The paper focuses on the role of technology in finding planned defaulters. With the fast-paced advent of financial technology, it is imperative that technology plays a key role in enhancing customer experience esp. around security and preventing default. The paper identifies the role of technology in identifying planned defaulters and how it can be adapted and used to prevent such mishaps from happening in the future. A quantitative survey has been undertaken, which shows fast adoption of fintech solutions by Merchants/small-scale businesses. The survey also highlights the concern of risk associated with fraud and how well the Merchants can adapt to tech solutions to prevent such incidents, thereby enabling technology to play a firm role in identifying planned defaulters. The paper summarizes current methods used to find planned defaulters by fintech companies and what should be done further in this area. The paper also lays out the future scope of research work.