entitled, No Bad Biometrics, Only Bad Actors: Legal Insights on Guiding Principles to Biometric Verification click here .

Stop Deepfake and Social Engineering Calls with iVALT

Retrieved on: 
Thursday, April 18, 2024
Stout, Smartphone, Internet, Theft, MGM, KYC, ID, Risk assessment, IDS, Internet of things, Policy, Online shopping

PLEASANTON, Calif., April 18, 2024 /PRNewswire/ -- Not being able to verify the identity of who you are talking to can cost you. The $25M video call deepfake in Hong Kong, the socially engineered ransomware attacks on MGM and the theft of $16M from baseball great Shohei Ohtani are just three recent examples of how pervasive and damaging these problems are. The core issue is that there is no trusted way to verify the identity of the person on the other end of a phone call. Even with significant investment in security, businesses are effectively delegating cyberattack risk assessment to their help-desk workers, participants on company video calls, or entry-level bank employees — and that's not right or effective.

Key Points: 
  • iVALT could have prevented all three of these attacks in one click.
  • With five patents and ten pending, iVALT is uniquely positioned to provide enterprises with the strongest level of caller identity verification for deepfake and social engineering call protection and Know-Your-Customer (KYC) checks.
  • iVALT enables an innovative extension to the enterprise Zero Trust Security Model ("trust nothing, verify everything").
  • It is time to add phone calls to this proven enterprise strategy as a standard communications policy.

Staking Pools Now Available on the Xai Blockchain, Primed to Reward Users and Foster Network Innovation

Retrieved on: 
Tuesday, April 16, 2024
Health, Reward, KYC, Growth, Cryptocurrency

GEORGE TOWN, Cayman Islands, April 16, 2024 /PRNewswire/ -- The Xai Foundation, core contributor to the gaming-centric blockchain network, Xai, today announced the launch of Staking Pools, a significant upgrade to its staking system designed to enhance user involvement and network health. This update marks a significant milestone for the Xai ecosystem, offering new opportunities for XAI token holders to earn rewards and contribute to the growth of the network. Xai Sentry Key operators also gain the capability to create and manage their own pools, opening the door for a new wave of network-led ventures and innovations. As Staking pools are rolled out, the Foundation will closely monitor and analyze real usage data, making necessary adjustments to the rewards system to optimize value for all participants.

Key Points: 
  • Staking pools permit XAI token holders in qualified regions to convert their tokens and stake in a pool, earning rewards for their participation.
  • This inclusive approach aims to encourage widespread engagement within the Xai community, allowing all users to benefit from the network's growth.
  • "We are thrilled to introduce Staking Pools to the Xai community," added Soby, a core contributor to Xai.
  • By implementing Staking v2, Xai aims to foster a more active and engaged community, driving the adoption and growth of its gaming-focused blockchain network.

WorkFusion Rolls Out GenAI-Powered Digital Workers to Help Financial Institutions Fight Financial Crime and De-Risk GenAI

Retrieved on: 
Tuesday, April 16, 2024
Blog, Automation, Risk, Australian, AI, LLM, Machine learning, AML, Digital, Documentation, KYC, Synthetic media, Trust, Generative, STP, Medical device

NEW YORK, April 16, 2024 /PRNewswire/ -- WorkFusion, a leading provider of AI regulatory compliance solutions for banking and financial services, today announced that it has rolled out Generative AI (GenAI) enhancements to its pre-built AI Digital Workers that augment anti-money laundering (AML) teams to fight financial crime and support regulatory compliance. The new GenAI capabilities increase automation rates up to 95 percent, reduce the risk of errors to nearly zero, and provide enhanced narratives to enable AML analysts to speed up time to decisions and provide a more detailed narrative to regulators.

Key Points: 
  • This helps financial institutions leverage the benefits of GenAI without the added risks."
  • The addition of GenAI makes AI Digital Workers better by:
    Automation rates are now accelerated for WorkFusion's AI Digital Workers.
  • For AI Digital Workers Evelyn and Tara , the combination of AI and GenAI further reduces error rates to near zero.
  • With GenAI, all pre-built AI Digital Workers can go beyond current template-based narratives to LLM summaries.

Socure Releases Multi-Layered AI Defense System That Defeats Deepfakes and Other Identity Fraud in Under 2 Seconds

Retrieved on: 
Tuesday, April 16, 2024
Blog, Parental consent, Gambling, Social media, Safety, Risk, PII, Minor, Intelligence, KYC, Synthetic media, Eye, IDS, Privacy, Anomaly, Rash, ID, Government, Cryptocurrency

"Socure continues to get better and better for our partners with each passing day, improving user experience, accuracy, speed to decision, and operational efficiency.

Key Points: 
  • "Socure continues to get better and better for our partners with each passing day, improving user experience, accuracy, speed to decision, and operational efficiency.
  • The Socure brand is known for continuous innovation as we strive for perfection and this announcement is representative of our continued advances.
  • These deepfakes are not discernible to the human eye, and they're outpacing the traditional machine learning models used by most providers in the market.
  • Two and three party marketplace ID verification:
    Defers fraud in order to build trust between the two or three-parties in a marketplace.

Pi Network Reaches 10M KYC'ed Global Users as it Moves Closer to Open Network

Retrieved on: 
Tuesday, April 16, 2024
Ecosystem, Electronic tuner, Social media, White paper, Automation, Human, KYC, SONiC (operating system), PALO, Mining, Longevity, Pioneer, Cryptocurrency

PALO ALTO, Calif., April 16, 2024 /PRNewswire/ -- Pi Network, a Web3 app ecosystem and developer platform with a community of tens of millions of humans mining and using Pi cryptocurrency, announced today that 10 million Pioneers have completed identity verification through its native Know Your Customer (KYC) solution, Pi KYC. The milestone was reached soon after a community challenge announced on PiDay, March 14.

Key Points: 
  • Pi KYC is a unique and proprietary approach that combines machine automation and crowdsourced, hyperlocal human verification to accomplish secure, accurate and efficient KYC.
  • It was born out of a lack of scalability, financial accessibility and global reach from other third-party market solutions.
  • Perhaps more excitingly, Pi's crypto-native solution will allow other Web3 services involving ownerships of assets to achieve their identity verification needs through Pi.
  • "For Pi, Open Network has never been the ultimate destination, but rather a new beginning that includes expanded potential for utilities, new members, and a lot of excitement about the future of Web3."

IDnow bridges the AI-human divide with new expert-led video verification solution

Retrieved on: 
Tuesday, April 16, 2024
PEPS, Geography, Projection, AI, VIP, AML, KYC, Deepfake, Telecommunications, Intuition, Knowledge, Disability, Fraud

LONDON, April 16, 2024 /PRNewswire/ -- IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

Key Points: 
  • LONDON, April 16, 2024 /PRNewswire/ -- IDnow , a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction.
  • As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules.
  • Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: "VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition.
  • Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.

IDnow bridges the AI-human divide with new expert-led video verification solution

Retrieved on: 
Tuesday, April 16, 2024
PEPS, Geography, Projection, AI, VIP, AML, KYC, Deepfake, Telecommunications, Intuition, Knowledge, Disability, Fraud

LONDON, April 16, 2024 /PRNewswire/ -- IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

Key Points: 
  • LONDON, April 16, 2024 /PRNewswire/ -- IDnow , a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction.
  • As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules.
  • Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: "VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition.
  • Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.

Flash News: OKX Ventures Announces Strategic Investment in Privasea, a Data Infrastructure Platform Powered by DePIN and AI Technology

Retrieved on: 
Tuesday, April 16, 2024
Testnet, News, Nifedipine, AI, Machine learning, FHE, KYC, Privacy, Disk encryption, OKX, Cryptocurrency

SINGAPORE, April 16, 2024 /PRNewswire/ -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for April 16, 2024.

Key Points: 
  • SINGAPORE, April 16, 2024 /PRNewswire/ -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for April 16, 2024.
  • OKX Ventures Announces Strategic Investment in Privasea, a Data Infrastructure Platform Powered by DePIN and AI Technology
    OKX Ventures is pleased to announce that it has invested in Privasea , a data infrastructure platform.
  • Privasea allows multiple parties to collaborate without revealing sensitive information, ensuring the privacy and security of data during the AI computation process.
  • Recent news about tech giants harnessing data for AI development highlights the critical role of quality information in making informed decisions.