Mastercard collaborates with AI regulatory technology platform Feedzai to detect and combat cryptocurrency fraud.

BlockBeats reported on November 20th that according to CNBC, Mastercard has announced a partnership with Feedzai, a regulatory technology platform that uses artificial intelligence to combat online money laundering and financial fraud. The collaboration aims to detect and prevent fraudulent activities carried out through cryptocurrency trading platforms. Through this partnership, Feedzai will be directly integrated into Mastercard's CipherTrace Armada platform, which is used to help banks monitor transactions from over 6,000 cryptocurrency trading platforms to detect fraud, money laundering, and other suspicious activities.