Mastercard and Feedzai partner to combat crypto fraud

Mastercard is teaming up with Feedzai to combat fraud in cryptocurrency exchanges. Feedzai's technology will integrate with Mastercard's CipherTrace Armada platform to monitor over 6,000 crypto exchanges for fraud and money laundering. The partnership aims to increase fraud detection and prevent money laundering, as 40% of scam transactions go from bank accounts to crypto exchanges. Feedzai's AI can identify and block suspicious transactions in nanoseconds, analyzing over $1.7 trillion annually.