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Tag: facial recognition

Selfie Verification Specialist Joins Consortium To Ensure Crypto AML Compliance – CryptoInfoNet

IDnow has joined a consortium that will work to make crypto companies compliant with the European Union’s Anti-Money-Laundering Regulation and the Transfer of Funds...

AI Regulatory Framework Gets Green Light from EU Lawmakers

Two European Parliament committees focusing on civil liberties and consumer protection have approved a provisional agreement on the AI Act, establishing the first comprehensive...

What Is a Mobile Wallet: Exploring Types, Benefits and Usage

The global mobile payments market is expected to reach USD 408.96 billion by 2029. The switch to digital wallets is not only convenient, but also...

Create AI pro register to uphold ethics, says BCS

Creating a register of licensed AI professionals to uphold ethical standards and securing whistleblowing channels to call out bad management are two policies that...

YOU WILL Get Suckered By An AI-enabled Deep Fake

Why? Because human beings trust by default. Without trust, we wouldn’t survive as a species. From the day we come out of our mama,...

What Are Digital Payments: Trends, Methods, and Technologies

Like everything else in our world, payment transactions are rapidly shifting towards digitalization. Could we have imagined a decade ago that we would be...

Use Next-Gen FinTech to encrypt your digital payments instead of the OTP

In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to...

Microsoft Adds Face Check to Entra Verified ID

Microsoft has added facial matching to its Entra Verified ID service, which lets organizations create and issue verifiable credentials to validate claims such as...

Deepfake CFO Dupes Employee $25.6M in Hong Kong AI Scam

A finance worker at a Hong Kong-based multinational reportedly lost HK$200 million ($25.6 million) of company money after fraudsters used deepfake AI technology to...

Deepfake CFO tricks Hong Kong biz out of $25 million

A Hong Kong-based finance professional at a multinational was reportedly swindled out of $25 million (HK$200 million) of company money when scammers created a...

Is there a Space for Spatial Banking on the Apple Vision Pro Platform?

Will the launch of Apple Vision Pro start the next digital revolution? With the launch of Vision Pro, Apple intends to shift the digital world...

We don’t need Spatial branches, we need a Vision for better banking

Just a year ago there was hype about the Metaverse. Major banks such as Standard Chartered, HSBC, DBS have spent millions acquiring land for...

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