Financial Crime World

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Swiss Financial Institutions Leverage AI-Powered Fraud Detection Tools

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Swiss banks have taken a significant step towards combating financial fraud by adopting cutting-edge technology for real-time detection and prevention. NetGuardians, a leading provider of artificial intelligence (AI) solutions, has partnered with prominent Swiss financial institutions to safeguard customer trust and protect against fraudulent activities.

Comprehensive Protection with Unmatched Efficiency

With over 100 million individuals protected worldwide, NetGuardians’ SaaS offering provides comprehensive protection and unmatched efficiency in preventing fraud and detecting money laundering. The company’s AI-powered payment fraud prevention solution utilizes pre-built risk models tailored for fraud prevention and money laundering detection, eliminating the need for extensive data science expertise.

Community Intelligence Feature

The solution also boasts a community intelligence feature, which enhances transaction protection by leveraging shared insights from a network of financial institutions. This collective approach enables banks to stay ahead of evolving threats and ensure real-time protection against fraudulent activities.

Testimonials from Leading Financial Institutions

Lombard Odier “NetGuardians’ software solution complements our infrastructure solutions to reinforce advanced fraud mitigation,” said Geoffroy De Ridder, Head of Technology and Operation at Lombard Odier. “With their AI-powered risk models, we can identify potential threats more effectively and respond accordingly.”

Zürcher Kantonalbank “We trust NetGuardians as our fraud-prevention partner because they provide the best possible protection for our customers,” said Romano Ramanti, Ethical Hacker at Zürcher Kantonalbank. “Their solution enables us to detect and prevent fraudulent activities in real-time, ensuring a seamless customer experience.”

Recognized Industry Leader

The company’s technology has also been recognized by Euromoney, with three out of 10 banks in its private banking ranking utilizing NetGuardians’ solutions.

Prevention of Various Types of Financial Fraud

NetGuardians’ AI-powered fraud detection tools have been successful in preventing various types of financial fraud, including:

  • Authorized push payment fraud
  • Malware and e-banking hijacks
  • Internal fraud
  • Money laundering

Reduced False Positives by 85%

The company’s solution has also been proven to reduce false positives by 85%, cutting the need for payment blocks and investigations.

Ongoing Efforts and Commitment to Innovation

In addition to its technology, NetGuardians provides regular whitepapers and blog posts on topics such as:

  • Money mules
  • Behavioral biometrics
  • Feedback-driven algorithm development

These resources offer valuable insights into the evolving world of financial fraud detection and prevention.

Global Presence

With a growing presence in Switzerland, Singapore, Kenya, and other regions, NetGuardians is poised to continue its mission of protecting individuals and institutions from financial crime. As the company continues to innovate and adapt to emerging threats, it remains committed to providing Swiss financial institutions with the cutting-edge technology they need to stay ahead of fraudsters.

References:

  • Zürcher Kantonalbank
  • Lombard Odier
  • Euromoney

Latest Insights:

  • “Shifting the odds against money mules”
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  • “Comprehensive fraud prevention demands a multilayered approach”

Get in Touch: Want to learn more about NetGuardians’ solutions or company? Contact us today!