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 also issued some guidelines as security and risk mitigation measures for digital payments, and Uniken’s REL-ID ensures RBI and other statutory guidelines around protecting digital banking assets with security solutions.
Bimal Gandhi, chief executive officer, Uniken Inc said, “Mobile and digital enterprises are constantly exploring options to be ahead of competition by working closely with their customers, partners and employees. Enterprises are enabling seamless access to enterprise applications over the internet and are