The pilots for MuleHunter.AI have been successful, says Swaminathan

The Reserve Bank of India (RBI)’s Deputy Governor Swaminathan J on Wednesday said that the pilots for Mule Hunter conducted with large banks have been highly successful and the outcomes have become almost real time.

During the monetary policy press meet, Swaminathan responded to a question on whether Mule Hunter is helping against digital frauds and said, “The pilots for Mule Hunter done for large banks have been highly successful. The outcomes are almost real time and the models have proved to be effective, but these AI/ML-based models need more data to digest and become more successful. So, we will take this pilot into production as quickly as possible.”