RBI chose six businesses from the fourth cohort of RS to test anti-fraud solutions

Current Context: The Reserve Bank of India (RBI) chose six businesses for the Test Phase of the 4th cohort of the Regulatory Sandbox (RS) on the theme of "Prevention and Mitigation of Financial Frauds" from nine applicants on January 5, 2023.

• Beginning in February 2023, the chosen firms will start testing their goods against anti-fraud solutions. In June 2022, the fourth cohort under RS was revealed.
• Firms and their products:
• Bahwan Cybertek
• Product: rt360 Real Time Monitoring System
• Crediwatch Information Analytics
• Product: Crediwatch EWS
• enStage Software Private Limited (Wibmo)
• Product: Trident FRM
• HSBC in collaboration with Wibmo
• napID Cybersec
• Product: napID Fraud Filter Layer
• Trusting Social
• Product: Trusting Social CI & AV
• Regulatory Sandbox (RS):
• The RS was created on August 13, 2019, in accordance with the Working Group on the Financial Stability and Development Council's Subcommittee on FinTech and Digital Banking (FSDC-SC).
• It alludes to the live testing of novel goods or services in a supervised, regulated setting. This allows for the field testing of the benefits and downsides of the newest financial advances.
• The previous four cohorts under RS were: (1) retail payments (2) cross-border payments (3) lending to MSME (4) Financial Fraud Prevention and Mitigation.
• In September 2022, RBI will reveal the fifth cohort under RS, which will have the subject "Neutral."

Question: 

Q.1 What is the theme of the 4th cohort of the Regulatory Sandbox (RS) by RBI?
a. Preventing financial frauds
b. Prevention and Mitigation of Financial Frauds
c. A new way to prevent frauds
d. Being Neutral