Tech
RBI Building AI System To Flag Risky Online Payments
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SUMMARY
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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