What is Mule Hunter.AI? RBI’s Latest Tool to Tackle Financial Fraud
The Reserve Bank Innovation Hub (RBIH) worked with financial institutions to review the current methods for identifying mule accounts. Existing detection systems often lead to false outcomes, making it harder to spot mule accounts. To solve this, RBIH analyzed 19 different patterns of mule account behavior with the help of banks. Based on this analysis, they developed MuleHunter.AI, a tool designed to improve detection accuracy and efficiency.
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