Fintech News

FEBRUARY 5, 2025

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.

Verification 74

Verification Checks Security Due Diligence 74

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.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

Fintech News

JULY 10, 2024

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.

Identity Theft 109

Identity Theft APACS Deepfake Money Laundering 109

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. In May, Fintech Global released its inaugural FinCrimeTech50 list, recognizing the world’s leading technology companies fighting money laundering, fraud and financial crime.

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

FICO

JANUARY 22, 2020

Interestingly, nearly half of the respondents (46 percent) are currently only using 1 or 2 of these strategies , potentially leaving them more exposed to attack vectors such as identity theft, account takeovers, cyberattacks. Why try to crack a safe when you can walk in the front door?

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

FICO

APRIL 16, 2019

Most APAC banks surveyed continue to take a precautionary approach to stopping fraud. More than 50 percent of APAC banks continue to simply block cards on the first fraud alert, a rate that remains unchanged from the 2017 survey. Stopping Fraud - Identity Theft. A recent report stated that APAC accounts for 35.9%

APACS 40

APACS Identity Theft Compromise Blocks 40

Fintech News

OCTOBER 28, 2024

Frederic Ho, Jumio VP of APAC said his eKYC firm addresses the vulnerabilities of database and biometric identity verification systems to deepfake and identity theft, by implementing advanced liveness detection to counter sophisticated fraud tactics like face morphing, face swapping, and camera injection in eKYC processes.

Verification 122

Verification Deepfake AI Identity Theft 122