The Fight Against Fraud: Unleashing AI Superpowers

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Welcome to Money Travels Season 2, Episode 3. Fast money movement requires fast security. As money moves more and more quickly, the technical challenges to secure the transactions grow for all parties involved. We have to predict behavior and aim to stop fraud before it happens, often with the help of AI, but you need a pretty big data set to make accurate predictions and to track trends in fraud behavior. That's where Visa Direct's network can come in and it's long history of transactions coupled with decades of developing AI tools that can check, monitor, and protect money movement.

To get a sense of how AI is used today in money movement, we're going to talk to Michael Jabbara, Vice President, Global Head of Fraud Services at Visa, Dr. Anjana Susarla, who's a professor of responsible AI at Michigan State University, and Clara Durodié, an AI strategy specialist and author of Decoding AI in Financial Services. But first, we hear from Tendai Marambire is an ethical security hacker that conducts baseline testing for Visa Direct transactions and along with her team, continuously add new components and new scenarios as new fraud schemes are discovered in the wild. We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.  

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Legal Disclosures:

• The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.
• Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required.
• Visa Direct capability enabled through a financial institution partner.
• Visa Direct product availability and functionality varies by market.
• The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required.
• All brand names, logos and/or trademarks are the property of their respective owners, and do not necessarily imply product endorsement or affiliation with Visa.
• Visa Direct clients and participants should always consult and seek approval from their internal compliance teams on sanctions screening controls and processes, and are solely responsible for their own compliance with applicable laws and regulations. Optional compliance controls and risk management tools and services are provided solely for the convenience of the Visa Direct clients and participants, and Visa makes no warranties with respect to them or their results. Visa Direct clients and participants are solely responsible for their own compliance with applicable laws and regulations.