Mastercard buys developer of artificial intelligence Brighterion
Mastercard announced the conclusion of an agreement on the acquisition of Brighterion, specializing in the development of software related to the category of artificial intelligence. According to Mastercard, the acquisition «will expand the set of features that ensures enhanced customer experience and security.»
As we have informed, in autumn last year, Mastercard began to introduce into its network artificial intelligence in the face of the service Decision Intelligence. His task was named check transactions for possible fraud and decision making. According to Mastercard, this is the first service based on the AI that are deployed directly in the payment system. Being built on the principles of AI, it takes into account more fully the different factors and is trained in the process.
It is assumed that the Smart Agent developed by experts Brighterion, complement the means of Decision Intelligence.
Should the deal go through the usual in such cases the approval procedure. Financial terms were not disclosed.