Visa Direct Cross Border service

NetGuardians’ AI-powered fraud solution more accurately detects and blocks fraudulent transactions. It learns each customers behavior and flags anomalous transactions for further validation. System reduces false positives by 85% - this results in +75% operational cost savings as fewer staff are needed to validate suspicious payments - direct savings for a Bank and reduced reputational risk.

Traditional username and password-based authentications are found to be insufficient – not just at login but also prior to critical transactions. This has only been accelerated by COVID-19 with remote working and increased digitalization and self-service thus the Two Factor authentication has become the new norm in authentication process.

Currently, banks are having to deal individually with vendors to integrate multi-factor authentication into their solutions, and switching multi-factor authentication vendors results in re-development of all integrated applications.

ComplyAdvantage is a transaction screening and monitoring solution based on real-time anti-money laundering data. It helps financial institutions screen, detect, and mitigate anti-money laundering risk. ComplyAdvantage screens parts of the payment against real-time sanctions data and configure rules and policies to quickly review and release transactions, streamlining compliance obligations.