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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. in verification times.

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Sumsub Launches Australia DVS Verification for Secure ID Checks

Fintech News

Sumsub , a full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product. For Australian businesses that require secure and compliant document verification, Sumsubs DVS Verification facilitates user onboarding with real-time identity validation.

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Crypto Firms in Indonesia Must Rethink Their Compliance Now, Or Risk Losing Out

Fintech News

These developments were the focus of a recent webinar, “ Strengthening Your Crypto Compliance Program: Addressing AML and OJK Requirements ,” part of the Indonesia Crypto Literacy Program. Businesses want faster verification processes and to improve user experience, a major bottleneck in onboarding users.”

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Experian and GBG Join Forces to Tackle Identity Fraud in Australia and NZ

Fintech News

Experian and GBG have expanded their partnership to enhance fraud prevention and identity verification services for organisations across Australia and New Zealand. According to Experian’s 2024 Global Identity and Fraud Report, 71% of businesses in EMEA and APAC are struggling to keep pace with evolving 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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Signicat Partners with AsiaVerify to Help Businesses Meet Compliance Requirements

Finovate

Digital identity and fraud prevention solutions provider Signicat has forged a strategic partnership with APAC-region data specialist AsiaVerify. ” AsiaVerify is Signicat’s first APAC-specific data provider, offering real-time access to authoritative data from official sources in countries like China and Singapore. .

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Finding Your Crypto Home: What Makes an Exchange Platform Trustworthy

Finextra

Compliant exchanges implement robust Know Your Customer ( KYC ) procedures and Anti-Money Laundering ( AML ) protocols. Trade volume verification has become increasingly important in evaluating exchange legitimacy. State-level money transmitter licenses. FinCEN registration as Money Services Businesses.