India's cyber fraud problem reaches alarming levels, with estimated losses reaching 0.7% of GDP ($14 billion). To address this issue, Hyderabad-based startup Equal has developed a suite of identity verification and financial data-sharing products to streamline know-your-customer requirements, prevent fraud, and ensure regulatory compliance.

Source: https://techcrunch.com/2024/11/10/equal-has-a-plan-to-fight-indias-growing-cyber-fraud-problem/