Singapore-headquartered payment institution FOMO Pay has partnered with compliance technology company Sumsub to add identity and business verification, transaction monitoring and fraud-prevention capabilities to its compliance infrastructure.
The companies said the integration will support FOMO Pay as it expands across Southeast Asia, the Greater Bay Area and the Middle East and North Africa, where regulatory and operational requirements differ across markets.
FOMO Pay is using Sumsub’s modular, API-based platform within its existing technology stack. The deployment includes identity verification, business and ownership verification, anti-money laundering screening and transaction monitoring.
Sumsub said its platform supports more than 14,000 identity document types across over 220 countries and territories. It also said its liveness technology can identify up to 99.98 percent of deepfake attempts in a single scan. These performance claims were provided by Sumsub and were not independently verified by TNGlobal.
The partnership comes as financial institutions face a growing range of identity and transaction-fraud risks. Citing its own 2025-26 research, Sumsub said multi-step attacks using artificial intelligence rose 180 percent globally in 2025, while AI-enabled deepfake incidents increased 158 percent in Singapore and 147 percent in Hong Kong year on year.
“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,” said Leona Gan, director of business development at FOMO Pay.
FOMO Pay said it will continue developing infrastructure across global payments, business accounts and digital assets while exploring wider use of AI and automation across its products and services.
Penny Chai, vice president for Asia Pacific at Sumsub, said the partnership reflects the need for compliance infrastructure that can adapt as payments and digital-asset services become more interconnected across markets.
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