Fintech News

JUNE 16, 2025

Experian and GBG have expanded their partnership to enhance fraud prevention and identity verification services for organisations across Australia and New Zealand. According to Experian’s 2024 Global Identity and Fraud Report, 71% of businesses in EMEA and APAC are struggling to keep pace with evolving fraud threats.

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APACS Verification Fraud Prevention AML 66

Fintech News

MAY 27, 2024

This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. million in 2021. million in 2021.

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APACS Data Breach FinTech Fraud Prevention 114

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%

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APACS Fraud Prevention Deepfake Account Takeovers 106

Finovate

APRIL 9, 2025

. “Security Bank is transforming digital banking in the Philippines, and we’re proud to support their vision with advanced identity verification that makes onboarding both more secure and convenient,” said Entrust Regional VP of Sales, APAC, Harvinder Singh. Entrust came out of the gates strongly in 2025.

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Security Verification Deepfake Fraud Detection 87

Fintech News

JUNE 12, 2025

The session, hosted by Arys Agusman, Business Development Manager for Sumsub APAC, brought together Sumsub , Sygna, RedotPay and Asosiasi Blockchain Indonesia to outline what Indonesian crypto firms must do to stay ahead in regulatory compliance. News Regulatory Body, New Regulations to Adhere to? How to Build a Robust Compliance Program?

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Compliance Travel Rule Risk Due Diligence 110

PYMNTS

JULY 29, 2020

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, hoping to enhance clients’ experiences through faster and more secure business transactions, according to a press release. In 2018, BoA launched digital wallets in the U.S.

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APACS Commercial Card Credential Issuers 98

PYMNTS

SEPTEMBER 24, 2020

In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets. For the firms that get it right, the opportunity within APAC is significant.

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APACS Risk Online and Mobile Banking Verification 98

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

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Deepfake APACS Law Enforcement Fraud Detection 78

Fintech News

JANUARY 3, 2024

To get a sense of APAC’s up-and-coming fintech leaders, we take a look today at some of 2023’s largest VC-backed rounds fintech of funding in APAC, showcasing the startups that managed to beat the odds in the face of a challenging fundraising environment and global economic uncertainties. Perfios claims it processes 1.7

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APACS FinTech Small Business BNPL 109

Finovate

NOVEMBER 27, 2024

Digital identity and fraud prevention solutions provider Signicat has forged a strategic partnership with APAC-region data specialist AsiaVerify. ” AsiaVerify is Signicat’s first APAC-specific data provider, offering real-time access to authoritative data from official sources in countries like China and Singapore. .

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Compliance APACS Regulatory Compliance Fraud Prevention 65

Fintech News

JUNE 11, 2025

The group has been active since mid-2023, running coordinated campaigns that exploit weaknesses in remote identity verification systems. Fragmented compliance requirements, inconsistent reporting standards, and widespread adoption of remote onboarding all combine to make APAC an ideal testing ground for cybercriminals. In the U.S.,

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Crime Deepfake AI APACS 62

Trade Credit & Liquidity Management

JULY 9, 2025

“Eftsure now offers international payment verification across Europe and the Asia-Pacific (APAC) region. . “Cybercrime and scam tactics are evolving rapidly, which is why businesses need collaborative, borderless solutions,” said Jon Soldan, Eftsure CEO. This expansion empowers U.S.

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Fintech News

MAY 22, 2024

Data analytics company LexisNexis estimates that the cost of financial crime compliance in APAC will approach the US$45 billion mark in 2023, showcasing the substantial investment required to meet stringent compliance requirements. Additionally, IDVerse has gained accreditation from the UK’s ACCS for its API for age verification services.

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Financial Crimes Crime APACS Risk Assessment 92

Finextra

SEPTEMBER 3, 2024

Sumsub, a global full-cycle verification platform, has announced that Local Data Processing (LDP) capabilities are now available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines.

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APACS Process Verification 59

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia. Sumsub established its first APAC headquarters in Singapore in July 2023.

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Identity Theft APACS Deepfake Money Laundering 105

The Fintech Times

NOVEMBER 12, 2024

AU10TIX , the global identity verification and management firm, has expanded its operations in India after establishing a dedicated presence in Bengaluru. AU10TIX says this move makes its identity verification solution more accessible, enhancing its ability to serve 1.4

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Verification Cross-Border APACS AI 64

Fintech Finance

NOVEMBER 6, 2024

Despite the popularity of passwords and OTPs, these traditional verification methods are increasingly vulnerable to online scams like phishing or being intercepted by fraudsters via screen mirroring. The post Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions appeared first on FF News | Fintech Finance.

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Visa APACS Transactions Authentication 98

The Fintech Times

APRIL 23, 2024

Marking the one-year anniversary of its Singapore office, Trulioo , the identity platform for person and business verification, has revealed that it achieved a 90 per cent business verification rate across the APAC region, including in markets with minimal data availability and multiple languages.

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APACS Verification Cross-Border Processors 59

Fintech News

AUGUST 12, 2024

Here are the eight selected startups: Edubuk A platform for global academic and professional credentials verification, using blockchain and AI to streamline background checks. The XDC Network, compatible with Ethereum Virtual Machine (EVM), is equipped to support these startups in applying blockchain technology to real-world applications.

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Blockchain Credential Verification AI 139

Fintech Finance

SEPTEMBER 26, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership expansion with Airwallex , a leading global payments and financial platform for modern businesses. and the Dutch Central Bank.

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Fraud Prevention Verification Payment APIs and Integration Compliance 98

Fintech News

JANUARY 17, 2024

Tackling such sophisticated identity fraud will be a priority across APAC in 2024. APAC nations face unique fraud challenges In the Jumio report, a concerning picture emerges for the Asia-Pacific (APAC) region, where significant challenges related to fraud and identity issues are on the rise.

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Deepfake APACS Scams Authentication 122

Fintech News

DECEMBER 13, 2023

Sumsub, a global full-cycle verification platform, announced that it has officially become a member of the Singapore Fintech Association (SFA). The firm had set up its regional headquarters in Singapore in July this year.

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Web 3.0 FinTech APACS Participant 107

PYMNTS

OCTOBER 19, 2020

Business verification platform Detected , which was founded during the pandemic, has closed a pre-seed funding round with £250,000, featuring contributions from numerous prominent investors, according to a report from U.K. Tech News (UKTN).

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Verification B2B APACS Automation 64

The Fintech Times

JUNE 20, 2024

Retail trading platform Capital.com has selected identity verification platform Trulioo , to support its global expansion with streamlined customer onboarding. Combined with fuzzy matching to handle variations in form and spelling, it delivers enhanced verification accuracy and match rates.

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Verification APACS Risk Management Volume 59

The Fintech Times

OCTOBER 31, 2024

SHOPLINE will leverage Unlimit’s portfolio of more than 1,000 global payment methods and card acquiring services to help Chinese merchants seamlessly process customers in other APAC countries and new markets, like LatAm, Europe, the UK as well as Africa.

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FinTech Verification Money Laundering Regulatory Compliance 59

The Payments Association

FEBRUARY 5, 2025

The breakdown by region is as follows: 52% APAC, 20% Europe, 11% North America, 8% UK, 9% Middle East, Latin America (LATAM), and Africa. Across 12 insights, get instant visibility on how your strategy and pain points compare with your peers in banking and payments. Read more here

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ISO 20022 Cross-Border Payments Cross-Border ISOs 88

Fintech Review

MAY 4, 2025

KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Persona Provides fully customisable identity verification flows with options for ID checks, biometrics, and database lookups. Best for : Businesses expanding globally that require high verification speed.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

The Paypers

SEPTEMBER 4, 2024

Sumsub , a worldwide verification platform, has released Local Data Processing (LDP) capabilities in the APAC region.

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APACS Process Verification 36

Fintech News

SEPTEMBER 9, 2024

Frederic Ho, who is the APAC VP at Jumio , a global provider of automated, AI-driven identity verification said that online identity verification plays an important role in digital transformation to ensure the transacting person is who they claim to be.

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Deepfake PCI DSS Verification Financial Inclusion 126

Fintech News

MAY 14, 2024

Card Payments Surge Across APAC Among card payments, debit cards remain the most popular transaction type in China, boosted by a state-backed inclusive finance programme to encourage bank account openings in rural areas. In India, credit card payment transactions recorded the highest growth in APAC.

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Digital Payments Debit Card APACS Credit Cards 107

The Paypers

JULY 20, 2023

Security and transaction monitoring solutions provider Sumsub has planned to make Singapore its APAC headquarters offering full-cycle verification services as part of its expansion goals.

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APACS Verification Transactions Security 36

Fintech News

JULY 16, 2024

Frustration with identity verification processes has impacted consumer behavior, with one in five bank customers stopping or reducing their use of existing personal bank accounts and credit cards due to cumbersome and time-consuming checks. said Aashish Sharma, APAC Segment Leader for Risk Lifecycle and Decision Management at FICO.

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Identity Theft Online and Mobile Banking Checks Compromise 108

Fintech News

DECEMBER 10, 2023

This solution enhances the customer experience, fosters trust, and integrates easily into various platforms for real-time data verification,” said Edward. In APAC, financial inclusion has emerged as a driving force behind digital innovation.

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Addressing Fraud Prevention Financial Inclusion Payments 117

Fintech News

OCTOBER 23, 2024

The growing digital maturity of APAC, coupled with the rise in cloud computing, is also driving the adoption of third-party banking software solutions. Cloud adoption in APAC has lagged behind more developed regions, largely due to the region’s complex regulatory environment.

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Finance APACS Multi-Currency Origination 114

Fintech News

JUNE 6, 2024

. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio. The benefits of digital identity verification extend beyond just enhanced security.

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Scams Phishing Deepfake Verification 107

PYMNTS

OCTOBER 24, 2016

Trulioo, the global identity verification company, announced Monday (Oct. 24) that it now offers real-time identity verification coverage in 60 countries through its GlobalGateway platform. Today’s increasingly digital world is reshaping the preferences and expectations of how consumers move money online, said Trulioo. “The

Money Laundering 73

Money Laundering Online and Mobile Banking Cross-Border Payment APIs and Integration 73

The Fintech Times

SEPTEMBER 11, 2024

AU10TIX, a company specialising in identity verification and management, also reveals significant vulnerabilities in the Asia-Pacific (APAC) region, where financial-related identity fraud has been escalating. per cent of all transactions being fraudulent.

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Bots Deepfake Automation APACS 59