RBI Innovation Hub develops continuous-KYC risk platform for digital payments
A Maharashtra official said RBI Innovation Hub is building a payments intelligence platform for risk-based, continuous KYC to identify accounts that later turn into mule accounts amid rising deepfake-enabled identity fraud. No launch timeline was disclosed.
What happened
RBI Innovation Hub is developing a digital payments intelligence platform to enable risk-based, continuous KYC, according to a Maharashtra official. The
Key facts
- 4-5 billion-parameter models
- six-digit events per second
- 67% decline in digital arrests
- three months
What changed
RBI Innovation Hub is developing a digital payments intelligence platform to enable risk-based, continuous KYC, according to a Maharashtra official. The initiative aims to detect accounts that later become mule accounts amid rising deepfake-enabled identity fraud.
Why this matters
Prepare for continuous-KYC requirements by strengthening real-time account monitoring, identity-fraud detection, and mule-account escalation workflows across digital payment journeys.
What to watch
- RBI Innovation Hub pilot announcements, participating-bank names or API/data-sharing specifications.
- RBI circulars linking continuous KYC, mule-account detection, deepfake fraud or payment-account monitoring to formal compliance expectations.
- New requirements for periodic liveness checks, device binding, beneficiary cooling periods or transaction-risk-based reauthentication.
- Bank and payment-aggregator disclosures of increased account freezes, suspicious transaction reports or fraud-loss provisions.
- Industry evidence of false-positive rates, customer complaints and merchant payout delays following enhanced monitoring.