RBI Building AI System To Flag Risky Online Payments

The Reserve Bank of India is developing an AI-based system to detect and flag suspicious online transactions in real time. The move aims to prevent fraud, mitigate money laundering risks, and strengthen regulatory oversight. The initiative is part of RBI’s broader strategy to secure digital payments, balance innovation with safety, and deploy technology for supervisory functions. Challenges include ensuring privacy, accuracy, and integration with existing payment infrastructure.