Strengthening financial services with multi-modal biometricsEp 33 with Bala Kumar, Chief Product Officer at JumioAgainst a backdrop of rising AI-fuelled phishing attacks in the Asia-Pacific, in this episode of Regulatory Ramblings, Bala Kumar chats with host Ajay Shamdasani how such developments will affect the landscape of online identity fraud, and how such threats will evolve and, if possible, be anticipated moving forward. They discuss how can businesses effectively counteract the threat of identity fraud and safeguard their customers while maintaining regulatory compliance, as well as the increased efforts by certain Southeast Asian governments to facilitate cross-border payments, and how to ensure such transactions are secure and adhere to cross-jurisdictional rules and regulations.Bala also stresses how organisations can successfully strike a balance between strong security and seamless customer experiences. He notes that beyond cybersecurity, there are other multiple other risks and concerns that global banking and financial institutions and multinational corporations should be cognisant of.The conversation concludes with Bala sharing some key strategies for ensuring compliance with digital payment systems.About Bala Kumar: He is responsible for Jumio’s product vision and strategy, and is leading the execution of Jumio’s digital identity platform. A former TransUnion executive, he brings more than two decades of product innovation and leadership experience to JumioRelated links can be found at: hkufintech.com/regulatoryramblingsHKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.