European Central Bank taps Feedzai’s AI tools for fraud, AML detection

Date:

Share post:


The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro.  The Lisbon-based Feedzai’s proprietary AI model will help the ECB flag money laundering attempts and stop fraudulent transactions, according to an Oct. 2 release. “Each transaction receives a fraud risk score indicating the likelihood of […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

US Regulators Target Goliath Ventures In Alleged Crypto Ponzi Scheme

Federal market regulatory authorities in the US including the SEC and CFTC have escalated their response to...

AI Makes Building Easy. Choosing What to Build Is Harder.

AI tools are powerful enough to make solo-founding increasingly viable, and allow innovators with no technical skills to create...

If I Could Invest $1,000 in Just 1 ETF in August, I’d Pick This Clear Standout Over the Vanguard S&P 500 ETF (VOO)

Earlier this year, the Vanguard S&P 500 ETF became the first exchange-traded fund (ETF) to surpass $1 trillion...

What is it like to study International Business Management at Uni?

Join Kat as she takes us through a day in her life as a final year International Business...