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

This supplementary tool enhances the overall fraud prevention framework by providing additional context for risk assessment.

"DoT remains committed to supporting banks and financial institutions in their efforts to combat cyber-enabled fraud by deploying technology-led, nationally coordinated solutions like the ...

All banks have been advised to prevent cyber frauds by employing the Department of Telecommunications (DoT) real-time, risk-based metric — Financial Fraud Risk Indicator (FRI) — which would ...

Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in ...

RBI advises banks to integrate Financial Fraud Risk Indicator tool to prevent online fraud, enhancing cybersecurity in India.

RBI pushes for real-time cyber fraud checks with DoT’s risk indicator This tool enables banks, NBFCs, and UPI platforms to take preemptive steps by focusing their attention on mobile numbers ...

Department Of Telecommunications: The Reserve Bank of India calls for banks to integrate the Financial Fraud Risk Indicator tool from the Department of Telecom to enhance the detection of online ...

Banks and financial institutions are now required to integrate the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) into their systems.

Union Government comes up with an AI-based app that helps prevent potential financial risks online. When run on a pilot basis with SBI and PhonePe, the Financial Fraud Risk Indicator has ...

The Financial Fraud Risk Indicator (FRI) tool enables banks and financial institutions to assess the risk of financial fraud associated with mobile numbers in real-time.