Tag: financial fraud

To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits

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To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits

New Delhi: The RBI on Friday asked banks to use only the ‘1600xx’ phone numbering series to call customers for transactional purposes with a view to preventing financial fraud. It further said that for promotional purposes, banks and other regulated entities (REs) should use only the ‘140xx’ numbering series for the prevention of financial frauds…

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What Is MuleHunter.Ai? All About RBI’s New Tool To Detect Financial Fraud

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What Is MuleHunter.Ai? All About RBI’s New Tool To Detect Financial Fraud

The Reserve Bank Innovation Hub (RBIH), which is the innovation arm of the Reserve Bank of India (RBI), is making giant strides in the fight against financial fraud through the promotion of the use of an advanced AI tool called MuleHunter.AI. This technology identifies and flags mule accounts, commonly used in money laundering schemes. The…

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Finfluencer Anupam Gupta Latest Victim Of Loan Fraud, “Being Chased By Mobikwik Agents”

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Finfluencer Anupam Gupta Latest Victim Of Loan Fraud, “Being Chased By Mobikwik Agents”

New Delhi: Identity theft and loan fraud have become a major concern in today’s world with Anupam Gupta, a financial influencer, being the latest victim. His name and address were used to take a loan without his knowledge and he was being “chased by Mobikwik agents” to repay this loan, he said. Though Mobikwik has…

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