The ECB has signed a contract with Feedzai for the development of an AI model intended for payments in digital euros, aiming to reduce dependence on American systems.

The European Central Bank (ECB) has announced a contract with Feedzai, worth up to 237.3 million euros, to develop an AI model that will mark payments in digital euros, minimizing fraud risks. The project, which will take place over a period of four years, aims for the financial autonomy of the euro area. The ECB aims to launch the digital euro by 2029, with advanced discussions among member states. Officials emphasize the importance of an independent payment system to reduce dependence on external providers.