Mobile payments fraud-prevention and authentication provider Paygilant has been tapped by digital bank Surf Bank Brazil to help it fight fraud.
The deal will see Paygilant secure the Surf Bank digital payment account from mobile fraud and ensure a frictionless experience for its customers.
“Paygilant was a perfect fit for our needs, as its solution demonstrated superb fraud prevention capabilities,” said Yon Moreira, CEO of Surf Bank. “We were very worried about account takeover activities that are prevalent in our region, and Paygilant not only provided us with a solid fraud solution – but also eliminated the countless SMS verifications we were sending to our customers.”
Ziv Cohen, CEO of Paygilant, added, “Paygilant’s solution is designed for challenger banks, to distinguish between legitimate and fraudulent transactions, throughout the entire user-journey. It enables challenger banks to gain customers’ trust and accelerate growth, while avoiding money loss. We are honored to be working with a forward-thinking organization like Surf Bank.”
Yossi Shelly, Israel’s ambassador to Brazil, commented, “It is great to see Israeli high-tech and Brazilian Fintech uniting forces in constructing a secure payment experience. Israel’s commitment to securing the cashless world has reached Latin America.”
Copyright © 2018 RegTech Analyst
