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Gen AI could make KYC effectively useless
TechCrunch techcrunch.com
KYC, or “Know Your Customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who they say they are. Wise, Revolut and cryptocurrency platforms Gemini and LiteBit are among those […]
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ai authentication banks cryptocurrency customer customers financial financial institutions fintech gemini gen gen ai generative-ai identity images know your customer kyc person platforms process revolut security startups verify wise