Fraud leaves a signal before it leaves headlines.
A Step Ahead of
Mule Rings
Turns out, onboarding data can already give
you a head start of months on fraud hotspots.
Most teams just aren’t reading into it.
Quarterly Signal Built From
KYC Rejection Data.
This report processes the KYC data collected from leading financial institutions.
Each quarter, we map which districts show signs of fraud and mule-account activity, earlier than the enforcement or media reports it.
From Reactive to Proactive
Current systems saved ₹9,055 crore and froze 26.48 lakh
mule accounts. A significant feat.But by this time, the fraud rings have already moved on to run the same operation somewhere else. VKYC onboarding data is a strong proxy to predict those upcoming mule and fraud hotspots.
Early signals and patterns
Our analysis flagged Malappuram, 2 months before Operation Cy-Hunt and Varanasi,
1 month before Operation Mule, amongst
many other hotspots.
Migration, not reduction
of fraud
The patterns reveal that when
enforcement clamps down in one district,
fraud doesn't stop, it often moves next
door or emerges back later.
Where is the next hotspot forming?
Emerging fraud signals are already
visible in 10 districts that have not yet
appeared on the enforcement radar.