Deepfake, Fraud Detection and Fraud Prevention

Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

MARCH 19, 2025

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime.

Fraud Prevention

Fraud Prevention Fraud Detection Payment APIs and Integration Verification

Identity Fraud Attacks on Social Media Rose by 27% in 2024 Alone, Reveals AU10TIX

The Fintech Times

FEBRUARY 14, 2025

Dan Yerushalmi , CEO of AU10TIX “FaaS has elevated cybercrime, enabling a whole cohort of the population to join in on global fraud by launching large-scale attacks involving up to over 8,000 incidents,” explained Dan Yerushalmi , CEO of AU10TIX.

Deepfake

Deepfake APACS Law Enforcement Fraud Detection

Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

APRIL 9, 2025

. “Our solution helps Security Bank deliver the experience their customers expect, while maintaining the highest standards of security and fraud prevention.” The technology combines robust security features with advanced fraud detection capabilities including as deepfake detection.

Security

Security Verification Deepfake Fraud Detection

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

APRIL 7, 2024

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive. ” says Wells.

Deepfake

Deepfake Scams Fraud Detection Verification

The growing threat of AI-enabled fraud

Neopay

JANUARY 22, 2025

According to a recent report by the National Crime Agency (NCA), GenAI represents one of the most substantial threats to the fraud landscape today. Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent.

AI

AI Deepfake Phishing Audit

LexisNexis Risk Solutions Agrees to Acquire IDVerse

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk

Risk Acquirers Deepfake Fraud Detection

Deepfake fraud has increased by 2,137% over the last 3 years

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

Deepfake

Deepfake Fraud Detection Account Takeovers Fraud Prevention

LexisNexis Risk Solutions Completes Acquisition of IDVerse

Fintech News

FEBRUARY 19, 2025

LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. It also detects fraudulent submissions using liveness detection and AI-powered fraud prevention tools. The terms of the deal were not disclosed.

Risk

Risk Deepfake Fraud Detection Fraud Prevention

Traditional Fraud Prevention Measures Aren’t Enough

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. The global market for fraud detection and prevention solutions is expected to reach over $50 billion this year.

Fraud Prevention

Fraud Prevention Deepfake Fraud Detection Authentication

Vixio Releases APP Fraud Outlook Report

Fintech Finance

MARCH 4, 2025

Both financial institutions and regulators have put fraud prevention and detection in the forefront for 2025. Fraud was ranked as one of the top three priorities for 2025 among payment organisations surveyed in Vixios 2025 Payments Compliance Outlook.

Fraud Prevention

Fraud Prevention Deepfake Scams Fraud Detection

The PSR’s new fraud refund rules: A step forward, but is it enough?

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules

Rules Fraud Prevention Caps Deepfake

SNEAK PEEK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

Financial Crimes

Financial Crimes Crime Fraud Prevention AML

ID-Pal Joins The Payments Association to Lead the Fight Against AI-Fraud in the Payments Industry

Fintech Finance

FEBRUARY 20, 2025

The move comes as Deloittes Center for Financial Services warns that fraud losses driven by generative AI could reach $40 billion in the US alone by 2027. The rising sophistication of AI-generated deepfake images and videos poses an increasing risk to the payments industry, making advanced fraud detection more critical than ever.

AI

AI Deepfake Verification Fraud Detection

ID-Pal Forges Strategic Partnership with CLOWD9

Finovate

SEPTEMBER 18, 2024

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.

Fraud Detection

Fraud Detection Verification Payment APIs and Integration OFAC

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Johnny Ayers is Socure’s founder and CEO.

Credential

Credential FinTech Deepfake Fraud Detection

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI

AI Fraud Detection Fraud Prevention Phishing

Online Lending Round Table Takeaways: Navigating Fraud and Risk in 2024

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.

Risk

Risk Fraud Prevention Risk Management Deepfake

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule.

Verification

Verification Travel Rule Multi-Currency Compliance

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Fraud Prevention

Fraud Prevention Process FinTech Online and Mobile Banking

Leveraging AI & Innovative Tech to Combat Emerging Complex Fraud Schemes

Seon

JUNE 7, 2024

Add in the emergence of deepfake technologies that allow fraudsters to impersonate individuals through manipulated videos or audio, adding an extra layer of authenticity to deceitful tactics, and the landscape of fraud becomes even more difficult to parse. million for a purported new headquarters building in an email scam.

AI

AI Innovation Fraud Prevention Fraud Detection

Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

Verification

Verification Deepfake AI Identity Theft

Navigating the rise of AI-enabled fraud

The Payments Association

DECEMBER 10, 2024

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. These tools leverage machine learning algorithms to continuously learn and adapt, enabling them to spot evolving fraud tactics that may otherwise go undetected by static rule-based systems.

AI

AI Fraud Detection Fraud Prevention Deepfake

Fintech Meetup 2025 Review: Speed Networking and In-Depth Content in Vegas

The Fintech Times

MARCH 14, 2025

Within wider AI-driven topics fraud detection was an interesting one, in the session Dealing with AI, Fighting on both sides of Financial Fraud, experts discussed the dual role of AI, both as a weapon for fraudsters and a defence mechanism for financial institutions. Fraud prevention is an arms race, he said.

FinTech

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI

Payments Space

Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Identity Fraud Attacks on Social Media Rose by 27% in 2024 Alone, Reveals AU10TIX

Trending Sources

Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

The growing threat of AI-enabled fraud

LexisNexis Risk Solutions Agrees to Acquire IDVerse

Deepfake fraud has increased by 2,137% over the last 3 years

LexisNexis Risk Solutions Completes Acquisition of IDVerse

Traditional Fraud Prevention Measures Aren’t Enough

Vixio Releases APP Fraud Outlook Report

The PSR’s new fraud refund rules: A step forward, but is it enough?

SNEAK PEEK: Unveiled: 2024 Key Financial Crime 360 findings

ID-Pal Joins The Payments Association to Lead the Fight Against AI-Fraud in the Payments Industry

ID-Pal Forges Strategic Partnership with CLOWD9

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

Online Lending Round Table Takeaways: Navigating Fraud and Risk in 2024

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Leveraging AI & Innovative Tech to Combat Emerging Complex Fraud Schemes

Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion

Navigating the rise of AI-enabled fraud

Fintech Meetup 2025 Review: Speed Networking and In-Depth Content in Vegas

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