AWS Powers Veriff to Prevent Identity Fraud
AWS News, Tuesday, June 13,2023
AI-powered global identity verification provider uses the machine learning capabilities of AWS to keep users and businesses safe, increase the transparency of digital interactions and counter the threat of identity fraud
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN) announced that Veriff, the global leader in identity verification, reinforces its IT infrastructure with AWS. Doing so will keep it ahead of increasingly sophisticated fraud attacks and ensure swift, safe digital services for everyone - from people applying for a loan to commuters in need of a ride.
Veriff's 2023 Identity Fraud Report revealed a 17.9% increase in fraudulent attacks during 2022. Bad actors and fraudsters are adopting emerging technologies including generative AI, as they attempt to steal identities, launder money and access customer accounts. Staying ahead of these threats requires Veriff to train and deploy its identity verification technology models faster, without compromising security.