MobiFin & INETCO to deliver Digital Banking and Payments Security

By Gloria Mathias

MobiFin, a provider of unified digital banking and payment solutions, has entered into a strategic partnership with INETCO, a company that offers real-time transaction monitoring and fraud prevention.

The partnership between MobiFin and INETCO will enable financial institutions to maximise the security of their digital banking services while providing customers with a seamless, unified digital banking and payment experience.

INETCO has established a global footprint by implementing its innovative solutions across 45+ nations, serving some of the prominent financial powerhouses worldwide. The company’s reach extends to numerous international markets, where its technologies have been integrated into the operations of banking and financial entities.

INETCO’s BullzAI platform harnesses the power of sophisticated artificial intelligence and instantaneous transaction surveillance to swiftly and precisely identify and thwart financial crimes, including money laundering, fraudulent payments, and cyber intrusions. This advanced system seamlessly integrates with MobiFin’s electronic Know Your Customer (eKYC) features, such as three-dimensional live image capture, biometric authentication, geolocation tracking, text recognition technology, and digital customer consent signatures.

Operating in concert with MobiFin’s comprehensive platform, BullzAI conducts an ongoing, real-time analysis of transactions to flag any questionable activities. It also proactively addresses potential vulnerabilities in user security protocols, bolstering anti-fraud defences, and bridging compliance gaps before they evolve into significant threats.

“The rise of digital banking has unfortunately been accompanied by increasing levels of fraud and financial crime,” said Tanishq Juneja, Chief Growth Officer at MobiFin. “Our partnership with INETCO allows our customers to confidently grow their digital services, knowing they have BullzAI, the most cutting-edge fraud prevention and security technology on their side.”

The partnership combines MobiFin’s expertise in digital banking and payment platforms with INETCO’s advanced capabilities in AI-powered fraud detection, anti-money laundering (AML) compliance, and cyber threat prevention.

“We are thrilled to partner with MobiFin to bring our fraud prevention innovations to their global customer base,” said Stacy Gorkoff, Chief Growth Officer, INETCO. “Together, we empower financial institutions with the tools they need to fight financial crime without adding friction to the digital customer journey.”