RBI’s AI app to crack down on e-fraudsters – Times of India
MUMBAI : To track online frauds, RBI has introduced artificial intelligence application MuleHunter.AI to identify and alert banks about ‘mule accounts’ used to siphon off defrauded funds.RBI deputy governor T Rabi Sankar explained the purpose of MuleHunter.AI, calling it “an infrastructure-level setup”. He said, “It will use databases from all banks and payment system operators,…