Paytm Payments Bank Ltd implements AI to identify fraudulent transactions

Paytm Payments Bank Ltd (PPBL) has added a new feature of artificial intelligence that analyses “rogue” apps on user devices that may trigger fraudulent transactions and advises users to uninstall such apps. No transactions will be possible until the user uninstalls that fraudulent app.

The bank has a dedicated team of over 200 cybersecurity experts to ensure round-the-clock security of every user transaction. The teams closely work with all State and Central police forces and cyber cells as well as telecom companies to detect, prevent and report fraudulent transactions for immediate action.

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