NPCI Launches Pilot AI Model to Detect Fraud

THE National Payments Corporation of India (NPCI) has launched a pilot project to implement a federated AI model in collaboration with four leading banks from both public and private sectors.

- ENS ECONOMIC BUREAU @ Chennai

This initiative aims to enhance fraud detection and risk assessment across the banking ecosystem, according to NPCI chief risk officer Viswanath Krishnamurthy. Addressing reporters, Krishnamurthy explained that under this model, banks will share key insights from their AI-driven fraud detection systems with NPCI. This will enable a comparative analysis of risk scores, fostering a feedback loop between the ban