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MULE HUNTER.AI
FinMin asks banks to adopt MuleHunter AI tool of RBI to check cyber fraudsFinancial Services Secretary M Nagaraju urged banks to adopt the RBI's MuleHunter AI tool to combat financial cyber frauds and mule account...30 Apr, 2026, 11.35 PM IST- Financial Services secretary flags digital risks, says AI key to tackling mule accountsThe central bank has introduced initiatives such as MuleHunter.ai to combat mule accounts used for fraudulent transactions. The AI tool del...10 Jan, 2026, 12.44 AM IST
- RBI deputy governor pitches for collaboration to deal with fraudsT Rabi Sankar said collaboration between banks and central bank owned Reserve Bank Innovation Hub (RBIH) will both quicken and enhance the ...09 Jan, 2026, 08.19 PM IST
- Mule Hunter tool to check digital fraud is showing good success rate: RBI Governor Sanjay MalhotraRBI Governor Sanjay Malhotra said the central bank’s AI-driven MuleHunter tool is detecting around 20,000 mule accounts each month and is s...20 Nov, 2025, 08.07 PM IST
- SBI and Bank of Baroda to launch Indian digital payment intelligence corporation to combat fraudIndia's largest banks, SBI and Bank of Baroda, are spearheading a new digital payments intelligence platform. This initiative aims to detec...25 Oct, 2025, 12.14 AM IST
- AI promises efficiency and inclusion but needs strong oversight: RBI Dy Governor SankarReserve Bank of India Deputy Governor T Rabi Sankar highlighted AI's transformative power and its inherent risks. Speaking at the Global Fi...08 Oct, 2025, 01.17 PM IST
- "AI carries dual narrative… if left unattended, it could pose unprecedented threats", warns RBI Deputy Governor T Rabi SankarReserve Bank of India Deputy Governor T Rabi Sankar warned at the Global Fintech Fest 2025 that while AI offers immense financial sector be...07 Oct, 2025, 11.28 PM IST
- Banks step up checks on deposit accounts to thwart mulesBanks are grappling with a surge in fraud linked to deposit accounts, surpassing loan accounts in risk. The rise of mule accounts used for ...02 Sep, 2025, 12.24 AM IST
- Plan in works to catch 'mule' accounts in real timeTo combat financial fraud, the government is collaborating with banks to develop a real-time due diligence process for identifying 'mule' a...12 May, 2025, 11.42 PM IST
- 'AI-generated content': What Zerodha's Nithin Kamath discovered after checking app reviews for his company and competitorsZerodha CEO Nithin Kamath questions the authenticity of app reviews and ratings on Google and Apple stores, suspecting many are fake and AI...10 Feb, 2025, 07.36 PM IST
- 'Thanks to AI': Zerodha's Nithin Kamath assumes digital frauds to only get much worseZerodha CEO Nithin Kamath highlights the rise in digital frauds due to AI and warns of worsening scenarios. SEBI and RBI are proactively ed...09 Feb, 2025, 07.12 PM IST
- RBI policy acts big on banking frauds: New AI tool MuleHunter.ai by RBI to help reduce digital fraudsReserve Bank of India: The RBI innovation hub in Bengaluru has developed a new artificial intelligence based system to reduce digital fraud...12 Dec, 2024, 03.59 PM IST
- Banks to use AI & machine learning to safeguard customers from financial fraudsIn a significant move to address the growing menace of digital financial frauds, the Department of Financial Services (DFS) has directed ba...08 Dec, 2024, 07.07 AM IST
- Use MuleHunter.AI to check digital fraud: Govt to banksThe government urged banks to enhance their fight against mule accounts used in financial fraud. Banks were advised to implement AI/ML solu...07 Dec, 2024, 12.37 AM IST
- Finmin asks banks to use MuleHunterAI to check digital fraudThe Finance Ministry and RBI are urging banks to adopt AI tools, including the RBI-developed MuleHunterAI, to combat rising financial fraud...06 Dec, 2024, 10.53 PM IST
- RBI MPC Meet Highlights: Unchanged repo rate, CRR cut, concerns about GDP and inflation; here are all the key announcementsIn a 4:2 majority decision, the MPC kept the repo rate unchanged at 6.5%, along with the Standing Deposit Facility (SDF) at 6.25% and the M...06 Dec, 2024, 01.44 PM IST
- RBI has found A(I) way of handling frauds and mule accountsRBI Governor Shaktikanta Das announced a new initiative to combat financial fraud. The central bank is piloting an AI model, MuleHunter, to...06 Dec, 2024, 11.46 AM IST
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