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The European Central Bank selects AI startups to prevent digital euro fraud.
Golden Finance reported that the European Central Bank announced on Thursday that it has selected a Portuguese startup focused on artificial intelligence to help prevent fraud related to its planned digital euro. The contract signed with Feedzai is worth up to €237.3 million (approximately $278.7 million) and is one of several contracts disclosed by the European Central Bank on Thursday, aimed at promoting this key project which it views as essential for ensuring financial autonomy in the eurozone and reducing dependence on the United States.