Using AI in identity verification: What fintechs can do to curtail Gen AI fuelled fraud.
As Gen AI becomes more common place, fintechs must consider the lasting impact it can have on the industry. While the tech can be a powerful tool that helps drive efficiency, it also has the potential to fuel fraud.
Joel Sequeira, our Director of Product Management, joined the Fintech Nexus One on One podcast on what fintechs and banks can to do to fight back against trending fraud threats.
In this podcast you will learn:
· The challenges for fintechs and banks in automating customer onboarding
· How to define advanced identity verification
· The role of human-supervised AI and how to maintain compliance
· Examples of how Generative AI is being used to commit fraud.