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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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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

Real-Time Fraud Detection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. The Rise of AI-Driven Threats - And the Counter Response AI is powering fraud just as much as it’s preventing it.

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Ant International Deploys AI to Streamline and Protect Cross-Border Transactions for Nearly 100 Million SMEs Worldwide

Fintech Finance

To counteract AI-assisted cyberattacks, Ant International has developed an anti-deepfake electronic Know Your Customer (e-KYC) tool over two years.

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Identity Fraud Surges in Scale and Sophistication, with APAC’s Financial Services Becoming a Prime Target

Fintech News

Identity fraud is evolving into a global issue, growing both in frequency and complexity. Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. of total fraud attempts.

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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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Identity Fraud Attacks on Social Media Rose by 27% in 2024 Alone, Reveals AU10TIX

The Fintech Times

Dan Yerushalmi , CEO of AU10TIX “FaaS has elevated cybercrime, enabling a whole cohort of the population to join in on global fraud by launching large-scale attacks involving up to over 8,000 incidents,” explained Dan Yerushalmi , CEO of AU10TIX.

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LexisNexis Risk Solutions Set to Acquire IDVerse to Combat AI Fraud

Fintech News

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.

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