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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That compares to 39% of global or national banks with more than $10 billion in assets. Financial institutions have several reasons they may be reluctant to embrace generative AI.

Examples 222
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Authenticating Combines Verification Services To Prevent Identity Fraud

PYMNTS

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. Personally identifiable consumer information is encrypted end-to-end, then anonymized, de-personalized and bifurcated to ensure that the data is secure.

Fraud 108
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Outfoxing The Cyberfraudsters In Real-Time With Live IDs

PYMNTS

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. The customer base includes customers as varied as Conbase, AirBnB, EasyJet, National Crime Check and a large number of banks and financial institutions around the globe.

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AML/KYC Compliance Just Got Harder

PYMNTS

In the latest PYMNTS AML/KYC Tracker®, we learn that crypto is increasingly being defined as a security, not a currency – but either way, it’s getting a lot more scrutiny. The United Nations (UN) actually wants to use identity to help end poverty, calling for a digital ID for every living person by 2030. Know Your Criminals.

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CEO Interview: Jumio’s Stephen Stuut

Fintech Labs Insights

Here’s what CEO Stuut had to say about his company, its current initiatives, and what we can expect from the Palo Alto-based security specialist in the months and years to come. Finovate: Where will ID scanning and technologies like FaceMatch make the biggest impact in terms of replacing passwords and security codes?