Central Fraud Detection System (CFDS)
By Magyar Nemzeti Bank
The MNB has initiated the first phase of its Central Fraud Detection System (CFDS), an AI-driven platform designed to swiftly identify fraudulent bank transfers. This cutting-edge system, part of the MNB’s broader “five strikes” anti-cyber fraud initiative, requires domestic banks to submit instant transfer data from July 2025, enabling enhanced risk assessment and fraud prevention.
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