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Feedzai and Mastercard Partner to Strengthen Crypto Fraud Protection for Consumers

CryptoFeedzai and Mastercard Partner to Strengthen Crypto Fraud Protection for Consumers

Feedzai, a financial crime and risk management solution, is partnering with Mastercard to enhance crypto fraud protection for consumers. Currently, around 40% of scam transactions flow directly from bank accounts to crypto exchanges. Addressing the challenge of monitoring cryptocurrency effectively, Feedzai and Mastercard will integrate Mastercard’s crypto intelligence solution, Ciphertrace Armada, into Feedzai’s RiskOps platform. RiskOps analyzes transaction data exceeding $1.7 trillion annually and uses AI-based solutions to detect and prevent fraud. The collaboration enables Feedzai’s customers, protecting over 900 million consumers globally, to identify and prevent transactions involving fraudulent crypto exchanges in real time. This partnership aligns with Mastercard’s commitment to preventing fraud and reinforces trust in the crypto ecosystem.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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