Gen AI could make KYC effectively useless

TechCrunch
By Kyle WiggersJan 8, 2024, 1:58 pm314 ptsTop
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…

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