Feb 1, 2024, 6:00 AM
Feb 1, 2024, 6:00 AM

Mastercard says it can boost fraud detection by up to 300% by using a generative artificial intelligence model

CNBC
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Source
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%

Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions. Mastercard says it can boost fraud detection by up to 300% by using a new model. Payments giant says it has built a model that can help its network detect fraud by 300%.

CNBC
/
Source
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%

Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions. Mastercard says it can boost fraud detection by up to 300% by using a new model. Payments giant says it has built a model that can help its network detect fraud by 300%.

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