National Bank of Kuwait - Egypt selects NetGuardians to further enhance internal control strategy

Cairo, January 25 2016 - Swiss fintech leader NetGuardians has been selected by the National Bank of Kuwait - Egypt to boost their proactive control strategy.

Fraud risk affects banks worldwide, with losses estimated at $67 billion globally in 2014, according to the report of the Association of Certified Fraud Examiners. In the face of this, NBK – Egypt is implementing a proactive security strategy to protect customers and further enhancing internal control strategy. They have now selected a solution from Swiss-based NetGuardians to enforce their second line of defense with specific controls against some of the sophisticated, evolving fraud patterns.

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