Banco De Comercio selects Paygilant to bolster its new digital channel

By Pavithra R

Banco de Comercio, a Peruvian bank, has announced the selection of Israel-based mobile and digital fraud prevention provider Paygilant to bolster its newly established digital channel.

The partnership ensures Banco de Comercio’s customers enjoy a fast, accessible, and secure digital and mobile banking services. The bank chose Paygilant’s solution because it provides robust mobile fraud prevention, without impacting the user’s experience.

“With Paygilant, we are confident that our new digital platform will let our clients transact with a high degree of security and simplicity. Paygilant will be the backbone to our new digital platform focused on customer experience, simplicity and fraud prevention,” said Aron Kizner, CEO of Banco De Comercio. 

Founded in 2014, Paygilant is a revolutionary frictionless digital banking and payments anti-fraud company, designed for the new FinTech era. Its solution is designed for digital banks that require fraud prevention, without compromising the user’s experience. The company enables financial institutions like Banco de Comercio to attain customers’ trust, accelerate growth and prevent money loss. It protects against all kind of digital fraud, providing clients with a safe, frictionless transaction experience.

“We are delighted to partner with Banco De Comercio to provide Peruvian customers the highest standards in fraud prevention and frictionless customer experience. The pandemic has accelerated the growth of mobile transactions and digital fraud, respectively. Paygilant technology prevents fraud while ensuring a smooth payment experience. We are excited to be Paygilant’s commercialization partner and bring this solution to Latin America and the rest-of-the-world,” said Cinthya Bigio-Poreh, CMO and Head of LATAM for The Center For Innovation Commercialization LLC (“CICL”).

Established since 2004, Banco De Comercio’s mission is to provide innovative, agile and accessible financial solutions. Currently, the main shareholder of the bank is the Caja de Pensiones Militar Policial (CPMP), an institution established in the country by virtue of the transfer of shares made in its favor by Administradora de Comercio SA, with prior approval by the Superintendency of Banking. Insurance and AFP’s.