Mastercard will combine its crypto intelligence solution with Feedzai’s RiskOps platform in order to identify fraudulent transactions before they occur.
Payments giant Mastercard has agreed to combine its anti-financial crime technology with Feedzai’s financial crime and risk management solution in order to increase vigilance and protect customers from financial fraud.
Fraudulent transactions identified
As per a recent report by Feedzai, as much as 40% of scam transactions are out of a bank account and into a crypto exchange. It is for this reason that Feedzai has agreed to the integration of Mastercard’s Cypher Armada into its own RiskOps platform, thereby enabling banks to be alerted immediately when any particular transaction appears to be fraudulent.
According to a press release from Feedzai, this new solution will protect 900 million consumers worldwide, allowing a fraudulent transaction to be prevented before it even happens.
A global partnership
Nuno Sebastião, CEO of Fee
We współpracy z: https://cryptodaily.co.uk/2023/11/mastercard-partners-with-feedzai-for-better-crypto-risk-management
