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

Harnessing Behavioural Science to
Unlock Frictionless Savings for Women

This whitepaper explores how behavioural science can shape digital savings products to boost financial inclusion for rural women. Partnering with the Centre for Social and Behaviour Change at Ashoka University and PayNearby, it identifies savings barriers and recommends innovations like automated savings, tailored goal-setting, and gamification to create a user-centric, sustainable financial experience

Securing the Indian Banking Sector
in the Age of Quantum Computing

This whitepaper explores the migration to Post-Quantum Cryptography, detailing vulnerabilities in classical cryptography and measures for Indian banks. It explores the proposed PQC solutions, outlines a migration strategy to ensure a smooth transition, and highlights challenges and opportunities for Indian banks in securing systems against quantum threats.

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