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Today: Jun 13, 2024

Mastercard unveils Gen AI tool, safeguarding consumers with advanced technology.

1 min read

TLDR:

Mastercard has launched Decision Intelligence Pro (DI Pro), a Gen AI-powered transaction risk assessment tool designed to protect consumers from fraud. DI Pro assesses the relationships between multiple entities surrounding a transaction and scans one trillion data points in real-time to predict the likelihood of a genuine or false transaction. Initial modelling shows that AI enhancements can increase fraud detection rates by 20% on average, and up to 300% in some cases. The tool aims to reduce false positives by more than 85% and will be available for banks and financial institutions later in 2024.

Key elements:

  • Mastercard has launched Decision Intelligence Pro (DI Pro), a transaction risk assessment tool powered by Gen AI.
  • DI Pro assesses the relationships between multiple entities surrounding a transaction and scans one trillion data points in real-time.
  • Initial modelling shows that AI enhancements can increase fraud detection rates by up to 300%.
  • The tool aims to reduce false positives by more than 85%.
  • DI Pro will be available for banks and financial institutions later in 2024.

Mastercard has launched Decision Intelligence Pro (DI Pro), a Gen AI-powered transaction risk assessment tool designed to protect consumers from fraud. DI Pro assesses the relationships between multiple entities surrounding a transaction and scans one trillion data points in real-time to predict the likelihood of a genuine or false transaction. Initial modelling shows that AI enhancements can increase fraud detection rates by 20% on average, and up to 300% in some cases. The tool aims to reduce false positives by more than 85% and will be available for banks and financial institutions later in 2024.