Visa's Strategic Investment in AI to Enhance Transaction Security

Reported 1 day ago

Rajat Taneja, the president of technology at Visa, oversees the security of 639 million daily transactions while integrating advanced AI technologies. Under his leadership, the company has rebuilt its data systems and invested $3.5 billion to adopt generative AI, which has prevented approximately $40 billion in fraud annually. Visa’s AI applications focus on fraud prevention, cyber security, and software development, with a commitment to transparency and compliance. The company actively collaborates with various AI providers to ensure the best technological solutions while fostering innovation through hackathons and team initiatives.

Source: YAHOO

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