Sumsub's Inaugural WTF Summit 2025 Tackles Asia's Soaring Identity Fraud
Sumsub is set to host the inaugural What The Fraud (WTF) Summit 2025 in Singapore from 19 to 20 November. The event aims to tackle the rising issue of identity fraud, which surged by 121% in the Asia Pacific region last year, with Singapore seeing a staggering 207% increase. The summit will bring together regulators, industry leaders, and fraud experts to share insights and strategies to combat this growing threat.
The two-day summit will delve into crucial topics such as AI-driven scams, digital identity, compliance, and fintech regulations. It will feature prominent speakers from leading companies in the industry, including Crypto.com, Coinbase, Revolut, Standard Chartered Bank, and Mastercard. Hassan, the Country Director of Singapore at Coinbase, is among the confirmed speakers. The event seeks to address the alarming global statistics, where nearly half of businesses and users fell victim to identity fraud in 2024, with average losses of US$300,000 per incident.
Fintech News readers can enjoy an exclusive 15% discount on the summit's registration fee, making it an unmissable opportunity to stay informed and engaged in the fight against fraud.
The WTF Summit 2025 promises to be a comprehensive platform for understanding and combating the complex issue of identity fraud in the digital age. With its timely focus and high-profile speakers, it is set to provide valuable insights and strategies for businesses and individuals alike.
