Union Government comes up with an AI-based app that helps prevent potential financial risks online

When run on a pilot basis with SBI and PhonePe, the Financial Fraud Risk Indicator has successfully blocked two lakh high-risk transactions in two weeks with 99% predictability, says Union Minister Pemmasani Chandra Sekhar, adding that it will soon be deployed in all financial institutions

​When run on a pilot basis with SBI and PhonePe, the Financial Fraud Risk Indicator has successfully blocked two lakh high-risk transactions in two weeks with 99% predictability, says Union Minister Pemmasani Chandra Sekhar, adding that it will soon be deployed in all financial institutions