Fraud cases are constantly increasing in the field of finance. Visa aims to increase security with its artificial intelligence program.
Visa will provide security with artificial intelligence
One of the biggest obstacles to digitalization in the field of finance is fraud cases. It causes customers to be cautious about digital technologies.
Visa, which wants to take innovative initiatives on this subject, has launched a new artificial intelligence program. With this program called Advanced Identity Score, it is aimed to prevent frauds in the field of finance. Visa manager McShery says the financial statement that comes out with account scams is very important. For this, Visa will use its expertise in data integration and artificial intelligence to improve its services and provide security.
This program, which is expected to provide benefits for participants in digital finance, will also provide customer satisfaction. According to Melyssa Barret, the material damage caused by data theft has reached $ 10.2 billion since 2013. Moreover, this amount only can be recorded. Therefore, ensuring security from digitalization is critical.