Fintech News

MARCH 20, 2024

This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Research by Sumsub shows that one in every 100 users of digital platforms globally became a victim of fraud ring activities in 2023. Businesses must be prepared for this and protect their platforms in advance”.

APACS 80

APACS Fraud Prevention Deepfake Account Takeovers 80

Fintech News

JUNE 6, 2024

The bank’s customers also fell victim to a phishing scheme involving WhatsApp Web that ensnared more than 90 individuals in 2023, causing losses totalling S$176,000 (approx. A notable example is the recent US$25 million scam in Hong Kong, where scammers used deepfake technology to impersonate company executives in a video call.

Scams 82

Scams Phishing Deepfake Verification 82

The Fintech Times

AUGUST 13, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

The Fintech Times

DECEMBER 21, 2023

We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. “As hackers continue to gain access to powerful AI tools, we can expect this trend to gain greater prominence in 2024.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115