In his previous role as AVP – Finance at Paytm, Ankit led financial operations for the Lending & Payments Business, overseeing revenue assurance and audits for transactions exceeding ₹5,000 crores annually. Prior to that, he played a crucial role in shaping financial strategies at Clix Capital and Reliance Jio.

“We are excited to welcome Ankit to AuthBridge,” said Mr. Ajay Trehan, CEO and Founder of AuthBridge. “His extensive financial acumen and strategic mindset will be instrumental in strengthening our financial framework and driving sustainable growth.”

A Chartered Accountant by qualification, Ankit holds a Bachelor’s degree in Commerce from CCS University. Outside of work, he is passionate about traveling, continuous learning, and music. Commenting on his new role, Ankit said, “I am excited to be part of AuthBridge’s growth journey and look forward to contributing to its financial strategy and operations.”

The post Ankit Singhal joins AuthBridge as Vice President – Accounts & Finance appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Mumbai, 3^rd September 2025 — A comprehensive analysis of India’s Banking, Financial Services, and Insurance (BFSI) sector has revealed troubling patterns of candidate misrepresentation that pose significant regulatory and operational risks for financial institutions. According to AuthBridge’s latest Workforce Fraud Files 2025 report, the BFSI sector recorded an overall discrepancy rate of 11.69%, with employment misrepresentation accounting for an alarming 29% of verified cases.

The findings, based on six months of background verification data collected between October 2024 to March 2025, expose critical vulnerabilities in current hiring practices within India’s financial services ecosystem, an industry where regulatory compliance and fiduciary trust are paramount.

Key Findings:

●        Employment Misrepresentation: 29% of cases involved candidates inflating tenure, fabricating company names, or concealing termination history.

●        Address Verification Failures: 16.3% of cases showed significant address mismatches, raising KYE compliance concerns.

●        Education Discrepancies: 6% of cases involved false academic credentials and professional certifications.

●        Database Inconsistencies: 3.3% of cases indicated potential identity fraud or document manipulation.

Mr. Ajay Trehan, CEO & Founder of AuthBridge, emphasised the sector-specific risks: “The BFSI sector’s 29% employment misrepresentation rate is particularly concerning given the industry’s fiduciary responsibilities and stringent regulatory environment. When candidates conceal past terminations or exaggerate their experience in financial services, they are potentially exposing institutions to compliance violations, operational risks, and serious reputational damage.”

The findings carry significant implications for BFSI institutions operating under Reserve Bank of India (RBI) guidelines, Insurance Regulatory and Development Authority of India (IRDAI) mandates, and Securities and Exchange Board of India (SEBI) regulations, all of which emphasise rigorous employee screening and ongoing monitoring.

The report identifies several BFSI-specific fraud patterns:

●        Concealed Terminations: Candidates hiding disciplinary actions or terminations from previous financial institutions.

●        Inflated Designations: Exaggeration of job titles and responsibilities, particularly in compliance, risk management, and client-facing roles.

●        Fabricated Certifications: False claims about professional certifications, such as the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other industry-recognised credentials.

●        Undisclosed Conflicts: Failure to disclose previous regulatory actions or conflicts of interest.

“Financial institutions cannot afford to rely on outdated verification models when regulatory penalties and customer trust are at stake,” added Trehan. “Data shows that discrepancies often emerge after job offers are made, leading to significant time and budget waste, as well as potential regulatory exposure.”

To combat these threats, the report recommends enhanced pre-offer screening with direct employer validation, role-based verification protocols aligned with risk levels, continuous monitoring systems for post-hiring developments, and regulatory alignment with RBI, IRDAI, and SEBI requirements.

AuthBridge offers specialised solutions, including AuthLead for comprehensive leadership assessments and GroundCheck.ai for real-time verification across 20,000+ PIN codes, essential for institutions with distributed operations.

“With 29% employment misrepresentation, institutions must evolve from reactive screening to proactive, risk-based verification models that safeguard both regulatory standing and customer trust,” concluded Trehan.

The post BFSI Sector Records 29% Employment Misrepresentation: Report Highlights Regulatory Risks and Need for Enhanced Due Diligence appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru  – April 24, 2025 — AuthBridge, India’s leading provider of background screening and due diligence solutions, has launched the country’s largest AI-powered platform suite for identity verification, unveiled at the GCC Summit & Awards 2025 in Hyderabad. Built on two decades of domain expertise and trained on 1.5 billion+ proprietary data records, the platform redefines how trust is established at scale—delivering unmatched accuracy, speed, and security to businesses worldwide.

The post AuthBridge Launches India’s Largest AI-Powered Platform Suite for Identity Verification appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Amit has held key leadership positions at organizations like Ecom Express, Paytm, Expedia Group, Nagarro, and TCS. His expertise spans AI integration, data engineering, event-driven architectures, and API-first ecosystems. At Paytm, he was instrumental in building conversational platforms, while at Ecom Express, he spearheaded large-scale technology modernization initiatives.

“We are thrilled to welcome Amit to the AuthBridge family,” said Ajay Trehan, Founder and CEO, AuthBridge. “His deep understanding of emerging technologies and strategic approach to innovation will help us accelerate our mission to redefine identity management and authentication solutions.”

Amit is an alumnus of Jamia Millia Islamia, where he earned his Bachelor’s in Technology. Outside of work, he enjoys traveling, listening to technology podcasts, music, and playing table tennis with his child. He expressed his enthusiasm for joining AuthBridge, stating, “AuthBridge is at the forefront of technology-driven authentication solutions. I look forward to contributing to its growth and driving technological excellence.”

The post Amit Balwani joins AuthBridge as Senior Vice President – Technology appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

That’s exactly what AuthBridge, India’s leading authentication and onboarding solutions provider, wants you to think—just for a moment.

On the occasion of April Fool’s Day, AuthBridge is rolling out a cheeky digital campaign introducing “DNA-Based KYC”—a completely fictional but futuristic concept. The campaign cleverly plays on the idea of cutting-edge technology to send a serious message: KYC and identity verification are critical, and you shouldn’t fall for just anything.

Why This Campaign? 

In a world where digital fraud, identity theft, and deepfake scams are rising, blindly trusting unverified identity solutions can have serious consequences. The campaign challenges businesses and individuals to think twice before believing in flashy but unverified claims when it comes to authentication.

Ajay Trehan, Founder & CEO of AuthBridge, explains the thought behind the campaign:

“We wanted to use a bit of humor to drive home an important message—identity verification is serious business. Fraudsters are getting smarter, and businesses need robust, tech-driven solutions to stay ahead. While DNA-Based KYC isn’t real, the risks of poor authentication certainly are. With our AI-powered authentication solutions, we are committed to making verification secure, seamless, and fraud-proof.”

The Importance of Trusted KYC

With businesses increasingly moving online, the risk of identity fraud is at an all-time high. A weak or compromised KYC process can lead to:

• Unauthorized access to sensitive platforms and services
• Financial fraud and fake transactions
• Synthetic identities used for scams and money laundering
• Reputational damage for businesses that fall prey to identity fraud

This campaign serves as a light-hearted wake-up call to businesses and individuals alike—question what you trust, and always verify before you believe.

The post AuthBridge’s ‘DNA-Based KYC’ – Too Good to Be True? That’s the Point! appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.