The API Money Laundering Machine: RBI Exposes How Banking Innovation Enabled a Billion-Rupee Crime Network
Every month, hundreds of thousands of legitimate salary transfers flow seamlessly through banking APIs—corporate payroll departments disbursing wages, e-commerce platforms settling vendor payments, gig economy companies compensating workers. The technology enabling these transactions represents one of fintech’s greatest triumphs: automated, large-scale money movement that drastically improved efficiency whilst reducing costs. Yet beneath this veneer of […]








