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Digital lenders double down on small loans as credit quality improvesUnsecured personal loans below Rs 1 lakh now make up over two-thirds of loans from digital lending startups, up from 55% in FY23, Experian ...- IIFL Fintech closes Rs 500-crore second fundIIFL Fintech Fund, backed by the financial services conglomerate IIFL Group, has announced the final close of its second fund after raising...
- Financial fraudsters turning business accounts into mules for illicit fund transfersFraudsters are increasingly exploiting small business current accounts to move large volumes of illicit funds, creating fake documents and ...
- Boardrooms’ pre-IPO makeover; The mule account MOHappy Monday! IPO-bound Indian startups are revamping their boards pre-listing. This and more in today’s ETtech Morning Dispatch.
- Criminals shift tactics to new Indian hotspots, banks freeze 850,000 mule accountsMule accounts are spreading across India beyond traditional hotspots. Criminals are using new locations and methods like in-game purchases ...
- Jamtaras everywhere: Mule accounts mushroom in new pockets as investigators target hotspotsAs cybercriminals shift their mule account operations from known hotspots to quieter Indian towns, authorities are scrambling to keep pace....
- Voice AI startup Fundamento raises $1.9 million led by IIFL Fintech FundThe company plans to use the fresh funding to expand its footprint in the BFSI sector and enter international markets, such as the US and t...
- ID please? MeitY verifies identity verification startupsThe Ministry of Electronics and Information Technology (MeitY) is investigating firms, including Surepass, Digitap, Zoop, and Signzy, over ...
- Online payment aggregators focus on anti-fraud tech to up revenuesFacing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay ...
- IIFL Fintech Fund closes Rs 200 crore second fundThe fund, which received money from domestic family offices and HNIs, will focus on investments in fintech startups including those in the ...
- Banks increase employee background checks as mule accounts and frauds riseBanks are increasing regular background checks on employees and agents to fight fraud, driven by regulatory scrutiny and the need to preven...
- 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. ...
- Banking on tech: Lenders keep an eagle 'AI' on mule accountsPreviously banks would rely on complaints raised by customers to check fraudulent activities, but now they are trying to set up parameters ...
- Banks step up digital vigil; online festive sales boomHappy Thursday! Banks are implementing rigorous background checks for customers coming through digital channels. This and more in today’s E...
- Banks step up vigil on fraudulent account opening via digital banking channels“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule account...
- IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 crXtracap offers e-invoice financing that allows businesses to unlock value of their invoices in real-time, providing instant liquidity. Its ...
- Rural-focused fintech startup Navadhan raises $1.5 million in fundingNavadhan has raised $1.5 million in a seed funding round led by Varanium NexGen, a fintech-focused fund. Existing investor Anicut Capital c...
- IIFL fintech fund picks up 16% stake in Samadhan for $2 millionThis is IIFL fintech fund's 10th investment and first in the insuretech space, the company said, adding it has already invested 50 per cent...
- IIFL Fintech Fund invests $5 million in legaltech firm LeegalityLeegality enables businesses to digitally transform their document logistics and is used by over 1,500 businesses, including group entities...
- IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech startupsIIFL Fintech Fund has invested in four fintech startups—Leegality, FinBox, Trendlyne and DataSutram—in the first three months of its existe...
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