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ACI Worldwide announces global availability of fraud prevention solution

By Pavithra R

July 15, 2020

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Ciaran Chu, head of Public Cloud, ACI Worldwide

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that ACI Proactive Risk Manager and ACI Model Generator, part of ACI’s Payments Risk Management solution, can now be deployed in a private or public cloud environment by all existing global customers.

The new ‘Software as a Service’ offering is made available on ACI’s private or public cloud environment through its strategic collaboration with Microsoft Azure and the Microsoft Partner Network.

The COVID-19 pandemic has resulted in increased fraudulently, increasing pressure on financial institutions to adapt quickly, maximize operational efficiencies and mitigate increased risks. ACI Proactive Risk Manager provides enterprise fraud management capabilities, including advanced machine learning, predictive analytics and defined rules, to help banks and intermediaries identify and mitigate financial fraud and help reduce the compliance burden. These include immediate payments, internet and mobile banking, on-boarding threats, merchant acquiring and internal fraud within a single comprehensive solution.

“We are proud to be among the first technology providers to make such a comprehensive cloud deployment offering available globally. Delivering a complete fraud solution as a ‘SaaS’ model offers a number of advantages to financial institutions—it speeds up time to value, can be scaled up 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 are crucial features to maximize fraud monitoring and prevention,” said Cleber Martins, global product line manager, Payments Risk Management, ACI Worldwide.

ACI Model Generator enables business users to create and maintain their own predictive machine learning models quickly. The offering was recently further enhanced with shared intelligence, empowering the financial community to collaborate and build hybrid machine learning models.

Recently, Conductor debuted in the Latin American acquirer processing market with ACI’s cloud-enabled solutions,

“ACI is leveraging its global professional services reach to serve customers in their native language and culture. Combined with Azure’s footprint, this creates a unique value proposition at an extremely competitive total cost of ownership. This brings a globally recognized fraud solution and all its strengths to institutions that were previously constrained to consume only from smaller and local vendors,” said Ciaran Chu, head of Public Cloud, ACI Worldwide.

Established since 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. It currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the U.S., and will support FedNow as it moves toward production. ACI has a global customer base of financial institutions and payment service providers using its real-time payments solution around the world, including live customers in Australia, Singapore, Thailand, Malaysia, Europe and throughout North America.

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