Sumsub’s AI-powered deepfake detection and fraud prevention will go a long way toward ensuring both companies meet high security standards.
Cryptocurrency faces a rising threat from deepfakes, with sophisticated artificial intelligence (AI)-generated fake identities multiplying at an alarming rate.
To combat this, exchanges like Bitget are partnering with Sumsub, a leading Know Your Customer (KYC) verification provider, to enhance security and protect users.
In a statement, Bitget said the collaboration aims to secure its 25 million users worldwide by identifying and preventing deepfake scams with an over 99% accuracy rate. Sumsub will provide Bitget with identity verification, facial biometrics, non-doc verification and database validation.