Trader's AI loan rejection led to 300% fraud detection breakthrough - here's why
Key Points
- India's digital payment system processes over 15 billion UPI...
Picture this: India processes over 15 billion UPI transactions monthly, and somewhere in that digital avalanche, fraudsters are having a field day with synthetic identities and deepfake documents. Meanwhile, AI is quietly becoming the financial world's most overzealous bouncer - sometimes keeping the wrong people out.
When Your Credit Score Meets Its Robot Overlord
Take Rajesh Kumar's adventure with an AI lending app. The algorithm looked at his profile and basically said "computer says no" faster than you could swipe right on a dating app. But here's the plot twist that actually matters...
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