How AI Regulation Will Impact Identity Verification Providers

Artificial intelligence (AI) has changed the digital world faster than any other technology in recent memory. AI is now at the centre of systems that check people's identities around the world, from automated KYC checks to fraud detection and biometric authentication. Companies like Savora and others use AI-driven technologies to provide verification that is faster and more accurate and meets modern security standards.

But as AI gets better, so do worries about things like algorithmic bias, deepfakes, the misuse of biometric data, privacy violations, and automated fraud. As a result, governments all over the world are passing new laws to regulate the growth, training, use, and supervision of AI. These requirements will likely change how identity verification (IDV) providers work in a big way.

This article goes into great detail about how AI regulation will affect identity verification providers, what changes businesses should expect, and why regulated AI might be good for the industry in the long run.