Reserve Bank Innovation Hub

Frictionless Finance for a Billion Indians™

What is Frictionless Finance?

Key Projects

Unified Lending Interface (Previously known as PTPFC)

The Unified Lending Interface (ULI) is a revolutionary credit Digital Public Infrastructure (DPI), conceptualised by RBI, and designed and developed by RBIH. The mission of ULI is to enable frictionless access to credit for individuals and businesses by facilitating the seamless flow of authenticated data and allied services to all lenders through one platform.

MuleHunter.ai™

Money mules are a complex web of bank accounts used by criminals to launder the proceeds of financial fraud to evade detection by law enforcement authorities. MuleHunter.ai is an AI/ML-based solution, conceptualised, designed and developed by RBIH to detect mule accounts more accurately and efficiently than current static rule-based systems.

Fintech and Startup Acceleration (FAST)

The Fintech and Startup Acceleration Program aims to democratise Fintech entrepreneurship across India by encouraging localised solutions and fostering a vibrant fintech ecosystem fueled by collaborative innovation.

The Swanari™ Program

The RBIH Swanari program has been set up with the goal of enabling Frictionless FinanceTM for all women in India by building innovative gender-intentional solutions that address the unique financial challenges faced by women across India.

Key Projects

Unified Lending Interface (Previously known as PTPFC)

MuleHunter.ai™

Fintech and Startup Acceleration (FAST)

The Swanari™ Program

DesignShaala™

As financial products evolve, understanding real user behaviours and aspirations become critical. RBIH DesignShaalaTM places human needs at the core of financial innovation- using immersive field research and human-centered design to ensure solutions resonate with diverse segments of India’s billion-strong population, including Gen-Z, gig workers, women in SHGs, small businesses and farmers.

What’s New

Resources

Bridging Trust and Technology:
Fostering FinTech Innovation in India's North East Region

Despite improvements in banking penetration and digital connectivity, the FinTech ecosystem in India’s North Eastern Region (NER) remains underdeveloped. At approximately INR 193 billion, the total estimated credit gap in the NER in priority sectors indicate the massive opportunity for FinTech innovation in the region. This report explores the challenges and opportunities in building a thriving FinTech ecosystem in the NER.

She Saves, She Thrives
Understanding Women's Behaviours in Savings

This report examines the savings habits of low-income women in India, highlighting barriers to formal finance and opportunities for tailored solutions. Despite high bank account ownership, women prefer informal savings like gold and chit funds. By mimicking informal savings models with social elements, banks can enhance women’s formal savings while growing their deposits.

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