The Reserve bank of India is rolling out an AI / ML-based model called MuleHunter.AI for detection of mule bank accounts. “A pilot with two large public sector banks has yielded encouraging results.

The Reserve Bank of India (RBI) said on Friday (December 6) that it has created an artificial intelligence (AI) powered model that could reduce digital fraud by helping banks deal with the increasing ...

This technology specialises in detecting and flagging mule accounts, which are often exploited for money laundering activities. The term "Money Mule" refers to individuals who are unknowingly ...

The Reserve Bank of India Innovation Hub (RBIH) has introduced MuleHunter AI, an advanced artificial intelligence and machine learning (AI/ML) model designed to help banks and financial institutions ...