Gadgets: DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions

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DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions

The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to alert users through it...

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