Fintech News
FEBRUARY 27, 2024
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
Fintech News
FEBRUARY 5, 2025
Additionally, it enhances fraud prevention by identifying data inconsistencies, helping to reduce identity theft and fraudulent account creation. said Penny Chai, Vice President of Business Development, APAC at Sumsub. Sumsubs increasing focus on Australia is part of its broader expansion across the Asia-Pacific region.
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Payments Dive
OCTOBER 22, 2020
And fraudsters buy this data to commit synthetic identity theft. Data breaches are a common phenomenon not unique to the US - companies around the world face similar challenges. Personal information exposed from data breaches often winds up for sale on dark web marketplaces.
Fintech News
MAY 22, 2024
of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. Among the top 50 financial crime tech companies named in FinCrimeTech50 , four originate from APAC and represent the region’s financial crime technology pioneers.
Fintech News
JUNE 11, 2025
Fragmented compliance requirements, inconsistent reporting standards, and widespread adoption of remote onboarding all combine to make APAC an ideal testing ground for cybercriminals. Unlike old-school identity theft, this involves creating completely new digital identities by stitching together real and fake information.
Fintech News
JULY 10, 2024
By partnering with local resellers, Sumsub aims to provide robust verification solutions to businesses in these key markets, helping them meet compliance standards and combat fraud and identity theft effectively. Sumsub established its first APAC headquarters in Singapore in July 2023.
Fintech News
JULY 16, 2024
In the past year, identity checks have become more frequent, with 53% of respondents noticing more checks when logging into bank accounts and 48% during online purchases. This increase in identity checks by Singapore banks is a direct response to the significant issue of identity theft in the country.
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