- Mastercard has taken a big step forward in becoming a technology leader by opening its largest global technology hub in Pune, India.
- The new campus in Pune houses around 6,000 employees and features an advanced AI engine that processes data to combat fraud and enhance transaction security for billions of users.
- The hub in Pune reflects Mastercard’s commitment to leveraging technology to redefine security and efficiency in global payments.
- The AI engine in Pune has received recognition for its innovation and is a crucial part of Mastercard’s transformation into a technology-driven enterprise.
- Mastercard employs a unique "mixture of experts" approach with 14 specialized AI engines working simultaneously to optimize fraud detection systems.
- The company has seen a threefold increase in fraud detection and a sixfold reduction in false positives with the help of AI.
- Mastercard has advanced its AI capabilities with generative AI techniques and recurrent neural networks, resulting in a 20% reduction in fraud and an 80% improvement in minimizing false positives.
- The Pune hub is integral to Mastercard’s global network, fostering collaboration with teams in locations like New York, Dublin, and St. Louis on cutting-edge projects.
- The hub contributes to fraud detection and reduction, data-driven insights, tokenization technology, scalable infrastructure, and global collaboration.
- By investing in AI and establishing a large-scale technology center in India, Mastercard is positioning itself to lead in global payments and shaping the future of financial services.
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