Fintech Finance

JUNE 3, 2025

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with Trust Payments , one of Europe’s fastest-growing payment technology providers. The company meets rigorous EU and U.K.

Verification 91

Verification Payment APIs and Integration Regulatory Compliance Payments 91

Fintech News

FEBRUARY 5, 2025

Sumsub , a full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product. This solution offers real-time, government-backed validation of identity documents, including passports, driving licences, and visas.

Verification 76

Verification Checks Security Due Diligence 76

The Fintech Times

JUNE 27, 2025

QwikPay , the Australian paytech, is improving its real-time user onboarding while maintaining compliance with financial regulations in Australia, following a new partnership with iDenfy , the identity verification and fraud prevention technology provider. We needed a compliance partner that could scale with us while maintaining user trust.

Risk Management 59

Risk Management Compliance Risk AML 59

Fintech News

APRIL 25, 2025

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 all verifications analyzed worldwide by Sumsub, marking a staggering 136.4% Financial services have become a prime target.

Deepfake 101

Deepfake APACS Account Takeovers Verification 101

Finovate

JANUARY 22, 2025

Customer verification specialist Sikoia announced a strategic partnership with Tandem Bank. The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. Founded in 2021, Sikoia made its Finovate debut last year at FinovateEurope 2024.

Verification 52

Verification Audit Automation Fraud Prevention 52

Finovate

APRIL 18, 2025

ValidiFI has expanded its vAccount+ suite to include authoritative bank account verification, enabling real-time validation of account status and ownership using direct-source financial data. This is in contrast to traditional verification methods that rely on information supplied by the user, manual document uploads, or even micro-deposits.

Verification 59

Verification Accounts NACHA ACH 59

Basis Theory

NOVEMBER 12, 2024

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Fintech News

DECEMBER 10, 2024

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. Its advanced accuracy delivers improved and more comprehensive identity verification for clients. Financial terms were not disclosed.

Risk 122

Risk AI Acquirers Deepfake 122

Nanonets

NOVEMBER 14, 2024

ABBYY is a technology company making document processing software since 1989. Their product lineup includes FineReader PDF for OCR and PDF management, FlexiCapture for enterprise document capture, ABBYY Vantage for intelligent document processing, Timeline for process intelligence, and Mobile Capture for mobile document scanning.

Process 52

Process Automation Volume Verification 52

Fintech Finance

JULY 2, 2025

Banqup Group , the company behind the trusted digital platform Banqup, has announced a partnership with iPiD , a global leader in payee verification technology. For Banqup users, the integration of iPiD’s verification layer is seamless—enabling every payment to benefit from the additional protection without disrupting user experience.

Payee 52

Payee Payment Security Security Verification 52

The Finance Weekly

JANUARY 5, 2025

It even adds a security layer with image-based identity verification, which is perfect for sensitive banking environments. Ideal for financial institutions, this tool offers finance AI chatbots capable of handling everything from account management to personalized financial advice. Multilingual support (80+ languages).

AI 130

AI Finance Automation Non-Bank 130

Nanonets

APRIL 24, 2025

They needed a way to process these documents accurately without hiring more staff. The real cost of manual supplier order management The supplier documents arrived as complex PDFs — some up to 16 pages long, in multiple languages, and with different technical notations.

Automation 52

Automation Process Rules Correspondent 52

Fi911

JUNE 20, 2025

Mortgages see less synthetic identity fraud due to stricter verification requirements and the difficulty of monetizing real estate quickly. However, privacy regulations and data silos complicate comprehensive verification. Document verification technology helps, but it isn’t foolproof.

Identity Theft 52

Identity Theft Verification Database Authentication 52

The Payments Association

JUNE 3, 2025

KYC and customer authentication innovation For most mainstream banks and fintechs, KYC (know your customer) and customer authentication are key steps in verification processes that allow customers to access products and services.

Financial Inclusion 88

Financial Inclusion Financial Literacy Treasury Government 88

Fintech News

JULY 2, 2025

Built around documentation verification and static data checks, these processes are essential for regulatory compliance. Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks.

Fraud Prevention 114

Fraud Prevention Technology Checks Money Laundering 114

The Payments Association

DECEMBER 9, 2024

The strides that Artificial Intelligence (AI) has made across various industries have been well documented. These capabilities make LLMs ideal for real-time fraud detection, transaction monitoring, and identity verification, helping payment providers stay one step ahead of fraudsters and ensuring a more secure financial ecosystem.

Privacy 88

Privacy Payment Security AI Security 88

Clearly Payments

JULY 23, 2025

Poor documentation is one of the most common triggers for payment disputes. To stay in good standing: Respond to disputes promptly Use pre-transaction fraud tools (3DS2, address verification, etc.) Best practices: Use a clear, recognizable business name and billing descriptor. Be transparent about what’s included in the purchase.

Compliance 65

Compliance PCI DSS Processors Disputes 65

The Fintech Times

JULY 16, 2025

Signicat , the pan-European digital identity platform, is set to acquire Inverid , a Dutch NFC-based digital identity verification solution provider, for an undisclosed sum. By leveraging ReadID, a flagship NFC-based identity document verification solution created by Inverid, Signicat bolster its existing offering. “By

Verification 45

Verification Acquirers End User Government 45

Stax

APRIL 3, 2025

For eCommerce payment systems, these measures include two-factor authentication, fraud filters, real-time transaction monitoring, card verification value, device fingerprinting, and address verification system. You can also add other security preferences like address verification (AVS) or card verification (CVV) checks.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Finance

JUNE 8, 2025

Smartphones have become one of the most trusted tools for identity verification today, used instinctively and seamlessly to confirm purchases, access medical records, even unlock homes with just a fingerprint or a glance. Yet when it comes to accessing financial services, phones are rarely included.

Online and Mobile Banking 86

Online and Mobile Banking Authentication Credential Verification 86

Fintech News

JUNE 9, 2025

This Case Management feature is integrated across Sumsub’s identity verification, anti-fraud, and anti-money laundering solutions, and is available for immediate deployment without requiring complicated setup procedures. The launch comes at a time when financial crime teams are facing more sophisticated threats.

Financial Crimes 96

Financial Crimes Crime AI Deepfake 96

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats. More than just firewalls and antivirus software, modern cybertech is proactive and adaptive.

Finance 59

Finance Security Fraud Detection Encryption 59

Fintech Finance

JULY 16, 2025

It offers documentation support, success rate analysis, defence building, as well as post-case analysis. To ensure accuracy and reliability, the process includes merchant review and manual verification by Antom. also offers AI-assisted onboarding that leverages multimodal LLM capabilities to extract merchant registration documents.

AI 59

AI Disputes Payments Automation 59

Fintech News

JANUARY 20, 2025

This involves submitting identification documents, such as your NRIC or passport, for verification. Deposit Your Dollars After verification, deposit your funds using bank transfers via PayNow, FAST, or debit/credit cards. Bank transfers tend to have lower fees compared to card payments.

Cryptocurrency 116

Cryptocurrency Credit Cards Verification Blockchain 116

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Stax

JUNE 23, 2025

By integrating your payment portals with banks, you will keep transaction fees lower and ensure money is quickly deposited into accounts after verification. Improved security and compliance ACH APIs often come with built-in tools for bank account verification, access control, and secure API access.

ACH 88

ACH API Payment APIs and Integration ACH Network 88

Fintech News

JULY 14, 2025

The penalties followed MAS reviews linked to a sprawling SGD $3 billion money laundering case involving fake documents, multiple passports, and a complex web of shell companies. ” A Known Weakness That Hasn’t Improved One of the most striking failures MAS flagged was around Source of Wealth (SOW) verification.

Compliance 89

Compliance Financial Crimes Money Laundering AML 89

Fi911

JUNE 9, 2025

These attacks often coincide with travel schedules or major transactions when verification becomes difficult. Local FBI offices and Secret Service units specialize in financial crimes, but they need quick notification and comprehensive documentation. Voice cloning and video manipulation will make verification harder.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

The Payments Association

JUNE 3, 2025

Traditionally, identity verification and credential storage were separate from payment processes. Now, these elements are increasingly being tokenised themselves, from identity documents to biometric consent trails.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

Cardfellow

JUNE 25, 2025

Use Address Verification Service (AVS) Consider using the Address Verification Service anti-fraud tool. What documents can a business provide to fight a chargeback now that they may not have a signed receipt?

Disputes 98

Disputes Credit Cards Card Association Acquirers 98

Nanonets

MAY 23, 2025

It can generate invoices from conversations and documents, alert you about payment issues, and recommend steps to improve your financial operations. For instance, organizations processing hundreds of non-standard invoices daily may need more specialized document processing tools.  You can see the same in the GIF above.

Automation 52

Automation AI Duplicate Process 52

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. When thinking in the context of customer verification, vIBANs are often treated as extensions to master accounts as opposed to independent relationships. This leads to inadequate due diligence.

IBAN 88

IBAN AML Master Account Due Diligence 88

Finextra

JUNE 26, 2025

It also demands stronger verification steps before approving transactions. It encourages banks and financial institutions like yours to open up their systems through APIs. That means your customers can connect their accounts to third-party services easily and securely. This adds a layer of protection to every payment.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

Stax

JANUARY 21, 2025

Fraud prevention features – Look for additional fraud prevention features like fraud detection, address verification, chargeback protection, and IP geolocation to enhance protection from fraud. Are there any self-service support options , such as FAQs, tutorials, and documentation?

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Finextra

JULY 3, 2025

Think of it as a prepaid account with a flexible front end. It expresses the views and opinions of the author.

eWallet 52

eWallet Payment APIs and Integration PCI DSS Online and Mobile Banking 52

Fintech News

JUNE 11, 2025

The group has been active since mid-2023, running coordinated campaigns that exploit weaknesses in remote identity verification systems. Based on the research, it’s a full-fledged operation engineered to fake identity verification at scale. Their techniques aren’t just smart. They’re built to outpace current defences.

Crime 71

Crime Deepfake AI APACS 71