Regtech
Silent Eight to Power AIA’s Financial Crime Compliance
Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight, which specialises in AI-driven compliance solutions. This collaboration will involve the deployment of Silent Eight’s AI platform, Iris, to enhance AIA’s financial crime compliance screening processes across
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Entrust Finalises Acquisition of Onfido
Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This announcement comes just two months after the negotiations came to light where TechCrunch reported that the deal could be worth
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Unmasking the Threat of Deepfake Scams in Asia’s Financial Sector
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio
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Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions
Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solution through the Global Travel Rule (GTR) Alliance. This collaboration aims to facilitate secure cryptocurrency transactions by connecting Binance’s extensive user
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Sumsub Combats Fraud Networks in APAC With Upgraded Solution
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
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Accredify Becomes Okta Ventures’ First Investment in Singapore
Singapore-based Accredify, known for its verifiable technology solutions, has received a strategic investment from Okta Ventures. The sum was not disclosed. This investment is part of an extension to Accredify’s Series A financing, marking Okta Ventures’ first foray into a
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Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security
Sumsub, a global verification provider, has integrated with Chainalysis, a blockchain data platform. This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. By incorporating Chainalysis’ key management model, the integration facilitates
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Flagright and SALT to Bolster Compliance and Fraud Prevention for SMEs
Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia. SALT plans to integrate Flagright’s AML
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Igor Beckerman Joins Jumio as Chief Financial Officer
Jumio, a provider of identity verification and fraud prevention solutions, has announced the appointment of Igor Beckerman as its new Chief Financial Officer (CFO). Beckerman has a robust background spanning three decades in finance leadership. His experience includes roles as
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Franklin Templeton Joins Transparently.AI’s US$3 Million Fundraise
Transparently.AI, a Singapore-based AI firm specialising in detecting accounting fraud, announced that global asset management firm Franklin Templeton had joined its US$3 million pre-Series A funding round. This financial backing is part of Transparently.AI’s inclusion in Franklin Templeton’s Fintech Incubator
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