Indian Cyber Crime Coordination Centre and Reserve Bank Innovation Hub Join Hands to Deploy AI Against Mule Accounts and Digital Banking Fraud
India is stepping up its fight against rising cyber financial frauds with a new artificial intelligence-led initiative aimed at identifying and eliminating mule accounts across the banking ecosystem. The Indian Cyber Crime Coordination Centre (I4C), operating under the Ministry of Home Affairs, has signed a Memorandum of Understanding with Reserve Bank Innovation Hub (RBIH) to…