The Bank of Canada is working with MindBridge, an artificial intelligence analytics firm, in the hope of finding new ways to detect payments fraud.

MindBridge was chosen to take on the “challenge” in the next round of the central bank’s partnerships in innovation and technology programme (Pivot). Pivot sees central bank staff collaborating with third parties, particularly fintech firms, to trial innovative ideas for short periods.

MindBridge will have just a few months to demonstrate whether