Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration

Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration

BRUSSELS--(BUSINESS WIRE)--Sep 15, 2025-

Swift Tests AI and Data Tools to Tackle Cross-Border Payment Fraud - Fintech Schweiz Digital Finance News - FintechNewsCH

Swift, the Belgium-based financial messaging cooperative, has carried out experiments demonstrating how AI and secure cross-border data collaboration could help reduce fraud in international payments. In partnership with 13 global financial institutions, the tests applied privacy-enhancing technologies (PETs) to allow participants to exchange fraud-related insights securely across jurisdictions. In one case, PETs enabled the real-time verificati…

Swift-Led Trial with 13 Banks Finds AI Can Double Fraud Detection - Fintech Singapore

A major test run by Swift shows financial institutions can double their fraud detection power without sharing customer data, based on synthetic data trials. Swift worked with 13 global financial institutions to test how artificial intelligence and privacy enhancing technologies could help detect and prevent cross border payment fraud more quickly. The experiments used privacy enhancing technologies to let participants verify intelligence on susp…

Swift AI tests double fraud detection success

Swift has revealed new findings from a series of experiments that show how artificial intelligence (AI) and secure data collaboration could transform the fight against fraud in international payments. The cooperative worked with 13 major financial institutions and several technology partners to test the impact of privacy-enhancing technologies (PETs) and federated learning. These tools were used to allow institutions to share fraud insights secu…

Swift pilots AI model to cut cross-border fraud

Swift has reported strong results from a series of AI-driven experiments designed to accelerate fraud detection in international payments, highlighting the potential of cross-border collaboration to reduce financial crime. Working alongside 13 major financial institutions, the cooperative tested how privacy-enhancing technologies (PETs) could be used to securely share intelligence on fraud without exposing sensitive data. In one trial, PETs allo…