The article discusses the importance of authorization in fintech systems and how AI is transforming them to ensure secure user experiences and mitigate risks like fraud and unauthorized access.
The author shares their experiences in leading the design of payment platforms with a focus on scalable authorization frameworks, stakeholder alignment, and fraud detection strategies to handle millions of transactions securely under pressure.
The evolution from Role-Based Access Control (RBAC) to Attribute-Based Access Control (ABAC) is highlighted, showcasing the need for more flexible approaches to manage permissions based on dynamic factors like device trust and geolocation for enhanced security.
The integration of AI into authorization systems is explored, emphasizing how AI makes systems proactive and adaptive to enhance security, user trust, and overall user experience in fintech.