A BioCatch survey reveals 90% of Indian banking leaders observed increased fraud attempts, with AI-driven scams and UPI-based instant payments posing significant risks.
AI is making financial fraud more sophisticated
Jun 11, 2026
10:09 am
What's the storyAs artificial intelligence (AI) increasingly transforms the financial industry, Indian banks are grappling with a surge in fraud-related issues.
A recent survey by BioCatch revealed that 84% of banking leaders in India have witnessed an increase in fraud losses over the past year.
84% of Indian banking leaders report rising fraud losses, AI-driven threats emerge as major concern: Report
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