India’s fintech ecosystem is scaling at record speed, but fraud is scaling faster. This report explores how AI is reshaping financial crime, from deepfake identities and bot-led attacks to silent losses hiding inside chargebacks and onboarding flows. Backed by RBI data and global research, it reveals why fraud today looks like a real user, learns like a product, and costs far more than what appears on balance sheets. It also breaks down the top AI-powered fraud threats for 2026 and what a modern, AI-ready defence stack must include to stay ahead of them.
