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FutureBank Partners IDVerse To Fight Cybercrime - IT News Africa | Business Technology, Telecoms and Startup News

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FutureBank partners with IDVerse for swift, secure digital identity verification, advancing its digital transformation and customer onboarding

This partnership allows new FutureBank customers to access the IDVerse software as part of its offering. IDVerse customers seeking a middleware platform can connect their API credentials to leverage FutureBank’s platform.

FutureBank serves as an integration platform for core banking providers, embedding financial services. It serves as the bridge between a bank and a third-party provider they wish to integrate with, facilitating the faster, more secure launch of new products for banks and fintechs. IDVerse pioneers generative AI, using Zero Bias AI™ tested tech to train deep neural networks, guarding against race, age, and gender discrimination.

Russ Cohn, General Manager of EMEA at IDVerse, noted, “Creating a realistic fake identity in just 15 minutes is already quite simple using readily available online tools. Synthetic media is increasingly the go-to choice for fraudsters seeking illicit gains. We estimate a 400 percent year-on-year increase in the use of deepfakes for forging fake identities.

 

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