The Indian Digital Payment Intelligence Corporation (IDPIC) is a Section 8 not-for-profit company incorporated under the Companies Act, 2013, established as India’s central digital payment fraud intelligence platform operating under the regulatory approval and oversight of the Department of Financial Services, Ministry of Finance, and the Reserve Bank of India. IDPIC’s primary mandate is to detect, prevent, and analyse fraud across India’s digital payments ecosystem in real time by functioning as a national collective intelligence grid -aggregating fraud signals, transaction data, and risk markers from all participating institutions into a unified platform, and deploying cutting-edge Artificial Intelligence, Machine Learning, and Big Data Analytics to move the industry from reactive fraud management to predictive risk scoring.
CAM’s role spanned the full lifecycle of the incorporation and managed the full suite of corporate actions required to bring IDPIC into legal existence. CAM has also been retained by IDPIC to advise and assist on its operationalization, and providing ongoing legal and regulatory counsel as IDPIC moves towards becoming a fully functional national payments fraud intelligence body.
The team was led by Utkarsh Bhatnagar, Partner; with support from Sukriti Sarwan, Principal Associate; Anusha Rao, Senior Associate; Maria Grisha Borges and Puru Singh, Associates.
Amey Pathak, Partner (Head-Banking); and Gopal Sharma, Director – Market Strategy and Analytics; provided strategic inputs and guidance.
