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.

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Deepfake Scams Fraud Detection Verification 123

Fintech News

NOVEMBER 6, 2024

In response to the growing threat of deepfake technologies, Ant International has also developed an advanced anti-deepfake electronic Know Your Customer (e-KYC) tool. This system, which has a detection success rate exceeding 99%, was developed over two years to counter AI-assisted fraud and bolster transaction security.

Cross-Border 104

Cross-Border AI Deepfake Transactions 104

Fintech Finance

NOVEMBER 7, 2024

To counteract AI-assisted cyberattacks, Ant International has developed an anti-deepfake electronic Know Your Customer (e-KYC) tool over two years.

Cross-Border 97

Cross-Border Deepfake AI Transactions 97

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 98

Verification Deepfake AI Identity Theft 98

The Payments Association

OCTOBER 22, 2024

While this marks a significant step toward protecting consumers from authorised push payment (APP) fraud, concerns remain that the reduced compensation cap may leave some victims vulnerable. Further, it is unclear whether the rules address the complexities and evolving fraud tactics. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

The Fintech Times

SEPTEMBER 11, 2024

AI-powered fraud-as-a-service (FaaS) platforms have enabled these mass-scale attacks, contributing to APAC now holding the highest global fraud rate, with 3.27 Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.

Bots 58

Bots Deepfake Automation APACS 58

Seon

JUNE 27, 2024

How can the technology driving novel and increasingly sophisticated fraud activities be harnessed to combat scams and cyber risks cost-efficient and effectively? These advancements have changed the way we approach cybersecurity and fraud detection. Learn More Sources : 1.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52