Paytm Payments Bank Ltd Implements Artificial Intelligence To Identify Fraudulent Transactions

Paytm Payments Bank Ltd Implements Artificial Intelligence To Identify Fraudulent Transactions

Paytm Payments Bank Ltd has said that it has launched new feature which analyses “rogue” apps on user devices that may trigger fraudulent transactions and advises users to uninstall such apps.

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It is also leveraging artificial intelligence to immediately identify and block suspicious activities and is undertaking periodic awareness drives in India to educate users about fraud calls and SMSes.

Urban Cooperative Banks (UCBs) have reported approx 1,000 cases of fraud worth more than ₹220 Crores in the last five fiscals, according to the Reserve Bank of India. The central bank said a total of 181 fraud cases involving ₹127.7 crore were noticed during 2018-19.

South Indian Bank has raised ₹500 crore by issuing Basel III-compliant AT 1 Bonds. The bank issued 50,000
13.75% non-convertible, fully paid-up, unsecured, perpetual, Basel III-compliant Tier-1 bonds in the nature of debentures with an issue size of Rs 500 crore, the bank said in a regulatory filing.

To View The Complete Information, Compiled by Canara Bank Officers’ Union Team Kerala- affiliated to All India Bank Officers’ Association

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