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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