Mastercard is launching AI Express, a service to help companies develop and deploy tailored payment solutions leveraging artificial intelligence.
The program was designed to help companies address potential uses for AI in areas including anti-money laundering, fraud risk management, cyber security, credit risk prediction and operational efficiencies, Mastercard said in a Monday press release.
“If data is the oil that powers the digital economy, artificial intelligence is the refinery … Mastercard has gained significant experience in the application of AI at scale in a mission critical environment,” said Ajay Bhalla, Mastercard’s chief security solutions officer, in the release.
AI Express’ rollout builds on Mastercard’s acquisition last year of
