As artificial intelligence increasingly reshapes the financial sector, Indian banks are facing a sharp rise in fraud-related challenges, with 84 per cent of banking leaders reporting higher fraud losses over the past year, according to a survey report by BioCatch.

As artificial intelligence increasingly reshapes the financial sector, Indian banks are facing a sharp rise in fraud-related challenges, with 84 per cent of banking leaders…

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.