BS BFSI Summit: More checks, balances needed to curb fraud, say experts

India’s digital platforms and ecosystems need to be a step ahead of the fraudsters with more layers of protection and a strong focus on education, as the country grows leaps and bounds in digitisation, said industry stalwarts at a session in Mumbai on Thursday.

Speaking at the Business Standard BFSI Insight Summit, the key players in the payments and security ecosystem agreed that it required greater cooperation to beat the fraudsters at a time of proliferation of personal data.

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