The cat and mouse game of criminals vs. regulators and compliance teams can feel intense, and the stakes are high. With advanced AI and deep learning technologies like deepfake, fraudulent activity is easier, cheaper, and more sophisticated than ever before. However, the same advancement in tools and technologies is exactly what’s needed to fight back, and even get ahead.

In this episode of KYC Decoded, we are happy to share the mic with deepfake experts David Thomas, Head of Product - Global Documents & Biometrics at GBG, and Paul Warren-Tape, Head of Risk and Compliance at IDVerse. Their gripping conversation with host Alex Pillow explores questions like:

• What are deepfakes and how are they created?
• What are the far-reaching consequences of using deepfake technologies for nefarious activity, and who are the victims?
• How do we know what to trust when we can’t rely on our eyes and ears alone?
• What controls and technologies are needed in the identification space?
• Who is leading the way in getting ahead of fraudsters?
• How can we use powerful technology ethically and responsibly?

Please listen to the episode wherever you get your podcasts, and if you are curious to learn more, check out the recommended resources below:

• Coded Bias documentary
• Gartner report: Emerging Tech: Combating Deepfakes, Deception and Disinformation in Multimedia Content
• IDVerse report: The Truth About Identity and Inclusion
• The Social Dilemma documentary
• GBG resources and insights library
• National Institute for Science and Technology (NIST) Cybersecurity Framework

If you would like to chat with Moody's about mitigating financial crime risk in your organization, please visit our website and get in touch. We would love to hear from you.