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AI in banking News

NPCI and Banks Collaborate on AI-Driven Initiative to Combat UPI Fraud in India

Olivia Carter 03 Apr, 2025

The National Payments Corporation of India (NPCI) and banks are testing a 'federated model' using AI to combat UPI fraud, following a record 18.3 billion transactions in March. Lea...

Business

NPCI Innovates with Federated AI Model to Combat UPI Fraud in India

Ryan Peterson 03 Apr, 2025

NPCI is testing a 'federated model' with banks to reduce UPI fraud using AI and ML, aiming to combine transaction and demographic data for better fraud detection. The initiative re...