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Jumio Rolls Out Advanced Liveness Detection to Combat Deepfakes

Fintech News

Jumio has announced the general availability of Jumio Liveness Premium with advanced deepfake detection, which it describes as its most advanced biometric liveness detection tool to date. The post Jumio Rolls Out Advanced Liveness Detection to Combat Deepfakes appeared first on Fintech Singapore.

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APAC Fintech Faces 116% Spike in Fraud Linked to Deepfakes, Synthetic IDs

Fintech News

Sumsub attributes the growing threat to the widespread use of AI-driven tools, including deepfakes and synthetic identity documents, which are being used to bypass digital verification processes. Deepfake-related fraud has expanded beyond impersonation and election interference to include AI-generated job scams.

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Deepfake Dangers Escalate: AuthenticID Unveils Troubling Trends in 2025 Fraud Report

The Fintech Times

The use of deepfake technology and generative AI is also on the rise, compounding the threat range. In 2024, we saw just how sophisticated fraud has now become: from deepfakes to sophisticated counterfeit IDs, generative AI has changed the identity fraud game, said Blair Cohen , AuthenticID founder and president.

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Fighting deepfakes via payments

Payments Dive

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

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AI and Deepfakes Raise Concerns for Singapore Voters Ahead of Elections

Fintech News

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that a significant majority of Singapore consumers are concerned about the impact of deepfakes on the upcoming elections. It revealed that 83% of Singaporeans are concerned about for AI and deepfakes in politics, compared to 75% globally.

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Podcast: How an anti-fraud startup fights deepfake fraud

Bank Automation

Financial institutions are looking to deepfake detection solutions in their fight against the growing threat of generative AI-driven fraud. The growing deepfake detection market is expected to be a $15.7 billion industry by 2026, according to consultancy firm Deloitte.

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Cyber Threats Surge in India’s Financial Sector

Fintech News

The surge of deepfakes The rise of AI has also led to a surge in deepfake attacks. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. Cyber threats have become an immediate and inescapable reality for Indias banking, financial services and insurance (BFSI) industry.