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AADHAAR FRAUD PREVENTION
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
Trust at scale: What it takes to build a resilient digital asset ecosystem in IndiaAs India leads global digital asset adoption, building a robust trust infrastructure is critical. The article emphasizes a systems approach...
Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
Stop loan fraud in your name: Credit freeze can protect your money and score
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...
Supreme Court seeks responses of Centre, states and UTs on PIL for implementation of Right to EducationThe Supreme Court has issued notices to the Centre, all states, and Union Territories. This follows a Public Interest Litigation seeking th...
Banks, telecom companies to chuck OTPs, adopt silent authenticationBanks and telecom companies are developing a silent authentication mechanism to combat SIM cloning and eSIM swaps. This background check ve...
Govt deactivates 2.5 crore Aadhaar IDs of deceased to avoid fraudIndia's government has deactivated over 2.5 crore Aadhaar numbers of deceased citizens. This move safeguards the world's largest biometric ...
Aadhaar IDs of 2 crore deceased citizens disabledThe national agency in charge of issuing the 12-digit Aadhaar number to all residents, has also run a pilot program to share demographic de...
Aadhaar is new weak link in insuranceFraudsters are exploiting Aadhaar-linked processes in the insurance sector by manipulating data and forging documents to file bogus claims ...
Aadhaar frauds: RBI ready with masterplan to curb Aadhaar-enabled payment system (AePS) scamsAePS has emerged as one of the most popular payment systems, especially in rural areas in the last few years. At present, 35 commercial ban...
RBI to further strengthen security features of AePS to curb fraudsThe Reserve Bank of India announces plans to bolster security measures for the Aadhaar-enabled payment system (AePS) to combat fraud risks....
SBI, Bengaluru Police Commissioner, Kolkata police warn about this Aadhaar fraud; 2 ways to lock Aadhaar biometricsAadhaar biometrics: The fraud does not require SMS or OTP authentication, which is much more concerning. According to the reports, the Indi...
Scammers targeting Aadhaar payment system to drain bank accounts: Here is how to lock Aadhaar onlineBeware! Scammers are exploiting vulnerabilities in the Aadhaar-enabled Payment System (AePS) to empty bank accounts without SMS or OTP auth...
This new Aadhaar-related banking fraud is on the rise; why you need to lock your Aadhaar biometrics nowAccording to the forum, banks are directly responsible for this fiasco, which has led to thousands of innocent depositors lose their hard e...
Aadhaar card fraud: Follow this tip to prevent misuse
Aadhaar-linked payments get new security featureCalled the “liveliness” of fingerprints, the feature is intended to prevent the use of fake fingerprints to fraudulently withdraw money thr...
Aadhaar to prevent bank frauds, terror attacks, Attorney General KK Venugopal tells Supreme Court“Aadhaar will prevent bank frauds,” the AG told the five-judge bench, which is hearing petitions challenging the constitutional validity of...
Credit bureaus should have a provision for Aadhar in systems: KC Chakrabarty, RBICredit information bureaus should use Aadhaar number to enable smoother working of the credit market and root out cases of identity frauds,...