Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration [Yahoo! Finance]
INTESA SANPAOLO S/ADR (ISNPY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Privacy-enhancing technologies enabled institutions to share transaction data while maintaining end-to-end privacy and security Used at scale, this technology could enable a joined-up fraud defence across global finance, lead to faster action being taken against criminals and significantly reduce the industry's fraud-related costs BRUSSELS, September 15, 2025 BUSINESS WIRE )--Groundbreaking experiments led by Swift have demonstrated the potential impact AI and secure cross-border data collaboration could have on reducing fraud levels in international payments. Working with 13 global financial institutions, the experiments used privacy-enhancing technologies (PETs) to enable institutions to securely share fraud insights across borders. In one use case, the PETs enabled participants to verify intelligence on suspicious accounts in real-time, a development which could speed up the time taken to identify complex international financial crime networks and avoid fraudulent transactio
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