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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Dinesh Khara Committee
- 2 Bond Central
- 3 Grameen Credit Score: A New Chapter in Rural Finance
- 4 Expansion of e-NAM Platform
- 5 RBI Survey on Farmer’s Share of Consumer Prices
- 6 New Maritime Initiatives to Enhance India’s Global Trade
- 7 Tobin Tax
- 8 SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
- 9 Sustainability and Circularity in Dairy Sector
- 10 Revised Guidelines for Market Intervention Scheme
