Mastercard says nine big UK banks, including Lloyds and NatWest, signed up to use its AI-based Consumer Fraud Risk system, trained on years of transaction data (Olivia Solon/Bloomberg) 06-07-2023

Olivia Solon / Bloomberg:
Mastercard says nine big UK banks, including Lloyds and NatWest, signed up to use its AI-based Consumer Fraud Risk system, trained on years of transaction data — Mastercard Inc. is selling a new artificial intelligence-powered tool that helps banks more effectively spot if their customers are trying to send money to fraudsters.