Bank Automation

NOVEMBER 1, 2024

Innovations like generative AI and deepfakes, combined with vast amounts of breached personally identifiable information (PII), have created sophisticated fraud methods that challenge traditional defense mechanisms. Fraudsters and cybercriminals are exploiting new technologies and stolen data at an accelerated rate.

Deepfake 52

Deepfake Breach AI Automation 52

The Fintech Times

DECEMBER 15, 2023

This strategic partnership underlines Sumsub’s commitment to driving innovation, establishing essential industry connections and contributing to the dynamic fintech ecosystem in Singapore and the broader APAC region.

Innovation 57

Innovation FinTech Deepfake APACS 57

The Fintech Times

MAY 14, 2024

Ripple , the global payments and financial solutions provider, is accelerating blockchain education in the US as its University Blockchain Research Initiative (UBRI) renews its $1.05million partnership with Morgan State University to support blockchain innovators across America’s Historically Black Colleges and Universities (HBCUs).

Blockchain 115

Blockchain Innovation Research Deepfake 115

Finovate

SEPTEMBER 10, 2024

After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Nest Bank & Efigence for their collaboration, N! At the end of the last demo, they chose their three favorites.

Deepfake 111

Deepfake Innovation Advisors Risk Management 111

The Fintech Times

OCTOBER 31, 2024

Fighting deepfake-enabled fraud As synthetic media such as deepfakes increasingly impact digital identity, verifying customer identities has become crucial to prevent fraud and remain complaint. In the near-future, coverage of GAV will expand to 80 per cent of G20 countries.

Mitigation 57

Mitigation Risk Global Payments Deepfake 57

Fintech News

MARCH 12, 2024

This trend is underscored by Sumsub’s reports, which note a 128 percent increase in deepfake incidents in 2023, with the Asia-Pacific region experiencing a 1530 percent surge. This partnership between Sumsub and Chainalysis responds to the increasing digital fraud in the crypto sector.

Transactions 104

Transactions Security Deepfake Travel Rule 104

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.

Deepfake 112

Deepfake APACS Scams Authentication 112

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.

AI 52

AI Innovation Fraud Prevention Fraud Detection 52

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,

Deepfake 59

Deepfake Credit Union Payment APIs and Integration AI 59

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.

Credit Union 59

Credit Union Deepfake Authentication Fraud Prevention 59

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.

MFA 96

MFA Deepfake Credential Privacy 96

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 64

Credential FinTech Deepfake Fraud Detection 64

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.

AI 96

AI APACS Deepfake Economy 96

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. .”

Travel Rule 109

Travel Rule Rules Compliance Transactions 109

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.

FinTech 105

FinTech Cross-Border Deepfake Cross-Border Payments 105

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.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

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?

Payment APIs and Integration 59

Payment APIs and Integration Identity Theft Deepfake AI 59

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.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

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.

Authorization 59

Authorization Verification OFAC Deepfake 59

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.

Verification 59

Verification Deepfake Fraud Prevention User Authentication 59

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.

Scams 94

Scams Phishing Deepfake Verification 94

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.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

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?

Verification 109

Verification Travel Rule Multi-Currency Compliance 109

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.

Travel Rule 62

Travel Rule Rules Interoperability Deepfake 62

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.

FinTech 57

FinTech Money Laundering Financial Crimes Crime 57

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.

AI 111

AI Use Case Risk Deepfake 111

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.

Deepfake 52

Deepfake Verification Authentication Breach 52

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.

Cybersecurity 59

Cybersecurity Online and Mobile Banking Deepfake Breach 59

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.

Embedded Finance 94

Embedded Finance APACS Financial Inclusion CBDC 94

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.

Deepfake 52

Deepfake AI Adjustments Consumer 52

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.

Embedded Finance 83

Embedded Finance APACS Financial Inclusion CBDC 83

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.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 113

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.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

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.

AI 57

AI Financial Crimes Crime Security 57

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?

AI 90

AI Process On-Demand Automation 90

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.

Verification 69

Verification Privacy AI AML 69

The Fintech Times

OCTOBER 30, 2024

Money20/20 USA 2024 in Las Vegas has once again brought together the global money ecosystem, highlighting innovations set to shape the future of payments, fintech and financial services. Our goal is to help businesses stay ahead of threats like deepfakes and ensure that legitimate users can securely access services without added complexity.”

Deepfake 57

Deepfake Verification BNPL Payment APIs and Integration 57