iDenfy, a global RegTech specialising in identity verification and fraud prevention solutions, shares its newest insights into the synthetic identity fraud crisis, introducing vital adjustments to its Know Your Customer (KYC) and Anti-Money Laundering (AML) platform. Company officials claim that fraud rates have increased at least 15% in various industries, especially in high-risk sectors like iGaming.
As a result, the best way to actually combat issues like synthetic ID fraud or gen AI fraud is not to entirely rely on software but to mix it with human reviews. For that, iDenfy provides its services as an example, allowing readers to take a peek at the newest software adjustments.
