MCB Bank & BPC bring AI-led SmartVista Fraud Management solution

By Gloria Mathias

MCB Bank Limited (MCB), one of Pakistan’s banks, has selected BPC, a global payment solutions, to strengthen the security of its digital channels by implementing the BPC SmartVista Fraud Risk Management Solution.

Through the implementation of the SmartVista Fraud Risk Management solution, MCB has reaffirmed its commitment to delivering innovative financial solutions while upholding the highest standards of security for its customers.

SmartVista Fraud Risk Management Solution is a next-generation AI-powered solution that will provide MCB with a suite of advanced features to bolster its fraud prevention capabilities. The solution offers real-time monitoring and a comprehensive view of customer transactions across all channels, enabling the customer to detect and respond to suspicious activities instantly. Its sophisticated link analysis examines relationships between transactions, accounts, and entities to uncover complex fraud networks and behavioural patterns that might evade traditional detection methods.

The system allows customers to track fraud based on rules and the statistical profile of customers leveraging AI/ML-powered models, allowing the customer to adapt to emerging fraud patterns continuously and allowing MCB to stay way ahead of new and evolving threats.

Shoaib Mumtaz, President and CEO at MCB Bank, said, “With the adoption of the SmartVista Fraud Management solution, we are further strengthening the digital safety of our valued customers while proactively enhancing our digital banking infrastructure. This technology will enable us to detect and prevent fraud in real-time, ensuring that our customers continue to enjoy a secure and seamless banking experience as we drive innovation in the financial sector.”

Furrukh Ali Baig, Managing Director Pakistan at BPC, added, “We are honoured to onboard MCB in their mission to strengthen fraud prevention measures. Our SmartVista Enterprise Fraud Management solution is designed to meet the evolving challenges of digital fraud. By leveraging advanced AI and machine learning technologies, we are confident that MCB will be well-equipped to protect its customers and stay ahead of emerging fraud threats. Our next-generation SmartVista platform provides the right tools to drive innovation and deliver secure digital payment experiences.”