Revolut launches an AI-based scam detection feature

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Revolut has introduced an AI-powered anti-scam feature to help customers avoid falling victim to authorized push payment fraud.

The new layer of security protection employs machine learning to determine whether there is a high likelihood that the customer is making a card payment as part of a scam, and then declines the payment. The customer is then prevented from making any further similar payments and is directed through an in-app scam detection flow.

During this phase, the customer is required to provide additional information about the transaction they are attempting, as well as be shown specific scam educational stories to prompt them to think carefully before authorizing the payment.

Read More: Revolut launches AI-based scam detection feature

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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