​MuleHunter.AI: Combating the Issue of Mule Accounts

On 6th December 2024, the Reserve Bank of India (RBI) announced that it has created an AI-powered model called MuleHunter.AI, which could reduce digital fraud by helping banks deal with the increasing problem of “mule” accounts.

About MuleHunter.AI

Developed By: Reserve Bank Innovation Hub (RBIH), Bengaluru.

Mode of Working

  • AI/ML-based Solution: RBIH developed this in-house AI/ML-based solution which is better suited than a rule-based system to identify suspected mule accounts.
  • 19 Distinct Patterns: The system was developed after 19 distinct patterns of mule account activity were analysed in collaboration with multiple banks.
  • Machine Learning: MuleHunter.AI uses machine learning to quickly and accurately ....

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