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On November 20, according to CNBC, Mastercard has announced its collaboration with the regulatory technology platform Feedzai, aimed at utilizing artificial intelligence to combat online money laundering and financial fraud. The partnership focuses on detecting and preventing fraudulent activities through cryptocurrency trading platforms. Through this collaboration, Feedzai will be directly integrated into Mastercard's CipherTrace Armada platform, which assists banks in monitoring transactions from over 6,000 cryptocurrency trading platforms to detect fraud, money laundering, and other suspicious activities. |
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