Netflix’s Jamtara looked like phishing past. Now Indian digital lenders are facing a faster, AI-driven threat: synthetic identities that pass KYC, match income patterns, and mimic real history. One lender received 1,400 applications in a weekend—only to discover the first 38 were fraudulent and accounts were emptied. Experts warn fraud detection must move upstream into underwriting.
Swipe through stories, personalise your feed, and save articles for later — all on the app.