The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen efforts aimed at detecting mule accounts and preventing cyber-enabled financial frauds across the banking and digital payments ecosystem.
The agreement focuses on enhancing cooperation in fraud-risk intelligence sharing, analytical support and operational coordination to strengthen proactive fraud detection and prevention mechanisms.
Union Home Minister Amit Shah said the government is continuously working towards building a cyber-secure India and highlighted the growing challenge posed by mule accounts in financial cyber crimes.
In a post on X, Shah said the collaboration between I4C and RBIH would leverage artificial intelligence to detect and eliminate hidden mule accounts by integrating data from I4C’s Suspect Registry into AI-driven fraud detection systems. He said the initiative would act as a next-generation shield against cybercrime for citizens.
The MoU was signed by Roopa M, Inspector General (Admin), I4C, and Sahil Kinni, CEO of RBIH, in the presence of RBI Deputy Governor Rohit Jain, Special Secretary (Internal Security) Anand Swaroop, Joint Secretary (Cyber & Information Security) Rakesh Rathi, I4C CEO Rajesh Kumar and senior officials from RBI, RBIH and I4C.
Under the agreement, both organisations will collaborate in sharing intelligence related to mule accounts and suspect identifiers from I4C’s Suspect Registry to strengthen AI-based fraud detection systems such as MuleHunter.ai™ implemented across banks.
RBIH will use the shared datasets to train and enhance fraud-risk assessment models, including MuleHunter.ai™, to improve detection of suspicious banking activities and cyber fraud patterns.
The I4C has been actively working to strengthen India’s cybercrime response ecosystem through initiatives such as the National Cybercrime Reporting Portal (NCRP), Suspect Registry and other intelligence-sharing mechanisms.
RBIH, a wholly owned subsidiary of the Reserve Bank of India, has been promoting technology-led innovation in the financial sector through AI-enabled fraud detection frameworks designed to improve the safety and resilience of India’s digital payments ecosystem.