NetGuardians has been selected for the Circle Partner Program

By Leandra Monteiro

Swiss FinTech NetGuardians, renowned for its enterprise risk platform for combatting financial crime, announced a new strategic partnership with Open Telekom for cloud hosting.

NetGuardians is a leading provider of fraud-prevention software to retail, private, and digital banks. Integrated with the main core banking platforms, it is available to host on premise and in the cloud.

This new partnership with Open Telekom Cloud, the public cloud by Deutsche Telekom, gives banks using NetGuardians software in Europe a choice when cloud hosting, supplementing existing providers. With the highest level of data protection and full GDPR compliance, Open Telekom Cloud offers a secure and resilient hosting service.

NetGuardians protects banks against fraud using artificial intelligence and machine learning to build detailed customer profiles against which all transactions are compared. Anomalous behaviour triggers an alert in real-time, so the bank can stop the transaction before any money has left the account. By hosting the solution in the cloud, banks can scale their use of technology up and down according to demand, helping to minimize operating and fixed costs.

Joël Winteregg, co-founder and CEO said, “As we continue to grow in Europe, we want to be able to offer our banks the best cloud hosting experience. That means security, scalability, resilience and compliance. For those reasons, we are proud to be selected by Open Telekom Cloud as partners and continue providing the best-in-class cloud hosting services to our customers.”