DuckDuckGoose, a Netherlands-based leader in AI-driven deepfake detection, has partnered with Banco Daycoval, one of Brazil’s most trusted financial institutions. This collaboration aims to combat the rising threat of deepfake-based identity fraud, which has surged by over 400% in Brazil over the past two years.

Tackling the Deepfake Fraud Epidemic

• Escalating Cybersecurity Threats in Brazil

  • Brazil is experiencing an unprecedented rise in digital identity fraud.
  • Deepfake technologies are increasingly used by cybercriminals to bypass security measures.

• Banco Daycoval’s Proactive Approach

  • Integrated DuckDuckGoose’s DeepDetector into its Know Your Customer (KYC) processes.
  • Strengthens verification procedures by detecting deepfakes in real time.
  • Enhances fraud prevention while improving operational efficiency in banking.

Why Deepfakes Pose a Critical Risk

• Deepfakes are AI-generated media that convincingly mimic real individuals.
• Fraudsters use them to deceive financial systems and commit identity theft.
• As a highly targeted region, Brazil is leading the fight against this growing cybercrime trend.

Leadership Insights on the Partnership

• Parya Lotfi, CEO of DuckDuckGoose:

  • “Banco Daycoval is demonstrating exceptional vigilance in addressing today’s most sophisticated fraud threats.”
  • Highlights the partnership as a milestone in securing digital financial ecosystems.

• Banco Daycoval’s Impact:

  • Sets a benchmark for other financial institutions in Latin America.
  • Encourages the adoption of AI-driven security solutions to combat cyber threats.

The Future of Digital Security in Banking

• DeepDetector’s Role in Financial Security

  • Real-time deepfake detection enhances fraud prevention.
  • Improves digital onboarding and overall customer experience.
  • Increases operational efficiency while strengthening cybersecurity.

• Inspiring a Broader Industry Movement

  • The partnership encourages financial institutions to adopt cutting-edge AI security solutions.
  • Marks a significant step towards a safer and more trustworthy digital environment.

DuckDuckGoose and Banco Daycoval’s collaboration is setting a new standard in financial cybersecurity. By integrating AI-powered deepfake detection into banking processes, they are not only preventing fraud but also paving the way for a more secure financial ecosystem in Brazil and beyond.