Fraud Management & Cybercrime

Tracking Retail Loan Fraud

Experts Talk About the Unique Challenges
Rajaram Manian (left) of Adani Capital and Sanjay Athalye of Lender Mentor

Although corporate loan fraud gets all the attention, fraud risk managers need to address retail loan fraud as well. Rajaram Manian, head, credit, risk and policy at Adani Capital and Sanjay Athalye, director at Lender Mentor, discuss the challenges.

See Also: Rapid Digitization and Risk: A Roundtable Preview

"Different frauds have different intent," Manian says. "Fraud is not limited to getting a financial gain. It is larger than that. It can be data capturing of your competition, technology know-how, etc. The fraud scope has become very large."

Athalye adds: "In terms of technological development, the industry has advanced a lot. Video conferencing tools, credit bureaus, though of recent origin in India, give a lot of information about customers. By the use of ML there is a good amount of predictability of customer behavior."

In this video discussion, the two experts address:

  • The unique problem of retail load fraud in India;
  • Tools to be leveraged for retail loan fraud;
  • Why digitization of fraud unit is important.

Manian is head, credit, risk and policy at Adani Capital. He has more than 21 years experience in retail and wholesale credit risk management, enterprise risk management and fraud risk management. Prior to Adani, he was the chief risk and compliance at Motilal Oswal Home Finance.

Athalye is director at Lender Mentor. Prior to this, he was MD and CEO of Motilal Oswal Home Finance Ltd. He was also the chief risk officer at Indostar Capital Finance.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Suparna Goswami is Associate Editor at ISMG Asia and has more than 10 years of experience in the field of journalism. She has covered a variety of beats ranging from global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine, and leading Indian newspapers like DNA and Times of India.

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