AI-powered risk platform NetGuardians has teamed up with cloud banking platform Mambu to help combat digital payment fraud.
By working together, Mambu customers will be able to implement the fraud-mitigation software from NetGuardians.
Mambu has more than 160 customers including several digital banks and lenders in Asia Pacific, it claims. The FinTech has formed a number of partnerships over the past year. It has recently signed deals with ODX, Marqeta, Recognise and Personal Finance Co.
Mambu CTO Ben Goldin said, “Our business model is to partner with the best FinTechs in the world to allow our customers to compose exactly the IT infrastructure they need to fulfill their business goals.
“NetGuardians’ fraud-mitigation software is a first-class solution that will plug-and-play with the Mambu core banking platform to address one of our customers’ biggest problems – combating payment fraud and keeping their customers’ money safe.”
Founded in 2007, NetGuardians utilises machine learning and user behaviour analytics to detect fraud before it happens. Its services helps to combat eBanking fraud, payment fraud, mBanking fraud, internal fraud and fraud detection for SWIFT Hacking.
NetGuardians CEO Joël Winteregg said, “Mambu works with some of the most sophisticated digital banks in the world. These banks will now be able to use NetGuardians’ software to monitor in real time all the transactions across their business and stop any that are suspicious. As digital payments continue to grow, our software will scale accordingly, maintaining the best levels of protection for the banks and their customers.”
Last year, NetGuardians deployed its technology to asset and wealth manager Pictet to strengthen its fraud protection.
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