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A visionary summit for bold industry dialogue and actionable strategies, addressing the next generation of digital trust challenges

MIAMI, Oct. 16, 2025 /PRNewswire/ — As fraud threats accelerate globally, Sumsub, the global verification and anti-fraud leader, will host its inaugural What The Fraud Summit (WTF Summit) at Andaz Singapore on November 19-20, 2025. This visionary summit will unite more than 500 industry leaders and practitioners from fintech, crypto, tech, and compliance for two days of focused discussion and collaboration. Designed as a dedicated platform to address the toughest challenges in fraud prevention, AI security, regulatory shifts, and compliance, the WTF Summit aims to build the future of digital trust across Asia-Pacific (APAC) and beyond—uniting regulators and industry to develop coordinated strategies through bold conversations and hands-on workshops.

As AI becomes more accessible, fraudsters increasingly weaponize advanced AI tools to exploit gaps in the expanding digital landscape. According to Sumsub’s recent 2025 Global Fraud Index, APAC is at the epicenter of vulnerability—dropping to fourth place amid rising fraud exposure, trailing Europe, the Middle East, and the Americas. Notably, leading digital economies in the region, including Singapore, Malaysia, Indonesia, and Japan, have experienced significant declines in their rankings. This reveals an urgent challenge: the widening gap between rapid digital growth and effective fraud defenses is putting businesses and individuals at risk, undermining trust across APAC and beyond.

“Fraud is a global issue that demands collective defense. Our latest Global Fraud Index shows why collaboration is critical, especially as APAC’s leading markets face widening gaps between innovation and protection. To tackle the ‘fraudemic,’ our upcoming Identity Fraud Report will further deliver targeted strategies and fresh insights from worldwide fraud trends, helping organizations and individuals stay ahead in a rapidly evolving landscape,” said Andrew Sever, Co-founder and CEO of Sumsub. “By launching the WTF Summit in Singapore, we’re calling the industry together to turn urgency into unified action. Our goal is to create a space for regulators, industry leaders, and experts to craft practical solutions and build resilient strategies for a safer, more trusted digital future for everyone.”

High-impact Speaker Lineup

WTF Summit presents a dynamic lineup of renowned speakers drawn from the forefront of fraud prevention, fintech, crypto, regulatory, and compliance sectors.

Some of the highlighted speakers include: 

• T Raja Kumar, President, Financial Action Task Force (FATF) 2022-2024
• Lawrence Chan, Group CEO, NETS
• Dr. Lawrence Wee, Director, Business and Ecosystems, IMDA
• Guy Sheppard, Head of AI Strategy and Adoption, Standard Chartered Bank
• Vincent Mok, Group Chief Risk Officer, GXS Bank
• Chee Keong Teo, Associate Partner, Asia-Pacific, Assurance Blockchain, EY
• Claudia Hui, Head of Compliance, Singapore, Revolut
• Karthik Ramanathan, AP Head of Network Services, Mastercard
• Varun Srivastava, Head of Cyber Security Operations, APAC, UBS
• Caryn Leong, Regional AML Director, APAC, ACAMS

The lineup also features senior leaders from organizations including AWS, London Stock Exchange Group, Coinbase, TRM Labs, Trust Bank, Wirex, and many more.

WTF Summit Program Highlights

WTF Summit 2025 breaks the mold with a program built for professionals on the front lines—compliance officers, AML teams, fraud analysts, product leaders, cyber-risk specialists, regulators, policymakers, and C-level executives. On November 20, Sumsub also plans to announce new strategic launches for Singapore, further reinforcing its commitment to innovation and collaboration in the region.  

• Day 1—Workshop Day (November 19): The summit opens with three expert-led sessions—previously run by Sumsub for INTERPOL and other global authorities, where participants gain certifications and practice real-world skills through live demonstrations, case simulations, and interactive exercises.
• Day 2—Main Summit Day (November 20): Keynotes and panel discussions are anchored on 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.

Beyond the sessions, WTF Summit offers unmatched networking with the brightest minds who are shaping the future of fraud prevention and compliance. For VIP ticket holders, they will also have exclusive access to the Official What The Fraud Afterparty on November 20.

WTF Summit is proudly supported by leading partners including Data Zoo, ComplyAdvantage, Paybis, Fin, and ChainUp, and  VIP party sponsors Crystal Intelligence and Fireblocks. Official media partner Tech in Asia, along with supporting media partners such as Deeptech Times, CoinsPaid, Poddster, and others, will further amplify the reach and impact of the event.

Tickets to WTF Summit can be purchased at the official website: https://sumsub.com/wtf-summit/.

Follow the official LinkedIn page of WTF Summit for the latest updates.

About Sumsub

Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring – quickly adjusting to evolving risks, regulations, and market demands.

Recognized as a Leader by Gartner, Liminal, and KuppingerCole, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.

Over 4,000 clients—including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo—trust Sumsub to streamline verification, prevent fraud, and drive growth. The platform’s methodology follows leading global AML standards and regulations, and Sumsub has extensively engaged with leading research and public institutions like the UN, Statista, and INTERPOL.

SOURCE Sumsub

By Scott Murdoch

SYDNEY (Reuters) -The head of Australia’s Macquarie Asset Management (MAM), which sold its Aligned Data Centers business in a deal worth $40 billion, said on Thursday the sale was not a sign the global data centre boom had peaked.

Aligned emerged as one of the world’s largest data centre operators during the seven years it was owned by MAM, the funds management arm of investment bank Macquarie Group.

MAM head Ben Way said the decision to sell to investors including BlackRock, Microsoft and Nvidia, was not a warning sign for the sector or AI.

“We don’t own businesses in perpetuity, we have owned this for seven years and it’s at a great spot to exit and there’s clearly massive demand to exit,” Way told Reuters in a telephone interview.

As global companies ramp up investment in data centres and increase advanced chip purchases, driving up valuations of tech firms from OpenAI to Nvidia, fears are also growing that the spending spree could create a bubble.

Major tech companies including Alphabet, Amazon.com, Meta, Microsoft and CoreWeave are expected to spend $400 billion on AI infrastructure this year, according to Morgan Stanley.

Aligned operates 5 GW of current and planned data centre capacity and MAM said the $40 billion price tag was Aligned’s enterprise value. The firm did not provide a breakdown of the equity and debt components.

MAM announced on October 7 it would invest up to $5 billion in a partnership with Applied Digital to help fund the company’s first two high-performance computing data centre developments.

“It’s not that we don’t think it’s a good thematic, not that we don’t believe in the thematic, it’s not that we don’t think we can continue to make money,” Way said, referring to the Aligned sale.

“There’s a long way to go here and that’s because the world has a long way to digitalise and we’re only just at the beginning,” Way said. “We’re at the precipice of AI endeavour, certainly not at the end.”

MAM funds held about 50% of Aligned and its co-investors had a further 20%. The deal was the largest ever private equity exit for the Australian fund manager.

MAM also has investments in Bohao Internet Data Service, Hanam Data Centre, Netrality Data Centers and VIRTUS, which holds assets in the U.S., UK, China and South Korea, the company said.

Macquarie Group shares rose 5.13% on Thursday to A$229, the highest since July. The bank’s gain well outpaced the 0.9% increase in S&P/ASX200.

(Reporting by Scott Murdoch; Editing by Kate Mayberry)

Tata Consultancy Services has refreshed the digital commerce platform for Infineon setting the stage for new revenue channels and to elevate customer engagement

MUNICH | MUMBAI, October 16, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has worked with Infineon Technologies AG (Infineon), a leading provider of semiconductor power systems and IoT, to modernize the company’s website as a primary digital interface for customers.  The collaboration aimed at creating a more personalized and engaging user experience, leveraging cutting-edge technologies such as artificial intelligence and cloud computing.

With its new website, Infineon delivers high-quality digital experience with a strong focus on customer needs and digital innovation. The platform enhances product search and discovery and provides consistent, intuitive experience across devices and channels. By integrating towards hyper-personalized user journeys and AI-powered search, it is designed to broaden revenue opportunities and elevate customer engagement.

Harsha Deshmukh, Executive Vice President & CIO, Infineon Technologies AG, said, “It’s a major milestone in our digital journey as we unveil our newly transformed digital experience, designed with our users at the heart of every decision. This transformation isn’t just about a new look and feel—it’s about delivering a seamless, responsive, and accessible experience that supports our vision. With enhanced functionality, robust security, and intuitive navigation, our new web platform reflects our commitment to innovation and excellence. I look forward to the new opportunities this transformation will unlock for everyone we serve.”

As part of the modernization, TCS and Infineon integrated more than 40 connected applications and microservices into Infineon’s website ecosystem, enabling simplified, omnichannel experiences across regions and platforms. The reimagined digital experience platform now supports multi-regional, multilingual capabilities, intuitive navigation, and AI-driven product recommendations.

V. Rajanna, President, Technology, Software and Services, TCS, said, “We worked with Infineon to reimagine its end-to-end digital presence, with a focus on elevating customer engagement and accelerating sales. The program establishes a scalable foundation for personalized experiences and measurable improvements in user journeys.”

Kamal Bhadada, President, TCS Interactive, said, “The website runs on a modern digital experience platform, with an intuitive interface, robust multiregional and multilingual capabilities, and a responsive, device-agnostic experience. Delivered with Infineon and our ecosystem partners, this release creates a solid base for continued improvements.”

TCS Interactive blends systems, strategy, and storytelling to engineer creativity that helps brands adapt and lead in ever-changing markets. As TCS’ digital services unit and a MarTech partner of choice for over 500 global brands, TCS Interactive makes AI and marketing technology work for marketers, merging the transformative force of tech and imagination to shape customer experiences and deliver superior outcomes. The collaboration with Infineon further consolidates TCS’ prowess in co-creating next-gen products from chip-to-software that form the technology backbone of our partners. From advanced engineering platforms to AI-powered decision-making, TCS’ transformative approach powers intelligent operations, seamless experiences, and faster time-to-market.

This partnership builds on TCS’ long-standing commitment to serving as a trusted IT partner for German partners since 1991. TCS currently partners with over 100 leading German corporations, including 23 of the DAX-40 corporations and numerous mid-sized enterprises. TCS Europe’s highly skilled workforce of 15,000 employees operating from 62 offices across Europe has been driving growth and transformation for some of the region’s leading multinationals across industries such as banking and financial services, manufacturing, telecom, retail, travel, logistics, and more. The company has been recognized for its excellence in customer satisfaction and as a top employer in the region. It has consistently been rated among the top three IT companies in Germany for customer satisfaction. TCS has been ranked #1 in Customer Satisfaction for 12 consecutive years by Whitelane Research and has been named a Top Employer for 13 consecutive years by the Top Employer Institute.

Thousands of people are taking legal action against pharmaceutical company Johnson & Johnson, claiming it knowingly sold asbestos-contaminated talcum powder in the UK.

As many as 3,000 people have alleged that either they or a family member developed forms of ovarian cancer or mesothelioma from using Johnson’s Baby Powder, and are seeking damages at the high court in London.

Lawyers for the group said in court documents filed on Thursday that Johnson & Johnson, along with current and former subsidiaries Johnson & Johnson Management and Kenvue UK, should all be held liable.

They said J&J “concealed” the risk to the public for decades, having replaced talc with corn starch in its baby powder in the UK since 2023.

A spokesperson for Kenvue, which was formerly J&J’s consumer health division and now has responsibility for talc-related claims outside the US and Canada, said the talc used in baby powder complied with regulations, did not contain asbestos, and does not cause cancer.

Talc is a naturally occurring mineral that is mined from the ground.

Michael Rawlinson KC, for the group of people bringing the claim, said in court documents that “there exist very few, if any, commercially exploited talc deposits in the world which do not contain asbestos and that all of the mines supplying the defendants contained asbestos”.

He also said that reports from such mines, as well as its own research alongside existing scientific literature, would have informed J&J about asbestos contamination.

Despite this, the company “suppressed information that might indicate that baby powder was contaminated with asbestos”, the barrister added.

He also said J&J “lobbied regulators” to enable the continued sale of its product and sponsored studies in an effort to “downplay the dangers” to human health.

J&J therefore “acted in bad faith, to protect the reputation and profit-making potential of baby powder and the goodwill attached to their name”, Rawlinson said.

J&J denies the allegations, including any claims it knowingly sold baby powder contaminated with asbestos.

Janet Fuschillo, who is one of the people bringing the case, said she used J&J’s baby powder since the 1960s, and that she was diagnosed with ovarian cancer seven years ago.

The 75-year-old said: “I used talc on myself and all four of my children … I used talc when I changed nappies, after baths, all the time, for close to 50 years.

“It’s a source of great concern and anger that I used talc on my children.”

Patricia Angell said her husband, Edward, died in 2006 aged 64, a few weeks after being diagnosed with mesothelioma.

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She described him as a “perfectly fit, healthy man” who worked as an electrician and who knew about asbestos.

She said: “When he fell ill the doctors asked him if he ever came into contact with asbestos and he told them he never had.

“He would come home from work and shower every day and use J&J’s talc … Talc was mentioned on Edward’s autopsy report, along with asbestos strains found in contaminated talc.”

She added that her husband had been “robbed” of 19 years of life and her children robbed of a father.

Mesothelioma, a form of cancer, is almost always caused by asbestos exposure, according to the NHS, and it commonly forms in the lungs after people inhale the microscopic fibres.

Rawlinson said the method of application of the baby powder – squeezing or shaking the bottle – meant that “clouds” of powder hung in the air “for a very long time after use” and were inhaled by the person using it.

A Kenvue spokesperson said: “We sympathise deeply with people living with cancer. We understand that they and their families want answers – that’s why the facts are so important.

“The safety of Johnson’s Baby Powder is backed by years of testing by independent and leading laboratories, universities and health authorities in the UK and around the world.

“The high-quality cosmetic grade talc that was used in Johnson’s Baby Powder was compliant with any required regulatory standards, did not contain asbestos, and does not cause cancer.”