Current Affairs - Technology - Discussion

Paisabazaar launched an advanced fraud detection and prevention system leveraging machine learning and real-time monitoring. The system employs an internal risk-scoring mechanism to categorize users into low, medium, or high-risk groups. High-risk consumers are restricted from accessing offers, while medium-risk users are monitored for fraudulent behaviour. This initiative demonstrates Paisabazaar's commitment to enhancing security and trust in financial transactions, ensuring safer user experiences.