Inefficient KYC and Onboarding Processes are Losing Global Banks Clients, Fenergo Warns

Reported by The Fintech Times The number of global banks losing clients to slow and inefficient know-your-customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the KYC, client lifecycle management (CLM) and transaction monitoring solution provider. Through a study of over 450 C-level executives across corporate, institutional […]

AI Deception: How Generative AI is Being Weaponized for Fraud

Reported by Trupti Bavalatt Generative AI technology that can be used to create fresh content like text, images, audio, and even videos, much like a human would.This technology has become incredibly popular and widespread. A report from Europol predicts that 90% of online content could be AI-generated within a few years. However, Generative AI is […]