Manish Agrawal on why the future of banking risk will be decided by speed, connected intelligence and human judgement As banking becomes faster, more digital and increasingly invisible to the customer, the nature of risk is changing with it. The traditional architecture of control designed to detect an anomaly, investigate it and contain the damage…
India has built one of the world’s most advanced digital payment ecosystems in less than a decade. Unified Payments Interface (UPI) now processes over 20 billion transactions every month, making India the global leader in real-time retail payments. The speed, scale and accessibility of digital payments have transformed financial inclusion, commerce and customer experience, establishing…
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…
