I4C–RBIH MoU to Strengthen AI-Driven Fight Against Cyber Financial Frauds

The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) signed an MoU to strengthen coordination in combating cyber-enabled financial frauds and curbing mule accounts across India’s banking and digital payments ecosystem.

About the MoU

¨     The MoU focuses on fraud-risk intelligence sharing, analytical support, and operational coordination to strengthen proactive fraud detection and prevention mechanisms.

¨     Under the agreement, I4C will share intelligence related to suspected mule accounts through its Suspect Registry with AI-driven fraud detection systems such as MuleHunter.ai™ deployed across banks.

¨     RBIH will use these datasets to train and improve AI-based fraud-risk assessment models for early detection of suspicious financial transactions.

¨     The collaboration aims to enhance real-time fraud monitoring, reduce financial fraud losses, strengthen coordination between law enforcement agencies and financial institutions, and improve trust in India’s rapidly expanding digital payments ecosystem.

About the Indian Cyber Crime Coordination Centre (I4C)

¨     It is an initiative of the Ministry of Home Affairs (MHA) to tackle cybercrime in a coordinated and comprehensive manner across the country.

¨     The I4C scheme was approved on 5 October 2018 and was dedicated to the nation on 10 January 2020 by Union Home Minister Amit Shah.

¨     It works to improve coordination among Law Enforcement Agencies (LEAs), strengthen India’s cybercrime response architecture, and enhance citizen satisfaction in cybercrime grievance redressal.

¨     I4C operates key platforms such as the National Cybercrime Reporting Portal (NCRP) and maintains intelligence databases like the Suspect Registry. It was upgraded as an Attached Office of the MHA with effect from 1 July 2024.

Reserve Bank Innovation Hub (RBIH)

¨     Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India, established in March 2022 to promote innovation and digital transformation in India’s financial sector.

¨     Headquartered in Bengaluru, RBIH functions as a Section 8 company with an initial capital of ₹100 crore.

¨     It focuses on developing, prototyping, and scaling technology-driven solutions to promote financial inclusion, secure digital payments, and innovation in banking services.

¨RBIH has been actively supporting AI-based fraud detection systems, including MuleHunter.ai™, to strengthen the resilience and security of India’s digital payments ecosystem.