Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up

Mastercard told CNBC exclusively Monday that it’s partnered with Feedzai, a regulatory technology platform, to improve monitoring and blocking of fraud in crypto.

Feedzai will integrate with Mastercard’s CipherTrace Armade platform, which is used to help banks monitor transactions from over 6,000 crypto exchanges for fraud.

The move marks a major push from Mastercard into crypto — specifically, efforts to clean the space up of fraud and scams.