What The Fraud Summit 2025: A Global Initiative Against Digital Fraud Risks

Uniting Against the Rising Threat of Fraud

In a world increasingly vulnerable to digital threats, the necessity for unified action has never been more pressing. Addressing this need, Sumsub has announced the first-ever What The Fraud Summit (WTF Summit), a pioneering event aimed at combating the so-called 'fraudemic.' This summit is set to take place from November 19 to 20, 2025, at the Andaz Singapore. With an anticipated gathering of over 500 experts, this event seeks to confront the rampant rise of identity fraud and enhance strategies for digital trust.

The Context of the Summit

The timing of the WTF Summit is critical—an alarming report published by Sumsub revealed a staggering 121% year-on-year rise in identity fraud within the Asia-Pacific (APAC) region in 2024. Alarmingly, nearly half of the companies worldwide experienced some form of identity fraud last year, resulting in significant financial losses that average around $300,000 per incident. This unprecedented surge in fraudulent activities has sparked discussions on the urgent need for a collaborative platform—hence, the inception of the WTF Summit.

Andrew Sever, Co-founder and CEO of Sumsub, articulated this need succinctly: 'With the rapidly growing fraud risks across the globe, we recognized a critical need for a dedicated platform for industry leaders, regulators, and fraud experts to have bold conversations and exchange actionable insights to beat the global fraudemic.' Such sentiments underline the summit's goal of fostering collaboration to craft effective strategies for a safer digital ecosystem.

A Stellar Lineup of Speakers

The event promises to feature an impressive array of speakers from various sectors, including fintech, crypto, and compliance. These industry leaders will delve into the intersections of fraud prevention, AI-driven security, and regulatory changes. Some notable speakers scheduled to present at the summit include:

- Frans Wiwanto, Managing Director, APAC, Flywire
- David Song, Head of Digital Business Unit, Green Link Digital Bank
- Joseph Gan, CEO, V-Key
- Anson Zeall, Founder, Azentiq Nexus
- Desmond Yong, Founder, Meta Alpha, and Legal Compliance Director
- Eelee Lua, Co-founder & COO, Defy
- Steve Craig, Founder & CEO, PEAK IDV
- Annette Lu, Head of Compliance, APAC, Hex Trust

Interactivity is vital, and to enhance attendee participation, the summit will feature sessions for speaker nominations—encouraging voices across industries to weigh in on crucial discussions.

Detailed Agenda Focused on Modern Challenges

The agenda at the WTF Summit is designed to address contemporary challenges in a thorough manner. Attendees can expect a mix of keynote speeches, panel discussions, and interactive workshops. The main summit, occurring on November 20, will focus on four key topics to equip participants with actionable insights:
1. AI & Fraud: Understanding the evolving landscape of AI-driven fraud schemes and the proactive measures businesses can implement.
2. Digital Identity: Best practices for securing digital identities while ensuring accessibility and compliance across the board.
3. Compliance: Navigating the shifting regulatory terrain that affects fraud prevention and detection.
4. Crypto: Addressing challenges brought about by cross-border regulations and the increasing adoption of digital assets.

Featuring expert-led workshops the day before the main summit, the event will provide in-depth training on modern scams, smart onboarding processes, and AML investigations.

Special Registration Opportunities

As the inaugural event, early-bird tickets for the WTF Summit are now available at a discount for the first 100 registrations, encouraging prompt action from interested attendees. Interested participants can find more information and book their spots via the official website at https://sumsub.com/wtf-summit/. Stay updated on the latest developments by following the official WTF Summit LinkedIn page.

About Sumsub

Sumsub is at the forefront of verification technology, providing comprehensive security solutions that cover all aspects of identity verification. With over 4,000 clients in diverse industries such as fintech, crypto, and e-commerce, Sumsub offers tools designed to comply with regulations, reduce costs, and boost customer onboarding processes. The launch of the WTF Summit represents not just an event, but a commitment to creating a safer digital landscape for all stakeholders involved.