Artificial intelligence protects the Hungarian banking sector: central fraud screening system launched

On July 1, the Central Abuse Screening System (KVR) was launched, which uses artificial intelligence to protect the Hungarian banking sector against fraud. The system analyzes instant payment transactions in real time and detects suspicious operations in a fraction of a second.

The new AI-based system is a significant milestone in the digitalization of the Hungarian financial sector. KVR analyzes all instant payment transactions in real time and identifies potentially fraudulent operations using advanced algorithms. This takes customer protection to a new level and reduces the risk of financial crimes.

The introduction of the system is in line with global trends, where artificial intelligence is playing an increasingly important role in increasing the security of financial services. SMEs and individuals operating in the Hungarian banking sector can both benefit from increased protection, which increases trust in digital payment solutions.