Mastercard has announced a new partnership with AI firm Feedzai to enhance its ability to detect and prevent fraud in cryptocurrency exchanges. The integration will involve Feedzai’s software being integrated with Mastercard’s CipherTrace Armada platform, which allows banks to monitor transactions from thousands of crypto exchanges for fraudulent activities. Feedzai’s AI-powered software can quickly identify and block suspicious transactions, providing increased fraud detection and protection for consumers. This collaboration comes as Mastercard continues to expand its presence in the Web3 space and cryptocurrencies, having launched crypto-based Mastercards in partnership with major exchanges like Nexo and Binance. Additionally, Mastercard has been involved in trials for central bank digital currencies (CBDCs) on blockchains, including a successful attempt with the Reserve Bank of Australia.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Nuno Sebastio
Companies	Digital Finance Cooperative Research Centre CBDC, Binance, Cuscal, CipherTrace Armada, Mastercard, Mintable, Feedzai, Nexo, Reserve Bank of Australia (RBA)
Currencies	None
Securities	None