Indian customers susceptible to unlawful mortgage app scams: report

It’s alarming to notice that one-third of high-confidence clients in India have restricted information about their digital loans, and lack understanding on the right way to detect unlawful lending apps, as revealed in a report by Fintech Affiliation for Shopper Empowerment (FACE). Virtually all clients know the lender’s title, however lower than a 3rd find … Read more

RBI mulls to arrange Digital India Belief Company to test unlawful lending apps

As a part of its efforts to curb rising cyber fraud, the Reserve Financial institution is contemplating establishing a Digital India Belief Company (DIGITA) to cease the mushrooming of unlawful lending apps. The proposed company will allow verification of digital lending apps and keep a public register of verified apps, sources mentioned. Apps not carrying … Read more