False Positives / Data Bias: If mobile numbers are wrongly flagged (e.g. recycled SIMs), customers may face unfair friction. Privacy & Consent: Cross-sharing of telecom and banking data must be ...

The RBI has directed all banks to integrate the Financial Fraud Risk Indicator (FRI) developed by the DoT, to combat rising ...

The FRI was developed by DoT’s Digital Intelligence Unit (DIU) and launched in May 2025 as a real-time, mobile-number-based ...

Non-bank lender Thinktank has announced a new partnership with Fortiro, a document verification and fraud detection firm, to ...

Security: Businesses can take preventative actions like rejecting transactions that pose a high risk, warning clients, or ...

This tool enables banks, NBFCs, and UPI platforms to take preemptive steps by focusing their attention on mobile numbers with ...

The RBI has directed all banks to integrate the Department of Telecommunications’ Financial Fraud Risk Indicator, a tool ...

As more financial institutions incorporate FRI into their systems, the technology is positioned to become an industry ...

SBI cites fund diversion and audit red flags as it reclassifies RCom loan as fraud under RBI’s updated risk framework ...

India is stepping up its fight against cyber-enabled financial fraud with a new directive from the Reserve Bank of India (RBI ...