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RBI Building AI System To Flag Risky Online Payments
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RBI Building AI System To Flag Risky Online Payments
With an eye on curbing online frauds, the Reserve Bank of India is developing an AI-powered fraud detection platform to flag “risky” online transactions. “There is a new offering in the experimental stage. We are making software which will caution users against risky transactions. We are working on this,” RBI governor Sanjay Malhotra said during a press briefing after the monetary policy committee (MPC) meeting yesterday. Deputy governor T Rabi…
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