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Europe’s compliance fatigue crisis: Why financial services must rethink risk and regulation

The Payments Association

European financial institutions face rising fraud, regulatory pressure, and compliance fatigue—modernisation is now essential for resilience and risk reduction. And while the pressure to meet compliance requirements has always been part of the job, a new and dangerous trend is taking shape: compliance fatigue. The result?

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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. Its advanced accuracy delivers improved and more comprehensive identity verification for clients. The acquisition is expected to be completed in early 2025, subject to customary regulatory consents.

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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 Case Management feature is integrated across Sumsub’s identity verification, anti-fraud, and anti-money laundering solutions, and is available for immediate deployment without requiring complicated setup procedures.

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

Finovate

Core banking provider Tuum and verification platform Sumsub announced a partnership this week. 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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Meet Grey Nickel, the AI Crime Syndicate Targeting Banks and Crypto Across Asia

Fintech News

At the centre of this threat is Grey Nickel , a sophisticated cybercriminal group using deepfakes, synthetic identities, and AI-powered attack tools to breach banks, crypto exchanges, and digital payment platforms. Consider Hong Kong, where in early 2024 a deepfake scam tricked a corporate employee into transferring USD $25.6

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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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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). Embedding Trusted AI and continuous ID verification is critical to counter synthetic media threats. of the sample.