Finovate

MAY 28, 2025

The partnership will combine Daon’s identity verification and biometric authentication technology with Giesecke+Devrient’s digital security product suite. Digital identity company Daon has forged a strategic partnership with security technology firm Giesecke+Devrient (G+D).

Fraud Prevention 52

Fraud Prevention Verification Deepfake Central Bank 52

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

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APACS Fraud Prevention Deepfake Account Takeovers 109

Fintech News

JULY 10, 2024

Sumsub, a global verification provider, has announced strategic partnerships with several resellers in Southeast Asia including Nexus Technologies in the Philippines, PT Secure Pasifik Teknologi in Indonesia, and Spectrum Edge in Malaysia.

Identity Theft 109

Identity Theft APACS Deepfake Money Laundering 109

Fintech News

FEBRUARY 19, 2025

LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. IDVerse, founded in Australia in 2018, specialises in document authentication and biometric identity verification. The terms of the deal were not disclosed.

Risk 83

Risk Deepfake Fraud Detection Fraud Prevention 83

Neopay

FEBRUARY 27, 2025

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. of all fraud attempts detected in the financial sector now involve AI-generated forgeries, with deepfakes leading the charge.

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

Fintech News

SEPTEMBER 9, 2024

Battling the growing threat of deepfakes with digital identity But really, how important is digital identity to a flourishing digital banking ecosystem?

Deepfake 128

Deepfake PCI DSS Verification Financial Inclusion 128

The Fintech Times

JUNE 2, 2024

Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report.

AI 126

AI Fraud Prevention Account Takeovers Deepfake 126

Fintech Finance

MARCH 4, 2025

Both financial institutions and regulators have put fraud prevention and detection in the forefront for 2025. Fraud was ranked as one of the top three priorities for 2025 among payment organisations surveyed in Vixios 2025 Payments Compliance Outlook.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. The rise of deepfake technology presents another significant threat to biometric authentication systems.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Finextra

AUGUST 9, 2024

Socure, the leading provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, has announced Selfie Reverification – a way to validate return consumers online with a simple selfie from any device in under 2 seconds.

Deepfake 52

Deepfake Fraud Prevention Verification Returns 52

Fintech News

JUNE 6, 2024

. “Many financial organisations are already adopting biometric and liveness detection technologies to strengthen their fraud prevention systems,” said Frederic Ho, Vice President of APAC at Jumio. The benefits of digital identity verification extend beyond just enhanced security.

Scams 109

Scams Phishing Deepfake Verification 109

The Payments Association

MAY 7, 2025

This article explores the top 5 fraud trends impacting high-risk merchants in 2025 and how innovative solutions like avoided.io can safeguard your business with real-time chargeback prevention and fraud management. How avoided.io Helps: Multi-card network support: avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence , the compliance, risk management and fraud prevention solution provider, has launched two new products designed to enhance financial security and drive operational efficiencies across the globe. It requires that all payment service providers within the bloc offer 24/7 instant payments starting January 2025.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59

Fintech Finance

FEBRUARY 20, 2025

ID-Pal , a leading provider of AI-powered identity verification solutions, today announced its membership with The Payments Association , an influential community of industry leaders and innovators committed to shaping the future of payments.

AI 52

AI Deepfake Verification Fraud Detection 52

The Payments Association

MARCH 10, 2025

Visa and Mastercard track MCCs for chargeback monitoring and fraud prevention. Example: A luxury watch retailer (MCC 5094Precious Stones & Jewelry) faces higher fraud risks than a grocery store (MCC 5411Supermarkets). If stuck with a high-risk MCC, use fraud prevention and chargeback reduction tools.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

Finovate

SEPTEMBER 18, 2024

Identity verification specialist ID-Pal announced a global strategic partnership with CLOWD9. The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio. ID-Pal made its Finovate debut at FinovateFall 2024 in New York.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents. Not to mention videos too.

Continuity 69

Continuity Deepfake Risk Smishing 69

Finovate

SEPTEMBER 24, 2024

As the first major investment for the company, the capital will help accelerate the development of Illuma’s voice verification offerings to help banks and other institutions fight fraud, voice cloning, deep fakes, and more.

Credit Union 59

Credit Union Deepfake Authentication Fraud Prevention 59

Finovate

AUGUST 14, 2024

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Digital identity verification innovator Socure has unveiled its Selfie Reverification solution.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

The Payments Association

APRIL 7, 2025

Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered. The survey also highlights the growing investment in technologies such as AI and machine learning for fraud prevention, as well as the importance of industry collaboration and regulatory updates.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Finovate

OCTOBER 3, 2024

Identity verification solution and infrastructure company IDVerse announced a partnership with Hastings Direct Loans. based lender will leverage IDVerse’s technology to enhance the accuracy and reliability of its identity verification process. IDVerse, as OCR Labs, won Best of Show at FinovateAsia in 2017.

Verification 59

Verification Deepfake Fraud Prevention User Authentication 59

The Fintech Times

AUGUST 13, 2024

Fraudsters are leveraging artificial intelligence (AI) tools like voice cloning and deepfakes to create highly convincing fake audio or video messages to deceive victims into transferring money or revealing sensitive information. This leaves many vulnerable to sophisticated AI-powered attacks like deepfakes and voice cloning.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Fintech News

OCTOBER 28, 2024

Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million.

Verification 122

Verification Deepfake AI Identity Theft 122

The Fintech Times

NOVEMBER 19, 2024

Identity fraud across the Asia Pacific region (APAC) continues to rise, driven by increasingly sophisticated fraud tactics and the more widespread use of Fraud-as-a-Service (FaaS), according to the latest report from full-cycle verification platform, Sumsub.

Deepfake 64

Deepfake APACS Account Takeovers Identity Theft 64

Fintech News

APRIL 9, 2025

Many will agree that the economics of fraud have shifted dramatically, making it more affordable than ever for fraudsters to execute large-scale operations with minimal investment. Sumsub , a global full-cycle verification platform, coins this trend as the democratisation of fraud in their 2024 APAC Identity Fraud report.

APACS 105

APACS Deepfake Identity Theft Account Takeovers 105

The Payments Association

FEBRUARY 18, 2025

AI-driven fraud is evolving fastbanks must adopt adaptive AI models to detect and prevent scams in real-time. In the first half of 2024, criminals stole571million in the UK through unauthorised and authorised frauda stark reminder that existing fraud prevention methods are failing to keep pace.

AI 88

AI Romance Scams Fraud Prevention Scams 88

The Payments Association

DECEMBER 10, 2024

With payment systems becoming more digital and interconnected, the risk of AI-driven fraud grows, urging payments firms to adopt cutting-edge solutions to protect themselves and their customers from these emerging threats. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

The Payments Association

MARCH 20, 2025

Jimmy Roussel, COO at ID verification provider IDScan. Criminals are becoming increasingly sophisticated, employing tactics such as generating fake IDs, using deepfake images and video, and mimicking human movements to deceive detection systems, says Roussel.

Financial Crimes 88

Financial Crimes Crime Deepfake Best Practices 88

The Fintech Times

OCTOBER 30, 2024

This year’s extravaganza brought together some of the most innovative minds in fintech, with a range of new product launches and partnerships aimed at advancing payments, financial services and identity verification. Here’s a roundup of the key announcements at Money20/20 USA 2024. ” said Dan Yerushalmi , CEO of AU10TIX. .”

Deepfake 59

Deepfake Verification BNPL Payment APIs and Integration 59