Financial Crime World

Croatian Banks Turn to InACT for PSD2-Ready Fraud Prevention Solution

In a bid to bolster its defenses against increasingly sophisticated fraud attacks, Sberbank Hungary and Sberbank Croatia have chosen the InACT Enterprise Fraud Monitoring & Prevention solution to monitor and prevent fraud across multiple channels.

A PSD2-Ready Solution

The banks required a solution that could rapidly detect and respond to fraudulent activities in internet banking, mobile banking, and third-party payment systems (TPPS) channels. The partnership marks an important milestone in the fight against fraud in Croatia, as financial institutions face increasing pressure to stay ahead of sophisticated fraud attacks.

Benefits of InACT’s Solution

  • Fast implementation: InACT’s solution can be quickly implemented, allowing banks to rapidly detect and respond to fraudulent activities.
  • Maturity: The solution is mature and has been proven to meet the requirements of multiple channels.
  • Flexibility: InACT’s solution is highly flexible, making it easy to adjust to different digital channels.

Testimonials

Mirko Grbavac, Head of IT at Sberbank Croatia

“We needed a mature solution that could meet our requirements for fast implementation. We are happy with the abilities of the solution and the vendor’s approach and responsiveness. Working on the project with InACT was highly professional, as they demonstrated flexibility and high professional competence levels.”

Hatice Ayas, ASEE Turkey Country Leader

“We were able to quickly adjust InACT to both banks’ digital channels due to its seamless infrastructure.”

PSD2 Compliance

As banks are implementing APIs for TPPs under PSD2, fraud management has become more sensitive for digital banking. Robert Mihaljek, ASEE Croatia Solution Sales Manager, believes that the partnership will not only provide Sberbank Hungary and Sberbank Croatia with a fraud monitoring system but also create added value for their business.

InACT’s Solution

InACT’s solution includes:

  • Intelligent methods
  • Enterprise fraud detection & prevention
  • Internal fraud management
  • Relationship network analysis
  • Business consultancy

The partnership marks an important milestone in the fight against fraud in Croatia, as financial institutions face increasing pressure to stay ahead of sophisticated fraud attacks.