Mortgage lending has always been a lucrative yet high-risk segment for financial institutions. However, as digitisation increases and fraudulent actors become more sophisticated, mortgage loan fraud is emerging as a pressing concern for lenders. For lenders, early detection of mortgage loan fraud is essential to avoid non-performing assets (NPAs), legal issues, and reputational loss. To […]
6 Red Flags Loan Officers Should Monitor in Bank Statements
As lenders expand their operations and take on more borrowers, they are also prone to more risks. In February 2025, for instance, the Bank of India declared loan fraud to the tune of INR 226.84 crore by an Odisha-based power Infrastructure business. Such liabilities eat into the liquidity, stability, and profitability of lending operations. Bank […]
The Rise of Virtual Credit Card Fraud: What Lenders Need to Know
With 67% of the 2000+ Fintech startups incorporated in the last five years alone, the world of digital payments in India is changing fast. Amidst this boom, virtual credit cards have revolutionised digital transactions with their ease of use. However, this innovation has also paved the way for a concerning rise in virtual credit card […]
Mobile Banking Frauds: How Can Banks Help Prevent Them?
Mobile banking is revolutionising ways for people to access their accounts, thanks to its ease of use and flexibility. Consumers can deposit cheques, pay bills, transfer funds between accounts, and even send money to persons or businesses anywhere in the world using virtually any device with an internet connection. Unfortunately, this transformation in accessibility and […]