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Sumsub Launches Australia DVS Verification for Secure ID Checks

Fintech News

This solution offers real-time, government-backed validation of identity documents, including passports, driving licences, and visas. By integrating with DVS, Sumsub ensures compliance with local anti-money laundering (AML) and Know Your Customer (KYC) regulations while reducing fraud and streamlining onboarding through automation.

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Enforcing AML/KYC Compliance When Legal Precedent Does Not Apply

PYMNTS

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

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Sumsub Bolsters Presence in Southeast Asia with New Partnerships

Fintech News

Governments in these countries have responded by tightening regulations in the KYC (know-your-customer) and AML (anti-money laundering) sectors. Sumsub established its first APAC headquarters in Singapore in July 2023.

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Digital Identity Verification 

Segpay

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Reliable digital identity verification helps ensure that only genuine users gain access to services.

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Redpin Launches New Payments Platform in Spain to Improve Efficiency and Cut Fraud in £3.5tn International Home Buying Market

Fintech Finance

Europol’s 2023 report on cyber-enabled fraud also highlighted an increase in social engineering tactics, including fraudulent payment instruction scams, phishing, and identity theft that specifically exploit the slow and fragmented nature of international property payments.

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Enfuce Challenges the Global Payments Industry to Go Beyond Compliance With Launch of Fortitude Pledge

Fintech Finance

More specifically, Enfuce is committing to: Screening 100% of transactions Flagging 100% of high-risk transactions Blocking 100% of prohibited transactions Reporting 100% of suspicious transactions Training 100% of employees in anti-money laundering (AML)/counter-terrorism funding (CTF) best practices But Enfuce is not stopping there.

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Fraud and Financial Crime 2020: Child ID Theft and More

FICO

Identity Theft Demands Self-Advocacy. My colleague, TJ Horan, recently blogged about his predictions regarding the very real threat of identity theft for consumers in 2020. Did you know that more than 1 million American children were victims of identity fraud in 2017 – and the damage included $2.6