Swiss FinTech NetGuardians Launches Groundbreaking Anti-Money-Laundering Transaction Monitoring Solution
Yverdon-les-Bains, Switzerland - November 1, 2022 - Award-winning Swiss FinTech company NetGuardians has announced the launch of its innovative anti-money-laundering (AML) transaction monitoring solution.
A Game-Changer in Anti-Money-Laundering Approaches
Building on its expertise in fraud prevention, NetGuardians has extended its NG|Screener platform to money-laundering transaction monitoring. This revolutionary approach brings effectiveness and efficiency to financial institutions by integrating internal and external data sources to identify anomalies in behavior.
Key Features of the AML Transaction Monitoring Solution
- Accurately monitors large volumes of transactions
- Significantly reduces false alerts
- Integrates internal and external data sources
- Enables more effective collaboration between fraud and AML teams
- Regulatory obligations can be met with greater ease and at a lower cost
Success Stories
NetGuardians’ software has already been successfully deployed by numerous banks, including UOB Singapore and Swiss private banks Pictet and Lombard Odier. The results are impressive:
- 85% reduction in false alerts
- 75% reduction in operating costs
- Enhanced fraud detection capabilities
The company’s superior performance was recognized by Aite-Novarica when it named NetGuardians a global leader in its 2021 fraud and AML report.
Overcoming Challenges in Anti-Money-Laundering
For many banks, AML can be a daunting task due to the increasing volume of digital transactions, evolving criminal techniques, and legacy system silos. However, with NetGuardians’ AML transaction monitoring solution, financial institutions can now detect money laundering activities with greater accuracy and reduce investigation costs.
Quote from Joël Winteregg, Co-Founder and CEO
“We are thrilled to launch our new AML transaction monitoring solution,” said Joël Winteregg. “By combining proven AML rules with innovative behavioral analytics and AI, we have created a powerful tool that enables financial institutions to effectively combat financial crime while reducing operational costs.”
About NetGuardians
NetGuardians is an award-winning FinTech company founded in Switzerland, helping financial institutions worldwide fight fraud. With over 30 countries served and more than 80 banks and wealth managers relying on its software, NetGuardians has established itself as a trusted partner for financial institutions seeking to prevent fraudulent payments and combat financial crime.