Sumsub's Inaugural WTF Summit 2025 Tackles Surge in Identity Fraud
Sumsub is hosting the inaugural What The Fraud (WTF) Summit 2025 in Singapore from 19 to 20 November. This event aims to tackle the rising issue of identity fraud, which surged by 121% in the APAC region and 207% in Singapore last year.
The summit will bring together regulators, industry leaders, and fraud experts to discuss strategies against fraud. Topics include AI-driven scams, digital identity, compliance, and fintech regulations. Speakers are set to include leaders from Crypto.com, NETS, Coinbase, Revolut, Standard Chartered Bank, and Mastercard, among others. Andrew Sever, whose involvement has been confirmed, will join these industry heavyweights.
The summit comes at a time when nearly half of global businesses and users were victims of identity fraud in 2024, with average losses of US$300,000 per incident. Fintech News readers can enjoy an exclusive 15% discount on the event.
The WTF Summit 2025 seeks to address the alarming rise in identity fraud by fostering collaboration and knowledge-sharing among key stakeholders. With prominent speakers and relevant topics, the event promises to provide valuable insights into combating fraud in the digital age.
