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.

Resources

At the Helm:
Women Entrepreneurs Transforming Middle India

This RBIH white paper examines the rising influence of women entrepreneurs in Tier 2 and Tier 3 cities across India. Based on insights from 300 women, it explores issues ranging from socio-economic dynamics to access to capital. The report highlights how these entrepreneurs are driving local growth, fostering innovation, and reshaping Middle India’s economic future.

Digital Innovation for SHGs:
An RBIH Initiative for the Last Mile

The RBIH-Swanari program recognises the pivotal role that Self Help Groups (SHGs) play in the financial inclusion and economic empowerment of over 10 crore women in India. This whitepaper outlines the details of the research, product and process innovation of RBIH’s Digital SHG project, conceptualised and designed in partnership with Canara Bank – our first implementation partner.

What’s New

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