US EditionECB picks AI startup to prevent digital euro frauds
5 Articles
5 Articles
Portuguese technology Feedzai will play a central role in preventing fraud in the digital euro after being selected by the European Central Bank as the main supplier.
ECB taps AI startup to combat fraud in digital euro rollout - Cryptopolitan
The European Central Bank (ECB) on Thursday chose Portugal-based startup Feedzai to help with fraud detection and prevention for the bank’s digital euro. The financial institution has awarded about five tenders in connection with the planned launch of the digital euro. ECB introduced its central bank digital currency (CBDC) project in 2021, with its launch expected in 2029. The bank acknowledged that the awarding of the tenders signals the launc…
The European Central Bank (ECB) has selected a Portuguese artificial intelligence startup to build a fraud prevention system for its planned digital euro under a framework contract worth 237.3 million euros, Reuters reports.
ECB Selects AI Firm to Tackle Digital Euro Fraud Risks
The European Central Bank (ECB) has chosen Portuguese artificial intelligence firm Feedzai to design fraud detection systems for its upcoming digital euro, marking a major step toward safeguarding Europe’s future digital currency. The ECB views the digital euro as essential for the eurozone’s financial independence, reducing reliance on U.S. payment giants like Visa and Mastercard, […] The post ECB Selects AI Firm to Tackle Digital Euro Fraud Ri…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
