Appropriate authentication of loan documents is crucial not only to the business but also for building trust in the lending relationship. However, overwhelmed by the heap of documents, one often ends up missing out on an important piece of paper. The consequence? Varies from wasted time and effort to a dire loss. The Problem Manual, […]
Beware of the Fraudsters: How to Detect Document and Identity Fraud
In a world of biometrics, smart cards and digital security, is identity theft a setback? Lost passport, Online Shopping Fraud, Debit Card Theft, sound familiar, doesn’t it? With the onset of the digital paradigm, is technology holding us back or taking us forward? This is a question that has left all of us bewildered, for […]
Automate and Scale Your Lending Process with A Bank Statement Analyser
After the pandemic hit the world, loan defaults have been on a steeper rise than before. Direct consumers and SMEs are still struggling to repay loan dues, and the crisis is going away anytime soon. Consequently, a major challenge that all banks and financial institutions face today is tackling the hidden non-performing assets. While retail […]
Tips to Identify Fake Document for Fraud Prevention
The use of fake document remains a key source of financial fraud across India. In the fiscal year 2023, the Reserve Bank of India (RBI) reported bank frauds exceeding ₹21,367 crore, highlighting the significant impact of fraudulent activities on the financial sector. The increasing reliance on digital platforms for customer onboarding has made it easier […]
How Cloud Technology Can Future-proof Digital Payments
The days when digital payments were used only for online shopping are gone. In the last few years, there has been a steady increase in digital payments even in brick and mortar shops and pavement shops. Digital payment is becoming a new norm even for common money transfers between two parties. With the restrictions in […]
Fraud Detection and Prevention in the Fintech Space
The Fintech industry is leading the digital transformation among all the industries. Gone are the days when customers visited physical branches of banks or NBFCs for every operational and transaction need. Today, almost all banks and NBFCs provide online services through multi-channels like web, mobile, tab, pos machines, ATMs, smartwatches, smart voice assistants, etc. However, […]