Fraud

MobiKwik reports Rs 1.26 crore fraud by ex-employee

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 19:08 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

27 Jan 2025, 16:08 PM

The payments bank hired KPMG to conduct an independent investigation.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 23:13 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

24 May 2024, 23:17 PM

The Delhi High Court also asked BharatPe's former MD to deposit his Emirates ID issued by the UAE government.

Fintech Highlights

  1. Regtech startup Zango AI secures $4.8 million funding from Nexus, others

  2. Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

  3. MobiKwik-backed Blostem bags seed funding

  4. MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

  5. Jio Financial pumps Rs 190 crore into payments bank
  6. Read more highlights...

AI/Emerging Tech

  1. AI Mode, ChatGPT or Perplexity - who's best at keeping kids active indoors on hot days

  2. Over 40% of agentic AI projects to be scrapped by 2027-end: Gartner

  3. At a Glance: AI Data Labeling companies beyond Scale AI

  4. Darwix AI bags seed funding

  5. Google plans to snap ties with Scale AI after Meta's "significant" investment
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case