NPCI turns to AI to stop frauds from siphoning off money
- Posted on June 29, 2026
- By Business News Today
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- 1 min read
NPCI turns to AI to stop frauds from siphoning off money
India's banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has initiated a pilot for an AI model that can detect and track stolen money in real-time as it moves across bank accounts. This innovative technology aims to intercept fraudulent transactions before funds vanish, significantly reducing losses for victims and bolstering the security of digital payments across the nation.
