Neopay

JANUARY 22, 2025

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. Romance fraud: Deepfake images and videos help fraudsters create convincing personas to manipulate victims emotionally and financially.

AI 59

AI Deepfake Phishing Audit 59

Fintech News

JUNE 26, 2024

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that 78% of consumers in Singapore are ready to change banks due to inadequate fraud protection. The increasing sophistication of fraud tactics, such as deepfakes and voice cloning, has heightened these concerns.

Deepfake 113

Deepfake Security Verification AI 113

Finextra

MARCH 12, 2025

Singapore authorities are warning businesses of a rise in scam video calls which use deepfake AI to impersonate business bosses with the aim of duping employees into transferring funds to criminal accounts.

Deepfake 110

Deepfake Authorization Scams AI 110

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. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88

Privacy Payment Security AI Security 88

Evolve Payment

OCTOBER 22, 2024

Table of Contents We’ve all seen the convincing fake videos of politicians and prominent business influencers created by AI. These AI-created images, videos, and audio content, called deepfakes, showcase how advanced AI generation tools have become.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

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. It says future-proofing means adopting AI-driven validation and multi-layer defences to combat deepfakes, synthetic identities, and emerging threats.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

Fintech News

MAY 14, 2024

The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks, and the democratisation of AI tools has fueled a creative explosion in digital media. Deepfakes have since evolved into a formidable challenge for conventional identity verification methods.

Deepfake 113

Deepfake Authentication Verification AI 113

Finextra

AUGUST 14, 2024

Crooks are circulating AI-generated deepfake videos of Prince William and UK prime minister Keir Starmer on Facebook and Instagram to dupe viewers into scam cryptocurrency investments.

Deepfake 99

Deepfake Scams Cryptocurrency AI 99

The Fintech Times

FEBRUARY 9, 2024

The buzz surrounding Artificial Intelligence ( AI ) continued throughout 2023, right the way through to now – thanks to the seemingly limitless potential of the emerging technology. However, as the AI space has quickly evolved, so have threats that are weaponising these developments.

Deepfake 110

Deepfake Product Verification AI 110

The Fintech Times

AUGUST 14, 2024

Generative AI, when used correctly, can be a great tool that aids innovation. In the wrong hands, however, it can be incredibly harmful, especially with the emergence of deepfakes. Seventy per cent believe these fakes using generative AI will have a big impact on their organisations. AI: friend or foe?

Deepfake 75

Deepfake AI Phishing Ransomware 75

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-powered document verification represents this kind of balance.”

AI 64

AI Risk Acquirers Deepfake 64

Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. One of its key innovations is an AI-powered foreign exchange (FX) model capable of predicting currency exchange rates hourly.

Cross-Border 106

Cross-Border AI Deepfake Transactions 106

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. At SEON , we leverage real-time device intelligence, advanced AI and transparent machine learning rules with human expertise to deliver adaptive fraud prevention.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

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 is only going to get more sophisticated from now on.

AI 126

AI Fraud Prevention Account Takeovers Deepfake 126

Fintech News

JUNE 30, 2024

Developing countries in the Asia-Pacific (APAC) region are embracing generative artificial intelligence (gen AI) at a faster pace than their advanced counterparts, driven by young employees and students, a new survey by Deloitte found. Additionally, employees from developing economies were found to be more enthusiastically embracing gen AI.

AI 106

AI APACS Deepfake Economy 106

The Paypers

JUNE 3, 2022

Google has banned the training of AI systems that can be used to generate deepfakes on its Google Colaboratory (Colab) platform.

Deepfake 66

Deepfake AI 66

Fintech News

JUNE 18, 2024

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. 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.

AI 116

AI Use Case Risk Deepfake 116

The Fintech Times

DECEMBER 19, 2024

This strain on resources has largely come as a result of generative AI according to the report. Specifically, 62 per cent of businesses cite generative AI as a key driver behind the surge in invoice fraud according to The Rise in AP Fraud report by Basware.

Automation 59

Automation AI Fraud Prevention Deepfake 59

Finovate

MARCH 19, 2025

This includes a global, fourfold increase in AI-driven deepfake scams. ” Through the partnership, banks and fintechs working with Tuum will benefit from automated identity verification and AI-powered fraud detection and transaction monitoring. .

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

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

Finovate

JUNE 11, 2024

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. The company noted that it uses three, proprietary algorithms to prevent the majority of digital injection attacks that leverage AI-generated content.

AI 105

AI Fraud Detection Deepfake Verification 105

PYMNTS

DECEMBER 5, 2019

The rise of deepfakes — the eerily lifelike impersonations that superimpose heads onto bodies and bodies onto heads in seamless ways that integrate speech and movement, where nothing is as it seems — may be good for a laugh. The best defense against the fraudster armed with AI is to use AI to fight the battle.

Deepfake 55

Deepfake Verification Authentication AI 55

Finovate

APRIL 22, 2025

Herd Security Herd Security is a security awareness platform designed to train users on the dangers of deepfakes through modules and AI-based simulations. Features Provides engaging, micro-based cyber training Delivers user metrics proving behavior change Offers patented voice deepfake defense Who’s it for?

Credit Union 52

Credit Union Cross-Border Payments Deepfake Disputes 52

The Fintech Times

NOVEMBER 20, 2024

Artificial intelligence (AI) has emerged as a key component in the modern fight against fraud. In its sixth edition, the 2025 Identity Fraud Report found that attacks involving deepfakes happened every five minutes in 2024, and digital document forgeries increased by 244 per cent year over year. per cent of attacks globally).

Deepfake 69

Deepfake Phishing Account Takeovers Scams 69

Finovate

APRIL 29, 2024

Join Greg as he talks about the next generation of investment and wealth management content with Salman Hussain of Zeed , the value of flexibility in core banking with Richard Weston of Tuum , and the challenge of identity theft, deep fakes, and the escalating AI arms race with Gal Haselkorn of Corsound.ai. Demo video. Demo video.

Financial Literacy 69

Financial Literacy Deepfake Identity Theft AI 69

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

APRIL 6, 2025

A significant four-fold surge in deepfakes worldwide from 2023 to 2024 further underscores the increasing role of AI in fraud. Deepfakes now account for 7% of all fraud cases. Additionally, businesses face growing financial risks, with the average cost per fraud event around USD $300,000.

Fraud Prevention 61

Fraud Prevention Deepfake Travel Rule Continuing Education 61

Finovate

APRIL 9, 2025

The technology combines robust security features with advanced fraud detection capabilities including as deepfake detection. Entrust also unveiled its AI-powered facial biometric authentication capability for its Identity-as-a-Service (IDaaS) platform in the first month of the year.

Security 87

Security Verification Deepfake Fraud Detection 87

The Payments Association

FEBRUARY 13, 2025

In partnership with The Engineer, Expleo is bringing together industry experts for a webinar on ‘AI in cybersecurity: The Threats you cant see (yet)’, taking place on Wednesday, March 5, at 11:00 am GMT. To discover how AI is reshaping cybersecurity as a threat and a defence, save your spot here. Why attend?

Cybersecurity 88

Cybersecurity AI Deepfake Verification 88

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.

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

Finextra

NOVEMBER 19, 2024

Digital document manipulation using AI and deepfakes have been revealed as the biggest growing threats facing the financial services industry going into 2025, according to a report by the Entrust Cybersecurity Institute.

Deepfake 75

Deepfake AI Cybersecurity 75

The Payments Association

APRIL 2, 2025

AI in payments: The battle against fraud's evolving threat May 2 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? With fraud accounting for a significant portion of UK crime, understanding AIs role is critical for developing effective, future-ready defences. Why is it important?

AI 88

AI Financial Crimes Deepfake Fraud Prevention 88

Finovate

DECEMBER 11, 2024

The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. LexisNexis Risk Solutions has agreed to acquire AI-powered automated document authentication and fraud detection solutions provider IDVerse. Terms of the transaction were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

Payments Dive

AUGUST 13, 2024

About a fifth of finance professionals in a recent survey said their organization has already been targeted by AI-driven deepfake or executive impersonation attacks.

Deepfake 88

Deepfake Finance AI Payments 88

Finovate

MARCH 29, 2024

In today’s first conversation, Code & Capital talks with Generative AI expert and founder of Tamang Ventures Nina Schick about the way that AI could fundamentally reshape industries and economies this century the way the Internet did decades ago. At Zurich, he leads activities globally related to Generative AI and chatbots.

AI 59

AI Deepfake Fraud Detection Advisors 59

Fintech Finance

MAY 14, 2025

Of the 18 distinct dimensions investigated in all markets, those that correlate most closely with the overall trust score were trust that new technology makes payment safer and trust in AI tools. This illustrates the inherent economic value of innovative payments and AI technologies.

Economy 52

Economy Consumer Deepfake Consumer Protection 52

Fintech News

JANUARY 17, 2024

Synthetic identity fraud on the rise The emergence of AI generative models like DALL-E, ChatGPT, and others rapidly generate fake but credible identities, enabling criminals to create synthetic identities at scale. Fraud-as-a-Service allows automation of attacks The advent of AI generative models also enables new Fraud-as-a-Service offerings.

Deepfake 121

Deepfake APACS Scams Authentication 121