National Bank of Kuwait (NBK) in Egypt has implemented Swiss vendor Netguardians’ anti-fraud solution Fraudguardians.
Selecting a platform that could enhance protection and efficiency, as well as integrate with the bank’s Temenos T24 core banking system was crucial, says Tarek Abuelnaga, COO of NBK Egypt. Netguardians is a Temenos partner and offers a relatively pre-packaged solution for the T24 core banking system.
Fraudguardians will be used at NBK Egypt to identify patterns, audit activities and ensure compliance for automated reports. The implementation of the system, states Netguardians COO Raffael Maio, took just a few weeks.
NBK Egypt is a subsidiary of the NBK Group, having joined it in 2007 following an acquisition of Alwatany Bank of Egypt.
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