Know your customer (KYC) stories

SEON posts over 80% ARR growth, boosts API usage 250% and secures USD $80 million Series C to scale AI-powered fraud and AML platform.

BioCatch warns AI shopping agents will turbocharge online fraud, urging banks and retailers to distinguish helpful bots from criminal misuse.

Hayo upgrades its national mobile registry to spot SIM swaps in milliseconds and track stolen devices, targeting governments and operators.

Select ID becomes UK’s only dedicated identity orchestration network with DIATF status and ISO 27001, boosting reusable digital IDs for finance.

Fourthline wins Celent Luminary status plus top tech awards for its AI-driven KYC identity verification platform used by leading fintechs.

Credas and DezrezLegal complete first live home move using a reusable digital compliance wallet to cut repeated ID checks in conveyancing.

Zama predicts privacy-first compliance tools and quantum-safe cryptography will become standard for regulated onchain finance by 2026.

AI-powered ‘Truman Show’ scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims’ digital identities.

Outdated, inaccurate and duplicate records are crippling data-driven decisions, but simple verification and cleansing tools can reverse the damage.

Credit card fraud now has the UK’s highest repeat-offending rate, with 23% of perpetrators striking again as schemes grow more organised.

iProov and HYPR integrate liveness checks with passwordless login to stop deepfake workers infiltrating enterprises at onboarding.

A leading fraud expert says the FCA’s new Firm Checker will boost transparency but leave sophisticated social engineering scams largely untouched.

iProov and HYPR partner to embed biometric liveness checks into workforce onboarding, tackling deepfake and synthetic identity fraud.

Affinidi is piloting a digital hiring passport for India-Singapore, turning background checks into reusable, cryptographically secure credentials.

Dark web vendors sell UK ID packs for about USD $30, helping criminals bypass biometric checks at banks and fintechs, AMLTRIX warns.

OSINT investigators say data is now both their biggest barrier and opportunity, turning to AI to tame overload and plug critical gaps.

Accurate address data is emerging as a critical, often overlooked weapon in the fight for reliable digital identity verification and fraud control.

1Kosmos and Reality Defender have teamed up to embed real-time deepfake detection into remote identity checks amid a surge in AI fraud.

Incode launches Deepsight AI, a three-layer defence to spot and block deepfakes in real time for banks, tech platforms and governments.

Group-IB launches a GDPR-compliant platform for banks to share real-time fraud risk signals, tackling rising losses such as GBP £600 million in the UK.