Egypt’s First AI-Powered Fraud Detection Solution Launched

Innovative Partnership Between ADCB-Egypt and SAS

In a significant move aimed at strengthening real-time fraud prevention capabilities, Egypt’s ADCB-Egypt has partnered with leading analytics company SAS to implement the country’s first-ever AI-powered fraud detection solution. This cutting-edge partnership enables ADCB-Egypt to monitor multiple channels simultaneously, including:

• Internet banking
• Mobile banking
• Interactive Voice Response (IVR)
• Card transactions

Real-Time Detection and Analysis

The innovative solution boasts embedded analytics, empowering ADCB-Egypt to swiftly review suspicious activities and detect malicious endeavors in real-time. The system allows financial institution staff to configure new rules and simulations on a self-service basis, increasing their agility in responding to:

• Regulatory changes issued by the Central Bank of Egypt (CBE)
• Shifting market conditions

AI-Driven Solution Features

The AI-driven solution is designed to sift through vast volumes of transactions and multiple risks by incorporating numerous scenarios. This reduces overall false positives for enterprise and cross-channel fraud prevention.

Key Benefits

• Reduces overall false positives • Enhances real-time fraud detection capabilities • Increases staff agility in responding to regulatory changes and market shifts • Improves overall efficiency and effectiveness in detecting fraudulent activities