Greg Woolf, CEO at the security firm FiVerity, talks about how machine learning can be used to detect synthetic ID fraud. The Federal Reserve bank has published three white papers on this type of fraud. Regulators are also considering issuing regulatory changes as well as devising updated definitions of synthetic ID and money laundering fraud, he says. Woolf has advised the U.S. Congress on how AI can improve financial crime detection. He has more than 20 years of experience running FinTech companies.”]
Source: https://www.cuinfosecurity.com/battling-against-synthetic-id-fraud-a-15351