TRAI’s MNRL technology is a new way to deal with financial fraud.
The Reserve Bank of India i.e. RBI has recently instructed banks to use the MNRL list of the Telecom Regulatory Authority of India (TRAI) available on the Digital Intelligence Platform by March 2025. This will enhance the risk of fraud and increase prevention. According to the news of the Economic Times, this technology developed by the Ministry of Communications can prevent bank accounts from being operated as money mules and/or involvement in/or cyber fraud.
Central bank accepted
According to the news, RBI says that mobile number can be misused online and other frauds. The central bank also admitted that the mobile number one has emerged as a ‘omnipotent identifier’. It can be misused by fraudsters to make different types of online and other frauds. In such a situation, TRAI’s MNRL technology can help a lot. The RBI has also described the increase in fraud as a matter of serious concern. The customer’s mobile number becomes a source of certification of OTP, transaction alert, account update etc.
What is this MNRL technology
TRAI’s MNRL technology is a new way to deal with financial fraud. Especially to deal with fraud associated with mobile number and money mule. The purpose of this instruction is to increase the security of digital transactions and prevent misuse of mobile numbers in fraud activities. MNRL is essentially a list of information about mobile numbers that have been permanently disconnected or rejected.
There are numbers in this list that were obtained using fake or fake documents. Cyber crime or financial fraud. Reports reported by citizens and failed to reverification. Discoured by telecom service providers due to fraud analysis. Reports were reported for misuse by other organizations and remained inactive for a long time.
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