Tag: fraud risk management

Over 10 Lakh Fraudulent Bank Accounts Frozen Using Financial Fraud Risk Indicator

Aug 7, 2025

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by

admin@thebankingtimes.in

in Banking

The Financial Fraud Risk Indicator (FRI), developed by the Department of Telecommunications, has become a powerful tool in India’s fight against digital financial fraud. FRI flags mobile numbers as high-risk to alert banks and upi apps The Financial Fraud Risk Indicator (FRI) classifies mobile numbers based on their potential risk into Medium, High, or Very…