Credit Information Bureau (India) Limited and TransUnion announced the launch of CIBIL Detect to enhance collaboration and Fraud information sharing across banks and financial institutions. CIBIL Detect, India’s first centralized repository provides information on confirmed frauds, cases of misuse or attempted misuse of data, and suspected or high-risk cases that are under investigation. It also contains information on high-risk vendors and agents; which credit grantors can share and access. It also keeps track of modus operandi of individuals who have committed banking-related frauds in the past.