Ignosi launches AI solution to detect gold fraud for financial enterprises

Kerala-based fintech startup **Ignosi Enterprises**, backed by Kerala Startup Mission, rolled out an AI platform to flag gold fraud in banking and lending institutions. The solution uses machine learning and facial recognition to identify fraudulent gold loan pledges and pattern anomalies in customer history. It also offers a live registration counter that captures and validates new customer firms instantly. The tech is aimed at reducing non-performing assets and improving verification workflows in cooperative banks and NBFCs, especially in rural markets.