Deepfake, Fraud Prevention and Verification

Deepfake Fraud Jumps by 194% in APAC, as Fraud-as-a-Service Becomes More Widespread, Sumsub Reveals

The Fintech Times

NOVEMBER 19, 2024

Identity fraud across the Asia Pacific region (APAC) continues to rise, driven by increasingly sophisticated fraud tactics and the more widespread use of Fraud-as-a-Service (FaaS), according to the latest report from full-cycle verification platform, Sumsub.

Deepfake

Deepfake APACS Account Takeovers Identity Theft

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

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

Deepfake

Deepfake Scams Fraud Detection Verification

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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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 rise of deepfake technology presents another significant threat to biometric authentication systems.

Fraud Prevention

Fraud Prevention Deepfake Fraud Detection Authentication

Socure adds selfie reverification with deepfake detection

Finextra

AUGUST 9, 2024

Socure, the leading provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, has announced Selfie Reverification – a way to validate return consumers online with a simple selfie from any device in under 2 seconds.

Deepfake

Deepfake Fraud Prevention Verification Returns

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. 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?

Verification

Verification Travel Rule Multi-Currency Compliance

Sumsub Combats Fraud Networks in APAC With Upgraded Solution

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. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS

APACS Fraud Prevention Deepfake Account Takeovers

LSEG Risk Intelligence Launches New Security Solutions to Mitigate Global Payments and Identity Risk

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence , the compliance, risk management and fraud prevention solution provider, has launched two new products designed to enhance financial security and drive operational efficiencies across the globe. It requires that all payment service providers within the bloc offer 24/7 instant payments starting January 2025.

Mitigation

Mitigation Risk Global Payments Deepfake

Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia.

Identity Theft

Identity Theft APACS Deepfake Money Laundering

Organisations Remain Unprepared to Fight AI-Driven Fraud, Signicat Reveals

The Fintech Times

JUNE 2, 2024

Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report.

AI

AI Fraud Prevention Account Takeovers Deepfake

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

Best of Show Winner Illuma Labs Raises $9 Million in Series A Funding

Finovate

SEPTEMBER 24, 2024

As the first major investment for the company, the capital will help accelerate the development of Illuma’s voice verification offerings to help banks and other institutions fight fraud, voice cloning, deep fakes, and more.

Credit Union

Credit Union Deepfake Authentication Fraud Prevention

How Digital Identity is Powering Southeast Asia’s Financial Revolution

Fintech News

SEPTEMBER 9, 2024

Battling the growing threat of deepfakes with digital identity But really, how important is digital identity to a flourishing digital banking ecosystem?

Deepfake

Deepfake PCI DSS Verification Financial Inclusion

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

Hastings Direct Loans Partners with IDVerse

Finovate

OCTOBER 3, 2024

Identity verification solution and infrastructure company IDVerse announced a partnership with Hastings Direct Loans. based lender will leverage IDVerse’s technology to enhance the accuracy and reliability of its identity verification process. IDVerse, as OCR Labs, won Best of Show at FinovateAsia in 2017.

Verification

Verification Deepfake Fraud Prevention User Authentication

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

AUGUST 14, 2024

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. Digital identity verification innovator Socure has unveiled its Selfie Reverification solution.

Credential

Credential FinTech Deepfake Fraud Detection

Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents. Not to mention videos too.

Deepfake

Deepfake Continuity Risk Smishing

Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

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. The benefits of digital identity verification extend beyond just enhanced security.

Scams

Scams Phishing Deepfake Verification

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. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI

AI Fraud Detection Fraud Prevention Deepfake

Announced at Money20/20 USA 2024: News Roundup from Las Vegas

The Fintech Times

OCTOBER 30, 2024

This year’s extravaganza brought together some of the most innovative minds in fintech, with a range of new product launches and partnerships aimed at advancing payments, financial services and identity verification. Here’s a roundup of the key announcements at Money20/20 USA 2024. ” said Dan Yerushalmi , CEO of AU10TIX. .”

Deepfake

Deepfake Verification BNPL Payment APIs and Integration

ID-Pal Forges Strategic Partnership with CLOWD9

Finovate

SEPTEMBER 18, 2024

Identity verification specialist ID-Pal announced a global strategic partnership with CLOWD9. The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. ID-Pal made its Finovate debut at FinovateFall 2024 in New York.

Fraud Detection

Fraud Detection Verification Payment APIs and Integration OFAC

Payments Space

Deepfake Fraud Jumps by 194% in APAC, as Fraud-as-a-Service Becomes More Widespread, Sumsub Reveals

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

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

Webinars

Traditional Fraud Prevention Measures Aren’t Enough

Socure adds selfie reverification with deepfake detection

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Sumsub Combats Fraud Networks in APAC With Upgraded Solution

LSEG Risk Intelligence Launches New Security Solutions to Mitigate Global Payments and Identity Risk

Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Organisations Remain Unprepared to Fight AI-Driven Fraud, Signicat Reveals

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

Best of Show Winner Illuma Labs Raises $9 Million in Series A Funding

How Digital Identity is Powering Southeast Asia’s Financial Revolution

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

Hastings Direct Loans Partners with IDVerse

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Em Conversa: Fighting AI Fraud With AI With Lynx Tech

Announced at Money20/20 USA 2024: News Roundup from Las Vegas

ID-Pal Forges Strategic Partnership with CLOWD9

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