RBI Governor Shaktikanta Das announced a new initiative to combat financial fraud. The central bank is piloting an AI model, MuleHunter, to detect mule accounts. This model helps identify accounts used by fraudsters. RBI encourages banks to collaborate on this initiative. The bank also conducts a hackathon on “Zero Financial Frauds”.
from Banking/Finance-Industry-Economic Times https://ift.tt/6QyTH1o
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