To unify onboarding and ongoing reviews the payment firm adds identity, liveness, business-ownership, sanctions screening and transaction monitoring
Can stitching together identity, screening and monitoring controls help a payment platform to handle divergent regional rules and fraud patterns? Here is a case study that straddles both cyber risks and payment compliance efficiency…
On 5 October 2026, FOMO Pay announced it has added new identity, business-verification, screening, and transaction-monitoring capabilities to its existing technology environment.
The expansion reflects a broader challenge for cross-border payment providers: customer onboarding and transaction review processes must accommodate varied identity documents, corporate ownership structures, anti-money-laundering obligations, and fraud patterns. AI-enabled impersonation and deepfake attacks add pressure to these controls, particularly where verification decisions need to be made at scale.
The payment platform, Singapore-headquartered and operating across South-east Asia, the Greater Bay Area, and the Middle East and North Africa, has incorporated the following capabilities into its compliance workflows:
- API-based identity verification for individual customers across multiple document types and jurisdictions.
- Liveness checks designed to identify presentation attacks and suspected synthetic or manipulated identities.
- Business and beneficial-ownership verification for corporate onboarding.
- Anti-money-laundering screening to identify potential sanctions, politically exposed persons, and other compliance risks.
- Transaction and account-activity monitoring to flag behavior requiring further review.
The platform’s Director of Business Development, Leona Gan, said the firm is continuing to develop its processes and technology as its geographic footprint and regulatory obligations change. The new capabilities, she said, add to its verification and compliance workflows and support operations across markets.
The implementation also illustrates a shift from isolated compliance tools towards connected infrastructure spanning onboarding and ongoing monitoring. For payment firms, the practical objective is not simply automation: it is to create auditable controls that can be adjusted for local requirements while escalating higher-risk cases for investigation.
Penny Chai, Vice President (APAC), Sumsub, the firm providing a technology provider of the identity verification, business verification, anti-money-laundering screening, and transaction-monitoring capabilities of the platform, said that as payment services, digital assets, and cross-border platforms become more interconnected, “trust and compliance must keep pace” with changing regulation and fraud risks.
