FOMO Pay adds Sumsub as AI fraud and compliance pressure rises across APAC

FOMO Pay has partnered with Sumsub to plug identity checks, business verification, and transaction monitoring into its compliance stack as it expands across Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. For PSPs in high-risk and cross-border flows, the interesting part is simple: the fraud side is getting harder, and the regulatory surface is getting wider at the same time.

1. Under the deal, FOMO Pay will add Sumsub’s tools to its existing technology stack, using the platform as a supplementary layer rather than a full replacement. The setup covers onboarding checks, business verification, ownership verification, anti-money laundering screening, and post-onboarding transaction monitoring.
2. Sumsub’s Identity Fraud Report 2025-26 says complex AI-backed attacks involving multiple stages and significant resources grew 180% globally in 2025 compared with the year before. Regionally, the Middle East saw the steepest rise at 19.8%, while APAC followed at 16.4%.
3. Deepfakes are part of the problem set in Asia. According to the same report, incidents climbed 158% in Singapore and 147% in Hong Kong over the same period. That matters because compliance teams are now being asked to verify people and entities in environments where the old document-check playbook is no longer enough on its own.
4. Sumsub says its modular, API-first platform recognises over 14,000 types of identity document issued in more than 220 countries and territories. Its liveness detection is claimed to catch as many as 99.98% of deepfake attempts in one scan, which is the sort of number that gets attention when fraud teams are staring at synthetic identity workflows.
5. FOMO Pay said the partnership is meant to help it meet regulatory and operational demands as it enters new markets. The company operates in Southeast Asia, the Greater Bay Area, and the Middle East and North Africa, and plans to keep building its digital financial infrastructure across global payments, global business accounts, and digital assets while adding more AI and automation to its products and services.

Leona Gan, director of business development at FOMO Pay, said the company needs technology and compliance infrastructure that can evolve alongside its expanding footprint and changing regulatory requirements. Penny Chai, vice president, APAC at Sumsub, framed the deal around the convergence of payments and digital assets, with customers moving between services, platforms, and markets. For PSPs, the message is not subtle: if your stack cannot handle multi-jurisdiction onboarding and monitoring, the market will remind you.