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Ignosi launches AI solution to identify gold fraud in NBFCs
Ignosi rolls out AI system to detect gold fraud in loan portfolios for NBFCs and banks.
Kerala-based fintech startup **Ignosi Enterprises** unveiled a new AI platform to detect gold fraud in financial institutions. Using computer vision, pattern analytics, and facial recognition, the product flags suspicious gold loan pledges and fraudulent behavior. It alerts cooperative banks, NBFCs, and lenders in real time. The move addresses a long-standing challenge in India’s gold lending space, improving credit reliability and risk management in rural and semi-urban markets.