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The new platform, being developed by the RBI’s innovation hub, will collect data from various sources to trace mule accounts and flag risks to both customers and banks
This comes a year after reports first surfaced that the RBI was looking to develop an AI-enabled system to alert individuals about real-time financial fraud
Indians lost INR 107.21 Cr to cyber frauds in the first nine months of FY25 amid a spate of online frauds in the country
With an eye on curbing…
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The new platform, being developed by the RBI’s innovation hub, will collect data from various sources to trace mule accounts and flag risks to both customers and banks
This comes a year after reports first surfaced that the RBI was looking to develop an AI-enabled system to alert individuals about real-time financial fraud
Indians lost INR 107.21 Cr to cyber frauds in the first nine months of FY25 amid a spate of online frauds in the country
With an eye on curbing…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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