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2026-10-19 13:21:45 UTC

flash on Nostr: ⚡️👀 ICYMI - Sam Altman wants to enable banks to verify that their customers ...

⚡️👀 ICYMI - Sam Altman wants to enable banks to verify that their customers are actually humans, not artificial intelligence.

His World project has just launched “World ID for banking and finance,” a technology that proves a real person is behind a banking transaction, primarily through biometric iris verification.

Bain Capital, VanEck, and Pantera Capital are among the initial partners. The system also allows users to authorize AI agents to perform certain transactions on their behalf, while retaining cryptographic proof of their human identity.

According to Deloitte, losses from AI-powered fraud could reach $40 billion annually in the United States by 2027.