Based on Bijié Wǎng, the financial industry is increasing investments in identity verification (IDV) to combat deepfake fraud and build digital trust. Regula's survey shows that the proportion of institutions planning to increase their IDV budgets by more than 50% within two years has tripled to 15%. Senior executives are driving this shift, viewing IDV as a growth engine rather than a compliance cost. The U.S. leads with 22% of companies planning such budget increases. This trend is expanding beyond finance into sectors like aviation and healthcare as businesses integrate IDV into their core trust strategies.
Financial Sector Boosts Identity Verification Investments to Combat Deepfake Fraud
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