HPS partners with Enigma to enhance global payment security with AI

By Gloria Methri

Payment solutions provider HPS has partnered with Enigma to deliver AI fraud detection models to businesses worldwide. This partnership combines Enigma’s AI capabilities with HPS’s payment platform, offering clients security and efficiency in steering modern payment systems. This solution protects transactions while ensuring a smooth and frictionless customer experience.

The strength of this system lies in the combination of two complementary approaches: an advanced AI model that anticipates and detects emerging fraud patterns and a rule-based detection system that ensures effective identification of known suspicious behaviours.

HPS, with its scalable and versatile payment platform operating in over 95 countries, provides the necessary infrastructure to seamlessly integrate Enigma’s AI capabilities into the business management of payments. This includes fraud prevention, detection, and mitigation mechanisms, covering both payment issuance and acquisition management and authorisation management. This synergy ensures optimised protection for clients while maintaining smooth, uninterrupted operations across the globe.

Enigma has collaborated with over 50% of the Top 10 banks in the United States, a consortium of the most prominent American banks, and industry giants such as Chase Bank, PayPal, and Equifax.

“This partnership aligns perfectly with Enigma’s mission to make financial ecosystems safer and more intelligent through the power of AI and our global expansion,” said Hicham Oudghiri – CEO of Enigma. “Together with HPS, we are setting a new benchmark for fraud prevention and compliance.”

“This alliance with Enigma represents a major leap forward in payment security, combining cutting-edge artificial intelligence with HPS’s world-class payment platform,” said Abdeslam Alaoui Smaili – CEO of HPS. “By leveraging AI-driven fraud detection, we are able to offer businesses a truly innovative solution that not only anticipates and prevents fraud but also enhances the overall transaction experience. This is more than just a step forward in security; it’s a transformation in how businesses can confidently navigate the future of digital payments.”