by AIP Online Bureau | Oct 15, 2023 | Data, Risk Management, Technology
Airlines are a high-profile target for fraudsters, whether it be attempts to use stolen credit cards on our websites, to fraudulently claim frequent flier miles, or other scams, Wilson said Mumbai: Full-service carrier Air India has prevented revenue loss of over Rs 3...
by AIP Online Bureau | Aug 12, 2023 | Health, Indian News, Policy
The anti-fraud structure under the scheme has National Anti-Fraud Unit at the central level, followed by State Anti-Fraud Units. NHA uses Artificial Intelligence (AI) and Machine Learning (ML) technologies to detect suspicious transactions or potential frauds under...
by AIP Online Bureau | Feb 17, 2023 | Data, Risk Management, Technology
New fraud trends, such as data theft, and traditional frauds, such as collusion between third parties and mis-selling of insurance products, continue to prevail and are still a concern for the sector, the survey noted. About 60 per cent of Indian private insurers...
by AIP Online Bureau | May 15, 2022 | Banking & Bancassurance, Indian News, Regulation
According to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (PNB), involving 431 such incidents The country’s largest lender State Bank of India...
by AIP Online Bureau | Feb 8, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
Minister of State for Finance Bhagwat Karad The government had in Budget 2021-22 announced its intent to privatise two public sector banks (PSBs) and one of the public sector general insurance companies during the year. ”As per inputs received from Department of...
