Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. Deepfake cases grew even more significantly, surging fourfold between 2023 and 2024 to account for 7% of all fraud attempts.

Deepfake 85

Deepfake APACS Account Takeovers Verification 85

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. The incidence of network fraud in APAC is notably higher than in other regions, with Asia reporting an average of 2.6%

APACS 109

APACS Fraud Prevention Deepfake Account Takeovers 109

Fintech News

MARCH 5, 2024

Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat. In the APAC region alone, there are 11 profitable digital banks out of 13, marking this as a thriving space. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. . #4

Embedded Finance 109

Embedded Finance APACS Financial Inclusion CBDC 109

Fintech News

MARCH 5, 2024

Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat. In the APAC region alone, there are 11 profitable digital banks out of 13, marking this as a thriving space. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P. . #4

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98