Nymcard Partners With ACI Worldwide To Combat Fraud and Financial Crime
18 Octubre 2023 - 10:00PM
Business Wire
- Leading enabler of banking-as-a-service and payments in MENA to
enhance fraud management and prevention capabilities and strengthen
anti-money laundering controls.
ACI Worldwide, a global leader in mission-critical, real-time
payment solutions, today announced that Nymcard, a leading card
issuer in the Middle East and Africa (MENA), has enhanced its fraud
platform with ACI® Fraud Management™ to better protect its
customers from the growing threat of financial fraud.
ACI Fraud Management delivers real-time enterprise fraud
management capabilities, including advanced machine learning,
predictive analytics and expertly defined rules, that allow Nymcard
to quickly identify and mitigate financial fraud within a single
comprehensive solution. In addition, ACI’s model generator
functionality facilitates Nymcard to create and maintain predictive
machine learning models within minutes.
Nymcard, the fastest growing payments and banking-as-a-service
enabler in MENA, provides modern and highly customizable solutions
to banks, non-banking financial institutions and fintechs in the
market. Leveraging Nymcard's robust, nimble and secure
infrastructure, coupled with efficient, 24/7 support, clients can
launch their card programs in a matter of weeks.
Continuing its commitment to provide market-leading services,
Nymcard partnered with ACI to further strengthen its fraud defenses
in response to the rapidly evolving fraud landscape, which is
increasing pressure on financial institutions to adapt quickly,
maximize operational efficiencies and mitigate increased risks.
Nymcard has deployed ACI Fraud Management via ACI’s public cloud
environment across several markets in MENA.
As part of the solution, Nymcard is also using ACI’s anti-money
laundering module to implement strong strategies for risk
management across domestic and cross-border payments, allowing the
company to report and manage suspected financial crime in line with
regulations and global sanctions.
“Our ongoing strategy is to enable our clients with the
best-in-class solutions and services. We do not compromise on the
quality standards and are delighted to partner with ACI, whose
commitment matches ours to protect our customers using one the most
sophisticated fraud management solutions in the market,” commented
Omar Onsi, founder and CEO, Nymcard. “The deployment of the
solution on the cloud offers several key advantages: It allowed us
to go live in record time, can be scaled up or down depending on
transaction volumes, and above all, it is secure. Given the state
of the global economy and the speed at which fraud attacks are
increasing, these crucial features are helping us maximize our
fraud monitoring and prevention efforts and offer our customers the
best service and experience possible.”
“In today’s real-time environment, new emerging fraud threats
are putting increasing pressure on banks and financial
institutions. ACI’s award-winning enterprise fraud management and
analytics solution enables all payment service providers to
mitigate risks and combat fraud quickly and efficiently,” commented
Cleber Martins, head of payments intelligence, ACI Worldwide.
“Combined with the deployment via the public cloud, this creates a
unique value proposition, bringing a globally recognized fraud
solution to institutions that previously did not have access to the
most advanced fraud prevention and analytics solutions.”
About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time
payments software. Our proven, secure and scalable software
solutions enable leading corporations, fintechs and financial
disruptors to process and manage digital payments, power
omni-commerce payments, present and process bill payments, and
manage fraud and risk. We combine our global footprint with a local
presence to drive the real-time digital transformation of payments
and commerce.
© Copyright ACI Worldwide, Inc. 2023
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in
the United States, other countries or both. Other parties’
trademarks referenced are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018287280/en/
Media: Nick Karoglou:
nick.karoglou@aciworldwide.com Katrin Boettger:
katrin.boettger@aciworldwide.com
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