Mastercard says nine UK banks, including Lloyds and NatWest, signed up to use its AI-based Consumer Fraud Risk system, trained on years of transaction data (Olivia Solon/Bloomberg)

Olivia Solon / Bloomberg:

Mastercard says 9 UK banks, together with Lloyds and NatWest, signed up to make use of its AI-based Shopper Fraud Danger system, educated on years of transaction knowledge  —  Mastercard Inc. is promoting a brand new synthetic intelligence-powered software that helps banks extra successfully spot if their prospects try to ship cash to fraudsters.