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Why Financial Crime Keeps Rising, Even After $200 Billion in Compliance Costs

Fintech News

Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam networks are evolving faster than traditional defenses.

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Sumsub Unveils AI-Enhanced Case Management to Tackle Evolving Financial Crime

Fintech News

Summy provides case summaries and recommends actions for teams working in risk, compliance, and fraud. This rise is attributed to the growing use of deepfakes, fraud-as-a-service operations, and fast-changing fraud typologies. With the rise of deepfakes and complex fraud schemes, teams can’t afford to work in silos.

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LexisNexis Risk Solutions Set to Acquire IDVerse to Combat AI Fraud

Fintech News

This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes. Rick Trainor Rick Trainor, CEO of Business Services for LexisNexis Risk Solutions, said, AI-powered solutions are necessary to counter the threat of AI-generated fraud attacks, including deepfakes.

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Financial Crime 360 state of the industry report 2025

The Payments Association

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Job titles span executive leadership, compliance management, risk oversight, and technical implementation roles.

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Intergiro Bolsters Embedded Finance Defences With SEON Partnership

The Fintech Times

A new partnership has been announced between Swedish embedded finance provider Intergiro and SEON , the digital fraud prevention and compliance firm, to improve security in the former’s embedded finance ecosystem and combat growing cyber threats.

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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. This includes a global, fourfold increase in AI-driven deepfake scams.

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Navigating the rise of AI-enabled fraud

The Payments Association

The growing threat of AI-related fraud puts financial institutions at risk of significant financial losses and jeopardises consumer trust and compliance with regulations. It has also expanded the scope of compliance by covering previously challenging areas to monitor.

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