Finastra, a global leader in financial services software, announced its partnership with FraudAverse, a global leader in financial crime prevention and fraud detection.
The collaboration brings an advanced, AI-driven fraud prevention solution to Finastra’s Financial Messaging customers, delivering real-time protection against emerging threats and reducing operational costs.
FraudAverse employs intelligent AI-powered systems to rapidly detect and stop both known and emerging threats, deterring up to 99% of all fraudulent transactions.
The partnership sees the FraudAverse platform pre-integrated into Finastra Financial Messaging software to help banks identify and mitigate fraud attacks with speed and accuracy. Together, the companies are delivering real-time detection via intelligent AI systems, as well as low latency support for instant payments and scalability as payments volumes increase. By reducing investigation time required for threats, banks benefit from greater efficiencies and rapid implementation via the pre-integration meaning minimal IT resources.
This solution provides customers with the flexibility to support various messaging formats, offering decisions in real-time – critical in handling instant payments. This partnership is a testament to Finastra’s commitment to working in collaboration, innovating finance together, and in this case bringing customers a powerful, pre-integrated solution that combats fraud effectively.
