In this FDATA Member Spotlight, we’re excited to feature Sumsub, a global leader in digital identity verification and fraud prevention, and one of FDATA’s newest members.
Hosted by Laine Williams, this conversation brings together Kat Cloud, Head of Government Relations at Sumsub, and Steve Boms, Executive Director of FDATA, for a deep dive into the evolving fraud and identity landscape—and what it means for fintechs, financial institutions, and policymakers heading into 2026.
The discussion explores insights from Sumsub’s latest fraud report, including why overall fraud rates may be declining while sophisticated, multi-layered fraud schemes are rising sharply, driven in part by AI-enabled tools and deepfakes. Kat and Steve also examine how regulators and financial institutions can better engage with regtech providers to stay ahead of emerging threats.
Key topics include:
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Trends from Sumsub’s 2025 fraud report
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The rise of sophisticated and AI-enabled fraud
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Why identity verification is becoming foundational infrastructure
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Account takeover and deepfake fraud risks
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The concept of reusable identity and its potential to streamline onboarding
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Balancing innovation, consumer protection, and regulatory expectations
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Why collaboration across fintech, banks, and policymakers matters
As fraud tactics evolve, this conversation highlights why digital identity, continuous verification, and cross-industry collaboration are critical to building a more secure and trusted open finance ecosystem.
▶️ Learn more about Sumsub: https://sumsub.com
▶️ Learn more about FDATA: https://fdata.global/
