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
