BFC Bulletins Monthly News Digest
Tags Anti-fraud Digital Transformation Startups
NetGuardians, a Swiss cybersecurity specialist, is bringing its fraud fighting solutions to Zimbabwe’s Steward Bank (formerly TN Bank). Steward Bank will integrate NetGuardians’ platform with its core banking system, meaning that it will now be able to monitor all user behavior in real-time on its e-banking and mobile banking channels. The platform works by blocking atypical and suspicious behavior and sending alerts to monitoring personnel. It is expected that the new technology will reduce false positive flags by 80% and fraud management time by 93%.
