NetGuardians’ CTO Jérôme Kehrli and Business Development Manager Dieter Lüscher are invited at the SWITCH-CERT Autumn Event to give a demo-presentation on the topic of applying machine learning for real-time fraud prevention.
Internal fraud can take place at any level of organization. Fraud costs $3.7 trillion each year and nearly 75 % of the banking fraud is internal (ACFE, 2016). Even if a bank successfully wards of attackers, there is always the risk of insiders abusing the precious information they hold.
Machine learning and artificial intelligence (AI) create $1 trillion of change in the financial services industry. Likewise, the impact of machine learning and AI on fraud detection and prevention is tremendous.
Cyber fraud is projected to reach $6 trillion by 2021. While adoption of new technologies has created new channels to give customers a unique anytime anywhere banking convenience, the systems that banks depend on to deliver their services have multiplied and grown much more complex.
First Cambodia and Swiss FinTech NetGuardians have hosted an exclusive luncheon event called “Fraud Prevention in the Age of Big Data and Artificial Intelligence on the 28th of August at Raffles Hotel Le Royal in Phnom Penh.
HEG Fribourg International FinTech Program students visited NetGuardians in summer 2018.
First Cambodia and NetGuardians organize an exclusive luncheon event on the 28th of August 2018 at Raffles Hotel Le Royal, in Phnom Penh, Kingdom of Cambodia.
NetGuardians and valantic host two events in Germany on banking fraud prevention. The events will cover various topics including latest challenges in fraud prevention, use cases, and benefits of a technology-based prevention approach.
Banking Club organizes Fraud Management Event in Köln on 4-5 September 2018. NetGuardians’ Horst Stark will present a Pecha Kucha session on the first day at 3:30 pm. Don’t miss this session to learn how machine learning helps banks to prevent fraud before it happens, protects bank customers, and ensures a frictionless customer experience.
On 16 July 2018, NetGuardians announced that it has become an Avaloq certified software partner for real-time fraud prevention.
NetGuardians, the award-winning Swiss fintech, announced today that it has become an Avaloq certified software partner for real-time fraud prevention. NetGuardians has developed a certified adapter with Avaloq to connect its machine learning risk platform NG|Screener to the Avaloq Banking Suite.
