Fintech News

JUNE 17, 2025

Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps.

Compliance

The Fintech Times

JANUARY 28, 2025

Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds.

Service Provider

Fintech News

JUNE 12, 2025

Businesses want faster verification processes and to improve user experience, a major bottleneck in onboarding users.” As highlighted, effective monitoring involves analysing a user’s full risk profile, from onboarding behaviour to transaction activity, logins, transfers, and counterparty interactions.

Compliance

The Payments Association

JUNE 11, 2025

To keep up, organisations need to move away from simple, KYC-focused verification and towards a proactive, multi-layered approach." This sustained volume of fraud is eroding confidence among UK businesses, with 57% of businesses reporting increased fraud losses, as trust in existing customer verification methods falls from 83% to 68%.

Risk

Finextra

JUNE 18, 2025

In parallel, Payabli is working with Nvidia to develop advanced risk and fraud detection models trained on proprietary customer data to deliver tailored risk assessments specific to each customer’s business and industry. Sponsored [On-Demand Webinar] The final countdown: What’s next for Verification Of Payee?

Payment APIs and Integration

Nanonets

APRIL 24, 2025

And yet, despite the 2-step workflow, the sheer volume of documents forced these highly trained professionals to act as expensive document sorters rather than applying their expertise to risk assessment.  Each data point is linked to its source page and document for verification.

Underwriting

The Fintech Times

APRIL 24, 2025

ValidiFI , a bank account and payment intelligence firm, has expanded its vAccount+ suite to include new capabilities for authoritative bank account verification. It says this move will equip organisations with a multi-layered approach to account verification, increasing coverage and accuracy.

FinTech

M2P Fintech

MARCH 24, 2025

Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance.

Payment APIs and Integration

Cardfellow

APRIL 27, 2025

Now, employees logging in from your store, office, or restaurant (in addition to anyone logging in remotely) must use secondary verification, such as a code sent to their phone or email, to verify the login. Regular Risk Reviews In the past, you only needed to perform risk reviews as part of an annual review.

PCI DSS

The Fintech Times

JULY 26, 2025

Protecting users To access the feature, users must complete identity verification and a risk assessment questionnaire. The rollout marks the next phase in RedotPay’s product roadmap following its $40million Series A funding round earlier this year. Each account is tied to a single currency, either EUR or GBP.

Stablecoins

Neopay

JULY 30, 2025

HM Treasury will collaborate with the Department for Science, Innovation, and Technology (DSIT) to produce joint guidance on using digital identities for MLRs identity verification checks. Firms must still consider wider geographic, product and customer risk factors when carrying out customer and transaction risk assessments.

Money Laundering

Fintech Finance

MAY 18, 2025

London fintech Yaspa , an award-winning provider of real-time payment, and account verification and intelligence solutions, has announced its membership of The Payments Association. Yaspa uses open banking technology to provide instant bank payments that are faster and more cost-effective than cards.

Innovation

Finovate

JUNE 3, 2025

Feedzai has launched Feedzai IQ , a fraud intelligence solution that uses anonymized, distributed data to deliver real-time risk assessments without compromising customer privacy. Key features include TrustScore and TrustSignals , which provide network-wide fraud risk scores and indicators to improve accuracy and payment acceptance.

Fraud Prevention

Finextra

JULY 8, 2025

Instead, firms can designate other suitably trained senior staff, provided that the MLRO retains oversight of the process and ensures compliance with the FCA’s standards and the firm’s internal risk framework. A Smarter Approach to Risk Assessment The FCA reiterates that not all PEPs pose the same level of risk.

Money Laundering

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment

PYMNTS

NOVEMBER 13, 2017

As its name suggests, Emailage , an Arizona-based identity verification startup, uses customers’ email addresses to deliver risk scores to financial institutions (FIs) and online merchants. However, email addresses as verification tools are no longer Emailage’s only specialty.

Risk Assessment

Fintech News

NOVEMBER 6, 2024

The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely. These tools are also intended to reduce the risk of fraud and scams.

Compliance

The Paypers

FEBRUARY 9, 2023

UK-based Shufti Pro has augmented customer verification with the launch of risk assessment and eIDV services, helping tackle identity fraud and meet KYC/AML regulations.

Risk Assessment

Fintech News

MAY 22, 2024

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.

Financial Crimes

The Payments Association

MARCH 25, 2025

AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. Key features of AI-enhanced AML compliance: Automated identity verification: AI streamlines identity verification with facial recognition, document checks, and liveness detection, reducing onboarding time while ensuring compliance.

Regulatory Compliance

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. With Secure ID, Cashfree Payments has consolidated all its verification offerings into a single suite, boosting operational efficiency.

Checks

PYMNTS

NOVEMBER 27, 2020

This process requires consumers to provide not only their usernames and passwords to access services but also an additional form of verification, such as a biometric identifier or a code that can be emailed to them or sent via text message.”. Additionally, phone verification is a vital component of two-factor authentication.

Multifactor Authentication

VISTA InfoSec

MARCH 6, 2024

Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Maintains the risk assessment step.

PCI DSS

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. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.

APACS

Finovate

MARCH 29, 2024

AU10TIX expands its Digital ID identity verification solution Israel-based identity verification and management specialist AU10TIX announced the expansion of its Digital ID solution this week. Serving as a verification hub for businesses, AU10TIX’s Digital ID solution enables faster and more accurate identity verification.

Verification

Fintech Finance

DECEMBER 6, 2024

The combined solutions protect the entire digital payments environment through identity verification and fraud risk assessment while preventing chargebacks through order validation and alerting services. Latin America has one of the highest fraud rates globally, with studies showing that merchants are losing upward of 4.6%

Visa

Trade Credit & Liquidity Management

MARCH 19, 2025

From a Press Release Dated March 6, 2025, Schaumburg, Illinois (Photo by Çağlar Oskay on Unsplash ) Bectran, a SaaS platform for credit departments, has launched a faster bank verification method with built-in risk scoring.

Verification

The Payments Association

DECEMBER 11, 2024

Machine learning enhances this approach by processing vast datasets to identify subtle patterns and predict fraudulent activities, making real-time anomaly detection and risk assessment possible. The most successful approaches will prioritise creating frictionless user experiences without compromising security.

Fraud Prevention

Fintech News

MAY 14, 2024

Deepfakes have since evolved into a formidable challenge for conventional identity verification methods. In February 2024, criminals used a combination of stolen identity cards and AI-generated faces to deceive identity verification systems.

Deepfake

VISTA InfoSec

SEPTEMBER 5, 2024

This method requires users to provide a second form of verification, making it far more difficult for cyber criminals to gain unauthorized access. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

VISTA InfoSec

OCTOBER 21, 2024

This method requires users to provide a second form of verification, making it far more difficult for cyber criminals to gain unauthorized access. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

The Paypers

OCTOBER 9, 2023

Automated, end-to-end identity verification, risk assessment, and compliance solutions provider Jumio has expanded its partnership with pure-play data services provider NextWealth.

Risk Assessment

Fintech Finance

MAY 18, 2025

London fintech Yaspa , an award-winning provider of real-time payment, and account verification and intelligence solutions, has announced its membership of The Payments Association. Yaspa uses open banking technology to provide instant bank payments that are faster and more cost-effective than cards.

Innovation

PYMNTS

JUNE 22, 2017

Currently, the TrueLayer developer platform supports tasks such as account verification, KYC processes and accessing transactional data for account aggregation, credit scoring and risk assessment. It is available in the U.K., but there are plans to expand into other EU countries later in 2018.

API

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential.

Risk Management

VISTA InfoSec

MARCH 5, 2024

refines media inventory control, emphasizing electronic storage tracking and verification of inventory management procedures. Emphasizes the existence of documented procedures alongside practical verification. 2) Logs show they're followed Focus on formal processes and documented evidence. PCI DSS v4.0 Requirement v3.2.1 (9.8)

PCI DSS

PYMNTS

MAY 2, 2019

Risk assessments of suppliers’ products should take into account all relevant factors, including applicable legal environment and other aspects of a supplier’s ecosystem,” the draft of the agreement said. The conclusions drawn from the meeting would be mostly informal, as some countries are still debating the technology at home.

Security