Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia.

Identity Theft 111

Identity Theft APACS Deepfake Money Laundering 111

Fintech News

SEPTEMBER 9, 2024

Battling the growing threat of deepfakes with digital identity But really, how important is digital identity to a flourishing digital banking ecosystem?

Deepfake 130

Deepfake PCI DSS Verification Financial Inclusion 130

Finovate

MARCH 13, 2024

Verification provider Sumsub announced a partnership with blockchain data platform Chainalysis this week. Full-cycle verification provider and FinovateEurope alum Sumsub announced an integration with blockchain data platform Chainalysis this week. Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

Finovate

MARCH 29, 2024

AU10TIX expands its Digital ID identity verification solution Israel-based identity verification and management specialist AU10TIX announced the expansion of its Digital ID solution this week. Serving as a verification hub for businesses, AU10TIX’s Digital ID solution enables faster and more accurate identity verification.

Verification 69

Verification Privacy AML AI 69

Finovate

SEPTEMBER 18, 2024

Identity verification specialist ID-Pal announced a global strategic partnership with CLOWD9. The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. ID-Pal made its Finovate debut at FinovateFall 2024 in New York.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

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 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

The Payments Association

APRIL 7, 2025

Meanwhile, businesses are subject to an increasingly strict AML regulatory focus and a turbulent sanctions landscape. It is also good to see so much investment in AI, digital ID verification, and technology to automate processes, as there is a lot of opportunity here for streamlining operations and identifying suspicion more effectively.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Finovate

FEBRUARY 8, 2024

Payments, identities, and data security company Entrust confirmed that it has entered “exclusive discussions” to acquire identity verification technology company Onfido. Trusted payments, identities, and data security company Entrust may be on the verge of acquiring identity verification (IDV) technology company Onfido.

Acquirers 52

Acquirers Verification Deepfake AI 52

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

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. FIs have thus been seeking out online verification methods that are rigorous enough to meet regulatory approval but quick enough for customers. Additional Considerations.

Verification 40

Verification Deepfake AML Security 40

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

SEPTEMBER 11, 2019

STACK implements various behind-the-scenes procedures — tokenization, identity verification and automated fraud detection, for example — and provides customer-facing options that give users a sense of control and transparency.

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 124

Verification Deepfake AI Identity Theft 124

The Payments Association

MARCH 20, 2025

Jimmy Roussel, COO at ID verification provider IDScan. 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.

Financial Crimes 88

Financial Crimes Crime Best Practices Deepfake 88