"Data sharing is still a major problem in this country if it's not done digitally with consent," Keshav Reddy stated, emphasizing the need for secure, consent-based digital data sharing solutions.
According to Indian government estimates, online fraud could reach 0.7% of GDP, translating to over $14 billion annually, highlighting the nation’s urgent need for enhanced cybersecurity measures.
New regulations introduced by the government aim to curb digital fraud but can inadvertently disrupt fintech operations, as seen in the recent issues surrounding unauthorized use of permanent account numbers.
Equal's suite of identity verification products integrates over 50 identity databases, aiding businesses in ensuring compliance and enhancing digital security across numerous industries in India.
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