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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

Traditional fraud prevention methods are struggling to keep up with the sheer scale and speed of today’s changing threat landscape. Synthetic identity fraud now ranks among the top five threats keeping fraud teams up at night, particularly in mobile-first, high-growth markets like Southeast Asia.

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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. The company was founded in 2019.

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Lynx fraud prevention wins top spot at FSTech Awards

The Payments Association

We’re excited to share that Lynx has won the Anti-Fraud Solution of the Year award at the 2025 FSTech Awards, a celebration of financial services innovation in the UK and EMEA. Financial institutions (FIs) grapple with complex, interconnected fraud and financial crime challenges.

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How AML compliance is intersecting payment fraud prevention

Payments Source

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Flagright and SALT to Bolster Compliance and Fraud Prevention for SMEs

Fintech News

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

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OnePay selects Flagright for trransaction monitoringg and AML compliance

Finextra

Home Announcements Regulation OnePay selects Flagright for trransaction monitoringg and AML compliance External This content is provided by an external author without editing by Finextra. By adopting scalable AI-powered monitoring tools, OnePay reinforces its leadership in proactive compliance and fraud prevention.

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Numerated Partners With Alloy To Supercharge Fraud Prevention In Commercial Lending

Fintech Finance

Additionally, 96% of these institutions suffered financial losses due to fraud, with 70% reporting losses exceeding $500k during that period. This underscores the critical need for advanced fraud prevention in the financial sector, a need that Alloy’s platform will directly address within Numerated’s commercial lending solutions.