RBI Unveils MuleHunter AI to Combat Financial Fraud The Reserve Bank of India (RBI) has introduced an advanced artificial intelligence (AI) tool named MuleHunter to strengthen the fight against financial fraud. The tool is designed to track and identify suspicious banking activities, particularly focusing on fraudulent transactions linked to mule accounts. Mule accounts are typically…
RBI Updates KYC Rules to Enhance Verification and Security In a recent development, the Reserve Bank of India (RBI) has updated its Know Your Customer (KYC) guidelines to improve verification processes and strengthen security measures in the banking sector. These changes aim to address the increasing need for robust verification methods in the wake of…
PNB Launches Safety Ring to Enhance Internet and Mobile Banking Security Punjab National Bank (PNB) has introduced a new initiative called Safety Ring aimed at bolstering security measures for internet and mobile banking transactions. This innovative step comes amidst rising concerns over cyber threats in the banking sector. Safety Ring seeks to provide PNB customers…
IVIS Partners with ICICI Bank to Boost Security with Advanced E-Surveillance Services IVIS, a leading provider of advanced surveillance solutions, has recently collaborated with ICICI Bank, one of India’s premier financial institutions, to reinforce security measures through cutting-edge e-surveillance services. This strategic partnership aims to elevate the security standards in banking operations, utilizing state-of-the-art technological…
