Lisbon, Portugal — October 2, 2025 — Leads & Copy — The European Central Bank (ECB) has finalized a framework agreement, naming Feedzai, a RiskOps platform for financial crime prevention, as the top tenderer to create the central fraud detection mechanism for the digital euro.
The eurozone, representing 440 million citizens and over $17 trillion in GDP, would see the introduction of the digital euro as its most significant monetary innovation since 1999.
The risk and fraud management agreement is valued between €79.1 million and €237.3 million. Feedzai, in collaboration with subcontractor PwC, will provide a fraud detection and prevention mechanism in line with EU security, privacy, and data protection standards.
Feedzai and other tenderers will collaborate with the ECB to finalize planning and timelines for the Digital Euro Service Platform (DESP), under the ECB Governing Council and EU legislation.
The ECB emphasizes the digital euro as a public good, designed to preserve central bank money’s role in a digital world, reduce reliance on non-EU payment providers, reinforce Europe’s strategic autonomy, and support financial inclusion. Privacy is a core design principle, with transactions featuring safeguards like pseudonymisation, encryption, and offline cash-like payments.
Feedzai’s platform will provide a fraud risk score for every transaction, aiding payment service providers (PSP) in their approval decisions.
Nuno Sebastião, CEO of Feedzai, emphasized the importance of AI in adapting to evolving fraud to ensure trust in digital euro transactions. PwC’s Liviu Chirita and Dominic Schauerte highlighted the project’s role in building trust and enabling Europe to lead with integrity and technological sovereignty.
The ECB notes the digital euro’s potential to enhance Europe’s resilience and is being monitored by other central banks globally.
Contact: PR@feedzai.com
Source: Feedzai
