Smart, effective, real-time fraud prevention for digital banks.
Successful digital banks grow fast on limited resources. This presents significant challenges when it comes to preventing fraud. Their fraud solution must be efficient, have the ability to scale quickly and offer real-time protection. It also needs to be ready-to-go and cost-effective.
NetGuardians’ packaged fraud prevention for digital banks overcomes these and other challenges, leaving more resources to grow the business.
Real-time analytics provide highly accurate risk scores, cutting false positives by up to 85 percent to ensure excellent fraud protection with minimal friction. Such first-class customer service helps build trust and cut customer churn.
This comprehensive, automated software is pre-integrated with the major core banking systems. It is fast to implement and needs minimal human intervention, freeing up resources for value-added tasks.
The technology effortlessly keeps up with rapid growth and ever-changing market dynamics, scaling to need and able to spot new fraud types as they emerge. It has the flexibility to allow for expanding product and services provision, including open banking and instant payments, without adding risk.
A compliant product suite that combines internal and external fraud prevention with anti-money-laundering transaction monitoring. The cutting-edge artificial intelligence technology draws on data from the NetGuardians banking community to better shield customers from crime and protect the bank’s reputation.
Efficiency runs through NetGuardians’ fraud-prevention software. By learning and analyzing the behavior of each and every customer in real time, it correctly identifies anomalous transactions associated with each account, dramatically increasing the fraud-detection rate without adding friction.
The software is already part of the global financial ecosystem as it is embedded into the banking platforms of major vendors including Finastra, Avaloq, Finacle and Mambu and is available on premise and in the cloud. As a result, it can be installed easily and quickly with minimal impact on the existing processes of any bank and the experience of its customers.
At Swissquote, we want our customers to know we are doing everything we can to prevent fraud. NetGuardians offers one of the best financial crime solutions on the market, helping us to quickly identify and stop scammers and money launderers. This means our customers can bank with confidence at Swissquote. Read more
Lino Finini, COO at Swissquote
NetGuardians’ AI-based risk platform is yet another facet of our robust security network. It is important we build our bank on the best possible software to fight fraud and provide our customers with a reliable and seamless product. Read more
Roland Kläy, Co-CEO & CFO at radicant
Collective AI/peer-group comparisons across the global NetGuardians client community make the software even more efficient – by between 20 and 30 percent.
Used by leading digital banks such as Tonik and Swissquote, NetGuardians offers the best fraud prevention to banks worldwide.
Instantly and accurately block fraudulent transactions resulting from account takeover and social engineering scams.
Prevent internal banking fraud due to internal and external collusion, controls bypass and more.
Identify potentially suspicious transactions and risky customer behaviour while intelligently lowering false positive rates.
