FOMO Pay, a Singapore-licensed payment institution, has partnered with Sumsub, an AI-powered compliance infrastructure provider, to strengthen its verification and monitoring capabilities across Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. The partnership adds identity verification, business verification, transaction monitoring, and AML screening to FOMO Pay’s existing compliance infrastructure as the fintech firm scales operations across markets with divergent regulatory requirements.
- Deepfake incidents in Singapore: Rose 158% year-on-year in 2025
- Middle East fraud growth: 19.8% year-on-year in 2025, fastest regional rate globally
- AI-powered fraud attacks: Increased 180% globally year-on-year in 2025
- Sumsub’s deepfake detection rate: Up to 99.98% per scan
- Identity document coverage: Over 14,000 types from 220+ countries and territories
The integration addresses escalating fraud threats globally. Sumsub‘s 2025-26 Identity Fraud Report found that multi-step, AI-powered attacks surged 180 percent year-on-year, with the Middle East recording the fastest regional growth at 19.8 percent, followed by Asia-Pacific at 16.4 percent. Deepfake incidents pose particular risks in APAC; Singapore saw a 158 percent year-on-year increase in deepfake attempts, while Hong Kong experienced a 147 percent jump. Sumsub‘s proprietary liveness detection technology identifies up to 99.98 percent of deepfake attempts in a single scan.
As financial services become increasingly interconnected across markets, businesses need technology and compliance infrastructure that can evolve alongside their operations. At FOMO Pay, we continuously develop our processes and technology to support our expanding footprint and changing regulatory requirements. Our partnership with Sumsub adds further capabilities to our verification and compliance workflows, complementing the broader infrastructure we have in place as we scale across markets.
– Leona Gan, Director of Business Development, FOMO Pay
Payments and digital assets are converging, and customers increasingly move between services, platforms, and markets. For highly regulated sectors like financial services, trust and compliance must keep pace with these developments. Our partnership with FOMO Pay reflects the growing need for scalable compliance operations, enabled by trust infrastructure that can adapt to evolving regulations and emerging fraud risks as financial services become more interconnected.
– Penny Chai, Vice President, APAC, Sumsub
FOMO Pay deploys Sumsub‘s modular, API-first platform across customer onboarding and transaction monitoring workflows. The firm plans to expand its digital financial infrastructure across global payments, business accounts, and digital assets while exploring how AI and automation can enhance its product suite. Founded in 2015, FOMO Pay holds licenses in Singapore, Hong Kong, and the Middle East, and operates three core products: FOMO Payment, FOMO iBiz, and FOMO Treasury.
Leona Gan, Director of Business Development at FOMO Pay. Source: LinkedIn
Penny Chai, Vice President at Sumsub APAC. Source: LinkedIn
