Finextra

MARCH 11, 2025

From AI-generated deepfakes to synthetic identities and hyper-targeted phishing attacks, fraud is evolving faster than ever.

Deepfake 52

Deepfake Phishing AML AI 52

Finextra

JUNE 25, 2025

Real-Time Compliance & AML Monitoring With faster payments come faster risks—and heightened regulatory expectations. From voice cloning to deepfake merchant scams, the threat landscape is evolving. Powering conversational AI agents that resolve queries quickly, 24/7.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 59

PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Around The AML/KYC World. Other companies are turning to management and workflow automation tools to improve their KYC and AML efforts. About The Tracker.

Money Laundering 64

Money Laundering AML Online and Mobile Banking Deepfake 64

The Payments Association

OCTOBER 22, 2024

This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments. While fraudsters use it to create deepfakes and manipulate unsuspecting victims, financial institutions can also harness AI to combat these threats.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Fintech News

FEBRUARY 18, 2024

The platform’s capabilities—ranging from ID Verification, Liveness and Face Match, to PoA and Ongoing AML Monitoring—were instrumental in transforming dtcpay’s operational landscape. This flexibility, alongside advanced features and constant AML monitoring has been central to dtcpay’s efforts to streamline its operations.

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

The Fintech Times

MAY 12, 2024

Emerging technology such as AI has enabled threat actors to take a sophisticated approach to fraud, with global full-cycle identity verification platform, Sumsub , revealing a 10x increase in the number of deepfakes detected worldwide from 2022 to 2023.

Financial Crimes 69

Financial Crimes Crime Money Laundering Deepfake 69

PYMNTS

NOVEMBER 14, 2019

What’s more, the digital shift is adding new pressures on financial institutions (FIs) themselves, particularly when it comes to the onboarding and KYC process, as PYMNTS’ latest AML/KYC Tracker discusses. This means a more complex anti-money laundering (AML) and know your customer (KYC) compliance strategy. ”

Online and Mobile Banking 59

Online and Mobile Banking AML Small Business Mobile Banking 59

Finovate

SEPTEMBER 18, 2024

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.

Fraud Detection 65

Fraud Detection Verification Payment APIs and Integration OFAC 65

The Payments Association

APRIL 7, 2025

Meanwhile, businesses are subject to an increasingly strict AML regulatory focus and a turbulent sanctions landscape. AI-driven fraud is on the rise, with identity deepfakes identified by 56.29% as a significant threat and automated personal data collection highlighted by 32.45% of respondents.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

PYMNTS

SEPTEMBER 12, 2019

The projected 2020 cost of AML compliance across all U.S. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The drivers of AML initiatives in the U.S. financial institutions (77 percent) for AML compliance. The Cost of Compliance.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

Finovate

MARCH 13, 2024

Additionally, the technology enables real-time fraud detection, and users can connect KYC, AML, and KYB verification with transaction monitoring for further vigilance against suspicious activity. ” Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

The Payments Association

MARCH 10, 2025

Industries becoming higher risk due to stricter compliance and monitoring Cryptocurrency & Financial Services (6051, 6211, 6012): AML rules and KYC verification tightening. AI-generated content & online services (5815, 5816, 7372): Rising fraud from deepfake content and fake accounts.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

Finovate

FEBRUARY 8, 2024

Features Provides an innovative method to detect deepfakes in call centers, with or without DB Delivers a revolutionary way to prevent identity theft Offers a unique voice-face matching technology Who’s it for? Banks, credit unions, payment providers, and small-and-medium-sized businesses.

Payment APIs and Integration 59

Payment APIs and Integration Identity Theft Deepfake AI 59

The Fintech Times

MARCH 6, 2024

The end-to-end fraud prevention and AML platform, SEON, has published its latest findings in its Fraud Trends 2024 guide , revealing businesses’ challenges for the year ahead. In fact, 71 per cent of respondents named it as the number one issue, particularly in automated attacks and deepfake technologies.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59

Finovate

MARCH 29, 2024

FRNZX – Tel Aviv, Israel-based FRNZX was founded by experts in cryptocurrencies, AML, and intelligence to empower AML compliance in the cryptocurrency sector. The startup has innovated in voice deepfake detection and considers itself the only company that successfully correlates face and voice.

Verification 69

Verification Privacy AML AI 69

PYMNTS

DECEMBER 17, 2019

Kopp is particularly concerned about the rise of synthetic identities , deepfakes and data breaches, as these new hacking measures have been unsettlingly successful in a number of recent cases. Feedzai is one best-in-class anti-fraud/AML platform that is making inroads with alt-banks and FinTechs. To Catch a Thief with Data.

Online and Mobile Banking 52

Online and Mobile Banking Deepfake AML Data Breach 52

Finovate

FEBRUARY 8, 2024

“Deepfakes and synthetic identity are driving a global need for a powerful level of identity assurance that facilitates crucial digital journeys in banking, finance, government, travel, and more,” Wilkinson said. Most recently, Onfido launched its Compliance Suite.

Acquirers 52

Acquirers Verification Deepfake AI 52

The Fintech Times

JANUARY 17, 2024

Artificial intelligence (AI) has emerged as a new fraud challenge finds ComplyAdvantage , the AI-driven fraud and AML risk detection firm, as it launches ‘The State of Financial Crime 2024’ report. Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware.

AI 59

AI Financial Crimes Crime Security 59

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

PYMNTS

NOVEMBER 13, 2019

FIs cannot afford to be lax with KYC and AML procedures, and their handling of sensitive information means they are held to some of the highest KYC standards. Fraudsters could upload pre-recorded videos of other people, wear masks or use deepfakes to try to hide their true identities.

Verification 40

Verification Deepfake AML Security 40

PYMNTS

SEPTEMBER 11, 2019

Companies have deployed liveness checks and other robust measures to help verify identities and combat fraud, and they will have to continue to upgrade their defenses to stay ahead as scams like deepfakes become more prominent, Dinh predicted.

Security 45

Security Online and Mobile Banking Procedures Deepfake 45

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

Verification 121

Verification Deepfake AI Identity Theft 121

The Payments Association

MARCH 20, 2025

Criminals are becoming increasingly sophisticated, employing tactics such as generating fake IDs, using deepfake images and video, and mimicking human movements to deceive detection systems, says Roussel. Jimmy Roussel, COO at ID verification provider IDScan. net, says criminals have seized upon AI to take their schemes to the next level.

Financial Crimes 88

Financial Crimes Crime Best Practices Deepfake 88