Fintech News

MARCH 20, 2024

Fraud networks, engaging in activities like multi-accounting, money laundering, and personal data breaches, target digital platforms such as cryptocurrency exchanges, fintech applications, dating services, and online casinos. Fraud networks, however small they may seem right now, will gain prominence, just like AI-powered deepfakes.

APACS 109

APACS Fraud Prevention Deepfake Account Takeovers 109

Fintech News

MARCH 12, 2024

This trend is underscored by Sumsub’s reports, which note a 128 percent increase in deepfake incidents in 2023, with the Asia-Pacific region experiencing a 1530 percent surge. Together, we are striving for the cryptocurrency economy to flourish,” added Ian Andrews, Chief Marketing Officer at Chainalysis.

Transactions 113

Transactions Security Deepfake Travel Rule 113

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cryptocurrency and Blockchain. Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

The Payments Association

MAY 7, 2025

1) AI-driven fraud and deepfakes Fraudsters are increasingly leveraging Artificial Intelligence (AI) to conduct highly convincing scams. These sophisticated attacks are designed to deceive even the most cautious businesses and consumers, from AI-generated phishing emails to deepfake videos and voice impersonations. How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

The Payments Association

MARCH 10, 2025

A cryptocurrency exchange (MCC 6051Digital Currency Services) is subject to tighter compliance requirements than an online bookstore (MCC 5942Books & Media). Example: A cryptocurrency exchange (MCC 6051) that exceeds chargeback thresholds may be forced to use high-risk payment processors. Target: Keep chargebacks below 0.9%

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. Source: TRM Lab’s 2025 Crypto Crime Report Terrorist Financing and Sanctions Evasion Saw The Rise of Digital Laundering One of the most alarming trends identified in the 2024 report is the expansion of cryptocurrency use in terrorist financing.

Crime 91

Crime Ransomware Scams Phishing 91

Evolve Payment

JANUARY 14, 2025

Accept cryptocurrency payments. Set up recurring billing, or a billing program with payment terms – this can easily be automated with the right tools in place. Accept mobile payments if you are physically in front of your customer. Use email invoicing. Set up ACH payments , as well as credit cards.

Process 97

Process IRS B2C Credit Cards 97

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Get the full scoop in the Tracker. About The Tracker.

Money Laundering 64

Money Laundering AML Online and Mobile Banking Deepfake 64

The Fintech Times

MARCH 28, 2024

.” With a focus on global interoperability, regulatory assurance, and market credibility, the partnership is a giant step towards ensuring streamlined and interconnected cryptocurrency transactions. Ensuring interoperability in the crypto space Founded in 2017, Binance has been among Sumsub’s clients since 2021.

Travel Rule 64

Travel Rule Rules Interoperability Verification 64

Fintech News

MARCH 5, 2024

Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat. This session will not only explore the challenges, opportunities, and future potential of CBDCs in transforming money movement but also aims to demystify the hype surrounding cryptocurrencies.

APACS 109

APACS Embedded Finance Financial Inclusion CBDC 109

Fintech News

MARCH 5, 2024

Singapore witnessed a staggering 33% rise in deepfakes in Q2 2023, highlighting a global escalation of this threat. This session will not only explore the challenges, opportunities, and future potential of CBDCs in transforming money movement but also aims to demystify the hype surrounding cryptocurrencies.

APACS 98

APACS Embedded Finance Financial Inclusion CBDC 98

Finovate

MARCH 29, 2024

FRNZX – Tel Aviv, Israel-based FRNZX was founded by experts in cryptocurrencies, AML, and intelligence to empower AML compliance in the cryptocurrency sector. The startup has innovated in voice deepfake detection and considers itself the only company that successfully correlates face and voice.

Verification 69

Verification Privacy AML AI 69

Segpay

NOVEMBER 20, 2023

Referred to as “deepfakes” or “deepnudes,” photos of the faces of real people have been fed into AI algorithms to learn and create realistic images that can be photoshopped into adult videos, making it seem as if the person is performing in those videos. Ensure privacy and discretion.

AI 52

AI Fraud Detection Privacy Indemnification 52