Visa has added the 'ARIC Risk Hub', an AI-powered fraud prevention platform, to its global value-added services portfolio.
The platform, powered by Featurespace, leverages adaptive AI to build profiles around genuine customer activity, maximizing approvals and stopping fraud attempts in real time.
Eika Gruppen, an alliance of 46 local banks in Norway, saw a 90% reduction in phishing losses after implementing the ARIC Risk Hub.
The ARIC Risk Hub is available globally and offers businesses a new AI-powered tool to combat fraud and protect customers.