2024-02-02 15:31:07.AIbase.5.2k
Mastercard Launches New AI Model 'Decision Intelligence Pro' to Enhance Fraud Detection in Networks
Mastercard Inc. joins the generative AI race and has developed its own model to help numerous banks within its network detect fraud. The newly launched AI model, known as 'Decision Intelligence Pro', reportedly increases the fraud transaction detection rate by up to 300% compared to previous models. The model takes into account the cardholder's merchant history to assess whether a transaction aligns with their typical behavior patterns, completing the entire process in approximately 50 milliseconds.
