Finance

PayPal Hires Yiğit Yildirim for AI-Backed Anti-Fraud Role

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PayPal Holdings Inc. is tapping a former Socure Inc. executive to lead the firm’s effort to protect customers from the barrage of scammers targeting the financial-services industry.

Yiğit Yildirim will be the payments firm’s senior vice president of global fraud prevention, using tools bolstered by artificial intelligence and machine-learning models, according to a statement Wednesday.