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Cyber frauds in India have increased in the last few years and the government is looking to use AI to stop the menace.
Mulehunter AI has been developed in-house by RBI
Cyber frauds have become a serious concern and the Indian government is worried that crores are being stolen from innocent victims which has been a nightmare for millions. The rise of digital payments has somewhat catapulted this threat.
And the Centre is now looking to fool-proof these attacks with the help of AI and a tool that has been developed by the Reserve Bank of India called MuleHunter.ai which Union Minister Amit Shah has sought to be fully adopted by banks to battle the cyber frauds and put an end to the misery of many.
MuleHunter AI To The Rescue
MuleHunter AI was introduced back in December, 2024 by the Reserve Bank of India through its subsidiary called Reserve Bank Innovation Hub (RBIH). This is an advanced AI-based software that has been designed to detect mule accounts in banks that are either being used to launder money or to commit cyber frauds.
The RBI governor had previously claimed that the AI software was helping them detect 20,000 mule accounts every month, and Shah now wants that number to significantly go up, as all banks are fully expected to adopt the AI software into their system.
The initial phase of the rollout for MuleHunter AI was looking to have 20 banks use the software and now Shah has basically raised the bugle to increase its adoption to stop these attacks on people.
How It Works
The MuleHunter AI software has been trained with datasets to analyse the account activities and patterns that allows them to quickly identify the real and mule accounts. The software has been trained to understand the traits of mule accounts which makes it easier to detect the culprits and flag them to the system before it creates issues for people.
Having the AI software built in-house allows the RBI to have designed privacy and security traits into the platform which keeps it secure from possible bad actors.
Delhi, India, India
February 11, 2026, 16:05 IST
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