Mastercard keeps tabs on fraud with new foundation model

ai, AI (Artificial Intelligence), Artificial Intelligence, card payments, Finance AI, Fintech, fraud detection, How It Works

Mastercard has developed a large tabular model (an LTM as opposed to an LLM) that’s trained on transaction data rather than text or images to help it address security and authenticity issues in digital payments. The company has trained a foundation model on billions of card transactions, with the intention of expanding to hundreds of […]

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