Thiruvananthapuram, Oct. 16 -- IGNOSI Enterprises, a fintech venture supported by the Kerala Startup Mission (KSUM), has launched two cutting-edge AI-based solutions aimed at strengthening fraud detection and operational efficiency in the financial sector.
The startup's flagship innovation, the AI Fake-Gold Detection Application, is designed to assist banks, cooperative societies, and other financial institutions in identifying fake gold pledges.
The system uses facial recognition and fraud-pattern analysis to instantly alert institutions about customers linked to previous fake-gold fraud cases.
This homegrown AI technology addresses one of the most persistent issues in Kerala's financial sector, fake gold loans, by enabling real-time de...