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Expertrons Raises Funds from Venture Catalyst, Leads Angels and Others

Expertrons Raises Funds from Venture Catalyst, Leads Angels and Others
inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.

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EarlySalary CEO's fondest memory: A Bengaluru-Trivandrum road-trip with his father in a Maruti 800

EarlySalary CEO's fondest memory: A Bengaluru-Trivandrum road-trip with his father in a Maruti 800
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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The fake loan app scandal is not going away anytime soon

The fake loan app scandal is not going away anytime soon
April 30, 2021
It has become a game of cat-and-mouse game between law enforcement and predatory or fake lending apps in the country. Even as various police departments in the country are cracking down on these apps which mushroomed during the pandemic some of these apps are re-branding themselves and restarting operations. The Reserve Bank of India (RBI), which has been actively monitoring the issue, believes that these apps will continue to operate
for at least a year, if not more.
Over the last year, a number of unauthorised digital lending apps popped up on Google’s Play Store and other Android app store. But these apps charge exorbitant fees and interest rates, and resort to extortion and blackmail tactics to collect payments from borrowers. As a result, a number of borrowers have committed suicide beginning in October last year. ....

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Your data for cash: Indian lending apps force tough choice

Updated:
January 30, 2021 13:43 IST
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
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Mobile lending apps have mushroomed in India and elsewhere as smartphone use surged
| Photo Credit: Reuters
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
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Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers data, underlining the risks to driving financial inclusion with newer technologies. ....

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Troves of data stolen by fake digital lending apps

January 18, 2021
Fake digital lending apps grabbed contact information, pictures and gained network access from their borrowers’ smartphones as part of their lending operations. As the government, regulators and investigative agencies crack down on fake digital lending apps and the Chinese nationals who were operating them, questions remain on how much data was stolen from unsuspecting customers.
Without a data protection law in place, these apps and their operators have gotten away with troves of personal information belonging to borrowers. Several borrowers have committed suicide in the last few months over the harassment they faced from purported employees working for these apps. Not only were borrowers called several times to repay their loans, but the employees would also contact family and friends of the borrowers and attempt to blackmail by posting stories and private information of the borrower on social media. ....

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