“Knowing Your Customer” or “Knowing Your Client” is integral for financial institutions and other businesses dealing with sensitive information. KYC remediation capabilities have grown considerably over the past few years, proving essential in keeping businesses safe. Recently, a new development that impacts facial recognition technology has helped KYC remediation grow even more robust. What Is KYC Remediation?
Forex trading, otherwise known as foreign exchange currency trading, is a global market that regularly trades the world’s currencies. The decentralized exchange is considered the world’s most liquid market. Each day, the market sees an average trading volume of approximately $5 trillion.
Card issuers, banks, and financial institutions have a serious and growing problem. Money launderers are making use of the most sophisticated technology available to hide their tracks, and today’s risk analysts are often overwhelmed with false positives.
Over the past few years, manufacturers have advanced the camera capabilities of their smartphones considerably. The first phones featured a single camera lens on the back of the phone. Soon after that, manufacturers started placing a camera on the front of the phone.
Today’s technology has made facial recognition more prevalent than ever. This is primarily due to AI-based machine learning. Machine learning technology now gives computers the capability to learn without explicitly being told to do so by a user. These computers can learn from data, which allows them to make predictions based on data that they have not yet received. Machine-learning computers don’t exhibit a relationship between its inputs and its outputs.