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AI MISUSE IN FINTECH
Peak XV rejigs Surge; Digital lenders power through slowdownHappy Monday! Peak XV Partners is rebooting Surge after executive exits and a broader strategy reset. This and more in today’s ETtech Morni...- FM Nirmala Sitharaman meets heads of banks on AI risks following concerns over Anthropic's MythosFinance Minister Nirmala Sitharaman met with bank leaders to address Artificial Intelligence risks. Concerns arose from Anthropic's Mythos ...
- FM Sitharaman, IT minister Vaishnaw meet bankers over looming Claude Mythos; push for faster intel sharingIndia is building a strong system for banks and agencies to share threat information instantly. This aims to quickly identify new dangers f...
- A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourselfIndians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is da...
- AI-Powered Ionic Wealth crosses $1 billion AUM in 22 months of operationsIonic Wealth, an AI-driven wealth-tech platform, has achieved $1 billion in assets under management within 22 months. This success stems fr...
- After investing in OpenAI and xAI, Sequoia set to back another rival, AnthropicAnthropic's funding round is being led by Singapore's sovereign wealth fund GIC and US investor Coatue. Each fund will contribute $1.5 bill...
- PayPal's UPI push; OpenAI's circling concernsPayPal bets on UPI in India comeback. This and more in today's ETtech Top 5.
- Sitharaman asks fintechs to strengthen risk management to check AI misuseSpeaking at the 6th edition of Global Fintech Fest 2025 here, the finance minister also said India has the potential of becoming the global...
- Tech must not be weaponised, says FM Nirmala SitharamanIndia's Finance Minister Nirmala Sitharaman stresses technology must benefit everyone, not be used for harm. She calls for fintechs to expa...
- Experts welcome RBI’s digital payment authentication overhaulWhile maintaining the mandatory two-factor authentication requirement, the framework moves away from a mere one-time password (OTP) approac...
- Data security startup Aurva raises $2.2 million in round led by Nexus Venture PartnersDeVC, which is backed by Z47, and angel investors including former Meta executives Chris Bream, Rahul Sood, and Karandeep Anand, Postman fo...
- Fastag adoption in slow lane; UIDAI CEO interviewHappy Monday! Fastag saw limited growth last fiscal, with momentum tapering off. This and more in today’s ETtech Morning Dispatch.
- Study flags critical AI vulnerabilities in fintech, healthcare appsThe research, conducted by cybersecurity startup Astra Security, shows how LLMs can be manipulated to leak sensitive data or make dangerous...
- AI to replace CEOs? Tech bosses test the waters with digital twinsWith AI becoming more integrated across industries, some tech CEOs are now using digital avatars for earnings calls. Klarna’s Sebastian Sie...
- Fintech funding shows recovery; Cracks in India’s ecomm roll-upsFintech deals are beginning to bounce back after a two-year slowdown. This and more in today’s ETtech Morning Dispatch.
- Banks eye fintech turf; Sluggish year for edtech investmentsHappy Wednesday! Banks are intensifying competition with fintechs in merchant payments and beyond. This and more in today’s ETtech Morning ...
- Curbing cyber fraud: RB(A)I wants more banks to join hunt for mule accountsThe Reserve Bank Innovation Hub is collaborating with banks to use its Mulehunter.AI tool to detect financial fraud through mule accounts. ...
- Tata Digital’s new team; Pine Labs’ India reduxTata Digital chief executive Naveen Tahilyani has restructured the leadership team for the Neu super app. This scoop and more in today’s ET...
- Omidyar Network to exit India; Angel funds may soon get to invest more in startupsImpact investment fund Omidyar Network India is exiting the country and will transition out of the local market by 2024. This and more in t...
- Emerging data science opportunities in the age of AIThe demand for data science and analytics professionals is on the rise. The emergence of generative AI has led to questions about the impac...
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