The first digital sustainability bank in Switzerland, Radicant Bank, will work with NetGuardians to improve payment security. Through its use of behavioral analytics, machine learning, and AI, NetGuardians creates customer profiles.
Real-time transaction monitoring software calculates a risk score for each transaction by comparing it to the customer profile. NetGuardians asserts that the software lowers operational costs, improves customer and user experience, and decreases the number of false positives. With machine learning algorithms, financial institutions can identify emerging threats and stay one step ahead of them.
Last year, radicant teamed up with Squirro, which links and analyses data to provide new insights to support decision making.
Read More: radicant bank teams up with RegTech startup NetGuardians
