Fintech News

JANUARY 17, 2024

Ongoing behavioural monitoring post-onboarding also helps spot fraudulent accounts created using synthetic identities. The menace of deepfakes and disinformation The exponential growth of APAC’s digital economy also enables new disinformation threats.

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Finovate

AUGUST 15, 2024

Corsound AI Corsound AI enhances security against voice fraud with patented voice-to-face technology and deepfake detection, backed by over 200 autonomous AI patents. an innovative debt collections platform with AI Copilot Assistants, enhancing compliance, efficiency, and debtor communication. CSS CSS introduces IMPACT 3.0,

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Finovate

SEPTEMBER 24, 2024

Voice authentication technology innovator Illuma Labs has raised $9 million in funding. The company most recently demoed its technology on the Finovate stage earlier this month at FinovateFall , winning Best of Show for its latest deepfake detection technology that helps banks fend off a new generation of AI-enabled fraudsters.

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Fintech News

JUNE 30, 2024

Gen AI predictions Looking ahead, gen AI innovation is expected to continue growing. Finally, it highlights the rise of AI-powered cyberattacks, with deepfakes and email phishing attacks increasing substantially. In the fintech space alone, deepfake incidents rose by 700% in 2023 compared to the previous year.

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Fintech News

MARCH 26, 2024

” Jacob Sever Jacob Sever, co-founder and Chief Innovation Officer at Sumsub said, “Integrating with Global Travel Rule Alliance is a significant milestone for us, underscoring the importance of collaboration in the crypto space. .”

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Travel Rule Rules Compliance Transactions 111

Seon

SEPTEMBER 20, 2024

For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics. The round table discussion underscored these challenges’ complexity and highlighted the industry’s innovative spirit and collaborative mindset.

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Fintech News

DECEMBER 10, 2023

Getting a grip on identity fraud Sumsub Growing prevalence of AI-driven deepfakes, digital forgeries and identity ‘spoofing’ to obtain valuable personal and business data is impacting industries across the board. Customers are quickly embracing these AI-driven LLMs, but banks are cautiously advancing, prioritising data protection.

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Finovate

OCTOBER 3, 2024

Calling IDVerse’s technology a “perfect match,” Hastings Direct Loans Head of Digital, IT and Change, Sam Kerr added, “Hastings prides itself on giving our customers a fair, easy to understand loan process by implementing innovative technology solutions into our stack, which also enable our ambitious growth plans.

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Fintech News

MAY 14, 2024

However, this powerful technology has also been exploited by malicious actors to create deepfakes – highly convincing simulations of individuals saying or doing things they never actually did. Deepfakes have since evolved into a formidable challenge for conventional identity verification methods.

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Seon

MAY 23, 2024

Traditional anti-fraud methods, like device checks, two-factor authentication (2FA), biometrics and security questions, are outdated against emerging innovative technologies that are compelling new forms of sophisticated fraud. The rise of deepfake technology presents another significant threat to biometric authentication systems.

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Finovate

MAY 16, 2024

Digital identity verification innovator Socure announced a partnership with identity-secured transactions company Proof. A new partnership between digital identity verification innovator Socure and identity-secured transactions company Proof will bring new tools to the fight against fraud and forgery in authorizations, contracts, and forms.

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Fintech News

JUNE 6, 2024

Frederic Ho, VP, Asia Pacific, Jumio “However, with the rise of advanced deepfake and face-swapping technologies, relying solely on biometric identity verification is no longer adequate. Losses exceeded S$13 million (US$9.59 Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.

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Fintech News

FEBRUARY 18, 2024

Singapore is one of the world’s leading hubs for fintech innovation. But with innovation comes risk – especially around identity verification and fraud prevention. It’s a great example of how fintechs and regtechs can collaborate to enable digital finance innovation while building trust. Ready to learn more?

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Verification Travel Rule Multi-Currency Compliance 112

The Fintech Times

MARCH 28, 2024

Jacob Sever , co-founder and chief innovation officer at Sumsub, explained the importance of the development: “Integrating with Global Travel Rule Alliance is a significant milestone for us, underscoring the importance of collaboration in the crypto space.

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The Fintech Times

JUNE 15, 2024

Labour will ensure the safe development and use of AI models by introducing binding regulation on the handful of companies developing the most powerful AI models and by banning the creation of sexually explicit deepfakes.” Here’s what fintechs had to say about the manifesto.

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Fi911

OCTOBER 11, 2023

As technology continues to evolve at a breakneck speed, we are witnessing an uptick in innovative fraudulent schemes. The system can discern real individuals from static visuals, or people using deepfake technology to impersonate another user. The post How Does Liveness Detection Help Stop More Fraud appeared first on fi911blog.

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Fintech News

JUNE 18, 2024

Another ethical concern outlined in the report is the potential of gen AI to produce convincing deepfake content, which can lead to misinformation. The MGF-Gen AI aims to address gen AI concerns while fostering innovation, and calls for collaboration among policymakers, industry, researchers, and the public.

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Fintech News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat.

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Finovate

JANUARY 24, 2024

The European financial services scene is continuously evolving thanks to the pulse of innovation, technological shifts, and advances in consumer expectations. I’m eager to hear what the speaker, Nina Schick , has to say about applications of the technology within financial services and the relatively new threat of deepfakes.

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Seon

JUNE 27, 2024

Read More Advancements in AI Technology Innovations in machine learning, natural language processing and data analytics have led to the development of sophisticated algorithms capable of analyzing vast amounts of data in real time, identifying patterns and making predictions with remarkable accuracy. Learn More Sources : 1.

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Fintech News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat.

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Embedded Finance APACS Financial Inclusion CBDC 86

The Fintech Times

DECEMBER 21, 2023

“This is driving innovation in the cross-border payments space, as companies are developing new technologies to enable faster and more efficient payments. ” The post Payments 2024: Predictions With Brightwell, 40Seas, Wink, ConnectPay, Swipesum, Paystrax appeared first on The Fintech Times.

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The Fintech Times

JANUARY 17, 2024

Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware. Clearly, consumers recognise that addressing our financial crime challenges requires new and more innovative approaches.

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Finovate

APRIL 29, 2024

Episode 211 – Salman Hussain, Zeed Greg Palmer talks with Richard Weston, Sales Director with Tuum , on the latest innovations in core banking technology. Episode 210 – Richard Weston, Tuum Greg Palmer catches up with Corsound AI CEO Gal Haselkorn to discuss cutting-edge developments in voice intelligence and deepfake detection.

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Nanonets

AUGUST 7, 2023

In a world increasingly dominated by digital imagery, the convergence of artificial intelligence and computer vision has ushered in a new era of innovation. Post-Processing and Visualization Depending on the task, post-processing techniques may be applied to refine the model's outputs. What is AI Image Processing?

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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.

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Fintech News

MARCH 19, 2024

Okta , a publicly traded identity and access management firm, through its investment branch Okta Ventures, supports companies innovating within digital identity, privacy, and security. The post Accredify Becomes Okta Ventures’ First Investment in Singapore appeared first on Fintech Singapore.

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Finovate

JULY 29, 2024

In the past few years, companies like Corsound AI ( FinovateEurope 2024 Best of Show winner ) to 1Kosmos ( FinovateSpring 2023 Best of Show winner ) have stood out among fellow fintechs for their innovations in everything from deepfake detection to passwordless authentication.

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Cybersecurity Online and Mobile Banking Deepfake Breach 59

Finovate

MARCH 13, 2024

. “This partnership enables us to offer access to over one billion mapped addressses across multiple blockchains to those customers who use Sumsub’s Transaction Monitoring and Chainalysis crypto risk solutions,” Sumsub co-founder and Chief Innovation Officer Jacob Sever explained. Co-founder Andrew Sever is CEO.

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Finovate

FEBRUARY 8, 2024

Corsound AI Corsound AI utilizes innovative technology to verify customers’ identities for financial institutions, leveraging over 200 patents to detect AI scams and voice fraud. Features Improves productivity and operational efficiency while driving revenues Increases client satisfaction Delivers innovation Who’s it for?

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Finovate

JULY 18, 2024

“This funding will fuel our ongoing growth and innovation in voice and AI technologies. Earlier this year, when a deepfake robocall surfaced of President Biden urging New Hampshire voters not to vote during the Democratic primaries, Pindrop was able to identify the Text-to-Speech (TTS) engine used. In the U.S.,

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Segpay

NOVEMBER 20, 2023

Key Takeaways AI Advancements and Innovations have revolutionized content generation, user experiences, and personalization in the adult industry. These same technologies have provided innovative solutions to security and privacy challenges. Billion in 2023 to 267.3 Billion by 2031. Contact us.

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Finovate

MARCH 29, 2024

Data privacy company Mine launches governance solution Israel-based data privacy innovator Mine unveiled its new AI governance solution this week. The startup has innovated in voice deepfake detection and considers itself the only company that successfully correlates face and voice. Co-founder Nevo Lapidot is CEO.

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