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Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud.
In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. A year later, Kathmandu-based NIC Asia Bank suffered a major heist, with hackers managing to make about US$4.4
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Digital frauddetection innovator BioCatch has forged a partnership with Google Cloud. The two companies will leverage their new relationship to bring fraud prevention solutions to expanding markets, starting in Southeast Asia. ” BioCatch helps companies deal with this shifting landscape of digital fraud threats.
This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking. KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Best for : Finance teams aiming to improve DSO and cash flow forecasting.
APACFraud Forum : At this FICO customer meeting in the Philippines, my presentation highlighted FICO’s advances in mobile analytics and cyber analytics. On the first day my presentation topic is “Advanced AML Analytics – Best Practices.” Interacting with FICO customers and colleagues.
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We also heard from clients that they wanted to drive better economies of scale by leveraging a common technology platforms to ingest, orchestrate, enrich and score transactional data for both fraud and AML decisioning. What was clear, is that there are lessons learn from fraud, that could benefit AML teams.
SEON has announced growth across the Asia-Pacific (APAC) region. The company attributes this expansion to an increased demand for unified, real-time frauddetection and Anti-Money Laundering (AML) solutions. The post SEON Expands APAC Presence Amid Fraud Solution Demand appeared first on Fintech Singapore.
How can banks successfully balance the calls for innovation in an increasingly competitive fintech space against neobank upstarts, super-apps, and resurgent e-wallets across Southeast Asia while addressing security concerns arising from AI-based fraud?
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