JuicyScore Mumbai Event Spotlights: Digital Fraud Trends

The event opened with Mr. Manish Thakwani, Head of Business Development – India & South Asia at JuicyScore. He shared an analysis of how fraud patterns in India are evolving. He emphasized that financial institutions can no longer rely on traditional fraud detection methods, as fraudsters are leveraging multi-accounting, synthetic identities, and behavioral manipulation to bypass security systems.
JuicyScore’s data revealed that:
Fraud techniques are becoming increasingly sophisticated. In response, JuicyScore presented its multi-layered fraud prevention approach, focusing on:
Ms. Aditi Verma from the Fintech Association for Consumer Empowerment (FACE) provided insights into India’s growing self-regulatory efforts. She highlighted:
Ms. Verma noted that balancing financial inclusion with strong risk controls remains a critical challenge, requiring robust governance frameworks.
Mr. Sayan Basak from DCB Bank delivered a compelling session on how mobile data is transforming credit risk assessment. As smartphone usage surges, alternative data is playing a larger role in financial models.
His research showed:
Mr. Basak stressed the importance of moving beyond traditional credit models and incorporating real-time, smartphone-based risk indicators.
Dr. Pankaj Srivastava offered a brief look into the increasing complexity of insurance fraud. He shared general trends and use cases, such as manipulation of healthcare networks and document forgery, to highlight how insurance fraud can also affect the broader financial services ecosystem.
His remarks reinforced the need for AI-driven detection tools to help insurers identify fraud early and mitigate financial impact.
The event concluded with a forward-looking discussion on India’s fraud prevention landscape. Experts agreed that cross-industry collaboration, regulatory alignment, and AI-powered risk assessment are essential to combating increasingly sophisticated fraud threats.
As India’s digital finance ecosystem continues to expand, stakeholders across fintech, banking, and insurance must work together to build scalable, adaptive fraud prevention frameworks. This includes leveraging alternative data sources, behavioral signals, and advanced machine learning models.
JuicyScore’s event in Mumbai reaffirmed the importance of adopting next-generation fraud detection strategies that go beyond traditional methods. With future gatherings already in the pipeline, JuicyScore remains committed to driving industry-wide conversations that shape the future of digital risk.
As Latin American markets draw increasing global interest, several microfinance leaders with proven success across Asia and Europe have begun expanding into the region.
Risk management automatic reporting: new product announcement
How JuicyScore Drives Fintech Growth in Mexico
Get a live session with our specialist who will show how your business can detect fraud attempts in real time.
Learn how unique device fingerprints help you link returning users and separate real customers from fraudsters.
Get insights into the main fraud tactics targeting your market — and see how to block them.
Phone:+971 50 371 9151
Email:sales@juicyscore.ai
Our dedicated experts will reach out to you promptly