The Fintech Times

FEBRUARY 14, 2025

“Using AI-driven tactics such as deepfake selfies and synthetic identities, organised fraudsters are testing traditional security measures like never before. Enhanced selfie and fraud detection tools are necessary to protect social media engagement, ensure account authenticity, and prevent the risks posed by fake accounts.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

The Fintech Times

DECEMBER 10, 2024

AI-powered automated document authentication and fraud detection solutions provider, IDVerse is set to be acquired by data and analytics platform, LexisNexis Risk Solutions and become a part of LexisNexis Risk Solutions Business Services to combat AI-generated fraud.

AI 64

AI Risk Acquirers Deepfake 64

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

The Fintech Times

FEBRUARY 9, 2024

It saw a 672 per cent increase from H1 2023 to H2 2023 in the use of deepfake media such as face swaps deployed alongside metadata spoofing tools. “While the data in our report highlights that face swaps are currently the deepfake of choice for threat actors, we don’t know what’s next.

Deepfake 110

Deepfake Product Verification AI 110

The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. Integrated seamlessly through an API-first approach into Intergiros innovative platform, our technology strengthens security without adding friction, setting new benchmarks for digital trust and risk management.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

The Fintech Times

AUGUST 14, 2024

In the wrong hands, however, it can be incredibly harmful, especially with the emergence of deepfakes. A new survey from iProov , the biometric solutions provider, has revealed the attitudes on the threat of generative AI and deepfakes across the UK, US, Brazil, Australia, New Zealand and Singapore.

Deepfake 75

Deepfake AI Phishing Ransomware 75

Fintech News

APRIL 6, 2025

Sumsub has launched Sumsub Academy, an educational initiative aimed at empowering professionals in compliance, risk, and fraud prevention. Additionally, businesses face growing financial risks, with the average cost per fraud event around USD $300,000. Deepfakes now account for 7% of all fraud cases.

Fraud Prevention 62

Fraud Prevention Deepfake Travel Rule Continuing Education 62

Neopay

JANUARY 22, 2025

Generative Artificial Intelligence (GenAI) is revolutionising many industries, but with this innovation comes significant risks. Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent.

AI 59

AI Deepfake Phishing Audit 59

The Fintech Times

AUGUST 7, 2024

As much as 53 per cent of Brits have either never heard of the term deepfake or misunderstood its meaning, British bank Santander has revealed, as part of a new initiative to warn consumers about the dangers of AI deepfake scams.

Deepfake 64

Deepfake Scams Romance Scams AI 64

The Fintech Times

MAY 17, 2024

The rapidly increasing prevalence of AI-generated content and deepfakes has left many questioning everything they see online. In fact, as much as 72 per cent of consumers worry on a day-to-day basis about being fooled by a deepfake into handing over sensitive information or money.

Deepfake 69

Deepfake Identity Theft Consumer Verification 69

Fintech News

FEBRUARY 19, 2025

LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. Following the acquisition, IDVerse will be integrated into the Business Services segment of LexisNexis Risk Solutions and remain available through the companys RiskNarrative and IDU platforms.

Risk 70

Risk Deepfake Fraud Detection Fraud Prevention 70

Finovate

MARCH 19, 2025

This includes a global, fourfold increase in AI-driven deepfake scams. Tuum-powered institutions will also benefit from the ability to securely scale and operate in multiple markets thanks to real-time decisioning and continuous risk monitoring.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

PYMNTS

AUGUST 24, 2020

Tessian Co-founder and CEO Tim Sadler warns that this has created an ideal environment for cyberattackers wielding a quickly emerging technology: deepfakes. With more employees relying on the phone, as well as video conferencing platforms, to communicate with their teams, it presents an ideal environment for deepfake technology to take hold.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

Payments Source

FEBRUARY 9, 2020

Fraudsters are smarter and more devious than ever before. With that evolution comes an increase in successful fraud attempts, seen especially by companies that do not practice modern payment safety protocols.

Deepfake 123

Deepfake Payment Security Security Payments 123

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge. According to the research, 42.5%

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

Fintech News

JANUARY 17, 2024

This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio. To address these issues, the Reserve Bank of India (RBI) took action in 2023 by mandating stricter IT governance and risk controls.

Deepfake 121

Deepfake APACS Scams Authentication 121

Payments Source

FEBRUARY 20, 2020

Fending off these kinds of attacks requires training personnel on a strict process for validating suppliers' banking data during supplier onboarding, especially when receiving any data change requests, says Noicepay's Doug Seaberg.

Fraud Prevention 104

Fraud Prevention Deepfake Process Risk 104

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Data leakage, model biases, and a lack of transparency in AI decision-making are just a few of the potential privacy risks that must be considered. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

The Fintech Times

FEBRUARY 23, 2024

Deepfakes and threats of AI Such activity could lead to identity theft, which IDnow believes should be a concern to the UK public, especially given the rise in deepfake technology. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents.

Continuity 69

Continuity Deepfake Risk Smishing 69

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. In the near-future, coverage of GAV will expand to 80 per cent of G20 countries.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59

Payments Source

FEBRUARY 12, 2020

Square has buttressed its deep-learning with the purchase of Dessa, a Toronto-based machine learning startup that specializes in advanced risk management.

Deepfake 70

Deepfake Risk Management Risk Payments 70

The Paypers

JUNE 12, 2023

US-based Identity orchestration company Jumio has released a new research which reveals the disconnection between consumer awareness of AI and deepfakes and their risks to security.

Deepfake 48

Deepfake Consumer AI Research 48

Fintech News

MARCH 12, 2024

By incorporating Chainalysis’ key management model, the integration facilitates a comprehensive approach for crypto exchanges, peer-to-peer marketplaces, and neobanks to monitor digital asset transactions efficiently through a unified dashboard, enabling advanced risk management analytics.

Transactions 111

Transactions Security Deepfake Travel Rule 111

Fintech News

MARCH 20, 2024

Fraud networks, however small they may seem right now, will gain prominence, just like AI-powered deepfakes. In Myanmar and other Southeast Asian countries, cyber scam rings target victims with fraudulent schemes like fake jobs or investments. The damage of fraud rings is much more significant than that of individual scammers.

APACS 105

APACS Fraud Prevention Deepfake Account Takeovers 105

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? Nevertheless, he says with consumers expecting a fast and seamless onboarding process, banks have the pressure of striking the right balance between security and customer experience.

Deepfake 126

Deepfake PCI DSS Verification Financial Inclusion 126

The Fintech Times

DECEMBER 19, 2024

Additionally, rising transaction volumes (29 per cent) and the expansion of the supplies base (25 per cent) were also listed as critical risk factors. Proactive fraud prevention today not only mitigates risk, but also future-proofs operations against costly penalties.”

Automation 59

Automation AI Fraud Prevention Deepfake 59

The Paypers

MARCH 11, 2025

AuthID has published a whitepaper examining the growing risks posed by deepfake technology in digital authentication and outlining strategies to mitigate these threats.

Deepfake 36

Deepfake Authentication Mitigation Risk 36

Fintech News

JUNE 18, 2024

The document, released in May 2024, outlines challenges associated with gen AI and shares a comprehensive gen AI risk framework to guide financial institutions in using the technology in a responsible manner. This introduces several legal and regulatory risks, including copyright or intellectual property issues, as well as privacy concerns.

AI 117

AI Use Case Risk Deepfake 117

The Fintech Times

MAY 16, 2024

Banks are coming under an increasingly intense barrage of cybersecurity attacks, and many of these now use deepfakes and generative AI to make the initial breach. As deepfakes proliferate, a trickle of lawsuits has the potential to become a flood – and one which absolutely could sink the banks. Michael Marcotte, CEO of artius.iD

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

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. Malicious actors can now create highly convincing videos, images, or audio recordings with these tools.

Scams 105

Scams Phishing Deepfake Verification 105

Finovate

SEPTEMBER 10, 2024

Delfi Labs for its technology that creates efficient risk management and hedging strategies in minutes, enabling clients to defend margins, enhance performance, and raise valuation. Eko Investments for its platform that offers investments via a financial advisor to all clients–and not just the top 1%–starting from $10.

Deepfake 111

Deepfake Innovation Advisors Risk Management 111

Fintech Finance

MARCH 4, 2025

As the regulations evolve, businesses that fail to prevent fraud, risk losing consumer trust, and some jurisdictions may find their business models unsustainable. The use of deepfakes and chatbots by fraudsters poses significant challenges, while real-time fraud detection systems are being enhanced to counter these threats.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

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. For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Finovate

MARCH 29, 2024

Schick also discusses use cases for Generative AI in financial services and the threat posed by AI-powered deepfakes. An author, advisor, and keynote speaker, Schick is an expert in synthetic media, deepfakes, disinformation, cybersecurity, and the geopolitics of technology.

AI 59

AI Deepfake Fraud Detection Advisors 59

The Payments Association

MARCH 10, 2025

Whether you run an online store, a subscription service, or a crypto exchange, your MCC can impact everything from processing fees to fraud risk and even whether your payments get approved at all. Why MCC codes matter for merchants and banks MCC codes are essential because: Banks use MCCs to assess transaction risk.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

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. As consumers interact with an online service over time, their risk profile can change.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

The Payments Association

APRIL 7, 2025

In addition to keeping abreast of regulatory developments, firms will need to juggle proactive horizon scanning for new trends and risk typologies while exploring and embracing cutting-edge technologies like GenAI to bolster their risk management frameworks. Read More

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88