3.0: Using AI to Combat Real-Time Payment Fraud

Bank of England Explores AI to Combat Real-Time Payment Fraud

Jun 06, 2025

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Bank of England Explores AI to Combat Real-Time Payment Fraud

In a collaborative initiative with the Bank for International Settlements (BIS) Innovation Hub, the Bank of England has undertaken Project Hertha to assess the potential of artificial intelligence (AI) in detecting real-time payment fraud.

This project involved the creation of a synthetic data…

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