Why in News?
Razorpay launched Vulcan, a transformer-based AI foundation model built specifically for payment processing, fraud detection and transaction routing.
What does the model do?
- Vulcan analyses payment data in real time to choose better transaction routes and reduce payment failures.
- It is also designed to detect fraud more accurately by learning patterns across Razorpay's large payments network.
- The development shows how specialised AI models are being trained for narrow financial tasks rather than only general-purpose language applications.
Exam Connect
- Vulcan → AI model for payments
- Razorpay → fintech company
- Use cases → payment routing + fraud detection