Fintech News

APRIL 7, 2024

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive. ” says Wells.

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Deepfake Scams Fraud Detection Verification 134

Neopay

JANUARY 22, 2025

According to a recent report by the National Crime Agency (NCA), GenAI represents one of the most substantial threats to the fraud landscape today. 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

Finovate

MARCH 19, 2025

The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. This includes a global, fourfold increase in AI-driven deepfake scams. This will enable them to onboard customers faster and comply with international KYC/AML regulations.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

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.

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Deepfake Verification Fraud Detection AI 98

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.

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Cross-Border AI Deepfake Transactions 109

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.

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AI Risk Acquirers Deepfake 64

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

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. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

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.

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Risk Acquirers Deepfake Fraud Detection 52

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? How artificial intelligence is both enabling and combating payment fraud, based on insights from a recent industry webinar. Why is it important?

AI 88

AI Financial Crimes Deepfake Fraud Prevention 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.

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Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

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. With consumer consent, IDVerse’s AI verifies authenticity before matching the consumer’s face to the document photo. The terms of the deal were not disclosed.

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Risk Deepfake Fraud Detection Fraud Prevention 79

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.

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AI Deepfake Fraud Detection Advisors 59

Fintech Finance

MARCH 4, 2025

Vixio , a leading provider of regulatory intelligence solutions, is proud to release its global Authorised Push Payment (APP Fraud) research. The report found that Western Europe has been a particularly active region for regulators acting on fraud, with over 100 updates issued between January 2024 and January 2025.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

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AI Fraud Detection Fraud Prevention Phishing 59

The Payments Association

MAY 7, 2025

As we navigate through 2025, high-risk merchants face a rapidly evolving fraud landscape. From AI-driven scams to rising chargeback rates, the challenges are growing more complex and costly. billion to chargebacks, a figure projected to rise as fraud tactics become more sophisticated. In 2024 alone, businesses lost $8.9

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Risk Disputes Debit Card Cross-Border 88

Fintech Finance

FEBRUARY 20, 2025

ID-Pal , a leading provider of AI-powered identity verification solutions, today announced its membership with The Payments Association , an influential community of industry leaders and innovators committed to shaping the future of payments.

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AI Deepfake Verification Fraud Detection 52

The Payments Association

OCTOBER 22, 2024

It aims to protect consumers from authorised push payment (APP) fraud but raises concerns about the adequacy of protection for larger fraud cases. Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats. AI is a double-edged sword in fraud prevention.

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Rules Fraud Prevention Caps Deepfake 88

The Fintech Times

SEPTEMBER 11, 2024

Between 2022 and 2023, fraud in the region increased by 24 per cent, driven by large-scale attacks, including a targeted onboarding attack involving over 5,000 fraudulent attempts in Q2 2024. Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge.

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Bots Deepfake Automation APACS 59

Finovate

SEPTEMBER 18, 2024

The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. Courtesy of the partnership, CLOWD9 will offer ID-Pal’s AI-powered identity verification technology via its payment solutions portfolio.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

Seon

JUNE 7, 2024

With its mimetic capabilities, AI-generated fraud is harder to detect and occurs at unprecedented volumes and velocities. As a result, organizations face large volumes of fraudulent data, necessitating heightened vigilance and advanced detection methods to protect themselves – and their customers or users.

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AI Innovation Fraud Prevention Fraud Detection 52

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. 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. ” Alex Shootman is CEO.

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Credential FinTech Deepfake Fraud Detection 64

Seon

JUNE 27, 2024

We don’t know what AI will look like one year from today. Such uncertainty is unwelcome in cybersecurity and fraud. The evolution of AI adds layers of complexity, presenting unprecedented opportunities and significant threats. Fight Evolving Fraud Discover how fraud tactics are changing and how to stay ahead.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

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Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Seon

MAY 23, 2024

Historically, companies have resorted to a patchwork of point solutions and variegated tools across a fraud-fighting tech stack, leading to fragmented data and operational inefficiencies from switching from one solution to the subsequent and obfuscated risk views.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Finovate

FEBRUARY 29, 2024

Specifically, Socure’s ID+ platform, leveraging AI-driven predictive analytics, will be integrated with Trustly’s direct banking integration Pay By Bank offering, enabling merchants to seamlessly onboard users and process payments in a single unified process.

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Verification Deepfake Fraud Detection Push-to-Card 64

Finovate

MAY 16, 2024

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. The partnership will blend the strengths of Proof’s Defend solution with Socure’s Sigma Fraud suite.

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Authorization Verification OFAC Fincen 59

Fintech News

FEBRUARY 18, 2024

This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule. Our technology in behavioural fraud analytics sets us apart in fraud detection.

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Verification Travel Rule Multi-Currency Compliance 120

Seon

SEPTEMBER 20, 2024

The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters. The rise of artificial intelligence (AI), machine learning (ML) and automation have all added new layers of complexity to fraud prevention at an unprecedented scale.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Fintech Finance

FEBRUARY 29, 2024

By combining Socure’s accurate and inclusive identity verification and fraud prevention ID+ platform with Trustly’s guaranteed Pay by Bank offering, merchants can onboard users and process payments in one integrated flow. Trustly, with direct banking integrations, provides instant Open Banking payments with transaction guarantees.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

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Verification Deepfake AI Identity Theft 122

Segpay

NOVEMBER 20, 2023

Key Takeaways AI Advancements and Innovations have revolutionized content generation, user experiences, and personalization in the adult industry. The potential of artificial intelligence or AI advancements in the adult industry. AI Generation in Adult Industry Content Automated content creation. Billion in 2023 to 267.3

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AI Privacy Fraud Detection Indemnification 52

The Fintech Times

MARCH 14, 2025

The big themes: AI, open banking and fintech’s next moves Beyond the networking and deal-making, FTM 2025 highlighted some of fintechs most pressing trends. “Fraud has never been easier,” said Catherine Porter, chief business officer at Prove. . Fraud prevention is an arms race, he said. Thats the problem.

FinTech 59

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59