Juniper Payments, a Velera company, added an embedded artificial intelligence-driven fraud prevention engine to its Payments Hub platform for banks and credit unions. The enhancement is designed to support financial institutions’ broader adoption of instant payments by delivering real-time fraud detection at the point of origin and processing, the provider of interbank transaction and reporting systems said in a Wednesday (April 16) press release. “With our embedded AI fraud engine, we’re enabling real-time detection and decisioning, giving financial institutions the confidence to not only protect their assets, but to fully participate in the next generation of faster and instant payments,” Juniper Payments CEO Jon Budd said in the release. These AI-powered fraud tools analyze large volumes of transactional and behavioral data in real time, enabling them to detect subtle patterns that indicate fraudulent activity while minimizing false positives, according to the release. The tools also add risk-scoring capabilities across traditional payments like wires, ACH and cross-border payments, the release said. The enhancement joins Juniper’s Payments Hub, which manages the rails for automated payment delivery and receipt via the company’s connected rails to the Federal Reserve, The Clearing House and foreign exchange (FX) gateways, per the release.

Full report : Juniper Payments Introduces Embedded AI-Driven Fraud Prevention Engine to Payments Hub.