Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, and Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU)
The MoU aims to strengthen collaboration in combating cyber-enabled financial frauds and curtailing mule accounts across the banking and digital payments ecosystem
The collaboration focuses on fraud-risk intelligence sharing, analytical support, and operational coordination for strengthening proactive fraud detection and prevention mechanisms
The MoU will feed data from I4C's Suspect Registry to AI-driven fraud detection systems such as MuleHunter.ai™ implemented across banks
RBIH will utilise the datasets for training and enhancement of AI-driven fraud-risk assessment models, including MuleHunter.ai™
I4C operates through platforms including the National Cybercrime Reporting Portal (NCRP) and Suspect Registry intelligence-sharing mechanisms
RBIH is a wholly owned subsidiary of the Reserve Bank of India
The MoU was signed by Smt Roopa M, IG (Admin), I4C and Shri Sahil Kinni, CEO, RBIH
Signing ceremony attended by Shri Rohit Jain, Deputy Governor, RBI; Shri Anand Swaroop, Special Secretary (IS), MHA; Shri Rakesh Rathi, JS (CIS), MHA; Shri Rajesh Kumar, CEO, I4C; and other senior officers from RBI, RBIH and I4C
Union Home Minister Amit Shah stated the initiative will "swiftly detect and cull hidden mule accounts"
The initiative is described as a "next gen shield against cyber crime" for citizens
