Mastercard introduced a risk intelligence solution designed to enable more secure stablecoin payments, the company said in a Monday (Oct. 19) press release.
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The new Stablecoin Security solution combines payment and blockchain intelligence to help financial institutions assess risk from payment initiation through on-chain movement. It helps these institutions identify fraud, scams, sanctions and other financial crime risk indicators, according to the release.
Stablecoin Security is delivered through a platform-agnostic API; analyzes transaction context, source of funds, exposure to restricted parties, scam indicators and other signals; generates intelligence across the fiat and stablecoin lifecycle; and can be integrated into existing fraud, compliance and case management workflows, the release said.
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“Stablecoins are creating new possibilities for value exchange, but financial institutions need the right intelligence and controls to participate with confidence,” Ann Johnson, executive vice president, security solutions at Mastercard, said in the release. “By bringing payment and blockchain insights together, Stablecoin Security extends Mastercard’s fraud and risk capabilities to digital asset payments, giving institutions a clearer view of risk to make more informed decisions and build greater trust.”
xyz and Keyrails . The company will continue to expand the solution’s reach and adoption next year, including through recently acquired BVNK , according to the release.
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