The Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, says the company is intensifying efforts to tackle fraud using artificial intelligence (AI)
Speaking on the Citi Breakfast Show on Monday, April 20, Shaibu Haruna explained that the company now relies on advanced technology to monitor transactions and detect suspicious activity in real time.
Shaibu Haruna noted that once a fraud report is received, the system can trace transaction trails and identify patterns linked to agents frequently involved in fraudulent activities. He said this allows for faster intervention and more accurate tracking.
According to Shaibu Haruna, the integration of artificial intelligence marks a major shift from traditional rule-based systems to behavior-driven analysis. He explained that this new approach improves precision when identifying fraud cases.
“Thanks to the power of artificial intelligence, we are strengthening our monitoring mechanisms,” Shaibu Haruna said, adding that the system makes it easier to isolate fraudulent elements.
Shaibu Haruna emphasized that the move forms part of broader efforts to sanitize the mobile money ecosystem and protect users.
He assured the public that the company will continue to take decisive action against fraudsters operating on its platform.
