JORDANIAN BANK PARTNERS WITH SWISS FINTECH TO BOOST FRAUD DETECTION ABILITIES
Bank al Etihad, a leading bank in Jordan, has partnered with Swiss fintech company NetGuardians to enhance its payment fraud prevention capabilities using AI-powered solutions. This collaboration aims to strengthen the bank’s anti-fraud measures and mitigate the risk of fraudulent activities across all payment channels in real-time.
About Bank Al Etihad
Bank al Etihad is a Jordan-based financial institution that has been serving customers since 1978. The bank’s group includes financial brokerage and leasing companies, offering a wide range of services to its clients.
Benefits of the Partnership
The partnership with NetGuardians will enable Bank al Etihad to:
- Reduce false positives
- Improve detection rates
- Lower operational costs
- Minimize customer experience friction
About NetGuardians
NetGuardians is a Swiss fintech company specializing in AI-powered payment fraud prevention solutions. Their technology utilizes behavior analytics, machine learning, and artificial intelligence to monitor transactions and assign a risk score against the customer profile.
Quotes from Key Executives
Zeina Asfour, Director of Operations Risk at Bank Al Etihad:
“NetGuardians was an obvious choice for us due to their ability to employ AI and machine learning to monitor payment transactions in real-time, improving detection and minimizing customer experience friction.”
Jonathan Somers, Regional Sales Director MEA at NetGuardians:
“The solution will instill confidence in Bank al Etihad’s customers that their assets will always be protected in real-time, even as financial scams evolve. This partnership marks a significant development for both parties, with recent clients including Swissquote, Radicant, Twint, and Bank of Africa.”
Impact on the Fraud Detection Landscape
The collaboration between Bank Al Etihad and NetGuardians is expected to have a profound impact on the fraud detection landscape in Jordan, underscoring the importance of innovative fintech solutions in combating financial crimes. This partnership demonstrates the bank’s commitment to staying ahead of emerging threats and protecting its customers from fraudulent activities.
Recent Clients of NetGuardians
Swissquote Radicant Twint Bank of Africa