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

Finovate

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime.

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Sumsub Academy Launched, Providing Expert-Led Fraud Prevention Courses

Fintech News

Sumsub has launched Sumsub Academy, an educational initiative aimed at empowering professionals in compliance, risk, and fraud prevention. Additionally, businesses face growing financial risks, with the average cost per fraud event around USD $300,000. Deepfakes now account for 7% of all fraud cases.

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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Philippines-based Security Bank has announced a new collaboration with Entrust. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank. ” Established in 1951, Security Bank has deployed Entrust’s Onfido Studio platform. .

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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). Coupled with a culture of innovation and trust, this drives effective, customer-centred fraud prevention."

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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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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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Navigating the rise of AI-enabled fraud

The Payments Association

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

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