Latest news with #AEPS
Time of India
4 days ago
- Time of India
Widow alleges illegal use of bank account
Kolkata: An 80-year-old widow from Rajarhat has alleged that fraudsters accessed her bank account and made illegal deposits and withdrawals, including her old-age pension, through UPI and Aadhaar-enabled Payment System (AEPS) transactions. The complaint states that no ATM or debit card was ever issued or linked to the account. However, several withdrawals and transfers were made over recent months without her knowledge or consent between Sept 2024 and July 2025 through digital payment channels. She claims several lakhs were withdrawn without her consent. Cops said they have started a case and are trying to identify the culprits and trace the siphoned funds. An officer said, "No arrests have been made so far." tnn You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Gold Rates Today in Kolkata | Silver Rates Today in Kolkata Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
India.com
01-08-2025
- India.com
Aadhaar Scam Alert: No OTP required to empty your bank account savings! These easy methods can save your money...Know how to access...
Aadhaar Scam Alert: No OTP required to empty your bank account savings! These easy methods can save your how to access... Internet scams and fraud have posed a significant danger to everyone. In many examples reported, scammers posing as police officers may video call you to lure you into providing your own personal details, and then empty your bank account. At other times, they have been able to find your Aadhaar details from the internet, making it easier for them to steal your money. Being vigilant and protecting your information should be a constant effort. What is the Aadhaar-linked AEPS scam and how does it work? Numerous people's bank accounts were emptied without any visible transactions. How can this occur? The people's Aadhaar biometric data fell into the wrong hands. How does someone's bank account get emptied with no visible activity? The reason is an Aadhaar-linked AEPS scam. With the Aadhaar Enabled Payment System, money can be withdrawn with just an Aadhaar number and a fingerprint, which is an easy way for criminals to steal money. The Aadhaar-linked AEPS scam is a type of scam that allows scammers to exploit the Aadhaar Enabled Payment System (AEPS), which allows individuals to steal money from people's bank accounts without the use of OTP, debit card, or PIN. What leads to Aadhaar-linked AEPS scam? Cyber cafes, print shops, hotels, and similar places are common places where Aadhaar numbers can be stolen. After acquiring the Aadhaar number, the scammers often trace the victim to learn about their bank details. The last piece in the AEPS fraud puzzle is a fingerprint pattern. This is where the scammers start to get clever. They try to accumulate fingerprint data from places such as land registry offices or other sites that require fingerprints for authentication purposes. Once they obtain this data, they recreate these fingerprints on artificial silicone thumbs. Then using these thumbs they can withdraw money from the victim's bank account utilizing the Aadhaar Enabled Payment System (AEPS) – no OTP or PIN required. It can be locked online, after which your Aadhaar biometrics, fingerprint, and iris will be locked, and no one will be able to withdraw money with your fingerprint without your consent. What steps can you take to lock your Aadhaar biometrics? How to Lock your biometrics: Go to the UIDAI website. Click on My Aadhaar. Click on Lock/Unlock Biometrics. Enter your Aadhaar Number and log in using the OTP. Click Enable biometric lock. Services Even After Locking: Even if you have enabled a biometric lock, you can still avail services like eKYC, LPG subsidy, and other Government services using OTP without inconvenience. Temporary Unlock If Required. When your bank or SIM requires biometric verification for KYC, you can temporarily unlock your biometrics for a specified time. Scammers often use fake fingerprints (e.g., silicone replicas) to steal funds, but this will not occur if your biometrics are locked.
Time of India
18-07-2025
- Business
- Time of India
Anvesh Tiwari leads the launch of India's first AI-driven end-to-end fintech platform by Laraware
Under the visionary leadership of Anvesh Tiwari, Laraware's 'Nxtbanking' platform sets a new benchmark for scalability, compliance, and innovation in the fintech landscape. In a landmark move that could redefine the Indian fintech ecosystem, Laraware Pvt Ltd has launched India's first fully AI-powered fintech software platform, developed and led by technology innovator Anvesh Tiwari. This platform is set to revolutionise how digital financial services are built, deployed, and scaled in India. The newly launched platform, branded as 'Nxtbanking', enables banks, non-banking financial companies (NBFCs), aggregators, and fintech startups to instantly offer intelligent financial services with enterprise-grade compliance, real-time automation, and robust security. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 & 3 BHK Sky-High Homes @ ₹1.27 Cr in Mira Road Sunteck Sky Park Learn More Undo 'We believe fintech needs more than just code; it needs cognition. That's what we've built,' said Anvesh Tiwari, Founder and Chief Architect at Laraware. What makes Nxtbanking a category creator? Live Events Nxtbanking is not just another API platform; it is India's first end-to-end, AI-native fintech stack, designed to streamline onboarding, verification, transaction execution, and fraud prevention, all powered by deep AI automation. Key highlights: ● 50+ pre-integrated APIs across AEPS, BBPS, Aadhaar Pay, DMT, Recharge, Payout, and more ● 8-layer AI compliance engine, which includes: ● Real-time Aadhaar, PAN, GSTIN & Bank Account Verification ● AI-based OCR and document parsing ● Facial match and liveness detection ● Geo-tagging, device fingerprinting, and real-time fraud scoring Watchlist screening and anomaly detection This AI infrastructure allows businesses to plug-and-play with a fully compliant and production-ready fintech system, reducing launch timelines from several months to just hours. It also facilitates role-based access control with audit trails and an auto-escalation system. Built with a developer-first approach, Nxtbanking empowers teams to build fintech products with unmatched speed, reliability, and flexibility. Platform capabilities: ● White-labeled Retailer Portals ● Custom BI & Analytics Dashboards ● Developer SDKs and API Tools ● Scalable infrastructure with zero downtime ● Bank-grade encryption and audit compliance The visionary behind the innovation At the heart of this platform is Tiwari, a serial entrepreneur and technologist known for designing mission-critical architectures in digital finance. His strategic focus on AI-first architecture has led Laraware to become a quiet but powerful force behind many backend banking and fintech systems in India. 'We are not just solving today's fintech problems — we are building the digital architecture for India's economy in 2030,' Tiwari added. Supporting India's $1 trillion digital economy vision With India racing toward a $1 trillion digital economy, Nxtbanking is perfectly aligned with national goals for financial inclusion and digital transformation. Its AI-driven, plug-and-play infrastructure significantly reduces the barriers for innovation and compliance, especially for startups, rural fintechs, and banking, financial services, and insurance (BFSI) institutions. Whether you're building a next-generation banking app or a scalable distributor platform, Laraware offers a robust, future-ready foundation for modern financial ecosystems. Website: Media Contact: info@ Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
