<h1>Bank deploys real-time fraud monitoring with automated transaction blocks, IVR contact, AI AML and profiling risks</h1> A public sector bank has implemented a real-time Enterprise Fraud Risk Management platform, integrated by an implementation partner and sourced from a fintech/regtech vendor, to monitor millions of digital transactions and automatically block or decline high-risk activity while triggering rapid customer contact via IVR, SMS, WhatsApp or email. The system closes alerts based on customer IVR responses and will be augmented with AI-driven AML and behavioral profiling tools, two-/multi-factor authentication, and device fingerprinting. Legal issues include compliance with RBI fraud-risk and AML obligations, data protection and privacy law constraints on automated decision-making and customer communications, vendor-management and outsourcing liabilities, and risks from false positives and procedural fairness in transaction denials.