Whalesbook
The Reserve Bank of India's Governor, Sanjay Malhotra, announced that the AI-enabled Mule Hunter tool is performing well in detecting digital fraud. Launched by the Reserve Bank Innovation Hub, the tool flags mule accounts used to channel fraudulent funds and is identifying approximately 20,000 such accounts each month. The RBI is also enhancing collaboration with agencies like the Indian Cyber Crime Coordination Centre to further combat digital financial crimes.