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Truecaller partners with HDFC ERGO for Fraud Insurance in India

by AIP Online Bureau | Jun 27, 2024 | Indian News, Non-Life, Reinsurance, Technology

Alan Mamedi, CEO, Truecaller commented, “Despite offering the world’s best caller identification and fraud protection services, some of our users unfortunately can become victims of criminal fraud. We want to be able to offer peace of mind by protecting...

Trai takes up fraud, pesky call issues in meeting with financial regulators, institutions

by AIP Online Bureau | Jun 14, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The telecom regulator discussed the allocation of 160 series exclusively for making transactional and service voice calls, which has been earmarked for all entities regulated by the RBI, Sebi, Irdai and PFRDA in the first stage NEW DELHI: Telecom regulator Trai has...

Former Allianz employee pleads guilty to fraud over $7-billion funds collapse

by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...
Online payment frauds jump over 400% in India:RBI data

Online payment frauds jump over 400% in India:RBI data

by AIP Online Bureau | May 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

“Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls.” Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175...

Govt cracks down on SMS scammers; blacklists 8 principal entities found spewing fraud msgs

by AIP Online Bureau | May 28, 2024 | Data, Regulation, Risk Management, Technology

The Department of Telecom (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken decisive action to protect citizens from potential SMS fraud through the Sanchar Saathi initiative, it said NEW DELHI: In a major crackdown on SMS scammers, the...
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