720-891-1663

Cloud Vendors Say “Know Your Customer” Rule is “Hard”

A Presidential Executive Order (EO) is making its way though the approval process which, if approved, would require cloud vendors like Google and Amazon to identify who is buying server time from them. This is very similar to what banks and other financial institutions have been doing for decades. But Google’s and Amazon’s trade group […]

Continue reading → [DISPLAY_ACURAX_ICONS]

Generative AI Could Make Banks’ ‘Know Your Customer’ Effectively Useless

Know Your Customer or KYC is a mandate of federal law for the financial services community such a banks, brokers and fintech. Often companies use “ID images” to confirm a person is who they say they are. Even some cryptocurrency platforms rely on this. Viral posts on Reddit and other social media show how, using […]

Continue reading → [DISPLAY_ACURAX_ICONS]