Inx Launches AWS AI-Based KYC Review Proof of Concept
IT DAILY ·
✦ AI Summary
Infinity Exchange Korea (Inx) has begun a proof of concept (PoC) to advance anti-money laundering (AML) operations using AWS generative AI technology.
The verification is focused on KYC reviews, with AI first screening submitted ID documents for signs of possible forgery or alteration to support reviewers.
Inx plans to use the verification to improve the efficiency and consistency of KYC and AML review operations, and to later expand into analysis of suspicious transaction detection results, support for on-chain risk investigations, and customer service support.
Infinity Exchange Korea (Inx) said on the 14th that it has begun a proof of concept (PoC) to verify the potential for advancing anti-money laundering (AML) operations and applying them to operational environments using Amazon Web Services (AWS) generative AI technology. Inx is pushing ahead with providing B2B2C backend infrastructure that supports links to digital asset functions while banks, securities firms, and fintech companies maintain their existing customer touchpoints.
Under this structure, ordinary financial consumers continue to use the banks and securities firms they already use, while the operating foundation for the service is Inx’s compliance system. Inx is currently carrying out an AML-related PoC using AWS generative AI to strengthen the compliance capabilities needed in this structure.
This verification is focused on know-your-customer (KYC) reviews. AI first screens ID documents submitted by users for signs of possible forgery or alteration, and the function of this AI screening system is to support reviewers. The verification is being conducted on the assumption of a real operating environment.
The photo shows Inx employees and AWS officials posing for a commemorative photo after a collaboration session.
Previously, KYC work fell within the realm of visual verification by reviewers, but if AI presents major warning signs and review priorities, reviewers can focus on determining high-risk cases. This structure is not meant to replace human judgment, but rather to increase precision by narrowing the areas that require judgment.
Through this verification, Inx plans to improve both the efficiency and consistency of KYC and AML review operations. Looking ahead, depending on plans to expand the scope of AI adoption, it plans to broaden the target areas to include analysis of suspicious transaction detection results, support for on-chain risk investigations, and customer service support.
Lee Jae-gang, CEO of Inx, said the purpose of verifying the KYC review support system using AWS generative AI is to build infrastructure that eases compliance burdens for partner companies. He added that the company plans to make regulations the foundation of trust in its digital asset business, and that it does not view regulation simply as a cost.
Source: IT DAILY · Kwon Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=241013
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Source: IT DAILY
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