🚨 ECB Teams Up with AI Startup to Fight Fraud in Digital Euro 💶🤖

The European Central Bank (ECB) has chosen Portuguese AI startup Feedzai to build fraud detection tools for the upcoming digital euro. 🇪🇺

🔍 Feedzai’s system will assign a fraud risk score to every transaction, helping payment providers decide whether to approve or flag it. PwC will act as a partner to ensure compliance with strict EU data and privacy rules.

💰 The deal is big — worth between €79M and €273M — highlighting how crucial fraud prevention is for Europe’s CBDC.

🛡️ Alongside this, German firm Giesecke+Devrient (with Nexi & Capgemini) will develop offline payment solutions, making the digital euro usable even without internet.

🚀 This marks the second phase of the project, moving closer to a real rollout of Europe’s digital currency.

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