Decision Intelligence Pro fraud detection
Mastercard
Generative AI techniques added to Mastercard’s real-time transaction scoring to predict whether a transaction is genuine.
- Industry
- Financial services
- Function
- Classification
- Dated
- 1 February 2024
- Source type
- company press release / blog
Measured effect, as reported
“Initial modelling shows AI enhancements boost fraud detection rates on average by 20% and as high as 300% in some instances.”
Wording checked against the source page (web reader (page blocks automated download)).
Evidence strength. Company’s own modelling before launch. A projection, not a measured result in production.
This use case is not part of the AI Dividend Index and does not change it.
Source
Mastercard: Mastercard supercharges consumer protection with gen AI (opens in a new tab)
https://www.mastercard.com/news/press/2024/february/mastercard-supercharges-consumer-protection-with-gen-ai