Consumers should ask relevant questions on use of their data: Experian India

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Consumers should ask relevant questions on use of their data: Experian India

Risk-based pricing in India is still at a nascent stage. With the strengthening of credit bureau presence, credit score-based underwriting and alternative methods of risk evaluation, we can expect risk-based pricing to pick up over time.


Financial frauds are closer than you think. All the more reason why you need to be on your guard.

According to Experian India Fraud Report 2018 -19, 65 percent Indian consumers surveyed have reported an increase in fraud-related losses over the past 12 months. These include account takeover attacks and fraudulent account openings. Identity theft at 28 percent and market alert frauds at 28 percent were the leading contributors to the overall frauds. In the Asia Pacific, maximum number of frauds were reported from India.

Sathya Kalyanasundaram, Country Managing Director of Experian India, weighs in on the fraud trend in India, asking consumers to take care in sharing personal data with lenders, rise in consumer awareness on credit scores, introducing risk-based pricing by lenders and more.



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