{"id":87254,"date":"2023-11-20T13:03:40","date_gmt":"2023-11-20T11:03:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87254"},"modified":"2025-09-13T10:38:45","modified_gmt":"2025-09-13T07:38:45","slug":"mastercard-to-boost-crypto-transaction-monitoring-with-feedzai","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mastercard-to-boost-crypto-transaction-monitoring-with-feedzai\/","title":{"rendered":"Mastercard to boost crypto-transaction monitoring with Feedzai"},"content":{"rendered":"<p>The payments giant Mastercard has agreed to work with regtech platform Feedzai to integrate its tools into a bank-oriented product<a href=\"https:\/\/forklog.com\/en\/news\/mastercard-to-acquire-blockchain-analytics-firm-ciphertrace\">CipherTrace<\/a> Armade. According to <a href=\"https:\/\/www.cnbc.com\/2023\/11\/20\/mastercard-partners-with-feedzai-to-detect-and-tackle-crypto-fraud.html\"> CNBC<\/a>.<\/p>\n<p>CipherTrace Armade tracks operations across 6,000 crypto platforms to perform <span data-descr=\"anti-money laundering\" class=\"old_tooltip\">AML<\/span> and anti-scam efforts.<\/p>\n<p>Feedzai, using AI, will enable real-time alerts about suspicious crypto transactions and block them \u201cin a matter of nanoseconds.\u201d<\/p>\n<p>The firm holds around 100 patents and, on average, increases their number by about 10 per year to protect its technologies.<\/p>\n<p>CEO and co-founder Nuno Sebastiao said that the algorithms can identify criminals\u2019 accounts used to launder illegally obtained funds.<\/p>\n<p>According to the company, about 40% of such transfers originate directly from a bank account to an exchange. Over the last year the platform processed transactions totaling more than $1.7 trillion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThere are many examples where banks, in order to prevent illicit activity, block those involving widely recognised and regulated organisations, and let the rest through,\u201d<\/em> said Sebastiao.<\/p>\n<\/blockquote>\n<p>According to the agency, the Mastercard partnership marks the firm&#8217;s foray into the market to legitimise digital assets, which could fall under the same rules and compliance frameworks as traditional finance <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cData shows that fraud in transactions when people buy cryptocurrency is five times higher than in those where fiat is used,\u201d<\/em> said Ajay Bhalla, Mastercard&#8217;s President of Cybersecurity Solutions.<\/p>\n<\/blockquote>\n<p>The executive said that the partnership with Feedzai will allow financial institutions to distinguish <em>\u201cgood\u201d<\/em> transactions from <em>\u201cbad\u201d<\/em> ones.<\/p>\n<p>In October 2022, Mastercard<a href=\"https:\/\/forklog.com\/en\/news\/mastercard-to-roll-out-tool-to-detect-fraud-in-bitcoin-transactions\"> announced<\/a> the Crypto Secure tool. It enables banks to identify and halt transactions with crypto exchanges exposed to fraudulent practices.<\/p>\n<p>In July 2023, the company\u2019s Chief Digital Officer Jorn Lambert said there is a need to <a href=\"https:\/\/forklog.com\/en\/news\/mastercard-backs-integration-of-blockchain-and-traditional-finance\"> unite blockchain and TradFi<\/a>.<\/p>\n<p>That was preceded by plans to position the company <a href=\"https:\/\/forklog.com\/en\/news\/mastercard-to-provide-banks-with-tools-to-access-cryptocurrencies\">as an intermediary<\/a> for traditional financial institutions in launching cryptocurrency trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastercard agreed to partner with regtech platform Feedzai to integrate its tools into a bank-focused product CipherTrace Armade.<\/p>\n","protected":false},"author":1,"featured_media":87255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1911,70,36],"class_list":["post-87254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cipher-trace","tag-mastercard","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87254"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87254\/revisions"}],"predecessor-version":[{"id":87256,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87254\/revisions\/87256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87255"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}