Payments giant Mastercard is partnering with an artificial intelligence (AI) firm to combat crypto fraud.
Mastercard plans to integrate its crypto intelligence solution, CipherTrace Armada, with a platform developed by financial risk management solution Feedzai, according to a recent press release.
Feedzai estimates that 40% of scam transactions exit directly from a bank account to a crypto exchange.
The AI risk management firm’s platform, RiskOps, analyzes transaction data and aims to…
