Remove Deepfake Remove Fraud Detection Remove OFAC
article thumbnail

Socure and Proof Partner to Fight Fraud in Authorizations, Contracts, and Forms

Finovate

A 2021 report from FINCEN revealed that false records and forgery are responsible for more than $45 billion in fraud activity annually. Fraudsters also have become more effective at leveraging AI to deploy deepfakes, synthetic identities, and – in the case of document fraud – falsified records.

article thumbnail

ID-Pal Forges Strategic Partnership with CLOWD9

Finovate

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.