Thursday, 11 June, 2026
AI Co-Pilots: India’s New Digital Armor Against a ₹36,000 Crore Fraud Wave
By TechShots Studio
With Indian banking fraud reaching ₹36,014 crore, financial institutions are deploying AI to fight scams. Systems like the RBI Innovation Hub's MuleHunter.AI track fraudulent mule accounts in real time, shrinking digital investigation timelines from days to minutes. While automated agents streamline manual KYC workflows, regulators mandate a strict "human-in-the-loop" framework to guarantee data privacy compliance and final accountability.
Read full story at TIMES OF INDIA