ReportWire

Tag: Feedzai

  • FIs deploy AI to fight digital-asset related fraud

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    Financial institutions are cautiously deploying AI to crack down on fraud associated with digital assets.  Crypto-related scams, ransomware, darknet markets transactions and money laundering cost financial institutions $154 billion in 2025, a 162% increase from 2024, according to blockchain company Chainanalysis’ Jan. 8 report. Banks are gearing up their infrastructure to help customers transact, store and invest in digital assets, which includes developing better fraud and anti-money laundering processes, Scott Southall, managing director at Citi Services, told FinAi New.  “We’ve seen AI tools being […]

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    Vaidik Trivedi

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  • European Central Bank taps Feedzai’s AI tools for fraud, AML detection

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    The European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro.  The Lisbon-based Feedzai’s proprietary AI model will help the ECB flag money laundering attempts and stop fraudulent transactions, according to an Oct. 2 release. “Each transaction receives a fraud risk score indicating the likelihood of […]

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    Vaidik Trivedi

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