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Fico warns India data localisation could weaken fraud detection systems for banks
Technology
Published on 24 April 2026
New payment fraud models face localization hurdles
Fico, a US analytics firm behind credit scoring used by homebuyers, says stringent data localisation rules in India may impair fraud detection for banks. The company already runs traditional fraud models in the country, and is now pitching new payment fraud detection solutions. Its concern centers on how localisation requirements could restrict effective deployment of fraud analytics.
- Fico links stricter localisation norms to weaker fraud detection outcomes
- Traditional fraud models are already deployed in India
- The firm is pitching new payment fraud detection to banks
- Fico’s analytics spans underwriting and fraud prevention use cases
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times