Financial Crime World

Burundi Banks Step Up Fraud Detection Methods to Combat Rising Payments Scam

As the digital payments landscape continues to expand in Burundi, banks and financial institutions are facing unprecedented challenges in preventing fraudulent activities. To combat this growing threat, Tietoevry, a leading outsourced service provider to the payments sector, has unveiled its cutting-edge fraud detection methods designed specifically for Burundian banks.

A Comprehensive End-to-End Approach

Tietoevry’s fraud prevention solutions offer a comprehensive end-to-end approach, encompassing:

  • Full Card Transaction and Account Monitoring: Continuous monitoring of card transactions and accounts to detect suspicious activity
  • AI-Powered Analytics: AI-driven analytics to identify and stop fraudulent activities in real-time
  • Case Management: Effective case management and investigation tools to minimize financial losses due to payments fraud

Proven Track Record

Tietoevry’s market-leading solutions boast an impressive 90% detection rate for existing clients, available:

  • 24/7, 365 Days a Year: Uninterrupted monitoring and detection of fraudulent activities
  • Stand-Alone Services: Integration with card management and ledger systems provides unparalleled flexibility and customization options

Supporting Burundian Banks in the Fight Against Payments Fraud

As the payments industry in Burundi continues to evolve, Tietoevry’s fraud detection methods are poised to help banks stay ahead of the curve, safeguarding their customers’ financial transactions and maintaining trust in the digital payment ecosystem. With its proven track record and expertise in the field, Tietoevry is well-positioned to support Burundian banks in their fight against payments fraud.

Conclusion

Tietoevry’s cutting-edge fraud detection methods offer a powerful solution for Burundian banks to combat rising payments scams. By leveraging Tietoevry’s expertise and technology, banks can significantly reduce the risk of financial losses due to fraudulent activities, maintaining trust in the digital payment ecosystem.