Swift Partners with Axis Bank to Launch AI Pilot for Tackling Payment Fraud.

Banking & Finance

Swift has partnered with Axis Bank to launch an artificial intelligence (AI) pilot aimed at combating payment fraud. This initiative leverages AI technology to detect and prevent fraudulent transactions in real-time, enhancing the security of digital payments. By integrating advanced machine learning algorithms, the pilot program seeks to identify suspicious activities and mitigate risks associated with financial transactions. Axis Bank’s collaboration with Swift underscores a commitment to innovation and fraud prevention in the banking sector. This move marks a significant step toward safeguarding financial transactions against emerging threats.


      The AI pilot aims to enhance transaction security by identifying unusual patterns and preventing fraudulent activities effectively.

      Axis Bank's collaboration with Swift represents a significant advancement in using technology for fraud detection and prevention.

     

 

     


About Axis Bank,

CEO: Amitabh Chaudhry
Headquarters: Mumbai
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