Author: jackoliver

92% of businesses believed that the existing Know Your Customer, KYC onboarding procedures cost about $28.5m. According to a Thomson Reuters study. On the other hand, according to UN estimates, the cost of international money laundering yearly ranges from $800 billion to $2 trillion, or 2-5% of world GDP. Regulatory organisations are pressuring firms further by upgrading Anti-Money Laundering (AML) compliance rules in an effort to boost detection rates in light of this gap and reports that just 1% of money laundered can be found and dealt with by the authorities. This blog discusses five crucial actions a company must…

Face recognition has proliferated as a biometric technique in recent years. With FaceID in the iPhone X, Apple has made its use more common, turning it from a futuristic technology to a common one. Other biometric recognition techniques have been surpassed by face recognition in terms of simplicity, usability, and convenience. Though the technology is weak. Non-real faces, such as those in portrait photos, can be used to trick face recognition equipment. Here comes the liveness detection to save this. Liveness detection must be embedded into the system of face recognition technology in order to make it secure. Face recognition…