Deadline: 15-Sep-2025
The Financial Fraud Fighter Challenge is designed to empower startups to develop innovative solutions that can prevent frauds in the banking, financial, and insurance ecosystem.
The challenge focuses on BFSI – Banking, Financial Services, and Insurance, Fraud Prevention, with the purpose to build innovative solutions to identify frauds before they occur. The objective is to weed out all kinds of frauds from the Banking, Financial & Insurance ecosystem. Examples include solutions for Deepfake detection, SIM Swap detection, Mule Account detection, Behavioral analytics to track fraud, and Biometric analysis for tracking fraud.
The challenge welcomes all-stage startups registered with DPIIT and others, including individual entrepreneurs. Relevant stakeholders include ideation stage startups, validation stage startups, early traction startups, and scaling stage startups operating in Finance, Technology, and IT Services industries.
Participants will submit their ideas during the Preliminary Round, followed by MVP presentations in the Final Round. The winners will be selected based on the effectiveness, innovation, and feasibility of their solutions. Fiscal incentives include ₹10 lakh for the first prize and ₹5 lakh for the second prize. Additionally, special incentives offer opportunities to partner with Perfios, leverage its industry network, potential strategic investment, and the chance to exhibit the solution at major Perfios-sponsored events.
The challenge is structured to ensure startups can innovate and showcase practical solutions that prevent fraud before it occurs, creating a safer financial ecosystem.
For more information, visit Startup India.
