Google Pay: At the 8th annual Google for India event, Google announced a host of new AI and machine learning-based features, including India First Innovations. One of these features is the new deep learning-based fraud detection on Google Pay.
Deep Learning-Based Fraud Detection on Google Pay
According to the company, during the pandemic people shifted to digital payment options like card or UPI payments and this brought convenience to the users. However, the company has pointed out that this has also led to many disadvantages and it has become really difficult to understand whether the payment request is valid or not.
Google has stated that it “uses advanced methods in our Safety Engine that examines the aggregated transaction patterns of millions of users, correlating this to a graph of one billion nodes. This helps identify fraudulent behavior”. , then uses its intelligent language engine to flash a warning and inform the user in their most preferred language. In some cases, we even generate a fast vibration to really get your attention.
Google Pay new feature
As a part of the new innovation, the company has introduced a useful new feature in Google Pay, which makes it easier for users to access transaction history. Users can now use their voice to ask simple questions like “show me how much I spent on coffee last week”. This will enable users to monitor their spending on a regular basis.
The company also affirmed that “Our product strategy. We focus on the fundamentals of security and software development to design products that are secure by default, private by design, and put the user in control.” As people navigate the Internet, it is important that they have secure access to quality information.”
In its official blog post, Google said, “At Google in India, we are equally honored to search for ways to solve challenges and help more people share the benefits of using the internet in their daily lives.” feeling.”