Segpay

NOVEMBER 26, 2024

In today’s digital world, online ID verification has become a crucial component of customer onboarding. As we move our personal, financial, and governmental interactions to digital platforms, the need for reliable and efficient digital identity verification processes has become critical. What is Digital Identity Verification?

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

The Fintech Times

APRIL 11, 2025

In a move to advance its strategic transformation, Lloyds Banking Group is leveraging the artificial intelligence (AI) and data science capabilities of Google Cloud. As part of its mission to ‘ Help Britain Prosper ‘, Lloyds Banking Group is using data and AI to help its customers make better financial decisions.

AI 64

AI Use Case Verification Innovation 64

Finovate

APRIL 18, 2025

ValidiFI has expanded its vAccount+ suite to include authoritative bank account verification, enabling real-time validation of account status and ownership using direct-source financial data. This is in contrast to traditional verification methods that rely on information supplied by the user, manual document uploads, or even micro-deposits.

Verification 59

Verification Accounts NACHA ACH 59

Fintech News

JUNE 12, 2025

Fraud in Asia Pacific’s fintech and healthtech industries has risen sharply over the past year, according to new data from global verification provider Sumsub. Deepfake-related fraud has expanded beyond impersonation and election interference to include AI-generated job scams. said Penny Chai, Vice President, APAC, Sumsub.

Deepfake 89

Deepfake APACS FinTech Verification 89

Fintech News

MARCH 11, 2025

The team brings together experts from law enforcement, military intelligence, and data visualisation, combining human insight with advanced AI tools to track and dismantle fraud networks. One of the largest scams uncovered by Visa involved fraudulent identity verification schemes.

Scams 108

Scams Blocks Law Enforcement Laws 108

Segpay

SEPTEMBER 30, 2024

Age verification helps to create a safer internet environment. We also look at the age verification tools that are used in the region. These companies are expected to continuously respond to evolving threats by implementing technically advanced age verification tools.

Verification 111

Verification Legal Framework Laws Regulations 111

Fintech News

NOVEMBER 10, 2024

The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says.

Ransomware 119

Ransomware Data Breach Scams AI 119

Fintech News

JUNE 18, 2025

It uses a patented technology that combines randomised colour sequences and AI-driven analysis to confirm the presence of a real human in real time during identity verification. The company’s multi-layered defense strategy includes liveness detection, AI-based fraud detection, anti-spoofing tools, and connected intelligence.

Deepfake 103

Deepfake Fraud Detection AI Verification 103

Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. of all verifications analyzed worldwide by Sumsub, marking a staggering 136.4% Financial services have become a prime target.

Deepfake 97

Deepfake APACS Account Takeovers Verification 97

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 52

Verification Audit Automation Fraud Prevention 52

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.”

Risk 64

Risk AI Acquirers Deepfake 64

Fintech News

MARCH 24, 2025

The report, based on Sumsubs internal identity verification and user activity data from 2023 and 2024, along with a survey of over 300 companies across the crypto, banking, payments, and e-commerce sectors, reveals that APAC was the only region to record a decline in crypto fraud in 2024, with fraud rates dropping from 2.6%

APACS 92

APACS Verification Fraud Detection Money Laundering 92

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 52

Payee On-Demand Verification Payment APIs and Integration 52

Bank Automation

MAY 27, 2025

Online mortgage originator Better.com is deploying AI within its internal and external operations to drive efficiencies. The New York-based company deployed its AI-driven mortgage origination tool, Tinman, in 2022, President and Chief Operating Officer Chad Smith told Bank Automation News.

Origination 52

Origination AI Underwriting Verification 52

Fintech Finance

JULY 17, 2024

During this temporary presence of staff, the purchase of age-restricted goods such as alcoholic beverages – the range in the village store includes numerous products from local winegrowers – can also be carried out using automatic, AI-based age verification. If this age is above a predefined threshold, the transaction can be continued.

Verification 98

Verification AI Transactions Authorization 98

Fintech News

AUGUST 28, 2024

Jumio, a global provider of AI-driven identity verification and compliance solutions, is now available on the AWS Marketplace. The company aims to support a range of use cases, from customer onboarding and compliance to age verification and responsible gaming. said Robert Prigge, CEO of Jumio.

Verification 113

Verification Financial Crimes Crime Compliance 113

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. The use of deepfake technology and generative AI is also on the rise, compounding the threat range.

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Segpay

OCTOBER 17, 2024

Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. What is Age Verification? Verification can be completed using government-issued ID scans, credit card authorizations, or other forms of identity verification.

Verification 111

Verification Privacy Laws Compliance 111

Finextra

JUNE 25, 2025

To discuss the impact of AI on KYC, Wil Janssen, Founder and CEO, Inverid joined the FinextraTV virtual studio. Setting out the negative impacts of deepfake technology on identity verification and disagreeing with the concept of 'fighting AI with AI', Janssen provided some hope in the form of NFC technologies.

AI 52

AI Deepfake Verification Technology 52

Fintech Finance

MARCH 4, 2025

Whether its building payment forms, transaction dashboards, or compliance verification interfaces, the AI assistant provides ready-to-use UI code that aligns with VoPays API and industry best practices. Key Features of the API GPT Assistant: Instant AI-generated API code tailored to their unique integration needs.

Payment APIs and Integration 52

Payment APIs and Integration API AI Embedded Finance 52

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. While banks will continue to do their part to fight scams, customers need to be vigilant themselves and practice good cyber hygiene.”

Verification 113

Verification Scams Financial Crimes Phishing 113

Fintech News

JULY 24, 2024

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that a significant majority of Singapore consumers are concerned about the impact of deepfakes on the upcoming elections. These technologies can spread misinformation and potentially deceive the public.

Deepfake 121

Deepfake AI Verification On-Demand 121

Finovate

MARCH 19, 2025

Core banking provider Tuum and verification platform Sumsub announced a partnership this week. This includes a global, fourfold increase in AI-driven deepfake scams. The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

Fintech Finance

JUNE 8, 2025

Smartphones have become one of the most trusted tools for identity verification today, used instinctively and seamlessly to confirm purchases, access medical records, even unlock homes with just a fingerprint or a glance. Yet when it comes to accessing financial services, phones are rarely included.

Online and Mobile Banking 86

Online and Mobile Banking Authentication Credential Verification 86

Finextra

MAY 14, 2025

New generative AI models now pop up almost every week, and even unsophisticated fraudsters use them to generate convincing ID verification sessions at scale.

Verification 52

Verification AI 52

Finezza

JUNE 20, 2025

Despite its potential, many lenders still depend on manual verification processes and […] The post AI-Powered Invoice Financing: Streamlining Manual Processes appeared first on Finezza Blog. Over the past five years, invoice financing has jumped 766%, while the value of funds unlocked for MSMEs grew 1,138% from ₹11,165 crore.

Process 52

Process Finance AI Verification 52

Fintech News

JULY 16, 2024

PT GoTo Gojek Tokopedia Tbk has introduced “Dira by GoTo AI,” an AI-enabled fintech voice assistant in Bahasa Indonesia. This launch is part of a long-term Artificial Intelligence (AI) innovation programme aimed at integrating advanced AI technology throughout GoTo ‘s ecosystem.

AI 117

AI Verification Transactions FinTech 117

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. Why Selfie Verification?

Deepfake 98

Deepfake Verification Fraud Detection AI 98

The Payments Association

APRIL 2, 2025

The survey, which forms the basis of the ‘Global Industry Pulse Report’ published by identity verification specialist Veriff, found that online fraud is a growing threat to UK businesses, with 73% suffering a negative hit to their revenue over the past 12 months. The promise and pitfalls of AI: AI is clearly a growing danger.

Fraud Prevention 88

Fraud Prevention AI On-Demand Payments 88

FloQast

MARCH 19, 2025

In an industry facing an extreme talent shortage, combined with rapidly evolving technology, Artificial Intelligence (AI) agents should be a top priority for all accounting departments to evaluate this year. But what exactly are AI agents, how can you use them, and what are the benefits? What are AI Agents? Lets dive in!

AI 52

AI Accounts Fraud Detection Audit 52

Fintech Finance

AUGUST 21, 2024

Today, Skyfire Systems, Incorporated announced the launch of the world’s first payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. AI Agents are a brand new customer base for businesses and a game-changing opportunity.

AI 98

AI Payment APIs and Integration Verification Payments 98

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. We needed a compliance partner that could scale with us while maintaining user trust.

Risk Management 59

Risk Management Compliance Risk AML 59

Finextra

JUNE 19, 2025

Home News Ai Cube buys AI operational risk provider Acin Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Cube buys AI operational risk provider Acin London-based RegTech Cube has acquired operational risk AI and technology provider Acin.

Risk 59

Risk AI Payment APIs and Integration Regs 59

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. A key feature in Experian’s Identity and Fraud solutions, identity verification, plays a vital role in the fight to prevent fraud and cybercrime.

Fraud Prevention 52

Fraud Prevention Verification Visa Payment APIs and Integration 52

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Singapore is one of the world’s leading hubs for fintech innovation.

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

The Fintech Times

FEBRUARY 22, 2024

In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023. “Artificial Intelligence (AI) will play a pivotal role in elevating security within the cross-border payments space.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

Fintech News

FEBRUARY 7, 2024

Entrust, known for its secure payments, identities, and data protection solutions, has confirmed that it is in the midst of discussions to acquire Onfido , a London-based firm specialising in artificial intelligence (AI) and machine learning (ML) powered identity verification technologies. said Mike Tuchen, Onfido’s CEO.

Acquirers 117

Acquirers AI Verification Legal 117