RBI launches MuleHunter.AI to detect fraudulent bank accounts using advanced AI technology.

The Reserve Bank of India (RBI) has launched MuleHunter.AI, an AI model to detect mule bank accounts used for financial fraud. Developed by the RBI Innovation Hub, MuleHunter.AI uses machine learning to analyze transactions and account data more accurately and quickly than traditional systems. A pilot project with two large public sector banks showed promising results, and the RBI is encouraging other banks to collaborate to further develop the tool.

3 months ago
25 Articles