BankingBusiness

BANK OF AFRICA: Picks NetGuardians to combat payment fraud

BANK OF AFRICA: Picks NetGuardians to combat payment fraud

  • Bank of Africa is a multi-business universal banking Group and one of Africa’s leading financial institutions
  • It will use NetGuardians’ fraud prevention software to protect its assets and branches in Morocco against internal and payment fraud
  • NetGuardians’s software builds customer profiles through the use of behavioral analytics
  • Its software monitors all transactions and provides a risk score by comparing it against the customer profile
  • The software reduces false positive volumes and empowers financial institutions to discover
  • NetGuardians stated that 25 clients across Africa and the Middle East are using its anti-fraud solution
Previous article
Cboe: Appoints Vikesh Patel as President
Next article
Fintech Galaxy: Acquires Egypt’s Underlie as it expands regional Open Finance footprint
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

SWIFT Strengthens Blockchain-Based Shared Ledger for Real Transactions This Year

The financial messaging service aims to integrate blockchain technology in operations.Highlights: SWIFT plans to launch a blockchain-based shared...
FinTech

Nium Launches Dual-Network Stablecoin Card Issuance Platform

New platform aims to streamline stablecoin card issuance and enhance user experience.Highlights: Nium unveils a new platform for...
FinTech

Wise Launches UK Current Accounts, Expanding Financial Services

The new accounts aim to simplify banking for UK customers.Highlights: Wise introduces current accounts to UK market.The new...
FinTech

Lloyds Bank Strengthens Research on AI Impact in Software Engineering

The collaboration aims to explore the future of technology in banking.Highlights: Lloyds Bank partners with the University of...