Startup Ideas AI

Preventing fraudulent activity in online transactions is a widespread concern among consumers. Developing an AI-powered platform that uses advanced algorithms and machine learning to detect and prevent fraudulent transactions could significantly reduce financial losses. This startup would offer real-time fraud detection, risk assessment, and identity verification services. Market size: According to a report by MarketsandMarkets, the global fraud detection and prevention market size is projected to reach $137.6 billion by 2027.