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AI-Powered Authorization: Leading Secure Fintech Systems for the Future

  • 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.

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