Fintech News

JUNE 6, 2024

From December 2021 to January 2022, close to 800 individuals fell victim to an SMS phishing scam where fraudsters impersonated OCBC. 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.

Scams 109

Scams Phishing Deepfake Verification 109

Finovate

SEPTEMBER 18, 2024

Available via API, SDK, or through the Salesforce App Exchange, ID-Pal’s technology detects AI-generated documents, deepfakes, and injection attacks, providing advanced fraud detection without requiring direct access to customer data.

Fraud Detection 65

Fraud Detection Verification Payment APIs and Integration OFAC 65

Finovate

SEPTEMBER 30, 2024

Previous quarterly comparisons Q3 2023: More than $293 million raised by eight alums Q3 2022: More than $1 billion raised by eight alums Q3 2021: More than $1.1 July 2024: An undisclosed amount raised by one alum ReceiptHero : undisclosed – post August: More than $1.3 billion raised by 14 alums Q3 2020: More than $1.2

Account Takeovers 52

Account Takeovers Deepfake Research Authentication 52

The Fintech Times

MARCH 28, 2024

Ensuring interoperability in the crypto space Founded in 2017, Binance has been among Sumsub’s clients since 2021. According to its findings, Travel Rule remains one of the two main challenges for crypto companies worldwide, the other one being more advanced fraud methods such as AI-generated deepfakes.

Travel Rule 64

Travel Rule Rules Interoperability Verification 64

Finovate

MAY 16, 2024

A 2021 report from FINCEN revealed that false records and forgery are responsible for more than $45 billion in fraud activity annually. Fraudsters also have become more effective at leveraging AI to deploy deepfakes, synthetic identities, and – in the case of document fraud – falsified records.

Authorization 59

Authorization Verification OFAC Fincen 59

Segpay

APRIL 4, 2024

” It went on to list 11 different option areas, including blog posts or articles, social media posts, videos, podcasts, tutorials and guides, infographics, eBooks and whitepapers, webinars and livestreams, quizzes and assessments, case studies and success stories along with reviews and comparisons. appeared first on Segpay.

Legal 52

Legal AI Deepfake Assessments 52

Finovate

MARCH 29, 2024

Founded in 2021, Noa Srebrnik is co-founder and CEO. 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. Germany fintech NX Technologies raised $24 million in Series B funding in a round led by PayPal Ventures.

Verification 69

Verification Privacy AML AI 69

Seon

JUNE 1, 2023

According to FinCEN, the United States Postal Inspection Service (USPIS) received 299,020 complaints in 2021 about stolen mail, which is a core way that fraudsters intercept and process fraudulent checks. The physical measures of high-security checks, such as tamper-resistant packaging, are vital to combating intrusions such as these.

Checks 52

Checks Security Fincen Payer 52

Fintech News

APRIL 9, 2025

The identity fraud landscape has become more complex and dangerous on a worldwide basis, more than doubling from 2021 (1.1%) to 2024 (2.6%). Average deepfake fraud growth by region, 2024 As economies across APAC continue to digitalise, the threat of identity fraud will only escalate.

APACS 101

APACS Deepfake Identity Theft Account Takeovers 101

Finovate

MAY 8, 2025

Illuma for its innovations in deepfake detection that enable community financial institutions to keep their members and customers connected with their funds in a convenient and secure manner. Finalytics.ai Herd Security for its technology that gives financial organizations visibility and protection from voice fraud.

Deepfake 104

Deepfake Embedded Finance Credit Union Non-Bank 104

Fintech News

JANUARY 12, 2025

Philipp Pointner, Chief of Digital Identity, Jumio Corporation, expects fraud to evolve into an industrial-scale issue, with attackers leveraging advanced AI tools to create fake identities and deepfakes at an unprecedented scale. Hong Kong saw growth from 22% in 2021 to 29% in 2023.

APACS 98

APACS FinTech Distributed Ledger Technology (DLT) AI 98