Regtech
Addressing the Silent Crisis of Failed Payments
In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle for small and medium-sized enterprises (SMEs) and financial institutions (FIs), particularly in a vibrant market like Singapore. This issue transcends
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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC
Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the
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Airwallex Taps Generative AI to Speed Up KYC, Reduces False Positives by 50%
Payments company Airwallex has introduced a generative AI tool to improve its customer onboarding process. The new tool, which utilises large language models (LLMs), aims to expedite the company’s “Know Your Customer” (KYC) assessments. According to Airwallex, the introduction of
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Breaching the New Frontier in Payments Security and Compliance Automation
The complexity of the fintech sector is increasing with sophisticated fraud schemes and personal data compromises, counterbalanced with breakthroughs where automation in payments security and compliance automation are catching up, and playing a pivotal role in how digital fraud will
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Deepfakes, Advanced Forgeries Emerge as Leading Identity Fraud Trends in Asia Pacific
As technologies such as AI continue to advance, so too does the sophistication of identity fraud which is in line with the evolving fraud trends in Asia Pacific. The past few years have shown a concerning trend, with the rate
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Redefining Scam Defense in Asia-Pacific with Feedzai
The Asia Pacific region is grappling with an alarming escalation in scams and financial fraud. These increasingly sophisticated and diverse deceptive practices undermine the financial stability of consumers and institutions and erode the trust and reputation upon which these entities
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Beyond KYC: Unmasking the Future of Fraud Prevention
Fraud prevention has become an increasingly crucial concern in Singapore’s ever-evolving financial technology and banking landscape. As the country continues establishing itself as a leading hub for financial innovation, the need for robust security measures has never been greater. In
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ISC2 SECURE Asia Pacific Returns with Powerful Lineup of Cyber Leaders
The ISC2 SECURE Asia Pacific 2023 conference is set to take place at the Marina Bay Sands Convention Centre in Singapore on 6 and 7 December 2023. This event, following its successful launch last year, offers a unique opportunity for
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Navigating the AI Minefield in Financial Fraud Battles
In an era marked by rapid and unrelenting technological advancements, the financial services industry finds itself at the forefront of a complex battle against financial fraud. The increasing availability of sophisticated AI tools has significantly transformed the cybersecurity landscape, arming
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Sumsub Boosts Crypto Fraud Detection with Merkle Science’s Wallet Tracking
Global full-cycle verification platform Sumsub is augmenting its Travel Rule solution by partnering with Merkle Science, a predictive Web 3.0 risk and intelligence platform. The Travel Rule, mandated by the Financial Action Task Force (FATF), is a crucial compliance requirement
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