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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
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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.

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