To facilitate safe and secure implementation of AI strategies, using AI models to safeguard more than 125 billion transactions annually
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Purchase, NY
Mastercard recently announced the expansion of its consulting business with the launch of new practices dedicated to artificial intelligence and economics, aiming to help clients across all industries rapidly and responsibly advance the use of AI to address ever-shifting macroeconomic forces and consumer preferences.
Mastercard is also planning to enhance its business transformation service, Digital Labs, for clients to create end-to-end solutions from concept development and rapid prototyping to launch and scalability. These offerings are part of Mastercard’s ongoing consulting expansion into emerging sectors to support businesses in their evolution and growth enterprise-wide.
As per the release, It aims to facilitate safe and secure implementation of AI strategies, backed by over a decade of expertise using AI models to safeguard more than 125 billion transactions annually. Its AI consulting practice works with businesses to adopt relevant and responsible AI strategies and AI-powered tools to address a range of urgent business needs including personalization offers, removing bias, forecasting, optimizing finance practices, cybersecurity, and fraud monitoring.
“With the democratization of generative AI and a complex economic climate, companies need expertise and go-to-market solutions now more than ever,” said Raj Seshadri, president of Data and Services, Mastercard.
Mastercard is a global technology company in the payments industry with a presence in more than 210 countries and territories, to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
