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