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In its pursuit to secure its digital initiatives, Bank of India has decided to extend Uniken’s REL-ID (Relative Identities) Secure Platform to secure its digital and mobile banking channels globally.
A recent report that was highlighted in the Rajya Sabha, estimated the number of frauds at 1,367 in FY17, and 2,127 in FY18. In 2019, there were 1,477 cases of ATM/debit card, credit card and internet banking frauds. Moreover, payment systems such as UPI/IMPS are likely to register average annualised growth of over 100 per cent, according to Reserve Bank of India’s 2021 vision document. In view of this, RBI has
