Mastercard has announced a collaboration with Feedzai to support global financial institutions in detecting and stopping AI-powered scams through real-time fraud intelligence.
The company will integrate Feedzai’s Financial Crime Prevention platform with its own Consumer Fraud Risk (CFR) solution, enabling institutions involved in account-to-account (A2A) payments to intercept fraudulent activity before it reaches customers. Mastercard confirmed that since CFR went live in the United Kingdom in 2023, the value of authorized push payment (APP) scams dropped by over 12%.
Scam fraud surpassing the GDP of many individual economies
Johan Gerber, executive vice president, head of security solutions at Mastercard, commented, “With more than half the world’s population affected, the scale of scam fraud is not only having a devastating impact on consumers, but also surpassing the GDP of many individual economies. Together with Feedzai’s global platform we will scale our first-of-its-kind scams solution to more markets, helping more financial institutions combat financial crime faster than before.”
Feedzai’s fraud prevention software uses artificial intelligence to process $8 trillion in payments annually, protecting over one billion consumers in more than 90 countries. The platform is designed to identify fraudulent behavior patterns and anomalies in real time, offering early detection and intervention across various digital payment flows.
Mastercard and Feedzai said the partnership comes as scammers increasingly adopt generative AI tools to deceive individuals into authorizing fraudulent transactions. The Mastercard-Feedzai integration is positioned to accelerate adoption of scam prevention solutions in key markets where A2A transactions are growing. The companies did not specify which countries will be next in line for deployment but noted expansion plans are underway.
Feedzai launched The Trust Framework
Feedzai recently launched The TRUST Framework, a structured approach designed to support businesses in developing ethical and secure AI solutions. The framework provides organizations with a blueprint for ensuring fairness, transparency, and accountability in artificial intelligence applications.
The TRUST Framework consists of five core pillars: transparency, robustness, unbiased decision-making, security, and continuous testing. These principles guide companies in designing AI systems that provide clear explanations for decisions, mitigate biases, and maintain high performance across different environments.
Feedzai’s approach focuses on embedding responsible AI practices into every stage of the development lifecycle. The framework establishes clear guidelines for data traceability, real-time monitoring, and user interaction, ensuring that AI-driven decisions remain transparent and adaptable to evolving regulatory standards.
The company has positioned The TRUST Framework as a solution for financial institutions, fintech firms, and other businesses integrating AI into risk management and fraud prevention. Feedzai continues to advance AI governance models that prioritize security and accountability while supporting business innovation.
Feedzai’s offers AML, risk management, biometrics solutions
Feedzai provides an AI-powered platform designed to prevent fraud and financial crime across various sectors, including financial services, retail, and e-commerce. Their solutions utilize advanced machine learning to analyze large datasets, identifying and mitigating risks in real-time. Key offerings include:
Transaction Fraud Prevention: Feedzai’s platform monitors and analyzes transactions to detect and prevent fraudulent activities, ensuring secure and seamless payment experiences.
Anti-Money Laundering (AML): The company offers AML transaction monitoring, watchlist screening, and Know Your Customer (KYC) solutions to help organizations comply with regulatory requirements and prevent illicit activities.
Risk Management for Acquirers: Feedzai provides tools for merchant acquirers to manage fraud risk, monitor merchant activities, and offer value-added services to their clients.
feedzai.com
Behavioral Biometrics: The platform incorporates behavioral biometrics to enhance security measures, analyzing user behavior patterns to detect anomalies and potential threats.
Feedzai’s solutions are trusted by global financial leaders and have been recognized as a leader in various financial crime prevention segments. The platform processes billions of events annually, securing trillions of dollars in payments and protecting consumers worldwide.
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