Finovate

SEPTEMBER 10, 2024

Illuma for its innovations in deepfake detection that enable community financial institutions to keep their members and customers connected with their funds in a convenient and secure manner. Eko Investments for its platform that offers investments via a financial advisor to all clients–and not just the top 1%–starting from $10.

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Deepfake Innovation Advisors Risk Management 105

Finovate

MARCH 29, 2024

Schick also discusses use cases for Generative AI in financial services and the threat posed by AI-powered deepfakes. An author, advisor, and keynote speaker, Schick is an expert in synthetic media, deepfakes, disinformation, cybersecurity, and the geopolitics of technology.

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AI Deepfake Fraud Detection Advisors 59

Fintech News

JANUARY 17, 2024

In 2021, over 60 percent of India’s 53,000 reported cybercrime cases were fraud-related, with criminals exploiting weaknesses in digital banking and e-commerce. Ongoing behavioural monitoring post-onboarding also helps spot fraudulent accounts created using synthetic identities.

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Deepfake APACS Scams Authentication 119

Fintech News

MARCH 26, 2024

Binance, which has been a client of Sumsub since 2021, aims to bolster its international compliance efforts through this alliance. Featured image credit: Edited from Freepik The post Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions appeared first on Fintech Singapore.

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Travel Rule Rules Compliance Transactions 115

Fintech News

JUNE 6, 2024

From December 2021 to January 2022, close to 800 individuals fell victim to an SMS phishing scam where fraudsters impersonated OCBC. Frederic Ho, VP, Asia Pacific, Jumio “However, with the rise of advanced deepfake and face-swapping technologies, relying solely on biometric identity verification is no longer adequate.

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Scams Phishing Deepfake Verification 102

Finovate

MAY 16, 2024

A 2021 report from FINCEN revealed that false records and forgery are responsible for more than $45 billion in fraud activity annually. Fraudsters also have become more effective at leveraging AI to deploy deepfakes, synthetic identities, and – in the case of document fraud – falsified records.

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Authorization Verification OFAC Deepfake 59

The Fintech Times

MARCH 28, 2024

Ensuring interoperability in the crypto space Founded in 2017, Binance has been among Sumsub’s clients since 2021. According to its findings, Travel Rule remains one of the two main challenges for crypto companies worldwide, the other one being more advanced fraud methods such as AI-generated deepfakes.

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Travel Rule Rules Interoperability Deepfake 64