Finance Minister Nirmala Sitharaman issued a strong message to India’s fintech sector, urging startups and tech leaders to focus on developing safeguards against deepfake threats. Speaking at the Digital Payments Awards 2025, she emphasized the risk of identity-based frauds eroding public trust in digital financial systems.
With India being one of the fastest adopters of digital transactions, ensuring data integrity and consumer safety has become more critical than ever. The government is expected to collaborate with the fintech industry to frame new cybersecurity policies and introduce AI-based threat detection mechanisms.
