The Fintech Times

AUGUST 14, 2024

Generative AI, when used correctly, can be a great tool that aids innovation. In the wrong hands, however, it can be incredibly harmful, especially with the emergence of deepfakes. Seventy per cent believe these fakes using generative AI will have a big impact on their organisations. AI: friend or foe?

Deepfake 75

Deepfake AI Phishing Ransomware 75

Fintech News

JUNE 30, 2024

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. The rise of gen AI Businesses in APAC are actively experimenting and deploying gen AI.

AI 103

AI APACS Deepfake Economy 103

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. The incidence of network fraud in APAC is notably higher than in other regions, with Asia reporting an average of 2.6%

APACS 101

APACS Fraud Prevention Deepfake Account Takeovers 101

The Fintech Times

SEPTEMBER 11, 2024

AU10TIX, a company specialising in identity verification and management, also reveals significant vulnerabilities in the Asia-Pacific (APAC) region, where financial-related identity fraud has been escalating. Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.

Bots 59

Bots Deepfake Automation APACS 59

Fintech News

JANUARY 17, 2024

Tackling such sophisticated identity fraud will be a priority across APAC in 2024. APAC nations face unique fraud challenges In the Jumio report, a concerning picture emerges for the Asia-Pacific (APAC) region, where significant challenges related to fraud and identity issues are on the rise.

Deepfake 119

Deepfake APACS Scams Authentication 119

Fintech News

JULY 10, 2024

Sumsub reports significant increases in fraud, particularly in deepfakes, across the Philippines, Indonesia, and Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023. With rising fraud and the growing accessibility of AI tools, the demand for our verification and compliance solutions has never been higher.

Identity Theft 98

Identity Theft APACS Deepfake Money Laundering 98

Fintech News

JUNE 6, 2024

“Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio. Losses exceeded S$13 million (US$9.59

Scams 102

Scams Phishing Deepfake Verification 102