A Promise Made It has been almost 5 years since Google first showed off their voice assistant Google Duplex. Dressed casually in a bomber jacket, Sundar Pichai waltzed onto the stage and enthralled the audie...
Director
The Retail Avatar In its retail form, CBDCs are meant to be used by individuals and businesses for daily transactions, just like physical cash or electronic payment methods such as credit cards and digital ...
Interoperability across nations CBDCs can be broadly classified into ‘Wholesale’ and ‘Retail’, based on the key stakeholders and the proposed functionality of the currency. Wholesale CBDCs relate to the issu...
The promise of a better world Meta’s Diem initiative was abandoned in January 2022, but it will forever be regarded as the first, serious, organizational attempt to challenge the status quo of monetary sover...
The dwindling relevance of physical cash It was in 2020 when I first heard about “Anthropophobia” – you know, the fear of being around other people. And honestly, with Covid then lurking ar...
Fraud and Risk Management (FRM) platforms use link analysis to understand how the money flows. In the context of real-time payments (RTP), it has been observed that as part of money laundering, money is quickly...
Fraud and Risk Management (FRM) platforms work on the principles of classification of a digital payment transaction into confirmed fraud, alerts and safe transactions. Alerts are the ones that need human inspec...
Most fraud and risk management products are built with a single-layer enterprise in mind. For example, it could be for all wire transfers for a bank, or for all payments made through the mobile app of a bank, e...
Most rule-based fraud and risk management solutions use certain data elements from digital payment transactions and statistical data such as, mean, median, standard deviation, frequency, count, etc. of the tran...
Rule-based filters can detect well-known fraud patterns of payment transactions very effectively. However, for new and dynamic fraud patterns, rules are not that effective. As fraudsters decode the declines and...
