digital lenders

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

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Anthropic's powerful AI model, Claude Mythos, capable of finding software vulnerabilities, has prompted a global financial sector scramble. Banks, regulators, and central bankers are urgently assessing risks and accelerating cybersecurity investments. Project Glasswing offers controlled access for defensive security work, highlighting the evolving threat landscape.

Barclays CEO CS Venkatakrishnan issued a stark warning about Anthropic's Mythos AI, deeming it a serious threat to the global banking system. He anticipates increasingly powerful AI models will emerge with distressing frequency, necessitating rapid adaptation and robust safeguards from financial institutions worldwide.

Luther Davis, once a University of Alabama defensive lineman under Nick Saban, now faces federal fraud charges over an alleged $20 million scheme involving impersonated NFL players. Prosecutors say forged identities, shell companies and disguises enabled fraudulent loans. The case highlights vulnerabilities in trust-based financial systems and the exploitation of athlete identities.

Women's credit uptake has surged, now representing Rs 76 lakh crore or 26% of total system credit in 2025, a near five-fold increase since 2017. This signifies a major shift with women actively driving credit demand, moving from passive recipients to key financial participants. Their engagement with formal credit and asset ownership is rapidly expanding.

Digital lending platform KreditBee has secured $280 million, achieving a $1.5 billion valuation and joining the unicorn club. The funding will bolster its lending book and balance sheet, preparing the company for an upcoming IPO. KreditBee reported strong revenue and profit growth in the last financial year, emphasizing risk management as a core strategy.

AI-powered debt collections infrastructure company CredResolve has secured Pre-Series A funding led by Merak Ventures. The capital will fuel expansion to 15 states, enhance multilingual AI and voice capabilities, and launch a self-serve platform for lenders. CredResolve aims to modernize India's fragmented debt collections market with its technology-driven, outcome-focused approach.

X, formerly Twitter, faces a €120 million EU fine for its paid verification system, deemed deceptive. The platform has proposed changes to its blue check mark system, which regulators believe misled users by equating payment with trustworthiness. X also faces scrutiny over ad transparency and data access, with a March 12 deadline to propose solutions or risk further penalties.

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub facing geopolitical risks.

Analysts are bullish on Reliance Industries, citing strong refining margins and a recovering chemical cycle. Interglobe Aviation sees a target upgrade amid peer losses, while AU Small Finance Bank receives a neutral rating due to RBI norm changes. Ambuja Cements is favored for its cost efficiencies and expansion plans.

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digital lenders collecting personal data will now need to get customers’ consent and can only obtain need-based data. Also, there must be clear audit trails and an option to delete the data collected from borrowers. The digital lenders Association of India (DLAI) said the new norms would help the digital ecosystem grow responsibly and sustainably.

The RBI on Wednesday published new digital lending norms with an aim to regulate online platforms that distribute loans for others, classifying them as lending service providers, or LSPs.

SoftBank is reportedly seeking a massive $40 billion USD loan, its largest ever, to fuel its substantial $30 billion investment in AI firm OpenAI. This move underscores founder Masayoshi Son's aggressive bet on the company, which now represents a significant portion of SoftBank's assets alongside its stake in Arm Holdings.

The digital lenders’ Association of India has presented a set of policy recommendations to the finance ministry

In the backdrop of illegal lending apps leading to instances like borrower suicides, a body representing digital lenders has come forward and applied to the RBI for being recognized as a self regulatory organisation (SRO) for the industry.