Startup Ideas AI

Fraudulent transactions place a burden on the e-commerce industry, resulting in financial losses for businesses and consumers. A startup that provides advanced fraud detection and prevention solutions can help mitigate these losses. By leveraging AI and machine learning algorithms, the startup can accurately identify and reject suspicious transactions, protecting both merchants and customers. The estimated market size for this solution is expected to reach $47.9 billion, according to a report by MarketsandMarkets.