TRACE: Mastercard deploys AI-powered solution to fight money laundering in Asia Pacific - SoyaCincau

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TRACE: Mastercard deploys AI-powered solution to fight money laundering in Asia Pacific - SoyaCincau

As part of its efforts to curb financial crime, Mastercard has officially launched TRACE (Trace Finance Crime) in Asia Pacific. The network-level solution uses artificial intelligence to identify and prevent money laundering and financial crime. The Philippines is the first country in Asia Pacific and the second country in the world to rollout TRACE, and it is designed to protect consumers and financial institutions. According to Mastercard, Rea…