WTF Summit 2025: APAC’s Ultimate Anti-Fraud Showdown

It’s not just you: fraud really is everywhere. It has become faster, smarter, and disturbingly accessible. The global “fraudemic” has reached critical mass, and it’s more obvious than ever in APAC. Sumsub’s Identity Fraud Report showed that in 2024, identity fraud in the region exploded by 121%. Deepfakes are influencing elections. Banking fraud and Card Not Present (CNP) remain a consistent pattern of events. Even ordinary dating apps are not safe from flawless deepfakes and heartbreak scams.

Nearly half of companies and end users worldwide reported being victims of identity fraud at least once last year, and businesses suffer losses of approximately $300,000 per fraud event. We think it’s time to turn the tide.

So, how do you fight a threat this slippery and multilayered?

You stop playing defense—and start evolving.

Enter What The Fraud Summit 2025: the first visionary summit to beat the global fraudemic and Sumsub’s pioneer, no-nonsense gathering for the sharpest fraud-fighters in the world. This November 19–20, Singapore becomes the global headquarters for real conversations and real solutions to the digital identity deception crisis, fraud and financial crime, strengthening AML systems, and more.

Why Singapore? Why now?

APAC is ground zero for the next generation of digital trust challenges, and Singapore is right in the middle of it. From payment superapps to borderless crypto innovations, the APAC region is growing fast, and so are the threats. Sophisticated scam rings are mimicking legit platforms down to the last font, and even scam factories are not something unheard of. In the region, the highest identity fraud growth in 2024 was seen in Singapore, with a 207% surge. 

Andrew Sever, Co-founder and CEO of Sumsub said:

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. By launching the WTF Summit in APAC, we aim to fill the gap in discussions surrounding the multifaceted nature of fraud prevention in the region. Our goal is to collaborate with top minds to craft holistic strategies to create a safer digital future for everyone.

The summit won’t tackle only the problems in this region, but will discuss what all this means globally. New compliance laws are shifting how we onboard users and trace money flow. And yet, no summit has tackled these changes from the practitioner-first perspective until now.

Built for practitioners, not panels-for-the-sake-of-panels

This isn’t another industry event where buzzwords fly and nothing sticks. WTF Summit is engineered from the ground up for those in the trenches: compliance officers, AML teams, fraud analysts, product leads, and cyber risk pros. The agenda is shaped by what you’re actually facing, from AI-powered identity fraud and crypto regulation chaos to multi-layer scam networks.

We’re talking real cases, live demos, and hands-on sessions where participants won’t just take notes—they’ll walk away certified and battle-ready.

November 19 is reserved for expert-led workshops with certifications, lasting anywhere from 1 to 3 hours. You can buy a pass for one, two, or all three available workshops: “Inside the Fraud Kitchen: Cooking Up Modern Scams,” “Building a Secure Onboarding Process,” and “AML Investigations and Case Management.”

There, you’ll run simulations, investigate cases, and test solutions under real-world pressure. You will gain holistic strategies, not just insights into isolated aspects of the problem.

Expect sessions on AI vs. AI, balancing user conversion and compliance when fraudsters look exactly like your real customers, getting hands-on experience on efficient AML investigation processes, the anatomy of today’s multi-step fraud funnels, and more.

The agenda for the main summit day on November 20 is anchored in four core pillars:

• AI & fraud: An exploration of how new AI-based fraud methods are developing and the measures businesses must implement to keep ahead.  
• Digital identity: Insights into effective practices from different sectors for securing digital identities while maintaining accessibility and adhering to regulations.  
• Compliance: An overview of the changing regulatory environment, along with fraud and compliance dynamics, risk intelligence, and fraud detection.  
• Crypto: A discussion on overcoming cross-border obstacles, tokenization, and changes in regulations within the digital asset industry.

The speakers? No fluff, just firepower

You won’t find hype machines here. Instead, WTF Summit hosts a handpicked lineup of leaders who’ve actually built systems, broken down attacks, or helped regulators catch up to the chaos. The early bird roundup of experts includes:

• Frans Wiwanto, APAC MD, Flywire
• Joseph Gan, CEO of V-Key
• Annette Lu, Head of Compliance, Hex Trust
• Anson Zeall, Founder, Azentiq Nexus
• David Song, Head of Digital Business Unit, Green Link Digital Bank
• Desmond Yong, Founder, Meta Alpha, and Legal & Compliance Director
• Eelee Lua, Co-founder & COO, Defy
• Steve Craig, Founder & CEO, PEAK IDV
• Plus, a steady rotation of crypto founders, fraud veterans, compliance chiefs, and product brains from the region’s most fast-moving institutions.

Every session, speaker, and side conversation is about one thing: making fraud prevention smarter, faster, and more collaborative.

AI, crypto, compliance, chaos—what’s on the agenda?

This summit isn’t about surface-level awareness. It’s a crash course in the how of prevention, detection, and defense. From keynote sessions on artificial intelligence, fraud, and scams to talks about the Travel Rule and tokenization trends in crypto, these are ripped from real cases, real headlines, and real challenges fraud fighters face daily.

We kick off with a look at where fraud is actually headed—beyond just impersonation and into organized, industrial-grade exploitation. You’ll hear from experts close to the action, including speakers from GovTech, the Cybersecurity Agency of Singapore, and companies shaping the future of digital identity and risk intelligence.

AI will be everywhere—not as a gimmick, but as the focus of keynotes, firesides, and debates that unpack how it’s used in fraud attacks, investigations, and defense. Are AI agents assistants or threats? Who’s accountable when a fraud attack happens and succeeds? These are the kinds of uncomfortable but necessary questions the agenda doesn’t shy away from.

The agenda spans APAC’s (and the world’s) most urgent concerns—like new compliance crackdowns, money mule networks, and underbanked vulnerabilities—with sessions led by experts from Stripe, Flywire, Green Link Digital Bank, and more.

Whether you’re there for insights or solutions, one thing is clear: this is a summit made for those who actually do the work.

This is your summit. And it’s going to be unforgettable.

500 experts. Two high-impact days. Zero nonsense.

Fraud won’t wait for you to catch up. But this summit might just be the place you finally leap ahead.

So—what the fraud are you waiting for?