Small banks to benefit from MuleHunter.AI

Reserve Bank of India’s (RBI) AI-powered solution, MuleHunter.AI, is set to significantly benefit smaller banks, including small finance banks, cooperative banks, and rural banks, in their fight against mule account frauds. Unlike larger banks that already possess advanced systems for the rapid detection of such accounts, smaller banks often lack the resources to develop similar infrastructure. MuleHunter’s artificial intelligence (AI) and machine learning capabilities will now give these banks a critical edge in efficiently identifying fraudulent accounts.