Fintech News

FEBRUARY 5, 2025

Sumsub , a full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product. For Australian businesses that require secure and compliant document verification, Sumsubs DVS Verification facilitates user onboarding with real-time identity validation.

Verification 65

Verification Checks Security Identity Theft 65

Fintech News

JUNE 10, 2024

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD , a beneficiary name and bank account verification service. Featured image credit: Edited from Freepik The post Eastnets and iPiD Join Forces to Improve Global Payment Accuracy, Fraud Prevention appeared first on Fintech Singapore.

Fraud Prevention 113

Fraud Prevention Global Payments Payee Verification 113

The Fintech Times

MARCH 25, 2025

Recognising evolving challenges related to fraud, Intergiro , a white-label fintech platform, and Movitz , the payment fintech, have joined forces to combat financial fraud by building advanced payment verification solutions which financial institutions can leverage to enhance the security of their customers as they make payments online.

Verification 59

Verification Cross-Border Fraud Prevention Payments 59

Fintech News

MARCH 24, 2025

According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. Sumsubs 2024 industry survey reveals a strong preference for automated third-party solutions (40%) and combined methods (45%) for the industrys identity verification needs.

APACS 86

APACS Verification Fraud Detection Money Laundering 86

Seon

MARCH 20, 2024

However, this expansion brings a corresponding need to evolve fraud prevention strategies to keep pace with advancing threats. Fraud’s Path to Escalation The digital age has ushered in a seismic shift in fraud, marked by increased costs and volume of fraudulent activities.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Segpay

SEPTEMBER 30, 2024

Age verification helps to create a safer internet environment. We also look at the age verification tools that are used in the region. These companies are expected to continuously respond to evolving threats by implementing technically advanced age verification tools.

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Verification Legal Framework Laws Regulations 111

Fintech News

MARCH 11, 2025

The newly formalised group operates under Visa’s Payment Ecosystem Risk and Control (PERC) division and prevented more than US$350 million in attempted scams in 2024. This effort is part of Visas broader fraud prevention strategy, which blocked US$40 billion in fraudulent transactions across its network last year.

Scams 95

Scams Blocks Law Enforcement Laws 95

Finovate

MARCH 24, 2025

The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Fraud prevention and identity verification Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.

FinTech 85

FinTech Fraud Prevention Encryption Risk Assessment 85

The Paypers

FEBRUARY 17, 2025

Socure , a provider of digital identity verification and fraud prevention technologies, has announced the general availability of its new RiskOS platform.

Fraud Prevention 61

Fraud Prevention Verification Technology 61

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.

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Verification Audit Automation AI 52

The Fintech Times

SEPTEMBER 30, 2024

Trulioo, an identity verification platform, has announced an expanded partnership with global fintech platform Airwallex , which processes over $100billion annually. In 2024, Airwallex achieved significant improvements in automatic document verification that led to a reduction in median processing times.

Fraud Prevention 59

Fraud Prevention Verification Blocks Compliance 59

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Finovate

APRIL 9, 2025

. “Security Bank is transforming digital banking in the Philippines, and we’re proud to support their vision with advanced identity verification that makes onboarding both more secure and convenient,” said Entrust Regional VP of Sales, APAC, Harvinder Singh. Entrust came out of the gates strongly in 2025.

Security 87

Security Verification Deepfake Fraud Detection 87

Paystand

AUGUST 8, 2024

Table of Contents What is a Payment Verification? What is the Reason for Payment Verification? Payment Verification Methods The Rise of Instant Payment Verification Blockchain-Enabled B2B Payments

Verification 64

Verification Fraud Prevention Digital Payments Instant Payments 64

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 98

Payee Verification IBAN Cross-Border 98

Clearly Payments

NOVEMBER 13, 2024

Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information. Verification and Approval : The issuing bank reviews the transaction, confirms the cardholder’s account details, and assesses if there are sufficient funds or available credit.

Process 104

Process Processors Payments Compliance 104

The Fintech Times

MARCH 12, 2025

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.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Why Sumsub?

Verification 116

Verification Travel Rule Multi-Currency Compliance 116

Fi911

DECEMBER 31, 2024

Implement Secure Payment Solutions : Adopt fraud prevention tools like CVV verification, address verification service (AVS), and 3D Secure to mitigate the risk of unauthorized transactions.

Disputes 98

Disputes Processors Visa Verification 98

Fintech Finance

OCTOBER 28, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Verify ensures real-time verification of account details, reducing failure rates and preventing delays.

Verification 98

Verification Global Payments Accounts Cross-Border 98

The Payments Association

JANUARY 3, 2025

Balancing fraud prevention with maintaining a good service to customers is a constant struggle. We are investing in new technologies to prevent fraud taking place on our network, he said. The challenge is not just detecting fraud but anticipating its evolution.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

Fi911

DECEMBER 3, 2024

One vital tool that should be in every merchant’s arsenal is the velocity check, also known as velocity control, a precise and dynamic fraud prevention measure. Velocity checks serve as an integral part of a comprehensive fraud prevention strategy.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Fintech Finance

JUNE 5, 2024

Sumsub , a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.

Fraud Prevention 52

Fraud Prevention Verification Visa Mitigation 52

Fintech Finance

FEBRUARY 5, 2025

It also enables centavo deposit verification, ensuring player accounts are active and valid for transactions. These tools streamline onboarding and prevent incorrect or fraudulent payments. The company also holds ISO 27001 and 27701 certifications, ensuring robust data protection and fraud prevention measures.

Regulations 72

Regulations Central Bank Account Validation Fraud Prevention 72

The Payments Association

JANUARY 21, 2025

Businesses increasingly leveraged BNPL services to improve cash flow flexibility, while AI played a crucial role in enhancing fraud prevention and transactional security. It also points to generative AI as a future driver for fraud prevention and authentication, enhancing security measures in 2025.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

SEPTEMBER 2, 2024

Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. Sumsub’s LDP infrastructure is designed to assist regulated companies in securely managing and processing personal data, offering a suite of verification, anti-fraud, and compliance tools.

APACS 116

APACS Privacy Regulations Fraud Prevention 116

Fintech Finance

SEPTEMBER 26, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership expansion with Airwallex , a leading global payments and financial platform for modern businesses. and the Dutch Central Bank.

Fraud Prevention 98

Fraud Prevention Verification Payment APIs and Integration Compliance 98

Fintech Finance

APRIL 29, 2025

By integrating iPiD Validate, Alfardan Exchange is pioneering a new era of secure, transparent, and fraud-resistant cross-border transfers—setting a new standard for Qatar’s exchange industry. We’re proud to support their journey with the most comprehensive verification network globally.”

Payee 78

Payee Verification Payment APIs and Integration Cross-Border 78

Clearly Payments

FEBRUARY 10, 2025

Fraud Risks Cross-border transactions have twice the fraud risk compared to domestic payments, leading to stricter verification measures. To manage these challenges, businesses can work with global payment processors that offer localized payment methods, multi-currency accounts, and advanced fraud prevention tools.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

The Payments Association

APRIL 25, 2024

The recently conducted UK Fraud Awareness Report has revealed that the British public has much to learn about fraud, from the definitions of certain terms to the benefits of using different forms of identity verification technology during onboarding. Read more

Fraud Prevention 88

Fraud Prevention Verification Technology Financial Crimes 88

Finextra

MARCH 20, 2024

Sumsub, a leading global full-cycle verification platform, commits to tackling the alarming surge of fraud networks in Asia-Pacific (APAC) by launching its upgraded Fraud Prevention Solution.

Fraud Prevention 52

Fraud Prevention Account Takeovers Bots APACS 52

Payments Source

JUNE 16, 2020

In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.

Verification 112

Verification Fraud Detection Fraud Prevention Payments 112

Finextra

MARCH 5, 2025

Papaya Global, the workforce payroll and payments platform, and Sumsub, a full-cycle verification and compliance solutions provider, today announce their new partnership.

Verification 52

Verification Fraud Prevention Payroll Compliance 52

The Payments Association

APRIL 8, 2025

Balancing fraud prevention with maintaining a good service to customers is a constant struggle. We are investing in new technologies to prevent fraud taking place on our network, he said. The challenge is not just detecting fraud but anticipating its evolution.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

Fintech News

JUNE 19, 2024

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. By partnering with Finastra we make this need a reality, helping financial institutions strengthen their verification and anti-fraud processes.”

Compliance 106

Compliance Due Diligence Fraud Prevention Money Laundering 106