Mastercard has launched a new AI model called "Decision Intelligence Pro" designed to improve the bank's fraud detection capabilities. This model uses the cardholder's merchant historical data to complete the prediction of fraudulent transactions in about 50 milliseconds. It is said that its fraudulent transaction detection rate can increase by up to 300%. The launch of this technology is the result of Mastercard's five years of continuous investment in cybersecurity and AI technology, with a total investment of more than US$7 billion, marking another important breakthrough in the field of financial technology.
Mastercard recently announced the launch of a new AI model called "Decision Intelligence Pro" designed to help banks within the network detect fraud. This model can increase the detection rate of fraudulent transactions by up to 300% compared to previous models. The cardholder's merchant history is used to make predictions and the entire process is completed in about 50 milliseconds. Mastercard has been working on cybersecurity and AI technology over the past five years, investing more than $7 billion.
Mastercard’s “Decision Intelligence Pro” model demonstrates the huge potential of AI technology in improving financial security. Its efficient detection speed and significant improvement rate are worthy of attention. In the future, similar AI technology will be applied in more fields, further promoting the development of financial technology.