According to The Canadian Press,CanadaMontrealConcordia UniversityResearchers and their team have developed an innovative technology that uses artificial intelligence technology to accurately identifyCounterfeit Money.
Nowadays, fraudsters are becoming more and more skilled in counterfeiting money, sometimes even experienced experts are at a loss.Now the addition of AI is expected to change the rules of the game.
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Maryam Sharifi Rad, a postdoctoral fellow at the school's Pattern Recognition and AI Research Center, and her team developed the technology. The researcher said, "This is an issue that has a very direct impact on the economy and public finances. I am keen to break through the limitations of technology to improve the security and protection of the monetary system."
The research team has a large number of real coins,The counterfeit banknotes were digitized at high resolutionThe researchers analyzed the two-dimensional images using machine learning-based, image mining techniques they developed.By searching for irregularities and imperfections on each sample, the system can accurately distinguish between genuine and counterfeit coins..
The irregularities and imperfections described above are of the kind that are often invisible to the naked eye.
But obtaining counterfeit notes from multiple countries was quite a challenge for the team as most of these counterfeit notes were in the hands of police officers around the world.
Maryam Sharifi Rad said it was fascinating how AI could detect even the smallest details.Our accuracy rate reached 99%. "
Her partner, Saeed Khazaee, said the Royal Canadian Mint was interested in the team's work because of the large number of counterfeit banknotes circulating in the local market. "Authorities are particularly interested in knowing what 'precise' specific features are present in counterfeit currency to make it more difficult to replicate genuine currency."