Mastercard (NASDAQ: MA) has joined forces with Feedzai, an AI platform, to combat money laundering and fraud related to digital currencies. Through this partnership, Feedzai will integrate with Mastercard’s CipherTrace Armada financial monitoring tool, providing real-time alerts to digital currency exchanges on suspicious transactions, with a specific focus on mule accounts. The collaboration aims to enhance fraud detection, protect consumers, and identify potential money laundering activities. Feedzai, known for its advanced AI capabilities, scans thousands of transactions in seconds, preventing billions of dollars from falling into the hands of scammers. The partnership addresses a gap in existing fraud detection software, extending monitoring to lesser-known entities in the digital currency space. Mastercard continues to leverage emerging technologies, including AI, to enhance consumer protection and support digital assets. In a related move, Google has also entered the space with an AI-based anti-money laundering service designed to identify transaction anomalies for retail and commercial banking, emphasizing the growing importance of AI-powered fraud detection tools.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}