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APAC Sees 23% Decline in Crypto Fraud

Fintech News

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.

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APAC’s Digital Banking Growth Sparks a Surge in Fraud Cases

Fintech News

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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4 Trends Shaping How We Combat Money Laundering In Asia Pacific

Fintech News

The Asia-Pacific (APAC) region faces significant challenges in combating money laundering due to its diverse economies, large volume of cross-border trade, and varying levels of regulatory enforcement across different countries — the trends of money laundering in Asia Pacific are constantly evolving.

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BioCatch and Google Cloud Bring Fraud Prevention Solutions to Expanding Markets

Finovate

Digital fraud detection 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.

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Top 100 Fintech Tools and Platforms for Businesses

Fintech Review

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.

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My Keynote World Tour Wrap-Up: “Analytics Will Rock You”

FICO

APAC Fraud 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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payabl. Survey Shows Instant Payments Seen as Biggest Opportunity for Growth, Alongside Overwhelming Industry Optimism

Fintech Finance

Regulation is cited as the primary hindrance of growth, at 41%, followed by technology and infrastructure challenges, and fraud and risk management. Globally, various new regulations and updates to existing policies have been implemented across the past year, including PSD3, CESOP, the EU AML/CFT Package and more.