Fraud is escalating worldwide—and APAC is at the epicenter. According to Sumsub’s 2024 Identity Fraud Report, identity fraud in the region surged 121% last year, with Singapore recording a dramatic 207% increase.
Deepfakes are influencing elections, Card-Not-Present (CNP) scams remain rampant, and even dating platforms face sophisticated impersonations.
Nearly half of global businesses and users were victims of identity fraud in 2024, with average losses of US$300,000 per incident.
To meet this urgent challenge, Sumsub, a global verification leader, is holding the inaugural What The Fraud (WTF) Summit 2025, a two-day global gathering of fraud fighters and compliance leaders.
The summit will be held from 19 to 20 November 2025 at Andaz Singapore.
A Critical Platform for a Critical Moment to Fight Against Fraud
“Fraud risks are growing faster than ever. We recognized the need for a dedicated platform where regulators, industry leaders, and fraud experts can exchange actionable insights to beat the global fraudemic.
By launching the WTF Summit 2025 in APAC, we aim to collaborate with top minds and craft holistic strategies for a safer digital future.”
said Andrew Sever, Co-founder and CEO of Sumsub.
The summit will tackle the most urgent regional and global threats head-on—from sweeping new compliance mandates and fast-moving financial crime schemes to the rapidly evolving landscape of digital identity—delivering actionable strategies built by practitioners, for practitioners.
Discussions will explore how to balance user conversion with compliance when fraudsters mimic real customers, establish accountability when AI-driven fraud succeeds, and develop strategies to counter money-mule networks, address underbanked vulnerabilities, and meet global compliance crackdowns.
What to Expect at WTF Summit 2025
Unlike conventional conferences, WTF Summit is built for professionals on the front lines: compliance officers, AML teams, fraud analysts, product leaders, cyber-risk specialists, regulators, policymakers, and C-level leaders.
Sessions focus on real cases, live demonstrations, and hands-on exercises that deliver immediately applicable skills.
The summit opens with Workshop Day, featuring three expert-led sessions that offer certifications and hands-on training designed to arm participants with immediately applicable skills.
Participants will run simulations, investigate cases, and stress-test solutions under real-world conditions, drawing on workshops previously delivered for international law-enforcement and regulatory bodies, including INTERPOL.
On the main summit day, 20 November, keynotes and panels are organised around four core pillars:
● AI & Fraud — Understanding AI-driven scams and defense strategies.
● Digital Identity — Securing identities while maintaining accessibility and compliance.
● Compliance — Navigating new regulatory landscapes, risk intelligence, and financial crime prevention.
● Fintech — Addressing cross-border transactions, innovation in financial technology, and emerging regulations in crypto.
High-Impact Speaker Lineup
WTF Summit will feature leaders who have built systems, exposed attacks, and advised regulators, including:
- Antonio Alvarez Lorenzo, Chief Compliance Officer, Crypto.com
- Lawrence Chan, Group CEO, NETS
- Hassan Ahmed, Country Director (Singapore), Coinbase
- Claudia Hui, Head of Compliance (Singapore), Revolut
- Anu Phanse, Chief Compliance Officer, Coinbase
- Guy Sheppard, Head of AI Strategy & Adoption, Standard Chartered Bank
- Karthik Ramanathan, AP Head of Network Services, Mastercard
- Winston Teo, Director of Singpass, GovTech Singapore
And many more from Mastercard, EY, AWS, LSEG Risk Intelligence, TRM Labs, and beyond.
Don’t miss your chance to join the industry’s front-line leaders.
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Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
