Fintech News

AUGUST 7, 2025

The region faces a wave of sophisticated attacks: payment fraud losses are forecast to surpass US$362 billion between 2023-2028 , and identity fraud is rising sharply, exacerbated by data breaches and advanced AI-driven tactics. Reduced fraud losses and fewer false positives translate directly into operational savings.

Transactions

The Payments Association

JANUARY 3, 2025

On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations. Balancing fraud prevention with maintaining a good service to customers is a constant struggle.

Fraud Detection

The Payments Association

JANUARY 21, 2025

Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.

Payments Trends

The Payments Association

JUNE 11, 2025

How digital commerce platforms manage escalating fraud risks while scaling operations. Rising fraud, complex regulations, and evolving threats are straining platforms’ ability to grow securely. A shift toward AI-driven, integrated fraud management systems aligned with tightening UK regulations. Why is it important?

Risk

Finovate

APRIL 9, 2025

. “Security Bank is transforming digital banking in the Philippines, and we’re proud to support their vision with advanced identity verification that makes onboarding both more secure and convenient,” said Entrust Regional VP of Sales, APAC, Harvinder Singh. Entrust came out of the gates strongly in 2025.

Security

Fintech News

JUNE 11, 2025

At the centre of this threat is Grey Nickel , a sophisticated cybercriminal group using deepfakes, synthetic identities, and AI-powered attack tools to breach banks, crypto exchanges, and digital payment platforms. In Southeast Asia, AI-powered deepfake crimes saw a 600% surge in online mentions in the first half of 2024 alone.

Crime

The Payments Association

JULY 18, 2025

Integrating payments and identity: opportunities and challenges A key development in the digital wallet space is the convergence of payments and identity verification. Colombe Hérault highlights that this integration could streamline processes like online age verification, student discounts, and property rental credentials.

Payments

The Fintech Times

JUNE 27, 2025

QwikPay , the Australian paytech, is improving its real-time user onboarding while maintaining compliance with financial regulations in Australia, following a new partnership with iDenfy , the identity verification and fraud prevention technology provider. The pricing model was another deciding factor.

Risk Management

The Payments Association

AUGUST 7, 2025

Despite dealing with more advanced fraud schemes, such as AI-generated deepfakes and synthetic identity fraud, many financial institutions still rely on siloed tools and manual checks. Fraud is evolving at speed. They directly undermine customer trust, shareholder confidence, and long-term resilience. The result?

Compliance

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness. Why is it important?

Crime

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake

The Fintech Times

MARCH 12, 2025

A new partnership has been announced between Swedish embedded finance provider Intergiro and SEON , the digital fraud prevention and compliance firm, to improve security in the former’s embedded finance ecosystem and combat growing cyber threats.

Embedded Finance

Finovate

JULY 10, 2025

Jumio and Prometeo have partnered to streamline identity and bank account verification across Latin America. The integration combines biometric authentication, AI, and Prometeo’s banking network to improve security, reduce operational time, and enhance user experience for fintechs and digital platforms.

Verification

Fintech News

JULY 31, 2025

Advancements in artificial intelligence (AI), machine learning (ML), and blockchain are transforming international payments by enabling real-time data analysis, seamless platform integration through APIs, and instant, secure settlements.

Cross-Border Payments

Finovate

JANUARY 22, 2025

Customer verification specialist Sikoia announced a strategic partnership with Tandem Bank. The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. Founded in 2021, Sikoia made its Finovate debut last year at FinovateEurope 2024.

Verification

The Payments Association

APRIL 7, 2025

The industry is now confronting emergent threats driven by technological advancements, such as AI-generated fraud and social media exploitation, amidst challenging economic conditions. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

Financial Crimes

Finextra

JUNE 12, 2025

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

Payee

Finextra

JULY 28, 2025

Principal Consultant Oracle Location Edison Followers 2 Opinions 8 Follow Unfollow The global banking sector has made substantial investments in Artificial Intelligence (AI), driven by the promise of enhanced operational efficiencies, sophisticated fraud detection capabilities, and hyper-personalized customer experiences.

AI

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. Configure security settings – Enable 3S secure authentication, tokenization, and fraud detection tools to minimize the risk of chargebacks. Also, test time-outs.

Payment Solutions

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms.

Finance

Finovate

JUNE 9, 2025

Fraud prevention and identity verification FrankieOne launches new risk and compliance platform that offers fraud detection and identity verification. Cybercrime consultancy We Fight Fraud partners with Salv to facilitate intelligence sharing between financial institutions in Europe.

Credit Union

Finextra

JULY 10, 2025

Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. Overly Aggressive Fraud Filters Fraud detection systems designed to protect merchants can sometimes be too strict, resulting in legitimate transactions being flagged and declined.

Transactions

Finextra

JULY 1, 2025

For high-risk transactions, a contextual notification is sent directly to the trusted device, allowing immediate user verification, giving users peace of mind that they are fully in control. This solution offers a proactive, intelligent approach to fraud prevention. 26 June Now Hiring All companies Welcome to Finextra.

Account Takeovers

Clearly Payments

AUGUST 8, 2025

Canada’s fraud rate is lower than that of the United States, but growth in organized fraud rings, AI-powered scams, and phishing attacks shows the threat is evolving. Canada’s 2024 Fraud Landscape Fraud in Canada has escalated in recent years, with 108,878 incidents reported to CAFC in 2024.

Credit Cards

Finextra

JULY 27, 2025

Let’s tour Plaid’s core offerings – and how fintech apps use them – from authentication through insights: Auth & Balance : Plaid’s first claim to fame was simplifying account verification for payments. It’s a powerful tool to reduce fraud (catching if someone linked an account that isn’t theirs) and streamline user onboarding.

Product

The Fintech Times

APRIL 17, 2025

Volt , the global real-time payments platform, has announced its new strategic open banking partnership with Sumsub , a global full-cycle verification platform. Volt will power Sumsubs Penny Drop Verification flow, which involves an end user being directed to their banking app after scanning their identity document.

FinTech

Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Fraud Detection Reports : Analyze suspicious transactions using AI-driven fraud detection systems.

Credit Cards

Fintech Review

APRIL 17, 2025

They are introducing AI-driven chatbots, robo-advisory services, and embedded finance options to remain competitive. Digital banks and traditional institutions alike are investing in robust cybersecurity measures to protect customer data and prevent fraud.

Online and Mobile Banking

Finovate

JUNE 16, 2025

Credit unions Barksdale Federal Credit Union, the largest credit union in Louisiana, partners with Scienaptic AI. Fraud prevention Experian and GBG announce “deepened” strategic partnership to enhance fraud prevention and identity verification in Australia and New Zealand. GrailPay raises $6.7

Credit Union

Fintech News

JUNE 17, 2025

Identity fraud is a major concern, especially with the use of AI to carry out sophisticated scams. Since 70% of fraud occurs after onboarding, ongoing user monitoring is a non-negotiable for crypto companies. Download the Guide to Secure Crypto Payments in APAC, with Sumsub and RedotPay.

Compliance

The Fintech Times

JULY 8, 2025

Funding and investments Alibaba Cloud will invest $60million over the next year to support global partners and accelerate AI adoption. New partnerships include Dify, Squirro, PingCAP and Atos, aiming to expand access to cloud-based AI tools across Asia-Pacific and international markets.

FinTech

Fintech News

JULY 23, 2025

To realise the full benefits of SaaS, institutions must: • Treat vendors as strategic partners, not just service providers • Use agile workflows to deliver updates more quickly • Prioritise accurate, consistent data to support analytics, AI and fraud prevention Without these changes, even the best technical upgrades risk underdelivering.

APACS

Fintech Review

MAY 4, 2025

KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Alloy A flexible KYC and fraud prevention platform that helps fintechs and banks automate onboarding and monitor customer behaviour in real time. Best for : Finance teams aiming to improve DSO and cash flow forecasting.

Payment APIs and Integration

The Payments Association

APRIL 8, 2025

On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations. Balancing fraud prevention with maintaining a good service to customers is a constant struggle.

Fraud Detection

Finextra

JUNE 9, 2025

This enables more control over data, making it easier to extract value that can be used to enhance areas like fraud prevention and reconciliation that support embedded finance. New fraud monitoring rules require a proactive approach Finally, as expected, real-time fraud prevention remains a key consideration.

ISO 20022

EBizCharge

JANUARY 14, 2025

Effective fraud prevention boosts customer trust and loyalty. To help with this, here are four payment gateway-related trends to look out for in 2025: AI-powered fraud detection: Protecting your business from fraud is more important than ever in 2025. Thus, AI-powered fraud detection is on the rise.

Payment Gateways

Finextra

JUNE 26, 2025

Home Announcements Identity Experian integrates Mastercard ID verification and fraud prevention tech External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Fraud Prevention