MuleHunter.AI: Combating the Issue of Mule Accounts
On 6th December 2024, the Reserve Bank of India (RBI) announced that it has created an AI-powered model called MuleHunter.AI, which could reduce digital fraud by helping banks deal with the increasing problem of “mule” accounts.
About MuleHunter.AI
Developed By: Reserve Bank Innovation Hub (RBIH), Bengaluru.
Mode of Working
- AI/ML-based Solution: RBIH developed this in-house AI/ML-based solution which is better suited than a rule-based system to identify suspected mule accounts.
- 19 Distinct Patterns: The system was developed after 19 distinct patterns of mule account activity were analysed in collaboration with multiple banks.
- Machine Learning: MuleHunter.AI uses machine learning to quickly and accurately ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Accredited Investors Only Fund
- 2 ‘Tex-RAMPS’ Scheme
- 3 Credit Guarantee Scheme for Exporters
- 4 National Industrial Classification (NIC) 2025
- 5 Inland Vessels (Special Category Vessels: LNG/CNG, Battery, Methanol & Hydrogen Fuel) Rules, 2025
- 6 SEBI Committee on Strengthening Ethical Governance and Conflict-of-Interest Framework
- 7 Capital Gains Accounts (Second Amendment) Scheme, 2025
- 8 RBI Guidelines on Digital Banking Channels
- 9 KOYLA SHAKTI Dashboard and CLAMP Portal
- 10 Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets
