{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The ID Talk Podcast","title":"Fold’s Will Reeves on Why Risk Teams Make or Break Fintechs","html":"","width":"100%","height":180,"duration":2177,"description":"What does it take to run a digital banking platform when fraud tactics change every day? In this episode of ID Talk, hosts Tony Bitzionis and Alex Perala speak with Will Reeves, founder and CEO of Fold, the financial services company behind an app that pays its rewards in bitcoin. Reeves explains how Fold works with partner banks to offer checking accounts, debit and credit cards, bill pay and bitcoin purchases, and why he sees fraud prevention as the deciding factor in whether a fintech survives.\nThe conversation also covers Fold's move to Persona for identity verification, the pandemic-era wave of fraud aimed at digital banks, and the risk created when every financial institution must collect and store sensitive KYC documents. Reeves discusses how AI is raising the stakes for attackers and defenders alike, why he believes efforts to slow AI development would leave defenders worse off, and the privacy-preserving approaches, such as zero-knowledge proofs and reusable KYC, that he says government officials are beginning to explore. Whatever form it takes, he argues, identity verification \"will always need to be here.\" ","thumbnail_url":"https://img.transistorcdn.com/fLLk8--QBFmhGTLcAVATFGMwmqNwAGxBB8oCwjGr_5o/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wZDk1/MzdlOTJiM2IxN2Fh/MzgwM2E2NmM5YzRm/NzU5Yy5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}