Mumbai: Financial Action Task Force (FATF) vice-president Vivek Aggarwal on Thursday asked the fintech industry to step up their investments to counter emerging threats from AI, scam compounds and other technologies and said these challenges are a major risk to India's growth story.
Aggarwal said emerging technologies are a major challenge, along with virtual digital assets and cryptocurrencies, for FATF, which is a Paris-based body that sets global standards to prevent money laundering, terrorist financing and the financing of proliferation.
