RBI-backed DPIP launches Smart Registry with eight banks, targets broader fraud-data network
DPIP’s Smart Registry is live with eight banks for shared fraud intelligence in onboarding and account checks. The platform aims to add 25 banks within two months and 15 major payment aggregators by January 2027; real-time transaction scoring remains in user acceptance testing.
What happened
Digital Payments Intelligence Platform (DPIP) · RBI-backed DPIP’s Smart Registry has gone live with eight banks, enabling shared fraud intelligence for
Key facts
- 8 banks live from September 1
- 4 initial use cases
- 25 additional banks expected within 2 months
- 15 top payment aggregators targeted by end-January
- approximately 80% payment-volume coverage targeted
What changed
RBI-backed DPIP’s Smart Registry has gone live with eight banks, enabling shared fraud intelligence for onboarding and account checks. It plans to add 25 banks and 15 payment aggregators, while Phase 2 will provide real-time risk scores for digital transactions.
Why this matters
Smart Registry’s eight-bank launch signals a growing shared-defense layer for onboarding and account checks, making fraud-data connectivity an increasingly important operational requirement for payment and retail finance teams.
What to watch
- Whether the platform reaches 25 additional bank integrations within the stated two-month target window.
- Production launch timing, latency and measured precision of real-time transaction scoring after UAT.
- Evidence of reductions in mule-account creation, account-opening fraud, beneficiary fraud or fraud losses among the first eight banks.
- Adoption by systemically important banks, large private banks and high-volume payment aggregators rather than only smaller participants.
- RBI or DPIP guidance on data-sharing permissions, customer consent, privacy safeguards, auditability and liability for false-positive decisions.