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Indian Finance Minister warns of rising AI fraud, citing deepfakes, and promotes secure fintech solutions.
Indian Finance Minister Nirmala Sitharaman warned at the Global Fintech Fest 2025 that AI-driven fraud, including deepfakes and voice cloning, is rising and threatening public trust, citing personal experience with fake videos of herself.
She stressed the need for secure, inclusive fintech innovation and highlighted India’s verified UPI handles and SEBI’s verification tools as key defenses.
Sitharaman called for collaboration among regulators, firms, and citizens to ensure AI serves public good, emphasizing India’s growing role in global AI development and digital infrastructure.
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El ministro de Finanzas de la India advierte sobre el aumento del fraude de IA, citando deepfakes, y promueve soluciones seguras de fintech.