Remove Deepfake Remove Fraud Detection Remove Verification
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Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

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. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud.

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Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

The Fintech Times

This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated. 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

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AuthenticID Launches Deep Fake and Generative AI Detection Solution

Finovate

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. This works to bypass traditional fraud detection and identity verification methods.

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Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Why Sumsub?

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Socure and Proof Partner to Fight Fraud in Authorizations, Contracts, and Forms

Finovate

Digital identity verification innovator Socure announced a partnership with identity-secured transactions company Proof. The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms.

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Em Conversa: Fighting AI Fraud With AI With Lynx Tech

The Fintech Times

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?

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

Fintech Finance

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.