[June 04, 2018]








Many companies today want to tap into artificial intelligence quickly
but are not sure where to start. With the launch of AI Express,
Mastercard will help companies develop a tailored artificial
intelligence model that answers real business questions and can be
swiftly deployed.


Interest in artificial intelligence is strong: More than 80 percent of
Fortune 500 CEOs see the technology as very or extremely important to
their company’s future, according to a study
by Fortune
. Viewed as a vital capability for industries that have
rich data, many companies still lack the experience and expertise to
extract the intelligence that can improve consumers’ experience.


“If data is the oil that powers the digital economy, artificial
intelligence is the refinery,” said Ajay Bhalla, chief security
solutions officer at Mastercard. “Mastercard has gained significant
experience in the application of AI at scale in a mission critical
environment. For companies looking to take advantage of the technology
today, AI Express offers quick results along with the know-how to move
forward with a full-fledged artificial intelligence deployment.”


The AI Express program was designed to help companies address key
business priorities, including:


  • Anti-money laundering

  • Fraud risk management

  • Cyber security

  • Credit risk prediction

  • Operational efficiencies


AI Express is one example of how the Brighterion
capabilities are helping Mastercard ply an active role in accelerating
the adoption of artificial intelligence and machine learning by opening
up its proven platform to the wider industry. The capability is built
into the multi-layered security strategy of the Mastercard network to
act within milliseconds to detect and manage fraud. The systems
continually get smarter and power proven Mastercard security solutions
like Decision
Intelligence
, Safety
Net
, Early
Detection
, Authorization
IQ
. Now, AI Express enables Mastercard customers to benefit directly
from the same advanced artificial intelligence capability.




About Mastercard


Mastercard (NYSE: MA), www.mastercard.com,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for everyone.
Follow us on Twitter (NewsAlert) @MastercardNews,
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the Transaction Blog
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Bureau
.




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