back Back

NymCard partners with ACI Worldwide to combat financial fraud

By Delisha Fernandes

October 23, 2023

  • ACI Worldwide
  • Anti - Money Laundering
  • Banking-as-a-Service
Share

ACI Worldwide, Nymcard, Financial Crime, anti-money laundering, banking-as-a-service, fraud management, predictive analytics, financial fraud, financial institutions, fintechs, Fintech news, Fintech USACI Worldwide, a real-time payment solutions provider, has announced that Nymcard, a card issuer in the Middle East and Africa (MENA), have joined forces to combat fraud and financial crime.

Through this collaboration, Nymcard has deployed ACI Fraud Management via ACI’s public cloud environment across several markets in MENA. It is also using ACI’s anti-money laundering module to implement strong strategies for risk management across domestic and cross-border payments, allowing the company to report and manage suspected financial crime in line with regulations and global sanctions.

“In today’s real-time environment, new emerging fraud threats are putting increasing pressure on banks and financial institutions. ACI’s award-winning enterprise fraud management and analytics solution enables all payment service providers to mitigate risks and combat fraud quickly and efficiently,” said Cleber Martins, head of payments intelligence, ACI Worldwide. “Combined with the deployment via the public cloud, this creates a unique value proposition, bringing a globally recognized fraud solution to institutions that previously did not have access to the most advanced fraud prevention and analytics solutions.”

ACI Fraud Management delivers real-time enterprise fraud management capabilities, including advanced machine learning, predictive analytics and expertly defined rules, that allow Nymcard to quickly identify and mitigate financial fraud within a single comprehensive solution. In addition, ACI’s model generator functionality facilitates Nymcard to create and maintain predictive machine learning models within minutes.

“Our ongoing strategy is to enable our clients with the best-in-class solutions and services. We do not compromise on the quality standards and are delighted to partner with ACI, whose commitment matches ours to protect our customers using one the most sophisticated fraud management solutions in the market,” said Omar Onsi, founder and CEO, Nymcard. “The deployment of the solution on the cloud offers several key advantages: It allowed us to go live in record time, can be scaled up or down depending on transaction volumes, and above all, it is secure.”

Previous Article

October 23, 2023

IndusInd Bank unveils ‘INDIE’, a digital banking app

Read More
Next Article

October 23, 2023

Infront launches wealth portal solution in Germany & Switzerland

Read More









IBSi Daily News Analysis

November 28, 2023

ACI Worldwide

North American banks betting big on technology, Temenos research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Lloyds Bank launches new in-app passport scanning feature

Read More

Today

Bigcrafters by Estrells Galicia selects Mangopay as its payments partner

Read More

Today

TPIsoftware and HES FinTech to expand footprint in APAC and Europe

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023