Financial Fraud Risk Indicator

Source:  BS Context: The Reserve Bank of India (RBI) has advised all banks to integrate the Financial Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT). About Financial Fraud Risk Indicator: What is FRI? The Financial Fraud Risk Indicator (FRI) is a risk-classification system designed to flag mobile numbers linked to financial fraud. …

Financial Fraud Risk Indicator (FRI)

Context: The Department of Telecommunications (DoT) launched the Financial Fraud Risk Indicator (FRI) to combat mobile-based cyber fraud. About Financial Fraud Risk Indicator (FRI): What is FRI? FRI is a multi-dimensional analytical tool that flags mobile numbers based on their likelihood of being involved in financial fraud. Launched By: Developed and introduced by the Department …