Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) set to roll out an AI fraud detection system in 2026

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Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) set to roll out an AI fraud detection system in 2026

By Fintech News Network

In response to the sharp rise in online scams, the BNM and PayNet are developing an AI-powered system to monitor and flag suspicious bank transfers in real time. Using machine learning, large language models, and predictive analytics, it will alert users to potential fraud before transactions are completed.

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